Bursa Malaysia shares extended their losses mid-afternoon in tandem with bearish regional markets, dealers said. Selling pressure emerged in key heavyweights such as MISC, Petronas Gas and Telekom Malaysia and as of 3pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 14.30 points lower at 1,433.69.
Dealers disclosed that poor bond sales in Berlin had compounded fears of an escalating debt crisis in Europe which threatened the world economy.
Affin Investment Bank Head of Retail Research Dr Nazri Khan said the market was vulnerable to more selling, pressurising the FBM KLCI towards the 1,400 points level due to weak external market sentiment.
The Finance Index erased 117.93 points to 12,768.04, the Plantation Index fell 14.02 points to 7,615.32 and the Industrial Index lost 24.62 points to 2,609.50.
The FBM Emas Index dipped 80.68 points to 9,828.28, the FBM70 Index shed 38.89 points to 10,707.96, the FBM Top 100 Index trimmed 82.90 points to 9,633.43 and the FBM ACE Index fell 60.96 points to 4,104.31.
Decliners led advancers 406 to 233 while 269 counters were unchanged, 565 untraded and 16 others were suspended. Turnover stood at 1.02 billion shares worth RM578.7 million.
Among actives, Malayan United Industries rose four sen to 26.5 sen, Sumatec Resources added 5.5 sen to 28.5 sen, Compugates Holdings was unchanged at eight sen and Sumatec Resources warrants increased three sen to 17 sen.
As for heavyweights, Maybank rose four sen to RM7.91, CIMB lost four sen to RM6.75, Telekom shed six sen to RM4.38, Petronas Gas fell 14 sen to RM13.12 and MISC eased 21 sen to RM5.92. -- Bernama
Dealers disclosed that poor bond sales in Berlin had compounded fears of an escalating debt crisis in Europe which threatened the world economy.
Affin Investment Bank Head of Retail Research Dr Nazri Khan said the market was vulnerable to more selling, pressurising the FBM KLCI towards the 1,400 points level due to weak external market sentiment.
The Finance Index erased 117.93 points to 12,768.04, the Plantation Index fell 14.02 points to 7,615.32 and the Industrial Index lost 24.62 points to 2,609.50.
The FBM Emas Index dipped 80.68 points to 9,828.28, the FBM70 Index shed 38.89 points to 10,707.96, the FBM Top 100 Index trimmed 82.90 points to 9,633.43 and the FBM ACE Index fell 60.96 points to 4,104.31.
Decliners led advancers 406 to 233 while 269 counters were unchanged, 565 untraded and 16 others were suspended. Turnover stood at 1.02 billion shares worth RM578.7 million.
Among actives, Malayan United Industries rose four sen to 26.5 sen, Sumatec Resources added 5.5 sen to 28.5 sen, Compugates Holdings was unchanged at eight sen and Sumatec Resources warrants increased three sen to 17 sen.
As for heavyweights, Maybank rose four sen to RM7.91, CIMB lost four sen to RM6.75, Telekom shed six sen to RM4.38, Petronas Gas fell 14 sen to RM13.12 and MISC eased 21 sen to RM5.92. -- Bernama
