SHARES on Bursa Malaysia ended lower yesterday as investors cut risk exposure on heavyweights after the United States Federal Reserve (Fed)'s policy outlook was seen as less dovish than expected, dealers said.
The FTSE Bursa Malaysia KLCI (FBM KLCI) ended 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 activities with investors bearish on the latest decision by the Fed to maintain its quantitative easing policy.
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 63.41 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 fell 21.29 points to 5,695.79.
Total volume rose to 1.89 billion shares worth RM2.19 billion from 1.70 billion shares worth RM1.80 billion on Wednesday, with losers leading gainers by 457 to 327.
Among the actives, Hubline and AT Systematization lost one sen each to 5.5 sen and 24 sen, respectively.
Of the heavyweights, Maybank lost six sen to RM9.76 while Axiata declined three sen to RM6.87.
Meanwhile, FBM KLCI futures contracts on Bursa Malaysia Derivatives saw sharp declines at the close yesterday.
Spot month October 2013 fell 15.5 points to 1806.5 and November 2013 dwindled 16.5 points to 1,808. December 2013 eased 15.5 points to 1,806.5 and March 2014 fell 16.5 points to 1,802.5.
Turnover dwindled to 12,139 lots from 21,332 lots, while open interest fell to 58,050 contracts from 68,067 contracts on Wednesday. Bernama