THE FTSE Bursa Malaysia KLCI (FBM KLCI) closed trading yesterday at the day's high of 1,770.8 amid improved market sentiment.
The benchmark index slipped 1.6 points from Thursday's close at 1,772.4 after undergoing four days of strong rally. Overall, the market was steady despite mild profit-taking led by oil and gas stocks.
Inter-Pacific Research Sdn Bhd research head Pong Teng Siew said trading was a little bit yo-yo but the market had been holding up quite well compared with other regional markets.
The Industrial Index slipped 6.29 points to 3,005.75, the Finance Index eased 0.02 of a point to 16,587.4 while the Plantation Index increased 20.36 points to 8,330.75.
The FBM Emas Index declined 11.391 points to 12,274.59, the FBMT100 was 10.01 points lower at 12,028.2, the FBM 70 Index dropped 8.09 points to 13,907.72 and the FBM ACE Index shed 23.10 points to 5,094.39.
Losers led decliners by 390 to 300, with 311 counters unchanged, 587 untraded and 21 others suspended.
Turnover declined to 1.23 billion units worth RM1.38 billion from 1.46 billion shares worth RM1.75 billion.
Among the oil and gas counters, SapuraKencana dropped six sen to RM3.61 and Petronas Dagangan lost 34 sen to RM28.
Meanwhile, FBM KLCI futures contracts on Bursa Malaysia Derivatives closed slightly easier in line with lower cash market.
September 2013 was unchanged at 1,765, October 2013 slipped one point to 1,765, December 2013 declined 5.5 points to 1,760 and March 2014 decreased 3.5 points to 1,750.
Turnover rose to 7,239 lots from 6,086 lots on Thursday, while open interest rose to 50,266 contracts from 49,424 contracts. Bernama