FBM KLCI turns red as uncertain earnings period weighs

TheStar Fri, Feb 03, 2023 12:50pm - 4 months View Original

KUALA LUMPUR: The FBM KLCI failed to hold on to its gains over the morning session despite the bullish rally on Wall Street overnight as disappointing earnings from US tech giants weighed on sentiment.

At 12.30pm, the benchmark index was 1.72 points in the red at 1,488.08.

The Bursa Malaysia Technology Index also retraced its early-morning gains to end nearly flat.

Anxieties over the ongoing corporate earnings period has tempered bullish global sentiment over the recent Federal Reserve interest rate guidance.


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