KUALA LUMPUR, July 3 — Bursa Malaysia ended lower today on profit-taking on selected heavyweights and lower-liners ahead of the introduction of FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) next week, dealers said.
The Kuala Lumpur Composite Index (KLCI) fell 6.02 points, or 0.558 percent, to close at 1,072.69, dragged down by losses mostly in IJM Corp and Hong Leong Bank.
Dealers said gains in Tenaga Nasional, however, managed to cap some of the losses.
The KLCI, which opened 8.46 points lower at 1,070.25, moved between 1,067.84 and 1,077.43 throughout the day.
The Plantation Index declined 31.78 points to 5,375.84, the Finance Index lost 46 points to 8,542.12 and the Industrial Index was 13.43 points lower at 2,375.51.
The FBMEmas Index decreased 13.86 points to 7,208.01 and the FBMMesdaq Index slipped 22.67 points to 3,976.31.
The FBM2BRD Index rose 35.32 points to 4,725.07 and the FBM30 Index increased 12.7 points to 6,987.67
Gainers led losers by 284 to 280 while 207 counters were unchanged, 455 untraded and 34 suspended.
With the introduction of FBM KLCI, the current FTSE Bursa Malaysia Large 30 Index would be retired.
Financial products using the FTSE Bursa Malaysia Large 30 Index and KLCI, FBM30etf, KLCI Futures and KLCI Options, would adopt FBM KLCI as its underlying index.
Meanwhile, FTSE Bursa Malaysia 100 Index would be renamed FTSE Bursa Malaysia Top 100.
A dealer said instead of tracking 100 stocks, the FBM KLCI would be made up of the 30 largest listed companies by market value, with at least a 15 percent free float.
He said profit-taking was seen in counters that would not be in the FBM KLCI list on Monday.
IJM Corp lost 50 sen to RM5.30 and Hong Leong Bank shed 25 sen to RM5.40.
Among the actives, Talam Corp-RCPS fell 1.5 sen to 6.5 sen, Talam Corp eased one sen to 9.5 sen and KNM Group added 1.5 sen to 79 sen.
In heavyweights, Sime Darby was unchanged at RM7.25, Maybank added five sen to RM5.75, Bumiputra-Commerce eased five sen to RM9.50 and Tenaga gained 15 sen to RM7.75.
Total volume rose to 1.097 billion shares worth RM983.826 million from 906.716 million shares worth RM1.158 billion yesterday.
The Main Board volume rose to 991.288 million shares valued at RM956.462 million from 803.259 million shares valued at RM1.129 billion yesterday.
Turnover on the Second Board increased to 56.459 million units worth RM17.432 million from 52.452 million units worth RM17.781 million previously.
Mesdaq volume eased to 28.261 million shares valued at RM4.574 million from 28.62 million units valued at RM4.427 yesterday.
Warrants improved to 14.846 million units worth RM2.663 million from 12.748 million units worth RM2.144 million previously.
On a sectoral basis, consumer products accounted for 23.179 million shares traded on the Main Board, industrial products 138.601 million, construction 43.702 million, trade/services 275.442 million, technology 7.407 million, infrastructure 35.426 million, finance 38.37 million, hotels 1.723 million, properties 406.511 million, plantations 17.713 million, mining nil, REITs 3.319 million and closed/fund 75,400. – Bernama
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