At 9.07am, the FBM KLCI was down 4.70 points to 1,485.36. The top losers in early trade included Dutch Lady Milk Industries Bhd, Heineken Malaysia Bhd, Carlsberg Brewery Malaysia Bhd, Fraser & Neave Holdings Bhd, KESM Industries Bhd, Allianz Malaysia Bhd, Petronas Dagangan Bhd, Nestle (M) Bhd, Petronas Gas Bhd and Hap Seng Consolidated Bhd. It said that similarly, European stocks tumbled, dragged by airlines and travel companies on concerns that the virus is spreading in Italy. “On the local market, the FBM KLCI plunged 41.21 points to 1489.99 points. “Following the bearish sentiment caused by the pandemic and the political uncertainty locally, the FBM KLCI remain pressured with support at 1450 points,” it said.

Source: The Edge Markets February 25, 2020 01:18 UTC