Local market broadly lower at midday

The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) ended lower in the absence of buying interest.

At 12.30pm, the benchmark index closed lower at 1,486.91 points, down 5.14 points or 0.34%. It had opened 4.07 points lower at 1,487.98 today.

Turnover stood at 503.5 million shares worth RM957.1mil. Losers were ahead of gainers 521 to 145 with 220 unchanged.

On Bursa Malaysia, Chin Tek topped the gainers' list, appreciating 19 sen to RM8.85.

Other gainers included Widetech, Kumpulan Powernet and Ralco.