Share prices on Bursa Malaysia closed lower today weighed down by losses in blue chips despite robust trading in small cap and penny stocks, dealers said.
At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was down 1.64 points to close at 1,827.81, after moving between 1,822.79 and 1,830.18 throughout the day.
A dealer said small cap and penny stocks dominated the day's trading with strong rotational interest boosting retail participation, but was offset by a series of losses in blue chips amid concerns over US stimulus cuts.
Among bluechips, Nestle lost 52 sen to RM65.60, Petronas Gas shed 36 sen to RM23.14 and Guinness Anchor fell 34 sen to RM14.86.
On the scoreboard, the Finance Index rose slightly by 0.01 points to 16,571.11, while the Plantation Index dipped 86.319 points to 8,825.24, and the Industrial Index decreased 4.25 points to 3,119.4.
The FBM Emas Index erased 19.46 points for 12,649.06, the FBMT100 Index eased 19.61 points to 12,310.77 and the FBM 70 contracted 55.33 points to 13,813.88.
The FBM Ace jumped 43.85 points to 6,573.66.
Market breadth was negative as losers outnumbered gainers 450 to 379, while 332 counters were unchanged, 463 untraded and 27 others suspended.
Volume fell to 2.99 billion shares worth RM2.5 billion from 3.28 billion shares worth RM2.39 billion yesterday.
Among actives, Luster Industries and Nextnation Communication added one sen each to 11.5 sen and 14 sen respectively, while Minetech dropped six sen to 21.5 sen and MAS and PDZ lost one sen each to 28 sen and 12 sen respectively.
Of the heavyweights, Maybank and CIMB were flat at RM9.75 and RM7.11 respectively, while TNB lost 12 sen to RM11.98 and Axiata eased two sen to RM6.53.
Sime Darby was up one sen to RM9.01.
Volume fell to 2.43 billion shares worth RM2.36 billion from 2.61 billion units worth RM2.24 billion on Wednesday.
Turnover on the ACE market contracted to 501.74 million shares valued at RM125.54 million from 629.37 million shares valued at RM133.74 million previously.
Warrants increased to 43.77 million units worth RM4.61 million from 32.77 million units worth RM3.52 million yesterday.
Consumer products accounted for 140.4 million shares traded on the Main Market, industrial products 928.39 million, construction 60.67 million, trade and services 750.68 million, technology 74.01 million, infrastructure 38.2 million, SPAC 54.03 million, finance 56.72 million, hotels 3.35 million,
properties 262.53 million, plantations 47.51 million, mining 34,000, REITs 21.64 million and closed/fund 10,800.-- Bernama