KUALA LUMPUR: Share prices on Bursa Malaysia ended sharply lower today on profit-taking amid the uncertainty in the short-term market outlook, dealers said.
The FBM KLCI fell 16.25 points, or 1.1 per cent, to close at 1,475.64, after opening 7.76 points lower at 1,484.13.
The benchmark index hovered between 1,474.61 and 1,485.9 as continuous selling pressure dragged it into negative territory.
Dealers said the market started the new trading month on broadly weaker sentiment led by the consumer and services sectors.
The manufacturing sector was also affected after the release of weak manufacturing figures from China.
China's purchasing managers index for October fell to 50.4 in October from 51.2, reflecting the slow pace of China's manufacturing expansion.
TA Securities senior technical analyst, Stephen Soo, said the market has reached 'overbought' position after a strong rally, so profit-taking was not a surprise.
"The investors also took their cues from Wall Street's losses due to weak leads from European markets as Greece government announced that the country would hold a referendum on a new aid package," he told Bernama here today.
The overall market sentiment was negative with losers led gainers by 583 to 198 while 213 counters were unchanged, 476 untraded and 20 others suspended.
Trading was moderate with a volume of 1.19 billion shares worth RM1.29 billion compared with 1.33 billion shares worth RM1.58 billion yesterday.
The Finance Index fell 60.83 points to 13,433.37, Industrial Index eased 33.40 points to 2,692.24 and the Plantation Index dropped 80.34 points to 7,484.96.
The FBM Emas decreased 116.61 points to 10,052.71 and the FBM 70 Index declined 148.39 points to 10,806.78.
The FBMT100 fell 114.42 points to 9,873.79 and the FBM Ace Index slipped 48.07 points to 3,983.37.
Among losers, Panasonic Manufacturing fell 32 sen to RM19.70, Litrak dropped 17 sen to RM3.47 and Innoprise Plantations slipped 15 sen to RM1.35.
Of the actives, GPRO rose 5.5 sen to 24.5 sen, MBSB-Wa increased half sen to 91 sen and Maxbiz gained three sen to 12 sen.
Among top gainers, F&N rose 20 sen to RM17.20, Hong Leong Bank increased 12 sen to RM10.72 and Jaya Tiasa added 11 sen to RM5.82.
In heavyweights, Maybank gained one sen to RM8.37, CIMB lost eight sen to RM7.49 and Sime Darby was down five sen to RM8.85.
Volume on the Main Market decreased to 916.54 million shares valued at RM1.25 billion from 1.06 billion shares valued at RM1.54 billion on Monday.
Turnover on the ACE market increased to 166.23 million units worth RM27.52 million from 156.02 million units worth RM26.49 million previously.
Warrants slipped to 107.83 million shares valued at RM10.16 million from 111 million units valued at RM8.38 million yesterday.
Consumer products accounted for 64.55 million shares traded on the Main Market, industrial products 212.6 million, construction 47.63 million, trade and services 271.32 million, technology 36.63 million, infrastructure 16.4 million, finance 136.63 million, hotels 458,600, properties 91.7 million, plantation 28.79 million, mining 33,000, REITs 2.49 million and closed/fund 27,000. - Bernama
The FBM KLCI fell 16.25 points, or 1.1 per cent, to close at 1,475.64, after opening 7.76 points lower at 1,484.13.
The benchmark index hovered between 1,474.61 and 1,485.9 as continuous selling pressure dragged it into negative territory.
Dealers said the market started the new trading month on broadly weaker sentiment led by the consumer and services sectors.
The manufacturing sector was also affected after the release of weak manufacturing figures from China.
China's purchasing managers index for October fell to 50.4 in October from 51.2, reflecting the slow pace of China's manufacturing expansion.
TA Securities senior technical analyst, Stephen Soo, said the market has reached 'overbought' position after a strong rally, so profit-taking was not a surprise.
"The investors also took their cues from Wall Street's losses due to weak leads from European markets as Greece government announced that the country would hold a referendum on a new aid package," he told Bernama here today.
The overall market sentiment was negative with losers led gainers by 583 to 198 while 213 counters were unchanged, 476 untraded and 20 others suspended.
Trading was moderate with a volume of 1.19 billion shares worth RM1.29 billion compared with 1.33 billion shares worth RM1.58 billion yesterday.
The Finance Index fell 60.83 points to 13,433.37, Industrial Index eased 33.40 points to 2,692.24 and the Plantation Index dropped 80.34 points to 7,484.96.
The FBM Emas decreased 116.61 points to 10,052.71 and the FBM 70 Index declined 148.39 points to 10,806.78.
The FBMT100 fell 114.42 points to 9,873.79 and the FBM Ace Index slipped 48.07 points to 3,983.37.
Among losers, Panasonic Manufacturing fell 32 sen to RM19.70, Litrak dropped 17 sen to RM3.47 and Innoprise Plantations slipped 15 sen to RM1.35.
Of the actives, GPRO rose 5.5 sen to 24.5 sen, MBSB-Wa increased half sen to 91 sen and Maxbiz gained three sen to 12 sen.
Among top gainers, F&N rose 20 sen to RM17.20, Hong Leong Bank increased 12 sen to RM10.72 and Jaya Tiasa added 11 sen to RM5.82.
In heavyweights, Maybank gained one sen to RM8.37, CIMB lost eight sen to RM7.49 and Sime Darby was down five sen to RM8.85.
Volume on the Main Market decreased to 916.54 million shares valued at RM1.25 billion from 1.06 billion shares valued at RM1.54 billion on Monday.
Turnover on the ACE market increased to 166.23 million units worth RM27.52 million from 156.02 million units worth RM26.49 million previously.
Warrants slipped to 107.83 million shares valued at RM10.16 million from 111 million units valued at RM8.38 million yesterday.
Consumer products accounted for 64.55 million shares traded on the Main Market, industrial products 212.6 million, construction 47.63 million, trade and services 271.32 million, technology 36.63 million, infrastructure 16.4 million, finance 136.63 million, hotels 458,600, properties 91.7 million, plantation 28.79 million, mining 33,000, REITs 2.49 million and closed/fund 27,000. - Bernama
