Bursa Malaysia ended the morning session on Wednesday in the red along with regional markets, taking a cue from the overnight losses on Wall Street after worse-than-expected inflation data dampened hopes of an interest rate cut in May.
At 12.30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) dropped 5.89 points to 1,525.48 from Tuesday’s (Feb 13) close of 1,531.37.
The barometer index, which opened 3.58 points easier at 1,527.79, moved between 1,521.79 and 1,530.95 during the session.
Decliners led gainers in the broader market 474 to 266, while 377 counters were unchanged, 1,183 untraded and 10 others suspended, Bernama reported.
