Monday 31 October 2011

KL shares lower at midafternoon

Share prices on Bursa Malaysia were lower at midafternoon today, dragged down by heavyweights led by Petronas Dagangan and RHB Capital, dealers said.

As at 3pm, the benchmark index declined 0.98 point to 1,480.84, after opening 2.84 points higher at 1,484.66.

Dealers said investor sentiment was dented by negative movement on regional markets following weaker US equities market overnight.

Petronas Dagangan and RHB Capital fell 12 sen each to RM16.20 and RM7.55, respectively.

Decliners led advancers by 373 to 277 while 266 counters were unchanged, 554 untraded and 19 others suspended. Trading was moderate with a volume of 757.43 million shares worth RM713.9 million.

The Finance Index fell 17.87 points to 13,402.72, Industrial Index was down by 5.75 points to 2,708.91 and the Plantation Index decreased 1.14 points to 7,493.54.

The FBM Emas lost 10.94 points to 10,106.42 and the FBM 70 Index declined 40.5 points to 10,919.15. The FBMT100 dropped 13.03 points to 9,922.96 and the FBM Ace Index slipped 37.14 points to 4,035.81.

Of the active counters, JCY International gained four sen to 61 sen, Integrated Rubber rose a sen to 20 sen and MAA Group added three sen to 51 sen.

Among heavyweights, Maybank fell one sen to RM8.34, CIMB rose two sen to RM7.48 and Sime Darby declined four sen to RM8.86. -- Bernama
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