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buy apple account:KLCI falls on profit-taking, fresh coronavirus anxieties


KUALA LUMPUR: The FBM KLCI slid in morning trade on profit-taking activities even as news of a new coronavirus strain emerging in Europe sent waves of anxiety over global markets.At 12.30pm, the key index was down 6.11 points to 1,646.38.Equities markets were lacklustre on Monday as positive sentiment over the prospect of further US stimulus was quashed on reports that UK Prime Minister Boris Johnson will chair an emergency response meeting to discuss international travel and the flow of freight in and out of Britain.Meanwhile, Bursa Malaysia was mostly lower with 656 decliners to 455 gainers as investors took cash off the table following the recent rally and as the year-end festivities approached.This marked a third straight day of losses on the FBM KLCI following a run-up on equities prices in light of the roll-out of Covid-19 vaccines in US and Europe.Among the heavyweights seeing losses were Maybank down four sen to RM8.42, Tenaga Nasional sliding 14 sen to RM10.64, Petronas Chemicals shedding seven sen to RM7.51 and Axiata dropping eight sen to RM3.79.Energy stocks were also seen drifting lower as crude oil prices stepped back on fears that the new strain of coronavirus could mean tighter restrictions in the UK and Europe.The Bursa Malaysia Energy Index dropped 1.7% to 892.68 in tandem with a 3% fall in the price of Brent crude to US$50.69 a barrel.Top active traded stocks were Ages up 0.5 sen to 15 sen, Hiap Tek up 2.5 sen to 46.5 sen and Puncak Niaga up three sen to 45.5 sen.Among key regional markets, Japan's Nikkei was down 0.35% although China's benchmark index rose 0.6%. Hong Kong Kong's Hang Seng was down 0.2% and South Korea's Kospi was flat.In Australia, the ASX 200 dropped 0.2%.

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  • 2021-01-14 00:00:14

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