KUALA LUMPUR: Bursa Malaysia traded in the red throughout the day as investors cautiously await the government’s new measures in response to the surge.
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KUALA LUMPUR: Maybank, Maxis and Petronas Gas weighed on the FBM KLCI on Monday on concerns about the impact of the new stricter measures under the Movement Control Order to be announced at 6pm.
Monday, 11 Jan 2021 01:39 PM MYT
On the broader market, losers surpassed gainers 584 to 503, while 823 counters were unchanged, 174 untraded and 13 others suspended. Bernama pic
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KUALA LUMPUR, Jan 11 Bursa Malaysia continued to see weaknesses in the morning session as investors adopted a wait-and-see stance ahead of the government’s announcement on new Covid-19 measures later today.
At 12.30pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) eased 20.01 points to 1,613.18 after losing 5.97 points to 1,627.22 at the opening compared with Friday’s close of 1,633.19.
The index moved between 1,607.52 and 1,627.22 throughout the morning session.
DWA Advisory Sdn Bhd, in an independent advice to the shareholders of CCM, said although CCM’s shares will remain traded on Bursa Securities, shareholders, especially those with large blocks of shares, may have limited opportunities or require a longer time to dispose of them in the open market. for the unconditional mandatory takeover of Chemical Co of Malaysia Bhd (CCM) is not fair but shareholders have been advised to accept it as it is reasonable.
DWA Advisory Sdn Bhd, in an independent advice to the shareholders of CCM, said although CCM’s shares will remain traded on Bursa Securities, shareholders, especially those with large blocks of shares, may have limited opportunities or require a longer time to dispose of them in the open market.