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KUALA LUMPUR: Despite opening higher at the start of the opening bell, the FBM KLCI succumbed to profit taking activities as the key index lingered mostly in the negative territory.
At closing, the market bellwether fell 11.42 points, or 0.79% to 1,440.11 after hitting an intraday high of 1,451.72.
The local market cooled following two days of gains as investors moved to take profits.
Sellers led buyers by 466 to 379, while 489 counters traded unchanged. Volume was 3.2 billion shares, valued at RM1.97bil.
In terms of fund flows, foreign funds and retailers were net sellers on Tuesday offloading equities worth RM63mil and RM21mil respectively.
Local institutions emerged as net buyers with total purchases valued at RM84mil.
Amongst the biggest decliners of the day were Nestle, which slid 60 sen to RM130.90, Hong Leong Financial Group, which lost 36 sen to RM18.36 and Kuala Lumpur Kepong, which fell 28 sen.
Banks were also hit with Maybank sliding two sen to RM8.99, Public Bank falling five sen to RM4.08, RHB Bank losing five sen to RM5.65, AmBank declining six sen to RM3.67 and CIMB closed unchanged at RM5.58.
Among the gainers, Panasonic Manufacturing
rose 14 sen to RM21.28, Malayan Cement gained 14 sen to RM3.98, Ayer added 10 sen to RM7 and Boustead Plantations climbed nine sen to RM1.37.
Perdana Petroleum, the most active counters on Bursa Malaysia, rose five sen, or 27.03% to 23.5 sen with 202.52 million shares traded.
Elsewhere in the region, Japan’s Nikkei 225 rose 0.48%, South Korea’s Kospi closed down 0.41%, China’s Shanghai Composite index was down 1.34% and Hong Kong’s Hang Seng Index ended up 0.31%.
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