Malaysiakini report:
Malaysian shares plunged nearly 4 percent in Thursday morning trade, with the benchmark Composite Index breaching a key psychological point, pulled by steep falls on Wall Street and domestic political uncertainty.
However, a mini technical recovery helped the index - which dived at the opening bell - to trim losses during afternoon trade.
The Kuala Lumpur Composite Index closed the day at 991.66 points, down 1.13 percent.
Dealers said players were still trying to digest a sudden move by Prime Minister Abdullah Ahmad Badawi to hand over his finance portfolio to deputy premier, Najib Abdul Razak, and assuming instead the latter’s defence minister post. - Malaysiakini.com
Full report here: Massive drop on Bursa Malaysia (ref. malaysiakini)
No comments:
Post a Comment