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Bursa Malaysia in sea of red as investors dump healthcare stocks | Malay Mail

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KUALA LUMPUR, Sept 8 — Bursa Malaysia sank into a sea of red at mid-day as investors continued to dump their shares, especially healthcare stocks amidst a lack of fresh catalysts. Healthcare counters, namely Top Glove and Hartalega suffered the most among the top 30 index-linked counters. At...

Market breadth was negative with losers thumbing gainers 866 to 195, while 340 counters were unchanged, 622 untraded and 23 others suspended. — Picture Ahmad Zamzahuri

At lunch break, the benchmark FTSE Bursa Malaysia KLCI lost 15.23 points, or one per cent, to 1,501.15 from yesterday's close of 1,515.38. The Financial Services Index contracted 66.75 points to 12,588.54, the Plantation Index shrank 38.95 points to 7,050.59 and the Industrial Products and Services Index inched down 1.29 points to 135.48.

“At the same time, the negative market sentiment is deterring the sustainability of the buoyant trading momentum, as traders brace themselves towards the impending end of the blanket loan moratorium,” it said. Other top decliners included Kossan, giving up 88 sen to RM12.82, Nestle, dipping RM1.80 to RM139.20, KLK, reducing 42 sen to RM22.58, and Greatech trimming 32 sen to RM6.23.

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