KUALA LUMPUR: Malaysia's benchmark stock index ended another day in the red as investors reacted to a dearth of positive leads by cashing in on recent gains.
The FBM KLCI fell 5.47 points or 0.4% to 1,531.51, closing below the 21-day simple moving average for the first time since Jan 2, 2024.
AmBank weighed heavily on the blue chips after diving 21 sen to RM3.99 on the back of news that Australia’s ANZ Group is disposing a 16.5% stake in the bank via a block trade at RM3.85 per share.
In investors' sights is US Federal Reserve chair Jerome Powell's semiannual monetary policy testimony to the House committee later today and a senate panel on Thursday, where he is expected to reiterate caution in implementing interest rate cuts this year.
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