Bursa Malaysia hits 13-month low amid fears of omicron threat

FEARS over Omicron’s possible impact on global economic recovery dragged Bursa Malaysia’s key market barometer to its lowest in 13 months on Monday.

The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 18.29 points or 1,22 per cent to 1,483.45 compared with 1,501.74 at Thursday’s close.

The market bellwether opened 1.92 points better at 1,503.66 and reached its intraday high of 1,503.76 in the early morning.

On the broader market, losers trounced gainers 789 to 242 while 369 counters were unchanged, 876 untraded and 20 others suspended.

Turnover decreased to 3.66 billion units valued at RM2.57 bil from Thursday’s 3.73 billion units valued at RM3.06 bil. — Dec 6, 2021

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