Latest news: Datuk Seri Abdullah Ahmad Badawi was sworn in Monday as the prime minister of Malaysia for a second term.
Bursa Malaysia halted trading at 2.58pm after the Kuala Lumpur Composite Index (KLCI) fell 10%, which is the maximum limit. Trading resumed at 3.58pm.
Following the overnight falls of WallStreet US market (370 point losses for the last 2 trading days), and the US labor market turns down as US employer sliced payroll by 63,000 in February, even deeper than the 22,000 cut in January. However, the impact of Political tsunami in Malaysia after the 12th General Election is the biggest one for the slump of Malaysia Stock market Today.
KLCI closed at 1173.22 points today , following the selling pressure of the domestic and foreign investors. The results of the general election was a shock, and the outcome of the election 1st shown in today Malaysian Stock market.
Gainers 26, losers 905, Unchanged counter 62. [5.00pm, 10 March 2008]
Filed under: General issue | Tagged: bursa malaysia, investors, KLCI, kuala lumpur composite index, labor market, Malaysia, Political, Stock market, US
