Share prices on Bursa Malaysia were lower at the end of the morning session today on concerns over the current eurozone crisis and the ability of the leadership there to solve the recurring problems, dealers said.
At 12.30pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) declined 3.86 points or 0.26 per cent to 1,463.24.
The key index had opened 4.19 points lower at 1,462.91 compared with yesterday's close of 1,467.1.
The overall market breath was negative with losers outpacing gainers by 354 to 249 with 290 unchanged and 583 others untraded. Turnover stood at 952.5 million shares worth RM596.38 million.
Looking ahead, the benchmark index, is probably on its way towards the first support line of 1,445.
HwangDBS Vickers said Bursa Malaysia joined regional markets after Wall Street reversed direction overnight, with major US equity indices slipping between 1.3 per cent and 1.5 per cent.
Market players are concerned that international rating agencies could be looking to downgrade the sovereign credit ratings of some European countries despite the stopgap measures announced at a regional summit last weekend, it said.
The Finance Index rose 12.471 points to 21,511.3, the Plantation Index gained 23.51 points to 7,950.92 and the Industrial Index lost 2.15 points to 2,644.14.
The FBM Emas Index decreased 17.42 points to 10,029.71, the FBM Mid 70 Index rose 31.37 points to 11,012.28 and the FBM Ace Index declined 31.63 points to 4,119.84.
Among active stocks, Affin-CE rose 2.5 sen to five sen, MAS-CC added 1.5 sen to 2.5 sen and Proton-CG added seven sen to 45.5 sen.
For heavyweights, Maybank rose five sen to RM8.21, Sime Darby gained three sen to RM8.95 and CIMB fell 10 sen to RM6.85. -- Bernama
At 12.30pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) declined 3.86 points or 0.26 per cent to 1,463.24.
The key index had opened 4.19 points lower at 1,462.91 compared with yesterday's close of 1,467.1.
The overall market breath was negative with losers outpacing gainers by 354 to 249 with 290 unchanged and 583 others untraded. Turnover stood at 952.5 million shares worth RM596.38 million.
Looking ahead, the benchmark index, is probably on its way towards the first support line of 1,445.
HwangDBS Vickers said Bursa Malaysia joined regional markets after Wall Street reversed direction overnight, with major US equity indices slipping between 1.3 per cent and 1.5 per cent.
Market players are concerned that international rating agencies could be looking to downgrade the sovereign credit ratings of some European countries despite the stopgap measures announced at a regional summit last weekend, it said.
The Finance Index rose 12.471 points to 21,511.3, the Plantation Index gained 23.51 points to 7,950.92 and the Industrial Index lost 2.15 points to 2,644.14.
The FBM Emas Index decreased 17.42 points to 10,029.71, the FBM Mid 70 Index rose 31.37 points to 11,012.28 and the FBM Ace Index declined 31.63 points to 4,119.84.
Among active stocks, Affin-CE rose 2.5 sen to five sen, MAS-CC added 1.5 sen to 2.5 sen and Proton-CG added seven sen to 45.5 sen.
For heavyweights, Maybank rose five sen to RM8.21, Sime Darby gained three sen to RM8.95 and CIMB fell 10 sen to RM6.85. -- Bernama
