KLCI retraces earlier losses to close marginally higher

TheStar Wed, Mar 17, 2021 05:32pm - 3 years View Original


KUALA LUMPUR: The FBM KLCI managed to settle with marginal gains on Wednesday, driven buying interest in selected index-related counters, as investors awaited the outcome of the U.S. Federal Reserve's policy meeting.

The benchmark index FBM KLCI ended up 1.01 points, or 0.06% at 1,624.97. It opened 1.65 points higher at 1,625.61 this morning.

On the broader market, gainers outnumbered losers by 625 to 513 while 440 counters unchanged. Trading volume stood at 12.66 billion shares worth RM4.77bil.

Adding to the downbeat note, Asian equity ended mixed as investors awaited the outcome of the U.S. Federal Reserve's policy meeting for clues about interest rates.

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