Monday 21 November 2011

KL shares lower at mid-afternoon

KUALA LUMPUR: Share prices on Bursa Malaysia were lower at mid-afternoon today, reflecting the gloomy sentiment in regional markets as lingering concerns about the impact of escalating eurozone debt crisis affected investor confidence, dealers said.

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

As at 3.26pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 13.07 points to 1,441.37 after opening 2.64 points lower at 1,451.76.

The Finance Index lost 100.51 points to 12,888.28, Plantation Index shed 39.78 points to 7,574.86 and the Industrial Index declined 42.61 points to 2,630.57.

The FBM Emas Index slid 94 points to 9,891.55, FBM70 Index fell 102.931 points to 10,825.39, the FBM Top 100 Index dipped 88.64 points to 9,696.67 and the FBM ACE Index declined 65.67 points to 4,130.25.

Decliners led advancers by 630 to 118 while 207 counters were unchanged, 526 untraded and 26 others suspended.

Total volume stood at 911.6 million shares worth RM673.4 million.

For the actives, Compugates Holdings was unchanged at eight sen, Fast Track Solution was unchanged at 10.5 sen and DPS Resources slipped three sen to 19.5 sen.

Flonic Hi-Tech added three sen to 30 sen.

Among heavyweights, Maybank lost two sen to RM8.23, CIMB eased seven sen to RM6.80 and Sime Darby lost 10 sen to RM8.80.

RHB Capital, however, gained 12 sen to RM7.41. - Bernama



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