Midday saw the FB KLCI dip to the psychological support level of 1,600 points as investors opted to cash in profits amidst a lack of fresh market catalysts.
By 12:30 pm, the benchmark index had slipped 4.28 points to 1,600.47, signaling a trend of sideways movement as investors awaited further clarity on global interest rates.
Today’s agenda includes significant policy announcements from global central banks, notably Bank Negara’s decision on the overnight policy rate at 3 pm and the Bank of England’s interest rate call later in the evening.
Meanwhile, market sentiment in Malaysia remained mixed, with 470 stocks edging higher, 469 declining, and 503 holding steady.
