Bursa Malaysia slips on cautious sentiment ahead of Fed meeting on Wednesday

BURSA Malaysia ended marginally lower on Wednesday on cautious sentiment ahead of the US Federal Reserve’s (Fed) decision on interest rates and inflation data due later today.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slid 2.54 points to its intraday low of 1,608.95 compared with 1,611,49 at Tuesday’s (June 11) close.

The FBM KLCI opened 5.14 points higher at 1,616.63 and hit an intraday high of 1,618.99 in the early morning session.

On the broader market, decliners outpaced gainers 758 to 550, while 468 counters were unchanged, 625 untraded, and nine others suspended. – June 12, 2024

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