FBM KLCI set to close lower for third straight day

TheStar Fri, Jan 27, 2023 12:43pm - 1 year View Original


KUALA LUMPUR: The FBM KLCI slipped into the red at midday as it was poised to record a third straight day of decline.

This comes at odds with a bullish performance in key regional markets, which have been buoyed by optimism over easing inflation and slower interest rate hikes.

At 12.30pm, Malaysia's key index dropped 3.95 points to 1,494.44 as it stayed within a narrow consolidation trading channel.

However, the overall market breadth remained positive with 453 gainers compared with 370 decliners.

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