Bursa Malaysia and its regional peers fell into the negative territory at midday as the risk-off mode increased amid uncertainties over whether the US Congress will resolve the debt ceiling impasse on Wednesday (May 31).

Bursa, regional bourses in red ahead of US debt voting

Bursa Malaysia ended the choppy morning trading session on a low note as investors refrained from making active bets in the absence of major market-moving catalysts.

Choppy trading continues on Bursa amid lack of catalysts

Bursa Malaysia ended the morning session lower at midday, dragged by Axiata Group Bhd.  

At 12.30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased by 0.06 of a point to 1,402.92 from 1,402.98 at last Friday’s close.

Axiata drags Bursa lower at midday

Bursa Malaysia was marginally lower at midday as buying interest was interspersed with selling in selected heavyweights in line with the weaker sentiment on regional bourses.

Bursa marginally lower at midday

Bursa Malaysia remained in the red at midday due to the lack of positive catalysts, in line with the weaker sentiment in regional bourses.

At 12.35pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased by 2.75 points to 1,406.87 from 1,409.62 at Wednesday’s close.

Bursa stays in the red at midday

Bursa Malaysia turned mixed at midday as buying emerged in selected heavyweights, lifting the market bellwether up slightly despite the weaker sentiment on regional bourses.

Bursa turns mixed at midday

Bursa Malaysia remained lower at midday on a lack of buying catalysts in most heavyweights as investors remained on the sidelines awaiting fresh market-moving news on the US debt ceiling.

Bursa remains lower at midday

Bursa Malaysia remained lower at midday on lack of buying catalysts in heavyweights, an analyst said.

Bursa Malaysia was marginally lower at midday, with the key index recovering at one point but retreating a few minutes before the morning trading session ended, as mixed market sentiments took a toll on risk appetites.

Bursa easier at midday amid mixed market sentiment

Bursa Malaysia was marginally lower at midday as buying interest interspersed with selling in selected heavyweights, a dealer said.

Bursa marginally down at midday

Bursa Malaysia extended earlier gains to midday, with the key index remaining in positive territory buoyed by continued buying momentum in plantation heavyweights.

Despite a mixed performance in regional bourses, the FTSE Bursa Malaysia KLCI (FBM KLCI) increased 3.8 points to end the morning trading session at 1,427.3 against Tuesday’s close of 1,423.5.

Plantation counters lift Bursa higher at midday

Bursa Malaysia extended earlier gains on bargain hunting of blue chips to close the morning session on a firm note, in sync with the uptrend in regional bourses.

Bursa extends gains at midday on bargain hunting of blue chips

Bursa Malaysia remained lower at midday amid selling in heavyweight counters, led by telecommunications stocks.

At 12.30pm, the benchmark index dropped 2.58 points to 1,420.34 from last Friday’s close of 1,422.92.

Telco stocks push Bursa down at midday

Bursa Malaysia remained mixed at midday as selling in the broader market continued as investors were cautious amid pressure following a risk-off day for US stocks overnight.

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