KLCI eyes 1,200 help as bears rage on

KLSE

The FBM KLCI slid lower to the 1,200 help on Thursday as financial specialists proceeded with their mass migration from values to more secure ground.

Regardless of reports of mammoth boost bundles from the world’s significant national banks, financial specialists were not convinced to remain put resources into light of the compounding coronavirus circumstance.

Markets kept on seeping across Asia with China’s benchmark down 2.1%, Japan’s Nikkei falling 1.65%, Hong Kong’s Hang Seng dropping 4.25% and Australia’s ASX200 sliding 3.25%.

At 12.30pm, the FBM KLCI was down 29.73 focuses to 1,209.28.

In the midst of calls by stockbrokers to suspend exchanging on the neighborhood trade to fight off a further emergency, 880 counters fell into the red while 102 picked up and 159 were unaltered.

Exchanging volume was 2.11 billion offers esteemed at RM1.3bil.

Settle was among the main failures, falling RM3 to RM135.20, F&N sliding RM3 to RM25.42, Heineken dropping RM1.44 to RM18.06 and Dutch Lady slipping RM1.38 to RM36.02.

Stocks that saw positive value activity included Hartalega increasing 15 sen to RM6.30, Top Glove rising four sen to RM5.79 and Sime Darby Plantation increasing 13 sen to RM4.20.

Top effectively exchanged counters were SAPURA ENERGY down one sen to 6.5 sen, Netx unaltered at one sen and Ekovest falling 5.5 sen to 29 sen.