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KUALA LUMPUR: Bursa Malaysia started Friday on a weak note as market sentiment was cautious following the overnight crash on Wall Street due to the surge in Covid-19 cases.
Hong Leong Capital, which resumed operations after five years, was also in the spotlight as it reached the limit in early trading.
At 9.59 a.m. M., The FBM KLCI was down 11.99 points or 0.75% at 1,578.79. The turnover was 3,250 million shares valued at RM978.42 thousand. There were 322 winners, 483 losers, and 443 unchanged counters.
Bloomberg reported that Asian stocks followed their US counterparts.
Stocks fell in Japan, Australia and China. S&P 500 futures fell slightly after the benchmark fell 1% as New York City braced for the possibility of school closings and Chicago urged residents to stay home.
S&P 500 futures were down 0.2% at 10:35 am in Tokyo. The indicator fell 1% on Thursday.
Japan’s Topix Index fell 1.4%; South Korea’s Kospi Index fell 0.5%; Australia’s S & P / ASX 200 Index fell 0.5% and the Shanghai Composite was down 0.9%.
In Bursa on Thursday, foreign funds were net buyers on Thursday at RM87.2 thousand, but local institutions were net sellers at RM17.7 thousand and local retail investors at RM69.6 thousand.
HL Cap fell RM2.74 or nearly 30% to RM6.41 with 1.85 million shares taken.
Nestle lost RM1.40 to RM138.60, F&N 30 sen to RM31.90 and Heineken 28 sen to RM22, but Ajinomoto and Carlsberg added 20 sen each to RM15.40 and RM23.44. Berjayaq Food rose 21 sen to RM1.35.
Tenaga lost 26 sen to RM11.22, Petronas Dagangan 24 sen to RM19.56, Public Bank 22 sen to RM17.70 and Hap Seng 20 sen to RM8.23.
Euro Holdings was the main winner, climbing 40 sen to RM2.90.
As for tech stocks, Greatec rose 29 sen to RM9.28, MPI 28 sen to RM23.28 and UWC 24 sen to RM7.56.
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