KUALA LUMPUR: Bursa Malaysia stayed positive ahead of the announcement of the US Federal Reserve's interest rate decision later tonight amid bets that the central bank will slow its rate of increase.
At the lunch break, the FBM KLCI was up 0.86 points to 1,407.41 while the broader market remained positive with 416 gainers to 344 decliners.
Trading volume was 1.9 billion shares valued at RM973.13mil.
There remained an air of uncertainty over global equities markets as worries over the US banking sector persisted, with much of the attention going to the Fed as the turmoil has been partly blamed on the aggressive rate hikes leading to a plunge in bond yields.
...