Bursa Malaysia suffered a decline in the midday session following profit-taking activity at most heavyweight counters.
At 12.30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) was down 7.0 points to 1,622.68 from 1,629.68 at Tuesday's close.
The index opened 1.63 points higher at 1,631.31 and it moved between 1,619.71 to 1,631.31 throughout the morning session.
Broad market sentiment was negative as losers outnumbered gainers by 717 to 237. Meanwhile, 451 counters remained unchanged, 1,066 were untraded and six others were suspended.
A total of 2.71 billion units worth RM1.39 billion.
Malacca Securities in a statement said Wall Street's weaker performance overnight had prompted moderate profit-taking activity in the local market.
However, this opportunity will provide a good return for stocks related to data centers, real estate construction and utilities sectors that are likely to be acquired in the near future.
The firm also noted several increases in trading activity that will be monitored by investors.
Among the heavyweights, Public Bank fell 1.0 sen to RM4.19, CIMB Group fell 2.0 sen to RM7.18, Tenaga Nasional fell 4.0 sen to RM14.40, IHH Healthcare fell 6.0 sen to RM6.25 and Maybank was unchanged at RM10.10.
Among the active ones, MY E.G. Services rose 3.5 sen to RM1.02, SC Estate Builder gained 1.0 sen to 2.0 se, MQ Technology and Hubline Bhd gained half a sen each to 1.5 sen and 13 sen respectively.
