KUALA LUMPUR: The rally on Bursa Malaysia fizzled as it approached midday, with investors taking profit ahead of the start of the US Federal Reserve's policy meeting.
The FBM KLCI retraced lower, entering the lunch break 3.2 points in the red at an intra-morning low of 1,579.46 as investors took a breather following two sessions of gains.
The index was trading in positive territory for much of the early session, hitting a high of 1,589.06 at one point.
There was also selling among the lower liners, with 536 stocks falling as compared to 411 gaining and 462 unchanged.
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