At 12.30pm, Malaysia's benchmark FBM KLCI eked out a 2.29-point gain to 1,416.54.
At 12.30pm, Malaysia's benchmark FBM KLCI eked out a 2.29-point gain to 1,416.54 as investors cautiously bought up sold down stocks from the previous session.Trading volume was 1.45 billion shares valued at RM686.58mil.
Bank stocks rebounded after leading losses yesterday, with Maybank rising three sen to RM8.64, Public Bank gaining one sen to RM3.90, CIMB climbing five sen to RM5.10 and Hong Leong Bank adding six sen to RM20.12.Consumer stocks also retreated including Nestle down 50 sen to RM135.50, Heineken falling 14 sen to RM27.64, F&N dropping 12 sen to RM26.98 andOf actives, Classita rose two sen to 18 sen, Tanco gained four sen to 52 sen and CFM adding one sen to 28 sen.
Regionally, markets were little changed as markets awaited the US Federal Reserve's interest rate announcement next week. Japan's Nikkei dropped 0.1% to 28,381, South Korea's Kospi was unchanged at 2,484 and China's composite index added 0.2% to 3,270.Article type: free
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