Investors stay cautious ahead of trading break

TheStar Fri, Jan 20, 2023 12:53pm - 1 year View Original


KUALA LUMPUR: The FBM KLCI ended the early session slightly lower as investors remained on the sidelines ahead of the start of a long weekend holiday in conjunction with the Lunar New Year.

At 12.30pm, the benchmark index was down 0.42 points to 1,495.8. There were 358 gainers as compared with 303 decliners to indicate a positive broader market.

Trading volume was 1.33 billion shares valued at RM758.84mil.

While the sentiment was sour in US markets following the release of retail data that pointed to growing recessionary risk, Asian markets proved resilient ahead of the closure of major regional markets for the Lunar New Year holiday.

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