Market lacks catalysts as Tenaga drags KLCI into the red

KUALA LUMPUR: Malaysia’s stock market extended its decline at Wednesday’s midday break, with selling resuming in power giant Tenaga Nasional as attrition wears down sentiment amid the lack of strong positive catalysts.

At 12.30pm, the FBM KLCI was down 0.69 of a point or 0.04% lower at 1,726.17. Turnover was 843.45 million shares valued at RM725.63mil. There were 290 gainers, 306 losers and 322 stocks unchanged.