SHARES on Bursa Malaysia closed lower yesterday 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.
Among the heavyweights, Maybank trimmed six sen to RM10.24 and 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 yesterday was also influenced by soft regional markets on fresh concerns over the United States Federal Reserve's policy on its bond-buying programme.
The Finance Index slipped 94.46 points to 16,935.8 and the Industrial Index was down 1.03 points to 3,048.24 but 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 suspended.
Turnover eased to 2.13 billion shares worth RM1.78 billion from last Friday's 2.39 billion shares worth RM2.44 billion.
Meanwhile, on Bursa Malaysia Derivatives, the FBM KLCI futures contract closed lower, in tandem with the weaker cash market.
September 2013 fell 0.5 point to 1,791.5, October 2013 slipped one point to 1,794, December 2013 shed three points to 1,790 and March 2014 declined 7.5 points to 1,779.
Turnover declined to 6,991 lots from last Friday's 9,625 lots while open interest reduced to 53,071 contracts from 56,582 contracts, previously. Bernama