KUALA LUMPUR: Blue chips extended their decline on Thursday, weighed down by banks on concerns of a rate cut and weaker economic growth crimping their profits due to the Covid-19 coronavirus.
At 5pm, the FBM KLCI was down 3.78 points or 0.24% to 1,539.16. Turnover was 2.74 billion shares valued at RM2.30bil. There were 452 gainers, 361 losers and 415 counters unchanged.
A sharp rise in the number of coronavirus deaths and infections unnerved world markets, as traders halted the rally in stocks and retreated to the safety of government bonds and gold, Reuters reported.
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