KUALA LUMPUR: Bursa Malaysia started the new month of May on the backfoot as the FBM KLCI fell below the crucial 1,600 level as concerns about tighter restrictions to curb the spread of the Covid-19 pandemic weighed.
At 9.15am, the KLCI was down 3.65 points or 0.23% to 1,598. Turnover was 755.44 million shares valued at RM475.15mil. Decliners beat advancers 463 to 192 while 311 counters were unchanged.
Reuters reported Asian share markets got off to a slow start on Monday as holidays in China and Japan crimped volumes and investors awaited a raft of data this week which should show the U.S. leading a global economic recovery.
MSCI's broadest index of Asia-Pacific shares outside Japan was all but flat after taking a bit of a spill on Friday. Japan's Nikkei was shut for a holiday, but Nikkei futures edged up 0.2%.
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