Stocks on Bursa Malaysia closed lower yesterday as heavy selling across the board particularly in heavyweight counters dragged the benchmark index to close sharply lower. The local bourse traded lower for the whole trading session, triggered by the steep fall in the Dow Jones, which fell 3.1% last Friday, and exacerbated by lingering domestic concerns, and also tracked the sharp fall in regional peers on the back of battered sentiment in Chinese shares, coupled with the weaker ringgit. The FBM KLCI fell 42.53 points, or 2.7%, to close at the day’s low of 1,532.14, after fluctuating between 1,532.14 and 1,554.08 throughout the day. Losers overwhelmed gainers by 941 to 100 with 155 counters unchanged. Total volume rose to 2.58 billion units valued at RM2.49 billion from 1.79 billion units at RM2.13 billion on last Friday.