KUALA LUMPUR: The FBM KLCI remained negative entering the midday break as investors remained cautious of the US Federal Reserve's monetary policy decision.
At 12.30pm, the key index was down 6.99 points to 1,462.23, off the intra-morning low after finding support near 1,460.
The market was negative with 385 decliners compared with 294 gainers. There were 1.25 billion shares valued at RM554.54mil.
Blue-chips were mostly lower as banks and telcos fell in unison.
Maybank fell three sen to RM8.77, CIMB shaved three sen to RM5.19 and RHB dropped four sen to RM5.79.
Digi lost 10 sen to RM3.41, Maxis slipped six sen to RM3.43 and Axiata fell two sen to RM2.68.
PETRONAS counters were also laggas as PETRONAS Chemicals fell 36 sen to RM22.44 and PETRONAS Gas slid 32 sne ot RM16.68.
Among actives, UMediC was up 14 sen to 46 sen, Bintai Kinden
was unchanged at 11 sen and Zentech rose 0.5 sen to six sen.
Meanwhile, Asian markets moved higher from their early morning lows as investors shrugged off a profit warning from Walmart, which raised concerns over corporate earnings, and developments in Alibaba led Chinese tech shares higher.
Japan' Nikkei was unchanged at 27,688, South Korea's Kospi rose 0.3% to 2,410 and China's composite index rose 0.8%.
In Hong Kong, the Hang Seng jumped 1.5% to 20,868 as Alibaba shares surged over 6% on news it planned to apply for a primary stock listing in the island state.
Australia's ASX200 meanwhile rose 0.25% to 6,807.
