KUALA LUMPUR: Bursa Malaysia continued its downward trend during the midday session, influenced by declines in the plantation and property sectors.
As of 12:30 PM, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell by 0.07 per cent, a drop of 1.23 points to reach 1,644.76, compared to Friday's closing figure of 1,645.99.
The broader market reflected a negative sentiment, with losers outnumbering gainers by 560 to 333 while 468 counters remained unchanged.
Malacca Securities Sdn Bhd said buying support is expected in the construction and property sectors following Budget 2025 due to property tax relief initiatives.
"We also favour the utilities sector, as more green-related initiatives were highlighted in Budget 2025, leading to potential trades in the renewable energy and sub-utilities segments.
"Additionally, with increased emphasis and investment in the semiconductor and electrical and electronics (E&E) sectors, we expect buying interest in the technology sector. Finally, we see potential in stocks linked to Johor, Sabah, and Sarawak," it said.