News Formal

FBM KLCI edges up at midday amid cautious broader market

  • 📰 staronline
  • ⏱ Reading Time:
  • 19 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 75%

Markets News

FBM KLCI,KLCI,Bursa Malaysia

PUTRAJAYA: Graft investigators have searched the house of FashionValet founders Datin Vivy Yusof and Datuk Fadzaruddin Shah Anuar and frozen several of their accounts with RM1.1mil in funds.

KUALA LUMPUR: The FBM KLCI edged up at midday, but the broader market stayed cautious, with investors holding back from significant entries.

In the broader market, losers outpaced gainers, with 246 stocks closing higher and 586 ending lower. Volume was 1.7 billion shares valued at RM927.1mil. TA Securities noted that market sentiment is likely to be lifted by the US Federal Reserve's dovish guidance on lowering interest rates and the prospect of more pro-business policies under a Trump presidency.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Banking stocks drive FBM KLCI higher at lunch breakThis year's event features a diverse lineup of 12 movies – including four restored classics, six contemporary flicks and two animated films.
Source: staronline - 🏆 4. / 75 Read more »