Share prices on Bursa Malaysia closed lower today following the weaker performance on regional markets as the foreign fund exodus continued, dealers said.
At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 2.24 points to close at 1,825.24, after moving between 1,822.68 and 1,828.23 throughout the day.
A dealer said Asian stocks were less impressive as funds continued to flow into European markets, anticipating a sustained recovery in the Eurozone going forward.
He said apart from the exodus of foreign funds, local traders were cautious towards the end of corporate results announcements next week.
"Whilst it has been a mixed bag so far, we wait anxiously if there will be more broad-based downgrades come March.
"In the meantime, we still advocate a cautious stance and see some profit taking with 1,820 to be the FBM KLCI near-term support level," he said.
On the scoreboard, the Finance Index lost 20.17 points to 16,554.61 and the Plantation Index fell 26.409 points to 8,584.15, while the Industrial Index increased 10.4 points to 3,117.08.
The FBM Emas Index erased 9.689 points to 12,629.73, and the FBMT100 Index dropped 10.989 points to 12,301.44.
The FBM 70 ended 3.75 points better at 13,834.61 and the FBM Ace perked 19.15 points to 6,441.13.
Market breadth was negative as losers outnumbered gainers 454 to 393, while 307 counters were unchanged, 462 untraded and 26 others suspended.
Volume fell to 2.86 billion shares worth RM2.3 billion from 3.63 billion shares worth RM2.57 billon on Monday.
Among actives, Sumatec added half-a-sen to 33 sen, Scomi advanced 2.5 sen to 47.5 sen and Zelan gained 1.5 sen to 24 sen, while Minetech lost 2.5 sen to 29 sen and PDZ erased one sen to 12.5 sen.
Of the heavyweights, Maybank and CIMB were flat at RM9.75 and RM7.10 respectively, Sime Darby added one sen to RM9, while TNB lost two sen to RM12.16 and Axiata slipped one sen to RM6.54.
Main Market volume fell to 2.32 billion units worth RM2.17 billion from Monday's 2.96 billion units worth RM2.4 billion.
Turnover on the ACE market declined to 500.43 million shares valued at RM129.22 million from 631.49 million shares valued at RM161.12 million previously.
Warrants increased to 30.32 million units worth RM2.87 million from 30.22 million units worth RM3.09 million yesterday.
Consumer products accounted for 103.13 million shares traded on the Main Market, industrial products 482.84 million, construction 176.43 million, trade and services 978.48 million, technology 80.01 million, infrastructure 32.75 million, SPAC 123.20 million, finance 34.46 million, hotels 487,200, properties
267.59 million, plantations 22.31 million, mining 12,000, REITs 21.35 million and closed/fund 7,000.-- Bernama