Business

Bursa Malaysia negative in early trade

Market awaits government announcement on action against recent virus numbers spike

Updated 5 years ago · Published on 11 Jan 2021 9:45AM

Bursa Malaysia negative in early trade
The FBM KLCI is down by 20.50 points ahead of Prime Minister Tan Sri Muhyiddin Yassin’s national address in the wake of dramatically rising coronavirus case numbers. – Screengrab, January 11, 2021

KUALA LUMPUR – Bursa Malaysia was negative in early trade today ahead of a key announcement by the government on action to be taken to deal with the recent spike in Covid-19 cases.

At 9.15am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 20.50 points to 1,612.69 after losing 5.97 points to 1,627.22 at opening compared with Friday’s close of 1,633.19.

On the broader market, losers trounced gainers 645 to 168, while 1,090 counters were unchanged, 181 untraded and 13 others suspended.

Total volume stood at 1.29 billion units worth RM8.42 million.

Prime Minister Tan Sri Muhyiddin Yassin will make a special announcement today regarding measures to be implemented by the government amid rising Covid-19 cases in the country. – Bernama, January 11, 2021

Related News

Business / 2y

Bursa Malaysia opens lower on lack of fresh leads

Business / 2y

Bursa Malaysia in negative territory at mid-morning

Business / 3y

Ringgit opens flat against USD on mixed sentiments

Business / 3y

Bursa opens mixed amid weak sentiments

Business / 3y

Bursa retreats after opening higher

Business / 3y

Bursa opens lower today

Spotlight

Malaysia

Desa ParkCity deaths: Netizens voice concern, call for increased enforcement, crackdowns on scammers

Malaysia

Seven Yemenis arrested over dangerous stunt on KL road

Malaysia

UMNO gives state leaders mandate to negotiate electoral pacts

Malaysia

Sultan Selangor warns against greed, abuse of trust

By Alfian Z.M. Tahir

Malaysia

Form Six students to get allowance from 2027

Malaysia

Desa ParkCity deaths: Wife believed to be victim of love scam, say cops

Malaysia

Saravanan's letter will be referred to MACC, relevant authorities - PM Anwar

Malaysia

Thirteen arrested after teen girl dies in suspected gang-related road attack in Kulai

You may be interested

Business

Oil prices fall as Hormuz reopening hopes offset Iran tensions

Business

Petronas revenue jumps 15% to RM152.4b as energy investments lift first-half earnings

Business

Malaysia’s international reserves stand at US$132.07b in July

Business

Robo.ai swings to positive equity after US$46.7m first-half profit

By Alfian Z.M. Tahir

Business

Robo.ai Inc announces appointment of new independent director

By Alfian Z.M. Tahir

Business

Questions over traceability of nearly 77,000 tonnes of K8 cargo at Tanjung Langsat

Business

K8 Cargo: Company still in limbo, claims CEO

Business

ASM 2 Wawasan declares seven-year high payout of 5 sen a unit