KUALA LUMPUR: Investors were cautious in early Thursday trade as they worried whether the Budget 2021 proposals would secure majority vote in parliament later in the day.
At 9.24am, the FBM KLCI was down 5.99 points or 0.37% to 1,591.59. Turnover was 1.13 billion shares valued at RM459.96mil. There were 268 gainers, 299 losers and 390 counters unchanged.
Asian shares dipped slightly as the hot run up in global markets took a breather, with investors switching their focus from vaccine hopes to disappointing US jobs data and new Covid-19 lockdowns, Reuters reported.
TA Securities Research said despite economic recovery plays gaining steam, domestic political uncertainty due to doubts over approval in parliament on the passage of Budget 2021 should still cloud market sentiment.
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