KUALA LUMPUR: Bursa Malaysia ended the morning session lower on Wednesday due to continuous selling in selected heavyweights and small-caps stocks amid mixed sentiment among regional peers.

At 12.30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 0.24 per cent or 3.86 points to 1,580.98 compared with Tuesday's close of 1,584.84.

The benchmark index opened 1.62 points lower at 1,583.22 and hovered between 1,579.30 and 1,583.75 throughout the session.

The broader market was negative with losers led gainers 589 to 265, while 465 counters were unchanged, 1,006 untraded and 10 suspended.

Turnover stood at 2.05 billion units worth RM1.25 billion.

Malacca Securities Sdn Bhd said Hartalega Holdings Bhd's results triggered panic selling across other glove counters on Tuesday.

However, the firm remains cautiously optimistic, as the glovemaker's cumulative 9MFY25 net profit stood at RM60.1 million versus RM2.4 million a year before. 

"Overall, we maintain a positive view on the glove sector, supported by healthy restocking activities in the post-Covid era and the 50 per cent and 10 per cent tariffs on China-made gloves, may shift market dynamics in favour of local players. 

"Following the recent earnings announcement, we favour MYEG as it achieved a record earnings milestone for FY24. For a more conservative play, traders may focus on healthcare stocks like KPJ," it added.