BURSA Malaysia remained easier across the board at mid-day today (Feb 3), but the losses were limited by news that China’s trading market had an orderly start thanks to the calming liquidity injection pledged by the People’s Bank of China (PBoC), analysts said.
China’s central bank said it would inject 1.2 trillion yuan (US$174 bil) worth of liquidity into the financial markets via reverse repo operations amid an outbreak of the 2019 novel coronavirus (2019-nCoV).
At 12.30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 0.30% or 4.65 points to 1,526.41 from Friday’s close of 1,531.06.
The benchmark index opened 8.92 points easier at 1,522.14 and moved between 1,517.61 and 1,528.06 throughout the morning session.
On the broader market, losers outpaced gainers 834 to 150, with 248 counters unchanged, 728 untraded and 21 others suspended.
Turnover amounted to 2.51 billion shares worth RM1.40 bil. – Feb 3, 2020, Bernama
