KLCI drifts lower as banking stocks drag

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KUALA LUMPUR: Bursa Malaysia ended 1.56% lower on Thursday, tracking losses at regional markets, dragged by losses including at index-linked banking stocks.

At 5pm, the FBM KLCI closed 19.29 points lower at 1,219.72. The index opened 11.30 points lower at 1,227.71 this morning.

Dealers said the concern over the coronavirus pandemic overshadowed a massive shot of stimulus from the world's major central banks. Some investors are concern about the potential market closures due to the virus crisis.

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We used to be able to blame DAP for everything bad, including 🐻 market. Now cannot. 😥

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