Malaysian share prices closed 0.18 percent lower on Wednesday with investors sidelined by market uncertainties despite data showing January exports rose 11.7 percent year-on-year, dealers said.
The government data on Tuesday showed Malaysia also recorded the highest ever export value for the month of January at 43.6 billion ringgit (11.74 billion dollars), although this was 11.9 percent lower than December.
The Kuala Lumpur Composite Index shed 1.68 points to 913.53 and volume was 509.70 million shares worth 773.0 million ringgit.
Losers outnumbered gainers 477 to 246, with 326 stocks unchanged and 273 untraded. "The daily KLCI momentum indicators continue heading south, but have yet to dip into the oversold region, when there will be a better chance to trigger a technical rebound," a local brokerage dealer said.
Among blue chips, Telekom Malaysia was down 0.15 ringgit at 9.45, while Malayan Banking was flat at 11.00. Tenaga Nasional fell 0.15 to 8.15, ahead of a listing of its bonus shares.
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