KUALA LUMPUR: The FBM KLCI closed the morning trading session lower on profit-taking in selected heavyweights.
At 12.30 pm, the key index was down 2.52 points to 1,435.60. The overall market was negative with 490 decliners compared with 262 gainers.
Malacca Securities is cautiously optimistic about the market outlook as foreign selling continued to decline with 5-day net selling standing at RM76.9mil against net selling of RM365.6mil from a week earlier.
However, it said market direction remains unclear as Wall Street retreated mildly overnight.
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