KLCI slips amid cloudy outlook on banks, energy stocks rise


KUALA LUMPUR: The rebound seen on the local stock exchange yesterday proved short-lived as the market tumbled further on Wednesday amid growing pessimism over the rising number of coronavirus cases and the state of the global recovery.

At 12.30pm, the FBM KLCI was down 12.32 points to 1,596.03, led by the financial sector as Fitch Ratings said its outlook on banks had turned negative.

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Bursa Malaysia , FBM KLCI , equities , crude oil

   

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