KUALA LUMPUR: Bursa Malaysia ended the morning trading session in the red dragged by selling pressure from the healthcare and utilities sectors. 

At 12.30pm, FTSE Bursa Malaysia KLCI was down 0.1 per cent or 1.61 points to 1,631.93 versus Wednesday's close of 1,633.54. 

It opened marginally higher at 1,633.70 and moved between 1,627.93 and 1,634.24. 

The broader market saw losers led gainers 740 to 339 while 488 counters were unchanged. 

The index board was also a sea of red with FBM 100 down 0.17 per cent to 12,225.29. FBM Emas dropped 0.18 per cent to 12,655.55 and FBM Ace slid 0.46 per cent to 5,974.32. 

Heineken Malaysia Bhd was the top gainer, adding 22 sen to RM23.10. On the losing end, Malaysian Pacific Industries Bhd lost RM2.04 to RM38.34. 

Malacca Securities Sdn Bhd said in a note that mild profit taking activities will emerge within the technology stocks due to the mixed performance on Wall Street. 

"Nevertheless, we expect the data centre catalysts to stay intact and may provide buy-on-dip opportunities within the related sectors namely construction, utilities, building material, and property stocks. Also, we favour the gloves and shipping sector; the latter could be due to persisting Red Sea tension," it added.

https://www.nst.com.my/business/corporate/2024/07/1078170/bursa-malaysia-red-midday-selling-pressure-hits-healthcare