At 9.10am, the FTSE Bursa Malaysia KLCI (FBM KLCI) weakened 0.30 of a point to 1,616.53 from Tuesday’s close of 1,616.83, after opening 0.73 of a point firmer at 1,617.56.
Market breadth was negative, with decliners outpacing gainers 185 to 146, while 291 counters were unchanged, 2,071 untraded and 31 suspended.
Turnover stood at 194.92 million shares worth RM105.22 million.
Malacca Securities Sdn Bhd said in a research note that Wall Street inched higher ahead of inflation data and the third-quarter corporate earnings.
“We expect that in view of a mixed Wall Street performance, coupled with Malaysia’s upcoming Asean summit as well as positive developments from Budget 2026, the FBM KLCI would trade on a firmer note,” it said.
Among heavyweights, Maybank edged up one sen to RM9.91, and IHH Healthcare rose three sen to RM8.33. Public Bank fell three sen to RM4.24, CIMB was one sen weaker at RM7.34, while Tenaga Nasional slid two sen to RM13.22.
In active trading, ACE Market debutant Verdant Solar added seven sen to 38 sen, HHRG and Land & General increased half-a-sen each to 7.5 sen and 18.5 sen, Mlabs System and Yong Tai went up one sen each to 8.5 sen and 15.5 sen.
Top gainers included Nestle, which climbed RM1.10 to RM110.60, Hong Leong Industries was 10 sen firmer at RM13.78, 99 Speed Mart and LPI Capital added eight sen each to RM3.38 and RM14.30, while Malayan Cement gained seven sen to RM6.64.
Among the top losers, Malaysian Pacific fell 28 sen to RM29.56, Fraser & Neave slipped 18 sen to RM27.96, UMS decreased nine sen to RM1.90, while Solarvest and Tomei shed seven sen each to RM3.10 and RM1.91.
On the index board, the FBMT 100 Index weakened 2.96 points to 11,910.43, the FBM Emas Shariah Index sank 1.35 points to 12,156.10, and the FBM ACE Index narrowed 3.32 points to 5,308.11. The FBM Emas Index declined 5.77 points to 12,076.93, and the FBM Mid 70 Index edged down 9.54 points to 17,105.38.
By sector, the Financial Services Index gave up 8.21 points to 18,245.27, the Plantation Index eased 6.04 points to 7,896.03, and the Energy Index dropped 3.14 points to 789.14. The Industrial Products and Services Index inched up 0.18 of a point to 171.56.