Bursa closes weaker as trading value shrinks

TheStar Thu, Jun 25, 2020 05:58pm - 3 years View Original


KUALA LUMPUR: Bursa Malaysia ended Thursday on a weaker note with trading value seen shrinking considerably amid greater caution among retail investors on fresh Covid-19 infections globally.

At 5pm, the KLCI was down 13.43 points or 0.89% to 1,489.20. Turnover declined to 4.49 billion shares while value shrunk to RM2.48bil.

Decliners beat advancers nearly three to one or 728 losers to 253 gainers while 388 counters were unchanged.

Reuters reported stocks in the developing world fell, as coronavirus cases accelerated globally and dimmed hopes of recovery after a dismal economic forecast from the International Monetary Fund.

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