Profit taking on key stocks Maybank and Axiata dragged the FBM KLCI into the red at midday on Wednesday, snapping the two days of gains despite the advance in crude oil prices beyond US$50 a barrel.
At 12.30pm, the KLCI was down 6.08 points or 0.37% to 1,654.54. Turnover was 1.03 billion shares valued at RM806.29mil. Decliners beat advancers 390 to 276 while 308 counters were unchanged.
Asian shares were flat on Wednesday, as weak Chinese export data offset a brightening energy sector outlook and an expected delay in interest rate hikes by the US Federal Reserve, Reuters reported.
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At 12.30pm, the KLCI was down 6.08 points or 0.37% to 1,654.54. Turnover was 1.03 billion shares valued at RM806.29mil. Decliners beat advancers 390 to 276 while 308 counters were unchanged.
Asian shares were flat on Wednesday, as weak Chinese export data offset a brightening energy sector outlook and an expected delay in interest rate hikes by the US Federal Reserve, Reuters reported.
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