After hovering between 1,619.08 and 1,633.65 today, the FTSE Bursa Malaysia KLCI (FBM KLCI) ended 1.89 points or 0.12% lower at 1,663.7.
Etiqa Insurance & Takaful Bhd’s head of research, investment management division, Chris Eng, said investors’ focus shifted to newly listed IGB REIT, whose stock rose 14 sen or 11.2% to RM1.39 with some 236.16 million shares changing hands.
“IGB Reit appeared as the most active stock, accounting for a quarter of today’s trading volume,” he told Bernama today.
However, he said, market talk about a casino tax increase under Budget 2013, which will be tabled on Sept 28, has weakened the Genting stocks, whose price declined 10 sen or 1.14% to RM8.70.
“Meanwhile, Axiata’s share prices were lowered by profit-taking activity,” he added.
The Finance Index rose 12.58 points to 14,590, the Plantation Index lost 45.03 points to 8,279.28 and the Industrial Index eased 12.55 points to 2,802.84.
The FBM Emas Index fell 9.5 points to 11,048.67, the FBM Mid 70 Index declined 10.73 points to 11,982.13, while the FBM Ace shed 4.42 points to 4,328.48.
Losers led gainers by 350 to 337 while 366 counters were unchanged, 585 untraded and 16 others suspended.
Total turnover was higher at 1.08 billion shares worth RM1.91 billion from 899.29 million shares valued at RM1.46 billion yesterday.
Among active counters, Ingenuity Solutions was flat at 11.5 sen, AsiaEP eased half a sen to one sen, Ho Wah Genting increased 5.5 sen to 36 sen and I-Power earned half a sen to 8.5 sen.
As for heavyweights, Maybank and Sime Darby rose one sen each to RM9.15 and RM9.79, respectively, Petronas Chemicals improved eight sen to RM6.54 but CIMB was down two sen to RM7.53.
Volume on the Main Market rose to 812.74 million units worth RM1.88 billion, from 651.39 million units worth RM1.43 billion yesterday.
Turnover on the ACE Market advanced to 204.84 million shares valued at RM22.99 million, from 198.93 million shares worth RM27.13 million yesterday.
Warrants went up to 54.82 million units worth RM6.21 million, from 45.07 million units valued at RM2.74 million yesterday.
Consumer products accounted for 51.02 million shares traded on the Main Market, industrial products 111 million, construction 22.41 million, trade and services 227.69 million, technology 14.19 million, infrastructure 15.95 million, finance 53.54 million, hotels 822,400, properties 46.62 million, plantations 27.02 million, mining 2,000, REITs 242.43 million and closed/fund 55,000.