At 9.12am, the FBM KLCI was down 5.66 points or 0.39% to 1,461.23, extending its decline beyond a five-month low since May 29.
Bloomberg reported the risks across emerging markets would be enough to occupy the minds of traders even in a normal week -- from debt sustainability and increased fiscal pressures to rising Covid-19 infection rates and geopolitical tensions. At Bursa last Friday, foreign funds stepped their selling pressure, which saw the FBM KLCI slump to a five-month low, with net selling of RM279.8mil. Local institutions were net buyees at RM208.7mil and local retail investors RM71.1mil.
Greatec, which had rallied in recent weeks, riding on the semicon play, came under profit taking and fell 34 sen to RM7.32. UWC lost 23 sen to RM6.19 and Pentamaster 14 sen to RM4.89.