The underlying FTSE Bursa Malaysia KLCI (FBM KLCI) fell 8.31 points to 1,631.12.
The benchmark index, which opened at 1,640.56, hovered between 1,631.12 and 1,641.66 throughout the day.
Mining, small-capitalised and fledgling counters recorded gains, while the palm oil plantation sector, the biggest loser, fell 158.979 points.
“The KLCI came under selling pressure in late trading. It could also be a case of profit taking on selected stocks,” MIDF Research, senior vice-president Zulkifli Hamzah told Bernama.
Regionally, most markets were in the green zone except the KLCI and Singapore’s Straits Times Index which closed lower today, which may imply rotational forces at work, he said.
“We are not perturbed with the decline as it does not suggest an onset of any major downtrend in the market,” he said.
Zulkifli said the earnings reporting season should gain momentum in a couple of weeks’ time and there were plenty of positives to look forward to.
Banks, for example, are expected to report another set of good numbers for the second quarter, he said.
The Finance Index declined 43.909 points to 14,668.86, the Plantation Index fell 38.92 points to 8,661.89 and the Industrial Index was 34.2 points lower at 2,829.26.
The FBM Emas Index went down 55.04 points to 11,170.21, the FBMT100 decreased 57.819 points to 10,988.44 and the FBM Ace Index was 63.06 points lower at 4,436.35.
Decliners led advancers by 444 to 317 while 327 counters closed unchanged, 523 untraded and 21 others suspended.
Total volume rose to 1.414 billion shares valued at RM2.033 billion compared with yesterday’s 1.078 billion shares worth RM1.536 billion.
Among active stocks, IHH Healthcare rose six sen to RM3.25, GPRO Technologies lost 17.5 sen to 12.5 sen and Patimas fell half sen to three sen.
Of the heavyweights, Maybank was flat at RM8.86 sen, Sime Darby lost one sen to RM9.80 and CIMB declined five sen to RM7.83.
Among the top gainers, Dutch Lady gained 68 sen to RM40.68, Nestle added 40 sen to RM60.50 and Petrol One increased 28 sen to 98 sen.
Of the top losers, IJM Plantations, DiGi and Multi-Usage fell five sen each to RM3.45, RM4.63 and 33 sen respectively.
The Main Market volume rose to 1.002 billion shares valued at RM1.969 billion from 733.149 million units worth RM1.479 billion recorded yesterday.
Turnover on the ACE Market also increased to 327.931 million units valued at RM53.721 million from 269.233 million shares worth RM46.337 million.
Warrants improved to 75.469 million units valued at RM8.729 million from yesterday’s 73.738 million units worth RM10.376 million.
Consumer products accounted for 43.753 million shares traded on the Main Market, industrial products 208.693 million, construction 27.58 million, trade and services 421.221 million, technology 113.636 million, infrastructure 10.745 million, finance 53.595 million, hotels 354,400, properties 86.330 million, plantations 24.37 million, mining 13,600, REITs 12.331 million and closed/fund 127,500.