At 5pm, the benchmark FBM KLCI eased 3.96 points to end at 1,625.49, after opening 0.63 of a point lower at 1,628.82, with heavy participation by local institutions.
TA Securities senior technical chartist, Stephen So, said the local index saw some profit-taking amid the selling pressure with the market overbought recently.
He said external uncertainties also continued to hurt investors’ appetite to take more risk in the market.
Amid the blurry progress in US with its stimulus package, further concerns have been raised with Australia unveiling an unexpected drop in its employment data, he told Bernama.
Back home, the market also saw selected plantation counters like Felda Global Ventures and TDM in the top losers list today as investors went on profit taking after the recent gains.
Meanwhile, the local bourse in a statement today announced that Sozo Global Ltd has changed to a new name, HB Global Ltd, and with that its stock short name has been changed to HBGLOB from SOZO.
The company’s shares were traded and quoted under the new name effective 9am today.
The Finance Index slipped 13.38 points to 14,595.47 and the Plantation Index was down 44.561 points to 8,872.05 and the Industrial Index eased 5.89 points to 2,862.38.
The FBM Emas lost 31.29 points to 11,125.66, the FBM 70 Index shed 58.181points to 12,251.80 and the FBM Ace Index fell 89.07 points to 4,355.54.
Losers led gainers by 478 to 289 while 341 counters were unchanged, 468 untraded and 11 others suspended.
Turnover declined to 1.279 billion shares worth RM1.681 billion from 1.34 billion shares worth RM2.49 billion yesterday.
Of the actives, Naim Indah rose 1.5 sen to 34 sen, Harvest Court Industries added six sen to 60.5 sen and Astral Supreme earned a sen to 21 sen.
Among the heavyweights, Maybank, Sime Darby, CIMB and Petronas Chemicals were unchanged at RM8.76, RM9.95, RM7.86 and RM6.56 respectively.
Volume on the Main Market declined to 959.578 million units valued at RM1.627 billion from one billion units valued at RM2.43 billion yesterday.
Turnover on the ACE Market fell to 193.186 million shares worth RM34.897 million from 219.50 million shares worth RM40.42 million previously.
Warrants eased to 117.051 million units valued at RM16.99 million from 118.36 million units valued at RM19.67 million yesterday.
Consumer products accounted for 70.113 million shares traded on the Main Market, industrial products 267.194 million, construction 58.081 million, trade and services 315.577 million, technology 38.976 million, infrastructure 19.205 million, finance 58.457 million, hotels 221,800 million, properties 68.149 million, plantations 36.451 million, mining 13,400, REITs 27.114 million and closed/fund 21,000.