Wednesday 16 November 2011

KL shares continue to fall

Share prices on Bursa Malaysia continued its downtrend mid-afternoon, pressured by persistent selling of heavyweights like Petronas Chemicals and Tenaga, dealers said.

As at 3.12 pm, the FTSE Bursa Malaysia (FBM KLCI) was 4.02 points lower at 1,473.2, with the benchmark index moving between 1,470.09 and 1,487.37, thus far.

However, gains in Maybank managed to prevent further losses on the local bourse.

The Finance Index increased 13.59 points to 13,153.03 but the Plantation Index slipped 1.33 points to 7,633.51 and the Industrial Index decreased 7.81 points to 2,707.51.

The FBM Emas Index slid 28.149 points to 10,092.16, the FBM Mid 70 Index eased 7.569 points to 11,013.82 and the FBM ACE Index lost 59.62 points to 4,211.81.

Decliners led advancers 529 to 221 while 253 counters were unchanged, 478 untraded and 23 others were suspended.

Turnover stood at 1.494 billion shares worth RM936.656 million.

For the actives, both Compugates and AsiaEP eased 0.5 sen each to 8.0 sen and 10 sen, respectively, while Tiger Synergy was unchanged at 13.5 sen.

For heavyweights, Maybank rose 12 sen to RM8.39 but Sime Darby was unchanged at RM8.91. CIMB dropped 7 sen to RM7.03, Petronas Chemicals lost 20 sen to RM6.22 and Tenaga was 10 sen lower at RM5.75. -- Bernama



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