KLCI pulls back in line with regional retreat

TheStar Tue, Jan 21, 2020 05:10pm - 4 years View Original


KUALA LUMPUR: Bursa Malaysia ended the day in the red on Tuesday line with the weak performance of its regional peers as losses in selected heavyweights continued to weigh on the local index.

At 5pm, the benchmark FBM KLCI shed 1.55 points to 1,587.33 amid a weak broader market. The index opened 0.41 point higher at 1,589.29 this morning.

Dealers said the local bourse which tracked the performance of key Asian markets, was weighed down by selected heavyweight. In addition, concerns about a new strain of coronavirus in China sent a ripple of risk aversion through markets.

In the broader market, decliners outnumbered gainers 509 to 383, while 371 counters remained unchanged. Turnover stood at 2.65 billion shares worth RM1.93bil.

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