The benchmark FTSE Bursa Malaysia KLCI advanced 14.36 points to 1,652.76 compared with yesterday’s close of 1,638.18. — Malay Mail pic
“Investors are now betting the US Fed will move to cut rates as early as July, due to the slowdown in the US economy resulting from trade-related uncertainties,” a dealer said.The benchmark FTSE Bursa Malaysia KLCI advanced 14.36 points to 1,652.76 compared with yesterday’s close of 1,638.18. Turnover increased to 2.03 billion units worth RM1.72 billion from 1.62 billion units valued at RM1.43 billion recorded yesterday.
The local bourse opened today’s trading flat and it then turned mixed with investors adopting a wait-and-see attitude ahead of the meeting. Steel pole manufacturer Mestron Holdings Bhd, which today made its debut on Bursa Malaysia’s Ace Market with a premium of four sen today, added half-a-sen at closing to 16.5 sen.
Main Market volume appreciated 946.01 million shares valued at RM1.41 billion from 820.87 million shares worth RM1.21 billion.