Bursa Malaysia continued its downtrend, with the FBM KLCI falling 5.55 points to 1,609.28 at midday amid a global bond sell-off and profit-taking by investors. Turnover stood at 1.97 billion shares worth RM1.46 billion, with 716 decliners outnumbering 232 gainers.
Asian markets also weakened following US Federal Reserve concerns over inflation and anticipated trade tariffs by President-elect Donald Trump. Heavyweights like Kuala Lumpur Kepong and IOI Corporation fell, while REITs saw selective buying. The construction and tech sectors faced pressure due to profit-taking and US export restrictions, though gains in Swift Energy and Sarawak Cable offered slight positivity.
Downtrend
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