Friday 25 November 2011

KL shares open lower

Shares on Bursa Malaysia retreated from yesterday's gains in early trading Friday in tandem with bearish sentiments in regional markets as poor bond sales in Berlin compounded fears of escalating debt crisis in Europe which threatened the economy in the continent and globally, dealers said.

Selling pressure in key heavyweights such as MISC, Malaysia Airports Bhd and
Telekom Malaysia drove the FTSE Bursa Malaysia KLCI (FBM KLCI) lower by 9.44
points to 1,438.55 as at 9.15am after opening 0.88 of a point lower at 1,447.11.

The Finance Index slipped 103.08 points to 12,782.89, Plantation Index fell
12.71 points to 7,616.63 and the Industrial Index lost 13.90 points to 2,620.22.

The FBM Emas Index dipped 46.34 points to 9,862.62, FBM70 Index shed 5.239
points to 10,741.61, FBM Top 100 Index plunged 50.78 points to 9,665.55 and
the FBM ACE Index fell 32.40 points to 4,132.87.

Decliners led advancers by 130 to 93 while 121 counters were unchanged,
1,129 untraded and 16 others were suspended. Turnover stood at 171.8 million shares worth RM50.9 million.

Among active counters, Malayan United Industries rose six sen to 28.5 sen,
Compugates Holdings added half a sen to 8.5 sen, Tiger Synergy lost one sen to
13 sen and Pan Malaysia Capital rose two sen to 10.5 sen.

As for heavyweights, Maybank rose five sen to RM7.92, CIMB, however, lost
four sen to RM6.75, Telekom eased nine sen to RM4.35, Malaysia Airport slid 15
sen to RM6.05 and MISC lost 10 sen to RM6.03. -- Bernama



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