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Is Bursa the new TINA, with gambling outlets closed?

Asia Analytica
Asia Analytica • 7 min read
Is Bursa the new TINA, with gambling outlets closed?
A good number of the companies from the May 13 list are related to the healthcare and hygiene businesses — although many quite remotely so — thus playing to the Covid-19 pandemic theme.
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(May 22): Trading on Bursa Malaysia came under the spotlight in the last two weeks, when amid prevailing uncertainties — and the steady stream of dismal economic and corporate earnings news flow — trading volume spiked to all-time record highs.

Trading momentum started strongly on Tuesday (May 12 — the previous day was a public holiday) with total market volume (on-market and direct business) rising to 6.5 billion shares. Volume rose further on Wednesday, to an all-time high of nearly 9.7 billion shares worth RM5.2 billion.

Investor interest remained robust on Thursday and Friday, when total market volume topped seven billion and 9.3 billion shares respectively. For the week, daily volume traded averaged 8.1 billion shares worth RM4.2 billion.

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