FBM KLCI Under Pressure Following Fed’s Stance on Rate Hikes

Bursa Malaysia ended the Thursday morning trading session in red with the benchmark index FBM KLCI dropped 6.47 points or -0.44% at 1,476.70.

The main index retreated as investors remain in cautious sentiments, after the US Federal Reserve defended its hawkish stance on the interest rate move for coming months.

At 9:00 am, the index opened slightly lower at 1,481.78

During the morning trading session, the index was traded in the range of 1,475.67 – 1,482.11.

Top five active counters for the morning session were Advance Synergy, Infomina, PT Resources, Nylex Malaysia, AHB Holdings.

Top five gainers were Hextar Technologies Solutions, Ajinomoto Malaysia, Kein Hing International, Nestle Malaysia, Batu Kawan.

Whilst top five decliners were Heineken Malaysia, Malaysian Pacific Industries, PPB, Greatec Technology, Kotra Industries.

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