Tuesday 8 November 2011

KL shares lower at mid-afternoon

Share prices on Bursa Malaysia retreated from earlier advances at mid-afternoon today, as sentiment turned cautious with the deepening debt woes in Italy, dealers said.

The broader Asian bourses showed a mixed performance underlined by cautious trading, as the Europe debt contagion spread to Italy.

As at 3.00 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 3.03 points higher at 1,480.54. It had opened 5.77 points higher at 1,483.28.

The Finance Index declined 6.57 points to 13,278.27 and the Plantation Index lost 14.97 points to 7,531.92 but the Industrial Index gained 14.63 points to 2,716.33.

The FBM Emas Index advanced 16.26 points to 10,088.41, the FBM Mid 70 Index perked 10.84 points to 10,853.60 and the FBM ACE Index increased 30.49 points to 4,230.43.

Gainers beat losers 346 to 281 with 283 counters unchanged, 562 untraded and 21 others suspended. Turnover stood at 1.116 billion shares worth RM817.043 million.

For the actives, Karambunai Corp gained one sen to 21.5 sen, Sanichi Technology rose half-a-sen to nine sen, Harvest Court Industries warrants gained 29 sen to RM1.04 and Focus Dynamics Technologies increased two sen to 13 sen.

Among heavyweights, Maybank lost one sen to RM8.22, CIMB Group Holdings slipped three sen to RM7.33, Sime Darby increased two sen to RM8.82 and Petronas Chemicals Group added one sen to RM6.32. -- Bernama
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