Bursa, key markets close in the red on coronavirus outbreak

TheStar Tue, Jan 28, 2020 05:18pm - 4 years View Original


Consumer stocks, MAHB, banks skidded on worries about the economic fallout but glove makers jumped following a surge in demand for gloves.

KUALA LUMPUR: Bursa and several key Asian markets which were opened on Tuesday, came under selling pressure as the coronavirus claimed its 106th victim and spread to other countries.

Consumer stocks, Malaysia Airports, banks on worries about the economic fallout but glove makers jumped following a surge in demand for gloves.

At 5pm, the FBM KLCI was down 21.17 points or 1.35% to 1,551.64, the lowqest since early October last year. Turnover rose to 3.36 billion shares valued at RM2.89bil. Declining stocks beat advancers around four to one or 850 losers to 179 gainers and 221 counters unchanged.

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