KUALA LUMPUR: Bursa Malaysia was mixed as Wall Street's seven-day rally was halted by a sell-off in tech stocks and latest economic data backed a slow-paced US rate cuts.
Wall Street ended lower as traders were mostly sidelined ahead of Thanksgiving Day today.
Meanwhile, the latest personal consumption expenditure index out of the US came in within expectations but sentiment remains cautious in view of president-elect Donald Trump's imminent tariffs.
At 9.24am, FTSE Bursa Malaysia (FBM) KLCI rose 0.1 per cent or 1.67 points to 1,605.92 versus Wednesday's close of 1,604.25.
The key index opened marginally higher at 1,606.32.
The broader market saw losers lead gainers 325 to 193 while 342 counters were unchanged.
On the index board, FBM100 added 0.1 per cent to 11,899.95, FBM Emas rose 0.08 per cent to 12,200.36 while FBM Ace dropped 0.49 per cent to 5,153.27.
Rakuten Trade Sdn Bhd equity research vice president Thong Pak Leng said the FBM KLCI maintained its climb to end marginally higher yesterday after a promising opening as late profit taking activities again curtailed any meaningful gains from the blue chips.
"Amidst the ongoing consolidation, we expect the index to hover within the 1,600-1,610 range today," he said in a note.