Bursa falls in early trade, KLK and PChem down

TheStar Wed, Jul 07, 2021 09:31am - 2 years View Original


KUALA LUMPUR: Bursa Malaysia started on a weak note again on Wednesday with FBM KLCI stocks KL Kepong and Petronas Chemicals among the biggest decliners.

At 9.17am, the FBM KLCI was down 3.21 points or 0.21% to 1, 528.42. Turnover was 538.28 million shares valued at RM55.17mil. There were 162 gainers, 290 losers and 287 counters unchanged.

Bloomberg reported most Asian stocks fell Wednesday after US shares snapped a winning streak and Treasury yields retreated on concerns about the economic outlook and risks from Covid-19 variants.

Equities fell in Japan and South Korea but rose in Australia. U.S. contracts declined after the S&P 500 dipped from a record, led by the energy and financial sectors.

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