Thursday 17 November 2011

KL shares lower at mid-morning

Share prices on Bursa Malaysia continued the downtrend at midmorning today as investors stuck to reducing their holdings in key heavyweights and penny stocks, dealers said.

At 11.25 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 6.05 points to 1,470.79, dragged down by losses mostly seen in CIMB.

The benchmark FBM KLCI was 1.32 points lower at 1,475.54 at the opening bell. The Finance Index slid 74.1 points to 13,097.83, the Plantation Index declined 28.14 points to 7,659.35 and the Industrial Index dropped 10.59 points to 2,708.16.

The FBM Emas Index slipped 31.66 points to 10,088.16, the FBM Mid 70 Index was 9.49 points lower at 11,025.84 and the FBM ACE Index decreased 12.51 points to 4,233.56.

Decliners led advancers 357 to 178 while 233 counters were unchanged, 713 untraded and 32 others suspended. Turnover stood at 538.942 million shares valued at RM294.212 million.

For the actives, Compugates slid half sen to 7.5 sen, Hibiscus Petroleum-Warrant added four sen to 44.5 sen while TMC Life Sciences shed three sen to 46.5 sen.

For the heavyweights, Maybank dropped six sen to RM8.33, Sime Darby eased two sen to RM8.91, CIMB lost 10 sen RM6.96 and Petronas Chemicals slipped three sen to RM6.18. -- Bernama



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