Tuesday 27 December 2011

FBM KLCI remains bearish at mid-afternoon

Shares on Bursa Malaysia were lower at mid-afternoon as market sentiment remained bearish amid the lack of buying interest, dealers said.

At 3pm, the underlying FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,495.49, down 0.66 point after opening two points lower at 1,494.15.

A dealer said trading on the local bourse was light amid lack of strong leads as European and some Asian markets, including Hong Kong and Australia, were closed today in conjunction with the Christmas holidays.

The dealer said interest in plantation-related counters lent support to the local market and kept the key index steady at above 1,490 level.

On Bursa Malaysia, trading was moderate with a volume of 515.6 million shares valued at RM301.14 million, while decliners led advancers 311 to 285 and 295 counters were unchanged.

The Finance Index slipped 25.80 points to 13,338.77 and the Industrial Index eased 1.81 points to 2,676.68. The Plantation Index gained 20.53 points to 7,987.92.The FTSE Bursa Malaysia Emas Index rose 0.65 point to 10,254.17 and the FTSE
Bursa Malaysia Mid 70 Index added 14.25 points to 11,314.72.
The FTSE Bursa Malaysia Ace Index declined 17.11 points to 4,021.70.

Volume leaders, Scan was three sen higher at 13 sen, BF-Warrants rose four sen to 24 sen and Proton-Call Warrant gained 5.5 sen to 36 sen. Among heavyweights, Maybank erased one sen to RM8.34, CIMB dropped five sen to RM7.04 while Sime Darby was one sen higher at RM9.00. -- Bernama



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