Wednesday 2 November 2011

KL shares mostly lower at midday

Share prices on Bursa Malaysia were mostly lower at the end of the morning session today, led by the consumer sector, dealers said.

At 12.30pm, the benchmark FTSE Bursa Malaysia KLCI was 11.59 points lower at 1,464.05, after opening 7.84 points lower at 1,467.8.

In a bearish market, 18 of the 30 counters in the key index were lower today, led by Genting, which was down 22 sen to RM10.18, while five counters were flat.

However, further losses were capped by another seven counters headed by BAT which gained 42 sen to RM46.00 and DiGi, up 38 sen to RM32.08.

HwangDBS Vickers Research said the key index is expected to dip below the immediate support level of 1,475 and towards 1,445 moving ahead.

"Essentially, sentiment will be clouded by a bearish external backdrop," the research house added, referring to the Greek government's decision to call for a referendum on its latest bailout package.

Back home, the market breathed negative as losers led gainers 470 to 151 while 245 counters were unchanged, 604 untraded and 20 others suspended.

A total of 652.3 million shares worth RM750.32 million were traded.

The Finance Index fell 165.48 points to 13,267.89, the Plantation Index declined 46.37 points to 7,438.59 and the Industrial Index lost 5.24 points to 2,687.

The FBM Emas Index decreased 73.26 points to 9,979.45, the FBM Mid 70 Index fell 70.12 points to 10,736.66 and the FBM Ace Index lost 4.63 points to 3,978.74.

Among the active stocks, AsiaEp Resources gained half-a-sen to eight sen, Compugates was flat at 6.5 sen and UEM Land slipped three sen to RM2.06.

Among the heavyweights, Maybank lost nine sen to RM8.28, CIMB fell 19 sen to RM7.30 and Sime Darby slipped six sen to RM8.79 - Bernama
Related Posts Plugin for WordPress, Blogger...