Bursa Turns Lower At Midday

Bursa Malaysia turned lower at mid-morning after opening moderately higher, as investors await the United States (US) inflation data and the outcome of the Federal Open Market Committee (FOMC) meeting later this week.

At 11am, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.17 of-a-point to 1,446.22 from yesterday’s closing of 1,446.39.

The FBM KLCI opened 0.27 of-a-point easier at 1,446.12.

The market breadth was slightly negative with 342 decliners versus 337 gainers, while 370 counters were unchanged, 1,282 untraded and 23 others suspended.

Turnover amounted to 1.40 billion units valued at RM760.69 million, Bernama reported.

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