KUALA LUMPUR: Malaysia's stock market was on course to another weak session as the mounting geopolitical pressure in the Middle East sent investors into safe-haven assets.
At 12.30pm, the benchmark FBM KLCI was down 4.06 points to 1,514.05, extending the decline from last Friday's session.
Nestle slumped RM2.10 to lead the blue-chips lower. Banks slid with Maybank shedding seven sne to RM9.63, CIMB falling nine sen to RM6.73 and RHB down six sen to RM6.30.
The broader market showed an overwhelmingly negative ratio of declining issues to advancers of 3.74-to-1. Volume was 1.88 billion shares changing hands for RM922.01mil.
The escalation conflict between Israel and Iran cast a pall over investor sentiment in Asia, although key markets held steady amid the growing uncertainty.
Japan's Nikkei rose 1.23% to 38,301, China's composite index was flat at 3,378 and Hong Kong's Hang Seng dropped 0.12% to 23,864.
In Singapore, the Straits Times index dipped 0.31% to 3,899.
