FBM KLCI edges up at midday amid cautious broader market

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.

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