KUALA LUMPUR: Bursa Malaysia closed in the red at midday dragged by selling activities in heavyweights, especially from the financial services sector.
At 12.30 pm, the FTSE Bursa Malaysia (FBM) KLCI dropped 0.68 per cent or 10.61 points to 1,540.83 versus Thursday's close of 1,551.44.
The key index which opened at 1,553.16 moved between 1,539.55 and 1,556.22 throughout the morning trading session.
The index board was also a sea of red with FBM100 losing 66.25 points to 11,091.95, FBM Emas dropped 68.37 points to 11,423.45 and FBM Ace shed 0.44 per cent to 4,747.06.
The broader market was negative with decliners surpassing gainers 634 to 351 while 397 counters remained unchanged.
Among the financial services stock, CIMB Group Holdings Bhd lost 11 sen or 1.7 per cent to RM6.35, Malayan Banking Bhd dropped five sen or 0.52 per cent to RM9.48 and Hong Leong Bank Bhd shed 14 sen or 0.71 per cent to RM19.58.
Of the actives were Harvest Miracle Capital Bhd which added 3.45 points or half a sen to 15 sen and RGB International Bhd added 6.9 per cent or two sen to 31 sen.