KLCI slips as domestic political risk continues to drag sentiment - News Summed Up

KLCI slips as domestic political risk continues to drag sentiment


KUALA LUMPUR (June 24): The FBM KLCI fell 0.58% today as domestic political infighting, a slow vaccination rate and high daily Covid-19 cases continued to drag market sentiment. MIDF research head Imran Yassin Md Yusof said the market lacked catalysts and sentiment was bearish on domestic political risk. Across Bursa Malaysia, 5.21 billion securities were traded for RM3.03 billion today, compared with 5.22 billion securities worth RM2.78 billion yesterday. This resulted in index-linked Top Glove Corp Bhd falling 10 sen or 2.25% to RM4.35 and Hartalega Holdings Bhd dropping 33 sen or 4.13% to RM7.67. On the other hand, Kobay Technology Bhd was the day's top gainer, surging 38 sen or 16.31% to RM2.71.


Source: The Edge Markets June 24, 2021 09:33 UTC



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