KUALA LUMPUR (Dec 11): The heightened volatility that has emerged surrounding the emergence of the Omicron Covid-19 variant is expected to persist next week, said Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng. Weekly turnover narrowed to 17.03 billion units valued at RM10.2 billion against 19.19 billion units valued at RM18.98 billion in the previous week. Main Market volume eased to 9.45 billion shares worth RM8.92 billion from 12.04 billion shares worth RM17.06 billion in the prior week. Warrant volume, however rose slightly to 1.5 billion units valued at RM242.27 million versus 1.49 billion units valued at RM215.84 million previously. ACE Market volume depreciated to 5.47 billion shares worth RM1.03 billion compared with 5.63 billion shares worth RM1.7 billion in the previous week.

Source: The Edge Markets December 11, 2021 14:54 UTC