KLCI skids to 1,500 on uncertainties in ruling govt

Kenanga Investment Bank Research said its technical chartist is of the view that with renewed and heightened political anxiety, there is a possibility that the KLCI will break below the key support level of 1,500 (being the first support level).

KUALA LUMPUR: Bursa Malaysia came under selling pressure at the start of Monday as investors grew concerned over political uncertainties as Pakatan Harapan is on the brink of collapse.

At 9.03am, the KLCI was down 30.4 points or 1.99% to 1,500.78. Turnover was 284 million shares valued at RM129.46mil. Decliners hammered adancers 580 to 33 while 111 counters unchanged.