KUALA LUMPUR, Aug 17 — Bursa Malaysia erased earlier gains to close marginally lower today as profit-taking emerged in utilities as well as telecommunication companies, amid cautious performance on the regional markets, dealers said.
Market breadth was slightly negative as losers led gainers 444 to 394, while 436 counters were unchanged, 1,005 untraded, and six others suspended. Meanwhile, Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the FBM KLCI closed marginally lower as inventors took profit during the final hour of trading.
Among other heavyweights, Maybank, Public Bank and CIMB were flat at RM8.97, RM4.56 and RM5.45, respectively, Petronas Chemicals slipped 3.0 sen to RM8.72, while IHH Healthcare added 1.0 sen to RM6.50. Sector-wise, the Financial Services Index declined 22.56 points to 16,788.78, the Plantation Index perked up 36 points to 7,294.72, the Industrial Products and Services Index eased 0.31 of-a-point to 183.57, and the Energy Index improved 2.09 points to 659.60.
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