KUALA LUMPUR, Jan 19 ― Bursa Malaysia ended the morning trading session lower, mirroring the weaker Wall Street performance overnight.
On the broader market, decliners surpassed gainers 662 to 248, while 334 counters were unchanged, 1,004 untraded and 27 others suspended.Rakuten Trade vice-president of equity research Thong Pak Leng said the Wall Street slumped as the reality of imminent higher interest rates has started to sink in with the United States 10-year bond yield inching closer to a two-year high of 1.9 per cent.
As for the local bourse, the FBM KLCI ― which had experienced some steep selling of late ― is expected to remain volatile as the market undertone is jittery.
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