KLCI Reacts To Emergency Speculation, Drops Below 1500
The uncertainty has affected the market.
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Speculations of a possible emergency situation has sent ripples to the country’s economy as the FBM KLCI dropped by 5.52 points to 1,493.28, according to stats by The Edge.
Flash: FBM KLCI slumps 5.52 points to 1,493.28 at 4:28pm
— The Edge Malaysia (@theedgemalaysia) October 23, 2020
The stock market hasn’t been performing particularly well this year as it dipped below 1,300 in March – the worst decline since a decade ago as Malaysia was hit with the Covid-19 pandemic.
Since then, it has slowly bounced back as the country started to implement the Recovery Movement Control Order (RMCO) and investors became more optimistic.
Uncertainties have always affected the stock market, for example, when Opposition leader Datuk Seri Anwar Ibrahim announced a possible change in government in September, the stock market dropped by 9.3 points.
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