Bursa Malaysia remained on a downtrend at midday on Friday (Jan 6), amid profit-taking activities after Thursday's strong rally. At lunchbreak, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell by 5.23 points to 1,475.7 from Thursday's close of 1,480.93.
Berjaya Corp Bhd's founder and major shareholder Tan Sri Vincent Tan Chee Yioun intends to pare his stake to 19.6% from 26%, paving the way for the diversified group's potential acquisition of a 51% stake in a financial services company.
Bursa Malaysia ended the morning session mixed, amidst the lack of strong buying interest. At lunch break, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) added 0.1 of-a-point to 1,466.98 from Wednesday's closing of 1,466.88.