FBM KLCI sinks into red as rebound loses steam

KUALA LUMPUR: The rebound on the FBM KLCI lost steam by mid-morning to return to negative territory as profit-taking pressure pulled equities prices lower following the end of the corporate earnings season.

Positive performances during the peak earnings season that ended in August helped to shore up equities prices even as market sentiment improved over the higher vaccination rates and gradual reopening of the economy.