Bursa Stays Higher At Midday On U.S. Rate Hike Pause Optimism

Bursa Malaysia remained higher at the lunch break, in line with the regional market performance on optimism of a pause in US interest rate hikes later on Wednesday (June 14) night.

At 12.30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.85 points, or 0.28%, to 1,384.46 compared with 1,380.61 at Tuesday’s close.

The key index opened 1.09 points firmer at 1,381.70 on Wednesday morning.

The broader market was positive as gainers outpaced decliners 311 to 283, while 553 counters were unchanged, 1,108 untraded and 12 others suspended.

Turnover stood at 1.71 billion units worth RM832.56 million.

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