Maybank and Hong Leong lead KLCI lower at midday


KUALA LUMPUR: The KLCI lost five points at midday on Wednesday with Maybank and Hong Leong leading the market lower, following the negative cue from Wall Street where the Dow plunged 1.7% overnight and investors awaited the Fed’s FOMC meeting to see if rates would be hiked.

At 12.30pm, the FBM KLCI was down 5.03 points, or 0.28%, to 1,798.14.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Calls for planters to increase use of technology
Wall St set to rise ahead of speeches from Fed officials
Sarawak Cable finds new hope as alternative party is identified
Main Market-bound Feytech IPO public portion oversubscribed
Bursa lifts Awantec's affected issuer status
SC charges Pixelvest and former Infinity Trustee director with unlicensed capital market offences
Ringgit ends firmer against US dollar
InNature buys 'Burger & Lobster' franchise, eyes expansion into F&B Sector
Bank Negara fines Habib with RM96,250 for AMLA non-compliance
Pharmaniaga says 'stands firm' on financial recovery to exit PN17

Others Also Read