KUALA LUMPUR: Bursa Malaysia plummetted at the opening, roiled by an overnight selloff on Wall Street after the World Health Organisation declared Covid-19 a global pandemic.
The declaration saw the Dow sink 9.99 per cent, while the S&P 500 declined 9.51 per cent and the Nasdaq was 9.43 per cent lower.
The Dow and S&P 500 were hit by their steepest daily falls since 1987.
At 9.04am today, the FTSE Bursa Malaysia KLCI (FBM KLCI) lost 73.22 points or 5.15 per cent to 1,346.21, the lowest level since 2010, from 1,419.43 at Thursday’s close.
The FBM KLCI opened 55.67 points weaker at 1,4363.76 at the opening bell.
On the broader market, losers trounced gainers 638 to 31, with 79 counters unchanged, 1,274 untraded and 32 others suspended.
Turnover amounted to 352.93 million shares worth RM134.52 million. - BERNAMA