Thursday 3 November 2011

KL shares sharply lower at midafternoon

Share prices on Bursa Malaysia slipped further midafternoon as selling of heavyweights pulled the benchmark index lower, led by PPB Group, dealers said.

At 3pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 15.03 points easier at 1,455.92 after opening 7.84 points lower at 1,467.8.

Dealers said buying interest remained weak in line with regional markets on renewed concern over the European debt crisis.

Losers led gainers 477 to 188 while 252 counters were unchanged, 553 untraded and 23 others were suspended.

Volume stood at 1.24 billion shares worth RM667.3 million.

The Finance Index gave up 124.34 points to 13,150.04, the Plantation Index shed 115.55 points to 7,403.46 and the Industrial Index lost 32.84 points to 2,658.17.

The FBM Emas Index decreased 96.94 points to 9,943.29, the FBM Mid 70 Index fell 91.15 points to 10,752.68 but the FBM Ace Index added 12.66 points to 4,042.56.

Among active stocks, Karambunai eased two sen to 18.5 sen but Tejari gained one sen to 8.5 sen and Harvest-Wa added seven sen to 52 sen.

For heavyweights, Maybank slipped six sen RM8.22, CIMB lost 12 sen to RM7.19 and Sime Darby lost eight sen to RM8.70. -- Bernama
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