FBM KLCI retreats to 1,600

KUALA LUMPUR: The FBM KLCI retreated to the psychological support of 1,600 points at midday as investors took profit in the absence of fresh leads.

At 12.30pm, the benchmark index was down 4.28 points to 1,600.47, affirming expectations that equities prices will trend sideways as investors awaited more clarity on the global interest rate environment.