Bursa Malaysia stayed in the red at midday, dragged down by concerns about the interest rate outlook after the Federal Open Market Committee (FOMC) minutes reaffirmed expectations that the US is not cutting its interest rates anytime soon.
At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 7.18 points to 1,545.22 from Wednesday’s close of 1,552.40.
The benchmark index opened 1.69 points lower at 1,550.71.
The market breadth was negative with losers surpassing gainers 464 to 396, while 471 counters were unchanged, 986 untraded and 20 others suspended.
Turnover amounted to 2.03 billion units worth RM1.10 billion, Bernama reported.
