Range-bound trading as investors await economic data

TheStar Tue, Apr 11, 2023 01:07pm - 11 months View Original


KUALA LUMPUR: The FBM KLCI kept to a narrow trading band on Tuesday as investors await the release of US inflation data and the Federal Reserve's next interest rate decision.

At 12.30pm, the benchmark index was up 1.54 points to 1,429.67, after moving within a 4.24-point trading range.

There were 371 gainers compared with 346 decliners. Trading volume was 1.82 billion shares valued at RM854.94mil.

Asian markets rallied as market reopened from the Easter holiday as key central banks refrained from raising interest rates, despite expectations the US Fed will raise its own rate by another 25 basis points.

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