KUALA LUMPUR: The FBM KLCI closed in the red, its third straight session in negative territory after the US Federal Reserve brought forward its outlook for an interest rate increase.
At 5pm, the market's key barometer lost 7.46 points or 0.47% to finish at 1,570.86. The index opened 0.43 of-a-point higher at 1,578.75 this morning.
Market breadth turned negative as losers overpowered the gainers on a ratio of 611-to-361 stocks. Traded volumes stood at 4.26 billion shares worth RM2.74bil.
Dealers said investors were concerned about the outcome of the FOMC meeting. The U.S. Federal Reserve signalled it might raise interest rates earlier than expected.
...