KUALA LUMPUR: Malaysia's stock market headed for another day of losses after a brief rebound at the start of the Thursday the session as Chinese stocks weighed on the regional sentiment.
Bursa Malaysia's blue-chip index was down 5.35 points to 1,512.31 despite a strong Wall Street rally overnight.
China's lacklustre stock performance was seen as the culprit behind the regional weakness as investors took profit following a sharp rally earlier in the month.
Shanghai's composite index dropped 0.07% to 3,426 while Hong Kong's Hang Seng dove 1.18% to 24,477.
Japan's Nikkei was down 0.25% to 27,751. Singapore's Straits Times index bucked the trend, rising 0.56% to 3,930.
Despite the FBM KLCI's weak performance, there were more advancing issues on Bursa Malaysia than declining, with a ratio of 1.17-to-1.
Volume on the market was 1.92 billion shares for a traded value of RM1.13bil.
Among the leading laggards, Nestle dropped RM1.46 to RM62.10, IHH shed 33 sen to RM6.77 and Maybank slid 12 sen to RM10.24.
Notable gainers on the market, however, were LPI Capital jumping 48 sen to RM13.80, Dayang rising 14 sen to RM1.92 and PIE Industrial gaining 13 sen to RM4.06.
