Sell-off stemming from COVID-19 spike sinks Bursa

BURSA Malaysia ended trading today broadly lower on last-minute sell-off amid the rise of daily COVID-19 infections today. 

Malaysia recorded its highest number of daily COVID-19 infections at 6,806 new cases today. 

At the close, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 5.20 points to 1,575.32 compared with Wednesday’s close of 1,580.52. 

The market bellwether, which opened 2.67 points easier at 1,577.85, fluctuated between 1,570.32 and 1,585.32.    

Overall market breadth was also negative with losers thumping gainers 832 to 288, while 393 counters were unchanged, 692 untraded and 18 others suspended.

Main Market volume rose slightly to 3.68 billion shares worth RM3.27 bil from Wednesday’s close of 3.30 billion shares worth RM3.07 bil from Tuesday’s 3.66 billion shares worth RM2.68 bil.   

Warrants turnover was higher at 341.47 million units worth RM35.43 mil from 268.17 million units worth RM28.28 mil yesterday.  

Volume on the Ace Market rose to 2.71 billion shares worth RM1.26 bil from 2.17 billion shares worth RM935.85 mil previously.  

Consumer products and services accounted for 560.61 million shares traded on the Main Market, industrial products and services (1.16 billion), construction (112.12 million), technology (512.33 million), SPAC (nil), financial services (70.10 million), property (306.54 million), plantation (78.54 million), REITs (8.26 million), closed/fund (2,000), energy (394.083 million), healthcare (192.32 million), telecommunications and media (174.11 million), transportation and logistics (88.50 million), and utilities (26.10 million). – May 20, 2021


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