Political issues, Covid-19 weigh on Bursa

TheStar Fri, Oct 16, 2020 05:28pm - 3 years View Original


KUALA LUMPUR: As the political scenario heats up and the Covid-19 pandemic continues, market sentiment remained cautious on Bursa Malaysia except for selected counters like Mah Sing and FGV Holdings due to recent corporate announcements.

At 5pm, the FBM KLCI was down 10.11 points or 0.67% to 1,503.84. Turnover was 8.70 billion shares valued at RM4.76bil. There were 583 gainers, 488 losers and 431 counters unchanged.

The ringgit rose 0.12% against the US dollar to 4.1485.

Crude palm oil for third month delivery rose RM3 to RM2,869 per tonne. However, PPB Group fell 42 sen to RM19.08, KL Kepong 24 sen to RM21.66, IOI Corp 12 sen to RM4.20 and Sime Plantation three sen to RM4.92.

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