KUALA LUMPUR, May 29 — Shares on Bursa Malaysia ended the week on a bearish note today with the benchmark index 8.04 points lower, as losses in heavyweights continue weighing on it.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,747.52 after hovering between 1,746.06 and 1,755.82 throughout the day.

Losers outpaced gainers by 424 to 370, while 310 counters were unchanged, 719 untraded and 27 others suspended.

Total volume rose to 2.23 billion units worth RM3.69 billion from 1.61 billion units worth RM1.9 billion yesterday.

Leading the top losers list, British American Tobacco lost 95 sen to RM62, Public Bank shed 46 sen to RM18.50, and Kuala Lumpur Kepong depreciated 30 sen to RM20.70.

Kenanga Research said investor sentiment remained sluggish due to an upcoming sovereign rating review and weakening of the ringgit over the week.

“Key indicators still show no signs of revival as they remain in their respective oversold regions,” the research firm said in a note.

For other heavyweights, Maybank eased 8.0 sen to RM9.03, Axiata declined 1.0 sen to RM6.58, Sime Darby lost 17 sen to RM8.32, while Tenaga bucked the trend in adding 2.0 sen to RM13.36.

Among actives, K-One was 14.5 sen lower at 30.5 sen, UEM Sunrise decreased 1.0 sen to RM1.03 and Westports depreciated 4.0 sen to RM4.23.

 On the scoreboard, the FBM Emas Index declined 36.74 points to 12,097.37, the FBMT100 Index lost 34.26 points to 11,784.11, the FBM Emas Syariah Index declined 21.12 points to 12,576.45 and the FBM Ace was 66.68 points lower at 6,548.59.

The FBM 70, however, added 37.46 points to 13,278.88.

The Finance Index declined 89.66 points to 15,595.67, the Industrial Index shed 14.87 points to 3,183.62, and the Plantation Index lost 47.03 points to 7,268.23.

Main Market volume increased to 1.41 billion shares worth RM3.48 billion from 875.59 million shares worth RM1.69 billion yesterday.

Turnover on the ACE Market increased to 648.28 million shares worth RM163.54 million from 580.39 million shares worth RM158.6 million on Thursday.

Warrants rose to 165.46 million shares worth RM47.45 million from 159.87 million shares worth RM53.73 million previously.

Consumer products accounted for 54.74 million shares traded on the Main Market, industrial products (167.61 million), construction (55.95 million), trade and services (642.05 million), technology (89.06 million), infrastructure (45.95 million), SPAC (17.72 million), finance (80.29 million), hotels (977,000), properties (219.43 million), plantations (36.51 million), mining (12,000), REITs (90.08 million), and closed/fund (1,000). — Bernama