KUALA LUMPUR, May 3 — Bursa Malaysia closed sharply lower today on heavy profit-taking centred mainly on heavyweights, dealers said.
The FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 18.69 points, or 1.09 per cent, to end the day at 1,694.77 points. The key index fluctuated between 1,685.28 and 1,712.03 throughout the day.
Total volume rose to 933.243 million shares worth RM2.315 billion from the 809.002 million shares worth RM1.986 billion yesterday.
Inter-Pacific Research Sdn Bhd head of research, Pong Teng Siew, said the market was comfortable up until this morning. After that, investors started to sell to avoid uncertainties ahead of the general elections on Sunday, he said.
“Judging from the volume transacted today, it showed that sellers dominated the market,” he told Bernama.
He said the weak buying momentum was also weighed by weaknesses in the regional markets due to renewed concern over the global economic situation.
On the scoreboard, the Finance Index lost 88.75 points to 15,851.46, Plantation Index fell 112.67 points to 7,963.91 and the Industrial Index dipped 22.59 points to 2,836.02.
The FBM Emas Index declined 107.66 points to 11,556.97, FBMT100 decreased 108.61 points to 11,405.92, FBM Mid 70 Index lost 49.91 points to 12,761.38 and the FBM Ace Index fell 28.62 points to 3,902.12.
Losers outpaced gainers by 544 to 236, with 289 counters unchanged, 542 untraded and 32 others suspended.
Leading the gainers was Danainfra Nasional-ETBS, which rose 30 sen to RM102.10 with 140,500 shares traded.
Axiata Group, which topped the actives list, fell by 14 sen to RM6.60 and Malaysia Airlines declined half a sen to 36 sen. UEM Land rose eight sen to RM2.64.
Of the heavyweights, Maybank lost three sen to RM9.59, CIMB Group declined 14 sen to RM7.61 and Sime Darby fell two sen to RM9.36.
Volume on the Main Market increased to 803.78 million shares valued at RM2.28 billion from 702 million shares valued at RM1.96 billion yesterday.
Turnover on the ACE market rose to 90.52 million units worth RM15.37 million from 83.281 million units worth RM18.271 million previously.
Warrants increased to 37.62 million shares valued at RM3.197 million from 22.467 million shares valued at RM2.139 million yesterday.
Consumer products accounted for 66.135 million shares on the Main Market, industrial products 99.67 million, construction 45.82 million, trade and services 322.09 million, technology 26.02 million, infrastructure 29.89 million, SPAC 10.57 million, finance 76.04 million, hotels 1.05 million, properties 100.75 million, plantations 17.64 million, mining 70,400, REITs 7.604 million and closed/fund 444,900. — Bernama