Investors stay cautious ahead of US rate hike decision

TheStar Tue, Jul 26, 2022 12:46pm - 1 year View Original


KUALA LUMPUR: The FBM KLCI remained negative entering the midday break as investors remained cautious of the US Federal Reserve's monetary policy decision.

At 12.30pm, the key index was down 6.99 points to 1,462.23, off the intra-morning low after finding support near 1,460.

The market was negative with 385 decliners compared with 294 gainers. There were 1.25 billion shares valued at RM554.54mil.

Blue-chips were mostly lower as banks and telcos fell in unison.

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