No respite for Bursa as glove makers sold

TheStar Wed, Sep 09, 2020 05:41pm - 3 years View Original


At Bursa, where the rally was solely driven by retail investors in recent months, profit taking of glove makers had picked up pace.

KUALA LUMPUR: Bursa Malaysia closed lower on Wednesday as the Wall Street tech sell-off contagion effect spread to key Asian markets.

The FBM KLCI was dragged into the red at the start of trade due to selling of Hartalega, Top Glove, IHH Healthcare and Tenaga Nasional and it remained in the negative zone throughout the day.

At 5pm, the KLCI was down 22.6 points or 1.49% to 1,496.72 and year-to-date, it is down nearly 6%.

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