KLCI would have fallen 11% sans healthcare stocks, says Bursa chairman

  • 📰 theSundaily
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

KUALA LUMPUR: The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) would have fallen by 11 per cent year-to-November 2020, without the support from the t...

: 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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 25. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines