Bursa lacklustre ahead of 2Q GDP data

TheStar Fri, Aug 14, 2020 09:24am - 3 years View Original


KUALA LUMPUR: Malaysia’s stock market was lacklustre in early Friday trade ahead of the release of the second quarter GDP data at midday and also due to the muted key Asian markets.

At 9.15am, the FBM KLCI was down 3.19 points or 0.2% to 1,573.23. Turnover was 1.218 billion shares valued at RM344.52mil. There were 165 gainers, 374 losers and 326 counters unchanged.

Bloomberg reported Asian stocks saw a muted start to trading after a lacklustre US session as investors mulled the stalemate in stimulus negotiations and parsed signs of an economic recovery.

Japan’s Topix Index fell 0.2% and South Korea’s Kospi Index fell 0.7%.

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