Tuesday 22 November 2011

KL shares lower in early trade

Share prices on Bursa Malaysia opened lower as sentiment remained bearish amid losses in regional markets.

The delay in resolving the Euro debt crisis and heavy US budget deficit haunted investors, dealers said.

As at 9.15 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 1.05 points easier at 1,433.03 after opening 3.28 points lower at 1,430.80.

The Finance Index lost 21.90 points to 12,827.64, Plantation Index shed 13.36 points to 7,530.77 but the Industrial Index rose 4.28 points to 2,620.11.

The FBM Emas Index slid 18.971 points to 9,832.01, FBM70 Index fell 27.17 points to 10,781.86, the FBM Top 100 Index dipped 10.76 points to 9,644.28 and the FBM ACE Index declined 19.57 points to 4,060.80.

Decliners led advancers 205 to 63 while 117 counters were unchanged, 1,087 untraded and 16 others were suspended.

Total volume stood at 108.2 million shares worth RM41.1 million.

As for actives, Sumatec Resources rose 3.5 sen to 24 sen, Sumatec Resources warrants added two sen to 15 sen, DPS Resources declined one sen to 17 sen and Compugates Holdings slipped half-a-sen to eight sen.

Among heavyweights, both Maybank and CIMB rose two sen each to RM8.22 and RM6.75, respectively, while Sime Darby gained one sen to RM8.81. RHB Capital was unchanged at RM7.31. - Bernama



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