REVIEW: Bursa Malaysia endured a losing streak amid downgrades on economic growth in the region as analysts and central banks weighed the impact of the Covid-19 outbreak over the coming quarters.
Across the causeway, Singapore downgraded its gross domestic product forecast to 0.5% for 2020, the mid-point of a new estimate range of between -0.5% and 1.5%.
On the FBM KLCI, a consolidation channel was seen building on the daily price chart as investors held their breath for signals that the coronavirus pandemic had peaked.
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