Tuesday 20 December 2011

KL shares ended morning session lower

KUALA LUMPUR: Share prices on Bursa Malaysia ended the morning session lower as investors remained sidelined amidst wobbly global economic progress, dealers said.

At 12.30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) was down 5.14 points at 1,472.64, after opening lower at 1,475.87.

Hong Leong Investment said given the persistent negative headlines from Europe and thin volume ahead of the year-end holidays, the local bourse remained volatile, albeit, with an upward bias due to window dressing activities.

The Finance Index erased 24.46 points to 13,154.54, the Plantation Index fell 27.24 points to 7,860.83 while the Industrial Index lost 17.40 points to 2,647.94.

The FTSE Bursa Malaysia Emas Index decreased 25.021 points to 10,091.89, the Ace Index declined 24.79 points to 4,075.98 but the Mid 70 Index rose 6.521 points to 11,087.07.

Losers led gainers 352 to 274 while 277 counters were unchanged.
Trading volume stood at 849.184 million shares valued at RM509.99 million.

For actives, Astral Supreme added half-a-sen to 22.5 sen, Utopia was unchanged at 10.5 sen and JCY gained four sen to 92 sen.

Among heavyweights, Maybank added two sen to RM8.24, CIMB fell one sen to RM7.04, Sime Darby shed two sen to RM8.99 and Axiata was flat at RM5.00. -- BERNAMA



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