Monday 21 November 2011

KL shares close sharply lower

KUALA LUMPUR: Share prices on Bursa Malaysia closed sharply lower today, reflecting the gloomy sentiment in regional markets that remained concerned with the unresolved eurozone debt crisis, dealers said.

They said the bearish statement made by China's Vice Premier, Wang Qishan, that the global economic outlook remained grim and of an impending global recession also affected the market.

The FTSE Bursa Malaysia KLCI (FBM KLCI) fell 20.32 points to 1,434.08 after opening 2.64 points lower at 1,451.76.

The Finance Index lost 139.25 points to 12,849.54, Plantation Index shed 70.51 points to 7,544.13 and the Industrial Index declined 57.35 points to 2,615.83.

The FBM Emas Index slid 134.569 points to 9,850.98, FBM70 Index fell 119.29 points to 10,809.03, the FBM Top 100 Index dipped 130.27 points to 9,655.04 and the FBM ACE Index declined 115.55 points to 4,080.37.

Decliners led advancers by 661 to 176 while 194 counters were unchanged, 450 untraded and 26 others suspended.

Total volume decreased to 1.416 billion shares worth RM1.161 billion from 1.462 billion shares worth RM1.196 billion last Friday.

As for the actives, Compugates Holdings rose half a sen to 8.5 sen, Fast Track Solution declined half a sen to 10 sen and DPS Resources slipped 4.5 sen to 18 sen.

Sumatec Resources, however, rose three sen to 20.5 sen.

Among heavyweights, Maybank lost five sen to RM8.20, CIMB eased 10 sen to RM6.77 and Sime Darby lost 10 sen to RM8.80.

RHB Capital, however, gained two sen to RM7.31.

Volume on the Main Market decreased to 1.026 billion shares valued at RM1.109 billion against 1.046 billion shares valued at RM1.141 billion last Friday.

Turnover on the ACE market decreased to 296.151 million shares worth RM42.217 million from 350.682 million shares worth RM50.021 million last Friday.

Warrants increased to 81.512 million units valued at RM7.159 million from 63.245 million units valued at RM5.382 million last Friday.

Consumer products accounted for 162.6 million shares traded on the Main Market, industrial products 147.8 million, construction 28.3 million, trade and services 368.2 million, technology 24.4 million, infrastructure 21.8 million, finance 67.6 million, hotels 1.1 million, properties 150.6 million, plantation 33.2 million, mining 44,000, REITs 1.2 million and closed/fund 25,000. - Bernama



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