Share prices on Bursa Malaysia extended the downtrend at midday today on continued selling pressure in heavyweights, dealers said.
The dealers also said the market moved in tandem with the overnight losses on Wall Street and renewed fears over unresolved debt problems in Italy, which is pressuring the country to seek a bailout.
At midday, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined 17.73 points to 1,471.91 after opening 20.41 points lower at 1,469.23.
The Finance Index fell 118.31 points to 13,163.51, the Plantation Index declined 107.74 points to 7,478.30 and the Industrial Index eased 31.46 points to 2,694.78.
The FBM Emas Index slid 116.08 points to 10,037.39, the FBM Mid 70 Index eased 125.23 points to 10,785.80 and the FBM ACE Index shed 13.24 points to 4,263.65.
Losers led gainers 525 to 169 with 173 counters unchanged, 608 counters untraded and 22 others suspended. Turnover stood at 1.618 billion shares worth RM710.229 million.
For the actives, Patimas Computers gained 2.5 sen to eight sen, SAAG Consolidated increased half-a-sen to eight sen, ES Ceramics Technology rose one sen to 13.5 sen and Iris Corporation gained half-a-sen to 17.5 sen.
Among heavyweights, Maybank fell two sen to RM8.20, CIMB declined seven sen to RM7.29, Sime Darby slipped nine sen to RM8.83 and Petronas Chemicals eased 13 sen to RM6.35. -- Bernama
The dealers also said the market moved in tandem with the overnight losses on Wall Street and renewed fears over unresolved debt problems in Italy, which is pressuring the country to seek a bailout.
At midday, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined 17.73 points to 1,471.91 after opening 20.41 points lower at 1,469.23.
The Finance Index fell 118.31 points to 13,163.51, the Plantation Index declined 107.74 points to 7,478.30 and the Industrial Index eased 31.46 points to 2,694.78.
The FBM Emas Index slid 116.08 points to 10,037.39, the FBM Mid 70 Index eased 125.23 points to 10,785.80 and the FBM ACE Index shed 13.24 points to 4,263.65.
Losers led gainers 525 to 169 with 173 counters unchanged, 608 counters untraded and 22 others suspended. Turnover stood at 1.618 billion shares worth RM710.229 million.
For the actives, Patimas Computers gained 2.5 sen to eight sen, SAAG Consolidated increased half-a-sen to eight sen, ES Ceramics Technology rose one sen to 13.5 sen and Iris Corporation gained half-a-sen to 17.5 sen.
Among heavyweights, Maybank fell two sen to RM8.20, CIMB declined seven sen to RM7.29, Sime Darby slipped nine sen to RM8.83 and Petronas Chemicals eased 13 sen to RM6.35. -- Bernama
