Share prices on Bursa Malaysia closed sharply lower yesterday as the market lost ground after three days of gains, the local market was also in line with the fall on regional markets amid an escalating debt crisis in Europe, dealers said.
Renewed fears over the unresolved debt problem in Italy, which is pressuring the country to seek a bailout, fuelled concerns over its impact on the eurozone and global economy.
Heavy selling in heavyweights dragged the FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) down 16.99 points to 1,472.65 at the close.
The Finance Index fell 98.70 points to 13,183.47, the Plantation Index declined 99.12 points to 7,486.92 and the Industrial Index eased 30.19 points to 2,696.05.
The FBM Emas Index slid 110.19 points to 10,043.42, the FBM Mid 70 Index eased 107.63 points to 10,803.40 and the FBM ACE Index shed 16.42 points to 4,260.47.
Losers led gainers 568 to 227 with 212 counters unchanged, 468 counters untraded and 23 others suspended.
Of the actives, Patimas Computers gained two sen to 7.5 sen, ES Ceramics Technology was unchanged at 12.5 sen, Sumatec Resources appreciated by 5.5 sen to 19.5 sen and SAAG Consolidated increased 1/2 sen to eight sen.
Among heavyweights, Maybank rose two sen to RM8.24, CIMB decreased 10 sen to RM7.26, Sime Darby slipped six sen to RM8.86 and Petronas Chemicals depreciated by nine sen to RM6.39.
Volume on the Main Market decreased to 1.977 billion shares worth RM1.378 billion from 2.008 billion shares worth RM1.731 billion on Wednesday. Bernama
Renewed fears over the unresolved debt problem in Italy, which is pressuring the country to seek a bailout, fuelled concerns over its impact on the eurozone and global economy.
Heavy selling in heavyweights dragged the FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) down 16.99 points to 1,472.65 at the close.
The Finance Index fell 98.70 points to 13,183.47, the Plantation Index declined 99.12 points to 7,486.92 and the Industrial Index eased 30.19 points to 2,696.05.
The FBM Emas Index slid 110.19 points to 10,043.42, the FBM Mid 70 Index eased 107.63 points to 10,803.40 and the FBM ACE Index shed 16.42 points to 4,260.47.
Losers led gainers 568 to 227 with 212 counters unchanged, 468 counters untraded and 23 others suspended.
Of the actives, Patimas Computers gained two sen to 7.5 sen, ES Ceramics Technology was unchanged at 12.5 sen, Sumatec Resources appreciated by 5.5 sen to 19.5 sen and SAAG Consolidated increased 1/2 sen to eight sen.
Among heavyweights, Maybank rose two sen to RM8.24, CIMB decreased 10 sen to RM7.26, Sime Darby slipped six sen to RM8.86 and Petronas Chemicals depreciated by nine sen to RM6.39.
Volume on the Main Market decreased to 1.977 billion shares worth RM1.378 billion from 2.008 billion shares worth RM1.731 billion on Wednesday. Bernama
