Bursa ends sharply lower as Covid-19 numbers rise

Bursa ends sharply lower as Covid-19 numbers rise

Benchmark index closes 1.4% lower at 1,508.71.

Losers thumped gainers 1,057 to 147, while 285 counters were unchanged, 699 untraded and 10 others suspended.
KUALA LUMPUR:
Bursa Malaysia ended sharply lower amid cautious sentiment over the high daily Covid-19 infections that breached 8,000 new cases today, and was also in line with the regional markets.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) trimmed 21.44 points or 1.4% to 1,508.71 from Wednesday’s close of 1,530.15.

The market bellwether opened 4.25 points lower at 1,525.9 – the day’s high – and fell as low as 1,501.21 during the day’s trading.

On the broader market, losers thumped gainers 1,057 to 147, while 285 counters were unchanged, 699 untraded and 10 others suspended.

Turnover increased to 5.35 billion units worth RM3.54 billion from Wednesday’s 4.8 billion units worth RM2.73 billion.

Malaysia recorded 8,868 Covid-19 cases today, the country’s second highest daily figure, behind the 9,020 cases reported on May 29.

The country’s cumulative cases have now passed the 800,000 mark with a total of 808,658 infections.

Of the regional peers, Singapore’s Straits Times Index discounted 0.97% to 3,111.26, Japan’s Nikkei 225 narrowed 0.88% to 28,118.03 and Hong Kong’s Hang Seng Index lost 2.88% to 27,153.13.

Bursa Malaysia’s heavyweights Digi was flat at RM4.13, Maybank and Public Bank slipped three sen each to RM8.03 and RM4.05, while IHH Healthcare declined two sen to RM5.60 and CIMB lost 17 sen to RM4.43.

Of the actives, Advance Synergy increased one sen to 17 sen, Metronic edged up half a sen to 4.5 sen, Pelangi Publishing rose 1.5 sen to 38 sen, Serba Dinamik fell four sen to 44 sen, Pelikan shed seven sen to 38.5 sen and Dagang Nexchange went down 4.5 sen to 66.5 sen.

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