At close, the FTSE Bursa Malaysia KLCI (FBM KLCI) lost 4.69 points to 1,570.62 after hovering between 1,568.89 and 1,576.52.
A dealer said the local bourse’s weak performance was also in tandem with other Asian stock markets on renewed concerns over the economic situation in the eurozone and US.
“Investors were also reluctant to hold positions ahead of the weekend amid lack of market leads as China’s unexpected interest rate cut has contributed to the uncertainty over the strength of the world’s second largest economy,” he added.
The Finance Index fell 6.86 points to 14,068.21, the Plantation Index declined 57.33 points to 8,300.66 while the Industrial Index increased 10.87 points to 2,779.27.
The FBM Emas Index erased 30.38 points to 10,705.57 and the FBM Mid 70 Index dropped 19.88 points to 11,640.25, while the FBM ACE Index gained 17.01 points to 4,222.22.
Market breadth was negative with decliners leading advancers by 376 to 288 while 327 counters were unchanged, 563 untraded and 20 others suspended.
Turnover fell to 576.86 million shares worth RM988.39 million from the 779.75 million shares worth RM1.45 billion yesterday.
Volume on the Main Market decreased to 368.98 million units worth RM952.06 million from the 524.64 million units worth RM1.405 billion yesterday.
Turnover on the ACE Market declined to 99.84 million shares valued at RM19.92 million from 160.90 million shares worth RM27.68 million previously.
Warrants fell to 105.45 million units worth RM15.93 million from 93.75 million units worth RM12.72 million.
Of the heavyweights, Maybank and Sime Darby lost two sen each to RM8.70 and RM9.69, respectively, and CIMB erased one sen to RM7.49.
Among active counters, Media Prima was flat at RM2.22, Affin-CG:CW rose 1.5 sen to 15 sen while DSC Solutions was unchanged at 18 sen.
Consumer products accounted for 19.97 million shares traded on the Main Market, industrial products 56.64 million, construction 9.29 million, trade and services 168.12 million, technology 10.79 million, infrastructure 6.97 million, finance 48.02 million, hotels 182,800, properties 35.85 million, plantations 10.01 million, mining nil, REITs 2.58 million and closed/fund 3,000.