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

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