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Bursa bounces from three-month low after Malaysia resists full lockdown Azanis Shahila Aman KUALA LUMPUR: Malaysia s stock exchange yesterday climbed from a three-month low and a 30-point loss since early this month after the government resisted imposing a full lockdown to avoid derailing a nascent recovery in the economy. The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 9.65 points or 0.62 per cent to end at 1,571.82 today from 1,562.17 at last Friday s close. At 9.06am, FBM KLCI was up 3.34 points, or 0.21 per cent, and continued climbing until mid-morning, gaining 12.89 points or 0.83 per cent higher to 1,575.06. Bank Islam Malaysia Bhd economist Adam Mohamed Rahim said a full lockdown would affect the nation s growth trajectory. ....
Bursa Malaysia rebounded from last week's losses to open firmer today as investors heaved a sigh of relief after learning that most businesses and factories are allowed to operate under the tightened movement control order (MCO 3.0). ....
The FBM KLCI staged a relief rally today, breaking a three-day losing streak. The benchmark index climbed 9.65 points or 0.62% to close at 1,571.82, as investors look for oversold counters following the recent sell-down. ....
Bursa Malaysia ended the morning session in positive territory as investors revisited the local equity market after full lockdown fears ease. At 12.30pm, benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) climbed 11.24 points, or 0.72% to 1,573.41 from 1,562.17 at last Friday's close. ....
KUALA LUMPUR (May 21): Bursa Malaysia extended its weakness in early trade today on concerns over a potentially stricter lockdown to contain the spread of Covid-19 infections. At 9.11am, the benchmark FBM KLCI had eased 4.48 points to 1,570.84 from yesterday’s close at 1,575.32. The index opened 5.89 points easier at 1,569.43. On the broader market, losers outpaced gainers 363 to 187, while 281 counters were unchanged, 1,381 untraded and 18 others suspended. Total volume stood at 574.6 million worth RM275.39 million. Malacca Securities Sdn Bhd said mild bargain hunting might emerge, but noted that the overall market sentiment remains cautious as investors await the National Security Council’s decision on the potentially full implementation of the movement control order (MCO) in a meeting today. ....