Bursa opens lower after EMCO announcement in KL, Selangor | Malay Mail

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KUALA LUMPUR, July 2 — Bursa Malaysia was lower in early trade as investors were spooked by the enhanced movement control order (EMCO) announced yesterday in a large part of Selangor and 15 localities in Kuala Lumpur. At 9.10am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) eased by...

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KUALA LUMPUR, July 2 — Bursa Malaysia was lower in early trade as investors were spooked by the enhanced movement control order announced yesterday in a large part of Selangor and 15 localities in Kuala Lumpur.

Meanwhile, Brent crude price climbed mildly after the Organisation of the Petroleum Exporting Countries and its allies postponed their decision on the oil production plan amid recovering demand for oil, while market participants are expecting an increase in oil output going forward.

IHS Markit said the most marked deterioration in conditions among ASEAN countries was seen in Malaysia, where the headline index dropped sharply to a near series low of 39.9 in June 2021 from 51.3 in May 2021, reflecting the stricter COVID-19 containment measures.

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