KLCI tumbles over 86 points as Covid-19 escalates

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53
9 shares, 53 points

KLCI tumbles over 86 points as Covid-19 escalates 1

PETALING JAYA: The FBM KLCI fell 6.11% or 86.66 points to 1,332.77 at 10.43am this morning on worsening fears of the Covid-19 pandemic.

All the other indices remain in the negative territory, with the Construction Index experiencing the biggest drop of 10.43% or 17.18 points.

The most active stocks on the local bourse include Vortex Consolidated Bhd, Sapura Energy Bhd and My EG Services Bhd. Top losers were Nestle (Malaysia) Bhd, Kuala Lumpur Kepong Bhd and PPB Group Bhd.

TA Securities said stocks could suffer further downside volatility with major global markets in correction mode on fears over the Covid-19 global pandemic, and pending more significant fiscal stimulus measures to cushion the economic impact from the outbreak.


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53
9 shares, 53 points

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