KUALA LUMPUR: Bursa Malaysia ended in negative territory today, influenced by weaker investor sentiment in regional markets after data from the US and China added to evidence of a global economic slowdown.
Losses in plantation and banking stocks pushed the FBM KLCI to close 18.41 points or 1.17% lower at 1,555.18 after hovering between 1,554.65 and 1,566.19.
The US Labour Department reported that the US economy added just 69,000 jobs in May compared to estimates for about 150,000 jobs.
The weaker-than-expected job growth contributed to a modest increase in the unemployment rate, which edged up to 8.2%, marking the first increase since last June.
The National Bureau of Statistics of China and China Federation of Logistics and Purchasing reported that China’s non-manufacturing purchasing managers’ index fell to 55.2 in May from 56.1 in April.
“The weak US economic data added to worries about Europe’s deepening debt crisis and China’s slowing economy drove investors out of riskier assets,” a dealer said.
The Finance Index dropped 98.16 points to 13,930.21, Plantation Index erased 188.51 points to 8,141.27 and the Industrial Index fell 23.56 points to 2,728.92.
The FBM Emas Index erased 138 points to 10,591.15, the FBM ACE Index declined 92.95 points to 4,131.89, and the FBM Mid 70 Index lost 187.81 points to 11,461.63.
Losers led gainers by 674 to 114 while 194 counters were unchanged, 571 untraded and 12 others suspended.
Turnover rose to 677.63 million shares worth RM1.144 billion from 654.35 billion shares worth RM1 billion last Friday.
Volume on the Main Market increased to 475.81 million units worth RM1.112 billion from 438.38 million units worth RM966.52 million last Friday.
Turnover on the ACE Market rose to 115.597 million shares valued at RM21.37 million from 137.12 million shares worth RM21.15 million.
Warrants improved to 85.067 million units worth RM9.5 million from 76.3 million units worth RM11.97 million.
Among heavyweights, Maybank fell nine sen to RM8.60, Sime Darby eased four sen to RM9.63, CIMB erased three sen to RM7.37 and Petronas Chemicals decreased 14 sen to RM6.52.
Of the actives, OSK-CA:CW fell 1.5 sen to 2.5 sen, DSC Solutions was flat at 16.5 sen while OSK Holdings dipped 10 sen to RM1.40.
Consumer products accounted for 39.32 million shares traded on the Main Market, industrial products 87.73 million, construction 18.46 million, trade and services 178.697 million, technology 16.67 million, infrastructure 14.80 million, finance 49.89 million, hotels 731,800, properties 47.62 million, plantations 13.48 million, mining 56,700, REITs 6.86 million and closed/fund 96,200.