Bursa remains little changed amid lack of direction

TheStar Fri, Jul 01, 2022 09:18am - 1 year View Original


KUALA LUMPUR: The domestic market stayed little changed in early morning trade as investors lacked direction amid the absence of fresh leads.

Wall Street markets ended the first half of 2022 in the previous session with its worst performance since the first quarter of 2020, when the global pandemic broke out.

It remains to be seen if the US economy will slip into a recession as some economists predict given the US Federal Reserve's aggressive interest rate hikes to quell soaring inflation.

At 9.05am, the FBM KLCI was down 0.02 point to 1,444.2. There were 149 decliners compared with 92 gainers.

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