Stocks on Bursa Malaysia closed on a softer note yesterday from selling activities, mainly in finance-related and small cap stocks. The weaker local bourse performance was an indication of its defensive stance unlike a steadier trend seen in the global equity markets in anticipation of an encouraging outcome from the Federal Reserve policymakers meeting later yesterday. The benchmark FBM KLCI closed 0.73 of a point lower at 1,564.02. Losers outnumbered gainers by 469 to 288 while 329 counters were unchanged. Total market volume dwindled to 1.163 billion shares worth RM1.471 billion from Monday’s close of 1.268 billion units valued at RM1.717 billion.