KUALA LUMPUR (March 24): Bursa Malaysia extended losses for the third consecutive day as investors adopted cautious trading given the overnight losses on Wall Street amid concerns over US bond yield, weaker oil prices, and intensifying COVID-19 cases in Europe.
At 9.15 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 2.81 points to 1,592.49 after slumping below 1,600 points to end at the day’s low of 1,616.73 yesterday.
The index was 0.83 of-a-point weaker at 1,591.66 at 9 am.
On the broader market, losers led gainers 386 to 198, while 328 counters were unchanged, 1,311 untraded and 11 others suspended.
Total volume stood at 725.96 million shares worth RM284.99 million.-The Edge Market