KUALA LUMPUR: Shares on Bursa Malaysia closed lower on Monday on lack of buying momentum especially in selected heavyweight counters.
The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) shed 5.47 points to 1,796.36 after hovering between 1,793.28 and 1,800.3 throughout the day.
Leading the heavyweights, Maybank trimmed six sen to RM10.24, CIMB fell 13 sen to RM7.95 while Axiata, Sime Darby and Petronas Chemicals were flat at RM6.91, RM9.52 and RM6.93 respectively.
The weak movement of the key index today was also influenced by soft regional markets on fresh concerns over the US Federal Reserve's policy on its bond-buying programme.
Singapore's Straits Times Index eased 0.72 per cent to 3,214.17, Hong Kong's Hang Seng Index was 0.56 per cent lower at 23,371.54 and Indonesia's Jakarta Composite Index fell 0.46 per cent to 4,562.86.
Back home, the Finance Index slipped 94.46 points to 16,935.8 and the Industrial Index was down 1.03 points to 3,048.24, while the Plantation Index added 3.47 points to 8,337.37.
The FBM Emas Index declined 29.24 points to 12,465.18, the FBMT100 decreased 26.93 points to 12,206, the FBM 70 Index rose 11.08 points to 14,134.36 and the FBM ACE Index increased 65.95 points to 5,425.9.
Losers led gainers 390 to 357, with 319 counters unchanged, 523 untraded and 23 others suspended.
Turnover eased to 2.13 billion shares worth RM1.78 billion from last Friday's 2.39 billion shares worth RM2.44 billion.