Shares on Bursa Malaysia ended lower today as investors cut risk exposure on heavyweights after the US Federal Reserve’s policy outlook was seen as less dovish than expected, dealers said.
At 5pm today, the FTSE Bursa Malaysia KLCI (FBM KLCI) was down 10.53 points at 1806.85, after moving between 1,804.56 and 1,815.15 throughout the day.
A dealer said the market was dominated by profit taking with investors bearish on the latest decision by the Fed to maintain its quantitative easing policy, while awaiting more evidence that the US economic progress would be sustained before starting any tapering process.
"Given the lack of clarity from the Fed's meeting yesterday,
blue chips sustained profit taking and selling restriction upside," he added.
On the scoreboard, the Finance Index fell 122.28 points to 16,630.27, the Industrial Index slid 4.83 points to 3,141.58 and the Plantation Index rose 3.55 points to 8,614.30.
The FBM Emas Index lost 63.409 points to 12,568.48, the FBMT100 declined 63.33 points to 12,292.74, and the FBM70 Index dipped 39.45 points to 14,294.54.
The FBM Ace Index gave up 21.29 points for 5,695.79.
Total volume rose to 1.89 billion shares worth RM2.19 billion from the 1.70 billion shares worth RM1.80 billion transacted yesterday.
Losers led gainers by 457 to 327, with 440 counters unchanged, 425 untraded and 82 others suspended.
Among actives, Hubline and AT Systematization lost one sen each to 5.5 sen and 24 sen, respectively.
Daya Materials, however, gained 1.5 sen to 40 sen, while The Media Shoppe increased half a sen to 8.5 sen and Xidelang improved one sen to 41 sen.
Of the heavyweights, Maybank lost six sen for RM9.76, while Axiata and Sime Darby declined three sen each to RM6.87 and RM9.53, respectively.
CIMB dwindled 13 sen to RM7.47 and Petronas Chemicals slipped two sen to RM7.11.
Volume on the Main Market declined to 1.39 billion units worth RM2.09 billion from the 1.16 billion units worth RM1.67 billion registered yesterday.
Turnover on the ACE market contracted to 441.51 million shares worth RM102.08 million from the 485.88 million shares valued at RM123.79 million transacted previously.
Warrants decreased to 53.41 million units valued at RM5.64 million from 53.79 million units worth RM4.18 million recorded on Wednesday.
Consumer products accounted for 150.20 million shares on the Main Market, industrial products 187.47 million, construction 41.95 million, trade and services 668.89 million, technology 54.05 million, infrastructure 329.55 million, SPAC 34 million, finance 57.81 million, hotels 1.92 million, properties 131.39 million, plantations 29.17 million, mining 43,000, REITs
4.41 million and closed/fund 111,000.-- Bernama