KUALA Lumpur shares witnessed a sharp drop across the board today as investors recalibrate their portfolio pending the tabling of the 2021 Budget next Friday.
At the close today, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) dropped 28.31 points or 1.89% to 1,466.89 after opening 0.89 of-a-point lower at 1,494.31.
Decliners trounced advancers 1,033 to 203, while 309 counters were unchanged, 604 untraded and 80 others suspended.
Total volume rose to 5.90 billion shares worth RM3.90 bil from last Wednesday’s 4.66 billion shares worth RM3.43 bil.
ACE Market stocks continued their downtrend with the sectoral index dipping 3.84%, while the telecommunications, technology, and energy sectors were the biggest losers, slipping 2.5%, 2.3% and 2.16% respectively. – Oct 30, 2020
