Wednesday 7 December 2011

KL shares lower at mid-afternoon

The FTSE Bursa Malaysia KLCI (FBM KLCI) continued to decline at midafternoon today against a mixed backdrop, with selected bluechips weighing in on the market due to the soft sentiment, dealers said.

As at 3pm, the benchmark index dropped 5.34 points to 1,475.58, with losses led by Proton and Malaysia Airports. It had opened 0.33 of a point lower at 1,480.59.

However, global stocks rose on hopes that European leaders would agree to beef up the region's financial rescue ahead of the European Union Summit later this week, the dealers said.

The Finance Index lost 55.03 points to 13,128.47 and the Industrial Index declined 6.6 points to 2,673.42, while the Plantation Index increased 12.98 points to 7,861.04.

The FBM Emas eased 30.13 points to 10,092.96, the FBM 70 Index dropped 34.351 points to 10,964.51 and the FBM Ace Index was 13.56 points higher at 4,238.11.

Gainers led losers 347 to 297 while 286 counters were unchanged with a total volume of 1.343 billion shares worth RM824.530 million traded.

Among active stocks, Pavilion Real Estate gained 10 sen to RM1, Sanichi earned 3.5 sen to 20.5 sen, Wijaya Baru-WA went up five sen to 38 sen and LFE Corporation rose 11.5 sen to 24.5 sen.

Of the heavyweights, Maybank eased three sen to RM8.17, Sime Darby dropped one sen to RM8.94, CIMB edged down six sen to RM7.03 and Petronas Chemicals slipped one sen to RM6.07. -- Bernama



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