KUALA LUMPUR: Bursa Malaysia slumped in early Thursday trade on concerns about the political outlook for the country while the Covid-19 cases surged to a fresh high on Wednesday amid calls for stricter curbs.
Several motions, including to sever ties with Parti Pribumi Bersatu Malaysia in the 15th general election, will be decided at the upcoming Umno general assembly.
At 9.19am, the FBM KLCI was down by 11.8 points or 0.74% to 1,580.17. Turnover was 970.62 million shares valued at RM513.43mil. Decliners beat advancers 719 to 128 while 304 counters were unchanged.
Asian stocks advanced with US futures after Democrats took control of the Senate following key elections, paving the way for President-elect Joe Biden to implement his agenda, Bloomberg reported.
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