KUALA LUMPUR: Malaysia is seeing the trend of sudden increases in Covid-19 new cases and deaths from the viral infection, especially after April 1 thi.
KUALA LUMPUR (June 6): The Ministry of Health (MoH) has reported 6,241 new daily Covid-19 cases, down from 7,452 yesterday, as Selangor continued to be the largest contributor with 2,178 cases. Of the new cases, 86.8% were reported to be local Malaysians, while 13.2%, or 823 cases, were foreigners. These pushed the number of national cumulative confirmed infections to 616,815, as active cases continued to grow to reach a new peak of 86,628..
KUALA LUMPUR (June 5): The FTSE Bursa Malaysia (FBM KLCI) is expected to trade sideways next week with the level of resistance located at 1,600 to 1610 points. Market players will be monitoring the country’s April industrial production index to be released by the Statistics Department and the European Central Bank’s (ECB) policy rate meeting. Bank Islam Malaysia Bhd economist Adam Mohamed Rahim said the holiday-shortened week would contribute further to the market lull as there seemed to be no new fresh catalyst in the market.