Many Bursa Malaysia investors took to a selling stance compare to the previous day's trading session equity's prices were seen to be driven up.
At 12.30pm, the benchmark FBM KLCI was down seven points to 1,622,68, after bouncing off the intra-morning low of 1,619.71 at noon.
The midday rebound coincided with the release of Malaysia's inflation report for June, which showed the increase in consumer prices stood at 2%, unchanged from the previous month.
The horizontal movement in the consumer price index was welcomed by the market as economists had expected a higher rate of inflation following the government's removal of a blanket subsidy for diesel purchases in June.
On the securities market, all 13 market sectors slipped into the red, underpinned by 718 losing stocks as compared to just 237 gainers. The morning turnover was 2.71 billion shares valued at RM1.39bil.