Tuesday 22 November 2011

KL shares stay in negative territory

Share prices on Bursa Malaysia stayed in negative territory at midafternoon today as sentiment remained cautious on renewed fears of a global recession.

The concerns follow the delay in resolving the eurozone debt crisis and a heavy US budget deficit which haunted investors, dealers said.

At 2.53pm, the FBM KLCI stood at 1,431.47 points, down 2.61 points.

The Finance Index lost 23.35 points to 12,826.19, the Plantation Index slipped 14.77 points to 7,529.36 and the Industrial Index declined 15.36 points to 2,600.47.

The FBM Emas Index decreased 19.07 points to 9,831.91, the FBM70 Index fell 23.21 points to 10,785.82, the FBM Top 100 Index lost 18.22 points to 9,636.82 and the FBM ACE Index erased 22.95 points to 4,057.42.

Decliners led advancers 448 to 175 while 267 counters were unchanged, 582 untraded and 16 others were suspended.

Volume stood at 803.8 million shares worth RM580.2 million.

Among the active counters, Sumatec Resources rose 4.5 sen to 25 sen, Sumatec Resources warrants added 1.5 sen to 14.5 sen, DPS Resources declined one sen to 17 sen and Compugates Holdings slipped half a sen to eight sen.

Among the heavyweights, Maybank was unchanged at RM8.20, CIMB declined two sen to RM6.75, Sime Darby slipped seven sen to RM8.73 while RHB Capital gained five sen to RM7.36. -- Bernama



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