Frenzy on Bursa eases off as KLCI fails to retain gains

TheStar Thu, Jul 09, 2020 05:53pm - 3 years View Original


Turnover on Bursa was 10.23 billion shares valued at RM5.18bil. However, trading volume was unable to beat the previous day's record of 11.807 billion shares.

KUALA LUMPUR: The trading frenzy eased off in late afternoon on Thursday as heavy churning of penny stocks took a breather while the FBM KLCI failed to hold on to its gains.

At 5pm, the KLCI was down by 0.25 of a point of 0.02% to 1,583.25 while year-to-date it is down 0.35%.

Earlier at 3.30pm, the KLCI had managed to erase the year-to-date losses. However, some selling of Petronas-linked stocks including MISC weighed on the index in late trade.

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