Bursa hits lowest level since December 2011

An analyst says the FBM KLCI is expected to keep to its downtrend and test the 1,480 benchmark if political uncertainty persists till the end of the day. – EPA pic, February 24, 2020.

THE local bourse continues to be spooked by uncertainty following Dr Mahathir Mohamad’s resignation as prime minister and Bersatu chairman, marking his possible exit from politics.

When the market resumed after lunch, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined 42.78 points, or 2.79%, to 1,488.22.

Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one (1) week free access!

Subscribe Now!

Sign up or sign in here to comment.