: The benchmark FTSE Bursa Malaysia KLCI would have fallen by 11 per cent year-to-November 2020, without the support from the three healthcare counters, said Bursa Malaysia Bhd chairman Tan Sri Abdul Wahid Omar.
“The healthcare index had surged 220.9 per cent year-to November 2020...So if we were to remove the performance from healthcare, especially the glove counters, the number will be quite different, meaning that the FBM KLCI would have fallen 11 per cent year-to-November 2020,” he said. However, moving forward, he expected demand for healthcare counters would continue to grow with or without COVID-19 due to greater awareness about hygiene.
To recap, the FBM KLCI rebounded from a low of 1,219.72 on March 19, 2020 to a year-to-date high of 1,628.26 on Dec 3, 2020.