Wednesday 2 November 2011

KL shares sharply lower in early trade

KUALA LUMPUR: Share prices on Bursa Malaysia opened sharply lower today as the market extended selling pressure for the second day on the back of a bearish external backdrop, dealers said.

At 9.35am, the benchmark FTSE Bursa Malaysia KLCI was down 17.78 points or 1.2 per cent to 1,457.86 after opening 7.84 points lower at 1,467.8.

Market breathe negative as losers led gainers 411 to 57 while 113 counters were unchanged, 889 untraded and 20 others were suspended.

Trading was relatively thin with volume amounting to 195.3 million shares worth RM195 million.

The Finance Index fell 178.24 points to 13,255.13, the Plantation Index declined 63.53 points to 7,421.43 and the Industrial Index lost 21.41 points to 2,670.83.

The FBM Emas Index dwindled 116.41 points to 9,936.3, the FBM Mid 70 Index tumbled 104.46 points to 10,702.32 and the FBM Ace Index shed 32.6 points to 3,950.77.

Among active stocks, Compugates was flat at 6.5 sen, Sumatec lost half a sen to 12.5 sen and UEM Land slipped six sen to RM2.03.

For heavyweights, Maybank lost 10 sen to RM8.27, CIMB fell 17 sen to RM7.32 and Sime Darby dropped 11 sen to RM8.74. - Bernama
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