FBM KLCI stays in the red ahead of Bank Negara's MPC meeting on ThursdayThe FMB KLCI slipped 0.1% or 1.48 points, tracking regional market declines as market sentiment continues to be weighed by high Covid-19 cases, besides domestic political issues. The benchmark index settled at 1,530.15 points on market close.
Investors are also watching carefully what Bank Negara Malaysia's next move will be as its monetary policy committee meets tomorrow (July 8), amid the current economic climate, according to Areca Capital chief executive officer Danny Wong. “There are no strong catalysts right now for the market to move either way,” he added.