Bursa Malaysia ended the morning session flat after moving in a tight range and cautious mode.
Market sentiment remained subdued as investors digested China’s loan prime rate cut by 10 basis points across the board on Tuesday (June 20), while awaiting an upcoming testimony by Federal Reserve chair before Congress on Wednesday for clues of the market direction, dealers said.
At 12.30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slid 0.12 of a point to 1,387.21 from 1,387.33 at Monday’s close.
The key index opened 0.09 of a point easier at 1,387.24 on Tuesday and moved between 1,383.86 and 1,388.02 throughout the morning session.
The broader market was negative as decliners outpaced gainers 471 to 241, while 365 counters were unchanged, 1,206 untraded and 16 others suspended.
Turnover stood at 1.68 billion units worth RM824.10 million.
