SHARE prices ended mixed yesterday in line with the cautious regional and European market sentiments amid weaknesses in the economic outlook in the United States and Europe, dealers said.
They said there was also a weak follow-through buying interest in the market.
The FBM KLCI finished 1.46 points lower at 1,635.98. The key index, which opened at 1,638.27, hovered between 1,622.81 and 1,639.51 throughout the trading day.
Decliners led advancers by 412 to 254, with 258 counters unchanged, 720 untraded and 24 others suspended.
RHB Retail Research said seeing that the FBM KLCI has rebounded strongly three times near the critical 1,590 support floor since January, there is a possibility of the index being range-bound within the 1,590-1,646 sideways zone in the next two weeks.
"The market is basically consolidating January's about 98-point sharp decline," it said in its research note.
Of the actives, Patimas Computers increased 0.5 sen to 5.5 sen, UEM Land Holdings added 10 sen to RM2.50 and Axiata Group Bhd edged up 20 sen to RM6.38.
As for the heavyweights, Maybank fell five sen to RM9.05, Sime Darby shed two sen to RM9.19 and CIMB Group eased four sen to RM7.20.
Meanwhile, FBM KLCI futures contracts on Bursa Malaysia Derivatives closed lower yesterday, as market sentiments were dampened following weaknesses in the economic outlook in the US and Europe, dealers said.
March 2013 and April 2013 lost 0.5 point to 1,630 and 1,626, respectively, June 2013 slipped 1.5 points to 1,615 and September 2013 shed 9.0 points to 1,611.5.
Turnover totalled 8,982 lots while open interest stood at 38,222 contracts. Bernama