(RTTNews) – Malaysia’s inventory market has fallen in consecutive sessions, wasting more than 20 issues or 1. 3% along the way. Kuala Lumpur’s composite index is now just below the 1,495-point plateau and is expected to reopen in the red on Monday.
Global forecasts for Asian markets are negative due to disappointing earnings news and new considerations about the coronavirus. European and U. S. markets fell and Asian stock markets are expected to open in the same way.
The KLCI ended a sharp drop on Friday following losses in plantation stocks, currency and trade stocks.
During the day, the index lost 18. 33 issues or 1. 21% to end at a daily low of 1,494. 60 after hitting a high at 1,512. 01. The volume of 4,120 million shares is worth 2,718 million ringgits. There were 665 in decline and three hundred in winning.
Wall Street’s lead is weak as open primary averages declined on Friday and remained in the red during the trading session.
The Dow lost 149. 06 issues or 0. 42% to end at 34,935. 47, while the NASDAQ lost 105. 59 issues or 0. 71% to end at 14,672. 68 and the S
Caterpillar (CAT), Exxon Mobil (XOM) and Chevron (CVX) also fell despite the release of quarterly effects that beat analysts’ estimates.
Crude oil futures stabilized higher on Friday on hopes that energy demand will grow faster than the source despite the resurgence of coronavirus infections around the world. crude oil futures rose 2. 6% on the week and 0. 7% in July.