At 9.06 am, key index FTSE Bursa Malaysia KLCI slipped 3.50 points, or 0.26 per cent to 1,319.16 from 1,322.66 at Wednesday’s close.On the broader market, gainers, however, slightly outnumbered losers 159 to 141, while 161 counters were unchanged, 1,460 untraded and 19 others suspended.Malacca Securities Shd Bhd said the market sentiment also turned downbeat following the World Bank’s move to slash economic growth of Asian countries growth due to impacts by COVID-19.
Under the prevailing scenario, the brokerage firm said a pullback may see the local bourse be supported at the 1,300 psychological level, followed by the 1,250 level.Among the heavyweights, MISC lost 13 sen to RM7.36, Tenaga declined 10 sen to RM11.72, Maxis slid five sen to RM5.03, CIMB went down three sen to RM3.50 and Sime Darby Plantation was four sen easier at RM4.70.
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