KUALA LUMPUR, July 15 — Bursa Malaysia fell for the second straight day as investors went on a selling spree of glove stocks, mainly Hartalega and Top Glove. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) decreased 13.19 points to its day’s low of 1,585.56 compared with Tuesday’s close of...
Wednesday, 15 Jul 2020 06:00 PM MYT
At 5pm, the FTSE Bursa Malaysia KLCI decreased 13.19 points to its day’s low of 1,585.56 compared with Tuesday’s close of 1,598.75.Market breadth, however, was positive as gainers surpassed losers 558 to 456, while 424 counters were unchanged, 519 untraded and 25 others suspended. The glove stocks were hit by selling pressure as fresh hope for Covid-19 vaccine and profit-taking activities snapped their rally.
Following this, China has vowed to retaliate against the US and will make necessary responses to protect its legitimate interests and impose sanctions on relevant US personnel and entities, further raising worries over the escalating trade war.Among other heavyweights, PetChem retreated 13 sen to RM6.18 and Genting Malaysia went down four sen to RM2.51.
On the index board, the FBM Emas Index was 68.19 points lower at 11,184.65, the FBMT 100 Index decreased 77.97 points to 11,036.95 and the FBM Emas Shariah Index dipped 116.52 points to 12,807.42.Sector-wise, the Financial Services Index added 40.75 points to 13,534.21, the Plantation Index improved 115.70 points to 6,962.35 and the Industrial Products and Services Index eased 0.38 of-a-point to 137.77.
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