Sluggish start to the week for local bourse

TheStar Tue, Aug 11, 2020 07:30am - 3 years View Original


The top decliners included Supermax Corp Bhd, Kossan Rubber Industries Bhd, Hartalega Holdings Bhd, Top Glove Corp Bhd, Malaysian Pacific Industries Bhd, Comfort Gloves Bhd, and Rubberex Corp (M) Bhd.

PETALING JAYA: The local stock market started the week lower, weighed by rubber gloves and technology counters amid a fresh wave of coronavirus (Covid-19) cases globally.

A remisier reckoned that retail investors are turning their interest to other sectors.

Trading on Bursa Malaysia was also affected by the anticipation of sluggish gross domestic product (GDP) numbers for the second quarter of this year, the flare-up of US-China tensions and ongoing domestic political uncertainties.

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