The key index fell 0.09 of a point to close at 1,648.13, after opening 0.7 of a point better at 1,648.92.
A dealer said that investors grew weary of waiting for central banks in China and the US to take action to prop up business activity in the world’s number one and two economies.
“The regional markets have been trading at a relatively high level for more than two weeks. The main reason behind the rally was investors expecting bankers to roll out policies,” he said.
Another dealer said that the US Federal Reserve chairman Ben Bernanke’s speech in Wyoming later this month and a German court’s ruling next month on whether the country can participate in a bailout for European countries would likely affect the global stock market performance this week.
The Finance Index dwindled 1.54 points to 14,845.84, the Plantation index surged 50.08 points to 8,641.31 and the Industrial Index erased 3.37 points to 2,881.68.
The FBM Emas Index added 3.38 points to 11,269.64, the FBM 70 Index rose 17.41 points to 12,382.64 and the FBM Ace Index climbed 35.22 points to 4,647.9.
Losers led gainers 414 to 344, 335 counters were unchanged, 538 untraded and 17 others suspended.
Total turnover declined to 1.24 billion shares worth RM1.07 billion, from 1.28 billion shares worth RM1.189 billion registered on Friday.
Volume on the Main Market rose to 771.03 million units valued at RM986.48 million, from 664.312 million units valued at RM1.085 billion transacted on Friday.
Turnover on the ACE Market decreased to 385.76 million shares worth RM72.18 million, from 506.608 million shares worth RM91.786 million previously.
Warrants eased to 71.45 million units valued at RM7.5 million, from 104.510 million units valued at RM11.184 million.
Among volume leaders, Ariantec Global earned half a sen to eight sen, Astral Supreme increased 1.5 sen to 40.5 sen, Scomi Group added 4.5 sen to 29.5 sen while Ingenuity slipped half a sen to 44 sen.
Of the heavyweights, Maybank inched up one sen to RM9.18 while Sime Darby, CIMB and Maxis were flat at RM9.80, RM7.88 and RM7.02, respectively.
Consumer products accounted for 137.28 million shares traded on the Main Market, industrial products 141.72 million, construction 22.78 million, trade and services 313.896 million, technology 19.64 million, infrastructure 12.25 million, finance 35.04 million, hotels 592,600 million, properties 64.05 million, plantations 13.98 million, mining 1,900, REITs 9.71 million and closed/fund 81,600.