KUALA LUMPUR: The FBM KLCI slipped deeper into the red at midday on Friday as selling pressure weighed on the local bourse despite a positive overnight lead from Wall Street.
The market barometer fell 8.11 points, or 0.47%, to 1,707.02 after hitting an intramorning high of 1,715.20.
On the broader market, losers outpaced gainers 569 to 419, while 527 counters were unchanged. A total of 2.75 billion shares worth RM1.5bil changed hands.
Apex Securities expects the FBM KLCI to extend its rebound on Friday, supported by an improved global risk tone and Bank Negara Malaysia’s decision this week to keep the Overnight Policy Rate (OPR) unchanged.
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