Thursday 24 November 2011

KL shares open lower

Share prices were mostly lower in early trade today as the bearish sentiment persisted amid weaknesses on regional markets, dealers said.

This is in view of growing concerns over the impact of the eurozone debt
crisis and as China's manufacturing activity weakens with the poor global
economic outlook, a dealer said.

On Japan's stock market, the benchmark Nikkei fell to its lowest level since
April 2009, this morning.

As at 9.15 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined 4.22 points
to 1,428.95 after opening 1.26 points lower at 1,431.91.

The Finance Index, however, gained 7.181 points to 12,785.95 and the
Plantation Index increased 11.90 points to 7,583.11, while the Industrial Index
slipped 16.09 points to 2,599.66.

The FBM Emas Index fell 26.779 points to 9,795.90, the FBM70 Index dipped
22.939 points to 10,673.07, the FBM Top 100 Index slid 26.689 points to
9,601.65 and the FBM ACE Index decreased 6.57 points to 4,123.63.

Decliners led advancers 170 to 75 while 119 counters were unchanged, 1,109
untraded and 16 others suspended. Volume stood at 115.2 million shares worth RM39 million.

Among active counters, Abric Bhd warrant rose 1.5 sen to 17.5 sen, KNM Group
slipped 11 sen to RM1.01, Karambunai Corp rose half-a-sen to 18 sen and Sumatec Resources slipped three sen to 25.5 sen.

Among heavyweights, CIMB eased two sen to RM6.66, Maybank gained one sen to RM8.18. Hong Leong Financial Group, however, jumped 24 sen to RM11.24 while Sime Darby slipped eight sen to RM8.65. -- Bernama



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