KUALA LUMPUR: Bursa Malaysia's recent rally hit a speed bump on Tuesday on selling of Petronas-linked stocks and Tenaga Nasional, in line with the key Asian markets except China. At 5pm, the FBM KLCI was down 10.18 points or 0.65% to 1,566.72. Turnover was 7.78 billion shares valued at RM4.93bil. Decliners led advancers about three to two or 648 losers to 428 while 415 counters unchanged. In late afternoon, Bank Negara announced a 25bp cut in the overnight policy rate to a record low of 1.75% as it continued to highlight the continued spectre of downside risks. According to analysts, the central bank was repeatedly pointing out the risk of a Covid-19 pandemic resurgence that might bring about the reintroduction of containment measures. In the statement, Bank Negara said following the gradual and progressive re-opening of the economy since early May, economic activities have begun to recover from the "trough in the second quarter".,
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