Wednesday 2 November 2011

KL shares sharply lower at mid-afternoon

Share prices on Bursa Malaysia were sharply lower at mid-afternoon today, but bargain-hunting helped recoup part of the early losses, dealers said.

At 3pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 6.42 points lower at 1,469.22, after opening 7.84 points lower at 1,467.8.

In a bearish market, losers led gainers 423 to 238 while 259 counters were unchanged, 550 untraded and 20 others suspended.

A total of 838.8 million shares worth RM980.27 million were traded.

The Finance Index fell 148.63 points to 13,284.74, the Plantation Index rose 9.86 points to 7,494.82 and the Industrial Index lost 1.81 points to 2,690.43.

The FBM Emas Index decreased 36.66 points to 10,016.05, the FBM Mid 70 Index fell 19.521 points to 10,787.26 and the FBM ACE Index added 19.41 points to 4,002.78.

Among active stocks, AsiaEp Resources gained 0.5 sen to 8 sen, UEM Land rose 4 sen to RM2.13 and Focus Dynamics increased 1 sen to 10 sen.

For the heavyweights, Maybank lost 8 sen to RM8.29, CIMB fell 19 sen to RM7.30 and Sime Darby slipped 6 sen to RM8.79. -- Bernama
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