Calm returns as panic selling recedes, CI ends above 1,600

Calm returned to Bursa Malaysia as panic selling receded after Prime Minister Muhyiddin Yassin assured that business activities will remain as usual despite the declaration of a nationwide state of emergency today.

At 5 pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) shed 5.21 points to 1,612.04.

The index opened 1.41 points lower at 1,615.84 compared with Monday’s close of 1,617.25, and moved between 1,590.71 and 1,621.10 throughout the trading session.

On the broader market, gainers trounced losers 732 to 502, while 421 counters were unchanged, 429 untraded and 12 others suspended.