Bursa slumps on emergency concerns, ringgit slides

TheStar Fri, Oct 23, 2020 05:42pm - 3 years View Original


Though economic activities would not be affected, investors were worried about the impact, sending the FBM KLCI to a low of 1,490 before closing off the lows. The ringgit weakened against the US dollar in late trade.

KUALA LUMPUR: Bursa Malaysia was generally in the red on Friday as investors were given a jolt that a state of emergency was expected to be announced later in the day.

Though economic activities would not be affected, investors were worried about the impact, sending the FBM KLCI to a low of 1,490 before closing off the lows. The ringgit weakened against the US dollar in late trade.

At 5pm, the KLCI was down 4.16 points or 0.28% to 1,494.64. Turnover was 6.92 billion shares valued at RM4.10bil. Decliners beat advancers 894 to 311 while 352 counters were unchanged.

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