Bursa lags key Asian markets as glove makers drag

TheStar Tue, Dec 29, 2020 09:44am - 3 years View Original


KUALA LUMPUR: Bursa Malaysia lagged behind the key Asian markets early Tuesday as glove makers weighed on the FBM KLCI amid the rising Covid-19 cases in the country and the rollout of the vaccine.

At 9.30am, the KLCI was down 4.94 points or 0.3% to 1,638.96. Turnover was 1.61 billion shares valued at RM713.69mil. There were 290 gainers, 446 losers and 409 counters unchanged.

Asian stocks rose with US futures after the House backed higher stimulus cheques, allowing President Donald Trump’s signing of the virus relief bill, Bloomberg reported.

Shares gained in Japan, Australia and Hong Kong, and fluctuated in South Korea and China.

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