Tuesday 22 November 2011

KL shares easier at mid-day

Share prices on Bursa Malaysia ended the morning session lower as sentiment remained cautious on renewed fears of a global recession.

The concerns follow the delay in resolving the Euro debt crisis and a heavy US budget deficit which haunted investors, dealers said.

The FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,431.44 points, down 2.64 points, when the morning session ended at 12.30pm.

The Finance Index lost 18.21 points to 4,062.16, the Plantation Index slipped 9.84 points to 7,534.29 and the Industrial Index declined 14.40 points to 2,601.43.

The FBM Emas Index decreased 17.891 points to 9,833.09, the FBM70 Index fell 14.521 points to 10,794.51, the FBM Top 100 Index lost 16.690 points to 9,638.35 and the FBM ACE Index erased 18.21 points to 4,062.16.

Decliners led advancers 416 to 178 while 260 counters were unchanged, 618 untraded and 16 others were suspended.

Volume stood at 728.1 million shares worth RM520.2 million.

Among the actives, Sumatec Resources rose 5.5 sen to 26 sen, Sumatec Resources warrants added two sen to 15 sen, DPS Resources declined 1.5 sen to 16.5 sen and Compugates Holdings slipped half-a-sen to eight sen.

Among the heavyweights, Maybank slipped one sen to RM8.19, CIMB declined three sen to RM6.74, Sime Darby slipped seven sen to RM8.73 while RHB Capital gained four sen to RM7.35. -- Bernama



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