KUALA LUMPUR: After ending the session nearly flat yesterday, the FBM KLCI is poised to continue its consolidation with a downward bias ahead of the Nuzul Al-Quran holiday, said Apex Securities Research.
The key index opened for mid-week trading 1.87 points lower at 1,536.51
Regional markets have been jittery this week as the highly anticipated US personal consumption expenditure price index is scheduled to be released on Friday, giving investors fresh insight into whether inflation levels are low enough to affirm an interest rate cut in June.
Overnight, Wall street indices continues to back away from record highs as investors took profit ahead of the inflation figures and updates from the Fed.
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