KUALA LUMPUR: Bursa Malaysia turned red at midday, in sync with the downbeat performance of its regional peers ahead of the United States (US) Federal Reserve's (Fed) policy meeting.
The FTSE Bursa Malaysia KLCI (FBM KLCI) was down 1.46 points to 1,623.10 from Monday's close of 1,624.56.
The index opened 0.22 point higher at 1,624.78, subsequently moving between 1,622.40 and 1,629.37 during the morning trading session.
On the broader market, losers led gainers 422 to 237, while 771 counters were unchanged, 1,055 untraded, and 89 others suspended.
Maybank Investment Bank (Maybank IB) said the broad market sentiment turned selective as interest rate decisions from both the Bank of Japan and US Fed are expected soon.
"Technology stocks emerged as the main gainers today software tech lagging hardware tech stocks.
"Energy counters were mostly unchanged with the exception of Dialog Group Bhd, potentially on news of its storage facilities expansion in Johor," it said.