KUALA LUMPUR, April 11 — Bursa Malaysia ended marginally lower today, with the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) down 3.12 points, or 0.18 per cent, at 1,715.28, on mild profit-taking in heavyweight stocks. 

The FBM KLCI opened 2.21 points lower at 1,716.19 from its close on Friday of 1,718.40, and eased to as low as 1,709.42.

A dealer said the overbought market had resulted in profit-taking as the FBM KLCI could not break the key 1,727 resistance last week.

“Investors took profits on fear major central banks might pursue divergent monetary policies that may pressure stocks later this week.

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“Beijing might continue with its loose monetary policies, but Tokyo may tighten policies following yen’s strength, which resumed its march against the US dollar towards the 107 level,” he said.

Another dealer said the local bourse remained cautious after Petronas announced it would further cut its capital expenditure and operating expense by another RM50 billion over the next four years, given the prevailing low global crude oil prices.

On the broader market, losers outpaced gainers by 482 to 293, with 380 counters unchanged, 556 counters untraded and 10 others suspended.

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Total volume expanded to 1.50 billion shares worth RM1.48 billion from 1.44 billion shares worth RM1.82 billion last Friday.

Of the heavyweights, Maxis declined 10 sen to RM6.03, Genting Malaysia dipped 11 sen to RM4.49 and RHB Capital lost 4 sen to RM5.94. Digi.com bagged 8 sen to RM4.85 and Sime Darby climbed 5 sen to RM7.90.

Among active stocks, Vivocom rose 1 sen to 32 sen, Eka Noodles and Vivocom warrant (B) were each flat at 13.5 sen and 14 sen respectively, while EA Holdings added 1.5 sen to 12.5 sen.

The FBM Emas Index declined 31.93 points to 11,920.61, FBMT100 Index eased 29.89 points to 11,616.58 and the FBM Emas Shariah Index fell 29.08 points to 12,512.95. The FBM 70 slipped 65.69 points to 13,272.30. The FBM Ace added 32.16 points to 5,739.45.

Sector-wise, the Finance Index fell 49.75 points to 14,822.79, Industrial Index declined 2.97 points to 3,262.96 and the Plantation Index slipped 11.15 points to 7,810.37.

Main Market turnover surged to 881.96 million units worth RM1.38 billion from Friday’s 833.80 million units worth RM1.71 billion.

ACE Market turnover shrank to 366.23 million shares valued at RM70.54 million from 411.70 million shares valued at RM86.06 million on Friday.

Warrants rose to 250.03 million units worth RM29.58 million from 194.76 million units worth RM23.76 million previously.

Consumer products accounted for 109.98 million shares traded on the Main Market, industrial products (203.98 million), construction (82.32 million), trade and services (311.08 million), technology (18.59 million), infrastructure (6.04 million), SPAC (34.52 million), finance (30.74 million), hotels (1.65 million), properties (62.51 million), plantations (16.10 million), mining (0), REITs (4.39 million) and closed/fund (55,000). — Bernama