KUALA LUMPUR: Bursa Malaysia ended lower today after recent gains, in line with most regional peers, on profit-taking in selected heavyweights, consumer and technology counters, dealers said.
At the close, the key FTSE Bursa Malaysia KLCI (FBM KLCI) was 3.79 points weaker to end at 1,786.07 after moving between 1,785.50 and 1,793.22.
It opened 0.48 of-a-point weaker at 1,789.38 against Tuesday's close of 1,789.86.
Market breadth was negative with losers leading gainers by 480 to 385 with 387 counters unchanged, 581 untraded and 26 others suspended.
Volume shrank to 2.70 billion units worth RM1.85 billion from 3.66 billion units valued at RM2.26 billion on Tuesday.
Among the top losers, Nestle dipped 48 sen to RM85, Genting Malaysia fell 15 sen to RM5.75, Hartalega declined 31 sen to RM6.39, Dutch Lady shed 30 sen to RM59 while Globetronics went down 23 sen to RM6.34.
Having touched fresh 10-year highs benefiting from record highs on Wall Street, several emerging market indices heavyweights in Asia had retreated, particularly Apple-related stocks, a dealer said.
Unveiling its iPhone X on Tuesday at US$999 (US$1 = RM4.19), Apple however said that the new model would not ship until November, despite new iPhone models usually going on sale at end-September.
The dealer said investors were also concerned over the re-emergence of possible tensions on the Korean peninsula, as US President Donald Trump recently described United Nations sanctions on North Korea as a "very small step".
Regionally, Japan's Nikkei 225 was up 0.45 per cent to 19,865.82, Hong Kong's Hang Seng eased 0.29 per cent to 27,89.95, South Korea's Kospi shed 0.22 per cent to 2,360.18 while the Singapore Straits Times index decreased 0.22 per cent to 3,228.73.
For heavyweights, Maybank and TNB were flat at RM9.70 and RM14.58, respectively, Public Bank eased four sen to RM20.58 while Sime Darby improved one sen to RM9.14.
Among active counters, D.B.E. Gurney earned half-a-sen to 3.5 sen, Sino Hua-An added 1.5 sen to 25.5 sen, Trive Property advanced two sen to 13 sen while MQ Technology slipped one sen to 7.5 sen.