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KUALA LUMPUR (Oct 26): Bursa Malaysia’s main index lost 0.76% as of mid-morning today as glove makers linked to the index pulled out amid cautious regional markets.
At 10 am, the FBM KLCI had lost 11.34 points to 1,483.30.
Market breadth was negative with 654 losers and 165 winners, while 376 counters traded unchanged. The trading volume was 2.15 billion shares valued at RM1.43 billion.
The main losers were Supermax Corp Bhd, Mi Technovation Bhd, Hartalega Holdings Bhd, Carlsberg Brewery Malaysia Bhd, Bursa Malaysia Bhd, Petronas Dagangan Bhd, Top Glove Bhd Corp and Dutch Lady Milk Industries Bhd.
Actively traded stocks include MR DIY Group (M) Bhd, Vsolar Group Bhd, Advance Synergy Bhd, Luster Industries Bhd, Mah Sing Group Bhd, AT Systematization Bhd, XOX Bhd, and Diversified Gateway Solutions Bhd.
Among the winners are ViTrox Corp Bhd, Malaysia Pacific Industries Bhd, UWC Bhd, Unisem (M) Bhd, Lii Hen Industries Bhd, MR DIY and Texchem Resources Bhd.
Reuters He said global stocks got off to a cautious start today as rising coronavirus cases in Europe and the United States threatened the economic outlook, even as growth in China provided some support to Asia.
The United States has seen its highest number of new Covid-19 cases in the past two days, while France has also established unwanted case registries and Spain announced a state of emergency, it reported.
JF Apex Securities Research said US markets ended flat last Friday amid uncertainty over the coronavirus stimulus package and corporate earnings.
He said earlier, European stocks rallied following optimism about the US stimulus talks and a series of quarterly results.
“In the local market, the KLCI lost 4.16 points to 1,494.64.
“Following the mixed performance on Wall Street, the KLCI could float sideways above support at 1,475 points,” he said.
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