KUALA LUMPUR: The domestic market remained subdued at midday following a spate of profit-taking as investors were content to cash in any gains made over recent sessions.
At 12.30pm, the market's benchmark index was down 8.85 points to 1,484.57. There was broad-based selling on the market with 421 decliners compared with 274 gainers.
Trading volume was 1.8 billion shares valued at RM805.16mil.
PETRONAS Chemicals dropped 11 sen to RM8.24, PETRONAS Gas slid 14 sen to RM17.14 and Axiata slid five sen to RM2.92.
MISC dropped 22 sen to RM7.27, PPB lost 14 sen to RM17.84 and Sime Darby Plantation shaved six sen to RM4.37.,
Meanwhile, Hextar Technologies was down RM1.50 to RM138, Inari Amertron fell 23 sen to RM2.57 and Rapid dropped 22 sen to RM15.80.
Top actives included L&P Capital unchanged at 57 sen, Berjaya Corp up 1.5 sen to 34.5 sen and SMTrack down 0.5 sen to four sen.
Hawkish comments from US Federal Reserve officials dampened investor hopes of slowing rate hikes, as they hinted at the central bank holding a terminal rate above 5% for some time.
However, regional bourses pushed higher as China's reopening buoyed sentiment in commodities.
Japan's Nikkei gained 0.8% to 26,172, South Korea's Kospi rose 0.4% to 2,360 while China's composite index fell 0.2% to 3,170.
Hong Kong's Hang Seng slid 0.3% to 21,316 while Australia's ASX200 was also down 0.3% to 7,127.