KUALA LUMPUR: Bursa Malaysia extended its decline early Monday, as investors’ sentiment was weighed down by uncertainties about the opening up of the economy amid the high Covid-19 infection rates.
At 9.31am, the FBM KLCI fell 18.05 points or 1.16% to 1, 541.63. Turnover was 1.24 billion shares valued at RM511.97mil. The broader market was weak with 770 losers to 48 gainers and 240 counters unchanged.
The performance of Bursa Malaysia continued to lag behind key Asian markets due to continued selling by foreign institutions and local funds.
Foreign funds were net sellers last week at RM469.5mil, local funds at RM110.3mil but local retailers remained net buyers at RM579.8mil, according to MIDF Research.
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