The FBM KLCI ended the morning session on a low note as it slipped below the 1,600-point mark as investors decided to take some profits in the market.
In midday trade, the market fell 4.60 points (0.29%) to 1,596.08 after hitting a morning high of 1,604.51.
There were 290 counters that gained, 523 that lost and 471 counters traded unchanged on Bursa Malaysia.
The trading volume amounted to 1.7 billion shares worth RM1.18 billion.
Bank Negara announced that the country's economy grew by 5.3% in the third quarter of 2024.
In a preliminary estimate released on October 21, the Statistics Department had projected year-on-year growth of 5.3% slightly above the median estimate of 5.1% from a Bloomberg survey.
On Bursa Malaysia, Kuala Lumpur Kepong fell 56 sen to RM21.84, Malaysian Pacific Industries fell 40 sen to RM24.90, MISC fell 35 sen to RM7.60 and Panasonic Manufacturing fell 26 sen to RM18.22.
Among the gainers, Dutch Lady jumped RM1.14 to RM30, BLD Plantation rose 58 sen to RM10.96, Lysaght rose 35 sen to RM3.05 and United Plantations rose 34 sen to RM30.92.
