Wednesday 23 November 2011

KL shares open lower

Share prices on Bursa Malaysia opened lower in early trading Wednesday in tandem with weak market sentiments in regional markets due to the euro debt contagion and concerns over escalating debt in Spain, dealers said.

As at 9.15am, the FTSE Bursa Malaysia KLCI (FBM KLCI) shed 7.70 points to 1,430.29 after opening 2.35 points lower at 1,435.64.

The Finance Index plunged 34.64 points to 12,805.16 and the Plantation Index declined 62.21 points to 7,521.15, and the Industrial Index slipped 23.23 points to 2,589.33.

The FBM Emas Index fell 43.521 points to 9,826.31 and the FBM70 Index dipped 27.311 points to 10,776.17 and the FBM Top 100 Index slid 45.859 points to 9,628.73. The FBM ACE Index dwindled 7.81 points to 4,105.22.

Decliners led advancers 139 to 91 while 104 counters were unchanged, 1,138 untraded and 16 others suspended. Volume stood at 131.4 million shares worth RM51.6 million.

Among active counters, Sumatec Resources gained half a sen to 28.5 sen, Sumatec Resources warrants added half a sen to 16.5 sen, Compugates Holdings was unchanged at eight sen and Media Shoppe earned one sen to 9.5 sen.

Among heavyweights, Maybank lost one sen to RM8.19, CIMB declined two sen to RM6.74 and Sime Darby declined 12 sen to RM8.64 while RHB Capital eased two sen to RM7.35. -- Bernama



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