KUALA LUMPUR: Shares on Bursa Malaysia closed slightly lower today on lack of buying interest and amid the absence of fresh market leads, dealers said.
The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 7.54 points to settle at 1,768.62, after hovering between 1,762.3 and 1,781.84 throughout the day.
Losers led gainers 558 to 227, with 261 counters unchanged, 547 untraded and 26 others suspended.
Turnover decreased to 1.85 billion shares worth RM2.38 billion from the 2.21 billion shares worth RM1.6 billion recorded last Friday.
Mercury Securities head of research Edmund Tham said market players were mostly on the sidelines in closely monitoring the progress by US lawmakers in the country's budget talks.
"If there is no agreement on the budget, the market is expected to remain subdued," he told Bernama.
On tobacco-linked shares, he said news on the hike in tobacco-excise duty, would impact the cigarette companies temporarily.
"Smoking is a habit. Although the price has been increased, people will still buy cigarettes," he added.
On the scoreboard, the Industrial Index rose 6.44 points to 3,040.75, while the Plantation Index dipped 35.63 points to 8,283.11, and the Finance Index lost 151.69 points to 16,426.13.
The FBM Emas Index fell 59.65 points to 12,289.65, the FBMT100 declined 56.23 points to 12,027.20, the FBM 70 Index lost 85.76 points to 13,963.47 and the FBM ACE Index decreased 34 points to 5,537.17.
For the heavyweights, Maybank lost two sen to RM9.84, CIMB slipped 12 sen to RM7.52 and Axiata fell one sen to RM6.88.
Among the actives, The Media Shoppe was flat at 18.5 sen, and Silver Bird dipped three sen to 13 sen, while Green Packet-WA earned half-a-sen to 21 sen.
Volume on the Main Market fell to 1.24 billion shares valued at RM2.23 billion from the 1.45 billion shares valued at RM1.46 billion, registered last Friday.
Turnover on the ACE market declined to 552.29 million units worth RM141.96 million from last Friday's 713.76 million units worth RM142.46 million.
Total warrants increased to 41.07 million units worth RM3.53 million from the 31.27 million units worth RM2.93 million transacted previously.
Consumer products accounted for 177.23 million shares on the Main Market, industrial products 151.99 million, construction 47.71 million, trade and services 362.32 million, technology 151.77 million, infrastructure 37.95 million, SPAC 41.59 million, finance 75.32 million, hotels 5.24 million, properties 152.71 million, plantations 27.02 million, mining 40,000, REITs 4.78 million, and closed/fund 2,400. -- BERNAMA