FBM KLCI Pares Loss At Close Amid Market Uncertainty Ahead Of Expected US Rate Cut
KUALA LUMPUR, Bursa Malaysia pared losses at the close on Wednesday but overall market sentiment remained weak as most traders remained on the sidelines ahead of an expected US interest rate cut later tonight. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 3.69 points, or 0.22 per cent, to 1,660.59 from Tuesday’s close of 1,664.28. The FBM KLCI opened 0.05 of-a-point higher at 1,664.33 and moved between 1,654.0 and 1,664.78 throughout the day. Decliners outpaced gainers in the broader market 526 to 442 while 489 counters were unchanged, 1,048 untraded and nine suspended. Turnover eased to 2.30