Bursa slips, tracks cautious key markets after Wall St slump

TheStar Wed, May 20, 2020 09:38am - 3 years View Original


The vaccine-fuelled rally took a breather early Wednesday as investors gave excuses to take profit that optimism for US-based Moderna Inc.’s coronavirus vaccine was overdone.

KUALA LUMPUR: The vaccine-fuelled rally took a breather early Wednesday as investors gave excuses to take profit that optimism for US-based Moderna Inc.’s coronavirus vaccine was overdone.

At 9.26am, the FBM KLCI was down 1.16 points or 0.08% to 1,422.81. Turnover was 1.19 billion shares valued at RM514.76mil. There were 247 gainers, 302 losers and 294 counters unchanged.

Bloomberg reported stocks in Asia were mixed early Wednesday as reports on Moderna Inc.’s coronavirus vaccine added to concern that a successful way to beat the pandemic remains a long way off. Treasuries held an overnight advance.

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