FBMKLCI Falls On Profit-taking, In Line With Regional Selling

During the early session, the FBM KLCI dropped by 10 points as investors chose to take profits following indications that the US central bank might not implement interest rate cuts this year.

At the lunch break, the key index stood at 1,619.19, down by 9.99 points, with a predominantly negative market breadth.

A total of 860 stocks saw selling pressure, while only 309 registered price gains, and 441 remained unchanged.

The share turnover amounted to 3.38 billion shares, valued at RM2.43 billion.

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