The losses in the plantation and banking stocks pushed the FTSE Bursa Malaysia KLCI (FBM KLCI) to close 7.08 points, or 0.45%, lower at 1,573.59, after hovering between 1,571.05 and 1,576.67 throughout the day.
The Finance Index dropped 95.37 points to 14,028.37, Plantation Index erased 48.79 points to 8,329.78 and the Industrial Index fell 10.23 points to 2,752.48.
The FBM Emas Index erased 33.52 points to 10,729.15 and the FBM ACE Index declined 30.32 points to 4,224.84.
The FBM Mid 70 Index added 20.25 points to 11,649.44.
European Central Bank president, Mario Draghi, said the bank could not fix the turmoil in the bloc and urged eurozone leaders to come up with a “vision” for years ahead.
Also, the US economy grew more slowly than thought in the first quarter and lacklustre jobs numbers suggested a sluggish second quarter that would do little to help the troubled labour market.
A dealer said the Asian bourses were expected to follow the weaker sentiment in the European and US markets.
Losers led gainers by 363 to 303 while 310 counters were unchanged, 527 untraded and 15 others were suspended.
Turnover rose to 654.35 million shares worth RM1 billion from 1.24 billion shares worth RM1 billion yesterday.
Volume on the Main Market declined to 438.38 million units worth RM966.52 million from 957.33 million units worth RM2.86 billion yesterday.
Turnover on the ACE Market fell to 137.12 million shares valued at RM21.15 million from 162.1 million shares worth RM22.65 million yesterday.
Warrants slipped to 76.3 million units worth RM11.97 million from 112.62 million units worth RM16.39 million previously.
Among heavyweights, Maybank fell six sen to RM8.69, Sime Darby eased one sen to RM9.67, Petronas Chemicals decreased four sen to RM6.66 and CIMB erased 10 sen to RM7.40.
Of the actives, Sapura Kencana improved two sen to RM2.23, Global Tec fell half sen to 10 sen and Key West Global eased four sen to 7.5 sen.
Among the top gainers, Nestle jumped 66 sen to RM53.88, Ekovest added 29 sen to RM2.75, Goldis advanced 24 sen to RM2.30 and Top Glove was 22 sen higher at RM4.69.
Consumer products accounted for 44.19 million shares traded on the Main Market, industrial products 110.82 million, construction 10.45 million, trade and services 153.44 million, technology 20.15 million, infrastructure 14.54 million, finance 31.88 million, hotels 588,900, properties 40.57 million, plantations 76.56 million, mining 5,000, REITs 3.2 million and closed/fund 100,000.