Friday 18 November 2011

KL shares still in the red at mid-afternoon

Share prices on Bursa Malaysia stayed lower mid-afternoon ahead of the third-quarter Gross Domestic Product (GDP) announcement later today which will give some insights on the country's economy in the coming months, dealers said.

At 3 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 5.38 points lower at 1,460.09 with losses mostly seen in Petronas Chemicals and MISC, which accounted for a 2.742 point drop in the FBM KLCI.

The barometer index, which opened 3.13 points lower, moved between 1,459.42 and 1,468.44.

The Finance Index lost 62.38 points to 13,011.5, the Industrial Index declined 15.89 points to 2,682.8 but the Plantation Index improved 38.95 points to 7,667.07.

The FBM Emas Index decreased 37.729 points to 10,023.29, the FBM Mid 70 Index eased 39.64 points to 10,967.11 and the FBM ACE Index slid 46.35 points to 4,220.1.

Losers led gainers 520 to 155 while 250 counters were unchanged, 562 not traded and 32 other were suspended.

Turnover stood at 910.019 million shares worth RM680.662 million.

Of the actives, Frontkn eased 0.5 sen to 13.5 sen, Compugates was unchanged at 8 sen and Frontkn-WA lost 1 sen to 9.0 sen.

In heavyweights, Maybank declined 6 sen to RM8.24, Petronas Chemicals slipped 8 sen to RM6.17, MISC lost 18 sen to RM6.51 while Sime Darby and CIMB added 3 sen each to RM8.93 and RM6.90, respectively. -- Bernama



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