Bursa returns to the red as investors quick to take profit

KUALA LUMPUR: Malaysia's stock index slid into the red going into the lunch break as investors remained by the sidelines in the hope that the US Federal Reserve has done enough to rein in inflation and will put a pause on rate hikes.

At 12.30pm the benchmark FBM KLCI was down 0.88 points to 1,447.27 with two of the country's heavyweight banks leading the decline.