KUALA LUMPUR: Local stock market investors are dumping shares in early trade as Malaysia faces a hung Parliament situation after the 15th general election (GE 15).

 

At 9.13 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 17.78 points, or 1.23 per cent, to 1,431.54 from Thursday's close of 1,449.32.

 

The expected downtrend saw decliners lead gainers on the broader market, while 163 counters were unchanged, 1,625 untraded, and 48 others suspended.

 

Turnover stood at 521.08 million units worth RM277.3 million