Share prices on Bursa Malaysia extended the downtrend at midmorning today in tandem with the bearish sentiment on regional markets, dealers said.
The dealers also said that poor bond sales in Berlin had compounded fears of an escalating debt crisis in Europe which threatened the economy on the continent and globally.
Selling pressure in key heavyweights such as MISC, Petronas Gas and Telekom Malaysia drove the FTSE Bursa Malaysia KLCI (FBM KLCI) lower by 13.84 points to 1,434.15 as at 11.13 am. It had opened 0.88 of a point lower at 1,447.11.
The Finance Index slipped 113.84 points to 12,772.13, the Plantation Index fell 14.75 points to 7,614.59 and the Industrial Index lost 23.37 points to 2,610.75.
The FBM Emas Index dipped 76.58 points to 9,832.38, the FBM70 Index shed 41.609 points to 10,705.24, the FBM Top 100 Index plunged 81.021 points to 9,635.31 and the FBM ACE Index fell 48.09 points to 4,117.18.
Decliners led advancers by 314 to 207 while 229 counters were unchanged, 723 untraded and 16 others suspended. Turnover stood at 662.5 million shares worth RM311.2 million.
Among active counters, Malayan United Industries rose four sen to 26.5 sen, Compugates Holdings was unchanged at eight sen, Tiger Synergy eased half-a-sen to 13.5 sen and Pan Malaysia Capital rose one sen to 9.5 sen.
As for heavyweights, Maybank rose half-a-sen to RM7.92 while CIMB lost three sen to RM6.76, Telekom eased 11 sen to RM4.33, Petronas Gas fell 18 sen to RM13.08 and MISC lost 17 sen to RM5.96. -- Bernama
The dealers also said that poor bond sales in Berlin had compounded fears of an escalating debt crisis in Europe which threatened the economy on the continent and globally.
Selling pressure in key heavyweights such as MISC, Petronas Gas and Telekom Malaysia drove the FTSE Bursa Malaysia KLCI (FBM KLCI) lower by 13.84 points to 1,434.15 as at 11.13 am. It had opened 0.88 of a point lower at 1,447.11.
The Finance Index slipped 113.84 points to 12,772.13, the Plantation Index fell 14.75 points to 7,614.59 and the Industrial Index lost 23.37 points to 2,610.75.
The FBM Emas Index dipped 76.58 points to 9,832.38, the FBM70 Index shed 41.609 points to 10,705.24, the FBM Top 100 Index plunged 81.021 points to 9,635.31 and the FBM ACE Index fell 48.09 points to 4,117.18.
Decliners led advancers by 314 to 207 while 229 counters were unchanged, 723 untraded and 16 others suspended. Turnover stood at 662.5 million shares worth RM311.2 million.
Among active counters, Malayan United Industries rose four sen to 26.5 sen, Compugates Holdings was unchanged at eight sen, Tiger Synergy eased half-a-sen to 13.5 sen and Pan Malaysia Capital rose one sen to 9.5 sen.
As for heavyweights, Maybank rose half-a-sen to RM7.92 while CIMB lost three sen to RM6.76, Telekom eased 11 sen to RM4.33, Petronas Gas fell 18 sen to RM13.08 and MISC lost 17 sen to RM5.96. -- Bernama
