KUALA LUMPUR: The FBM KLCI failed to hold on to its gains generated in early trade as weaknesses were evident amongst banking and plantation counters.
At 5pm, the benchmark index closed down 4.7 points, or 0.3% at 1,582.19. The index moved between 1,593.57 and 1,581.52 throughout the day.
Sellers led buyers by 574 to 434, while 464 counters traded unchanged. Turnover on Bursa was 4.05 billion shares valued at RM2.76bil.
Foreign investors remained net buyers on Bursa Malaysia with total purchases valued at RM117mil on Wednesday.
Local institutions and retailers sold equities worth RM122mil and RM5mil respectively.
Among the banks, Maybank fell three sen to RM8.27, Public Bank declined one sen to RM4.07, RHB Bank fell 11 sen to RM5.41, CIMB ended two sen higher at RM4.91 and Hong Leong Bank rose 24 sen to RM19.16.
Top Glove fell six sen to RM3.86 and Hartalega lost four sen to RM7.08.
Kuala Lumpur Kepong fell 14 sen to RM21.16, Sime Darby Plantation shed 11 sen to RM4, PPB declined 10 sen to RM18.40 and IOI Corp gave up four sen to RM4.03.
Elsewhere in the region, MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.1%.
Japan’s Nikkei 225 closed up 0.33% at 28,543.51.
South Korea’s Kospi index ended down 31.17 points, or 0.97%, at 3,175.85.
Hong Kong’s Hang Seng Index was up 62.14 points or 0.24% at 26,090.43.
China’s Shanghai Composite index ended 0.84% higher at 3,597.04 while CSI300 index ended almost flat at 4,869.41.