KUALA LUMPUR, June 28 — Uncertainties surrounding the extension of the movement control order as the daily Covid-19 infections stayed above the 4,000-mark continued to weigh on the stock market, with the key index hitting its lowest level since November 2020.
On the broader market, losers thumped gainers 976 to 133, while 342 counters were unchanged, 786 untraded, and 42 others suspended. Aside from that, Malaysia’s latest exports data for May 2021, which surged by 47.3 per cent year-on-year, failed provide an impetus to the market. At 5 pm, Prime Minister Tan Sri Muhyiddin Yassin announced the National People’s Well-Being and Economic Recovery Package worth RM150 billion including a RM10 billion fiscal injection to support the people.
Top Glove eased 12 sen to RM4.23, CIMB was eight sen weaker at RM4.61, Press Metal dropped nine sen to RM4.79, and Public Bank lost four sen to RM4.15. Main Market volume increased to 3.26 billion shares valued at RM2.09 billion from 3.05 billion shares valued at RM2.13 billion last Friday.