Mild gains on Bursa as odds turn in favour of Fed rate pause

TheStar Fri, Jun 09, 2023 12:54pm - 2 years View Original


KUALA LUMPUR: Malaysia's benchmark FBM KLCI ended the morning session marginally higher although it stayed on track to recording another losing week by the end of day.

At 12.30pm, the key index was up 0.64 points to 1,375.28. There were 364 gainers on the broader market compared to 335 decliners.

Trading volume was 1.84 billion shares valued at RM708.79mil.

There was positive sentiment in global markets following the overnight rally on Wall Street as investors grew more optimistic the Federal Reserve will hold interest rates steady at its policy meeting next week.

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