Rising Covid cases weigh on Bursa

TheStar Wed, May 05, 2021 09:50am - 2 years View Original


KUALA LUMPUR: Rising Covid-19 cases and uninspiring Wall Street weighed on investor sentiment on Bursa Malaysia early Wednesday.

At 9.35am, the FBM KLCI was down 0.97 of a point or 0.06% to 1,587.28. Turnover was 1.19 billion shares valued at RM609.12mil. Decliners beat advancers 382 to 267 while 402 counters were unchanged.

At Bursa on Tuesday, local retail investors were net buyers at RM51mil but local institutions were net sellers at RM49.5mil and foreign funds at RM1.5mil.

Overnight on Wall Street, the Nasdaq Composite dropped 261.62 points, or 1.88%, to 13,633.50, while the S&P 500 lost 28 points, or 0.67%, to 4,164.66. The Dow Jones Industrial Average pared its earlier losses and closed slightly higher, rising 19.8 points, or 0.06%, to 34,133.03.

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