In early trading, the domestic market faced selling pressure as investors opted to secure profits ahead of the upcoming release of key US inflation data tomorrow.
By midday, the benchmark FBM KLCI had declined by 6.61 points to 1,584.34, continuing its slide following a modest recovery in the previous session.
Global investors are eagerly awaiting the US personal consumption expenditures index, which is due to be released late Friday and is closely watched by the Federal Reserve as a key inflation gauge.
The market showed broad weakness, with 677 stocks declining, 302 gaining, and 426 unchanged. Morning turnover totaled 2.61 billion shares valued at RM1.49 billion.
