Friday 9 December 2011

KL shares lower at midafternoon

KUALA LUMPUR - Share prices on Bursa Malaysia continued its downtrend at midafternoon today on selling pressure.

At 3.20pm, the FBM KLCI dropped 15.05 points to 1,457.87.

Dealers said disagreements between European leaders continued to dent hopes for an aggressive plan to ease the region's debt crisis, mirrored the downtrend in the global market.

The Finance Index lost 123.83 points to 12,938.33, Industrial Index declined 25.62 points to 2,645.75 and the Plantation Index fell 85.38 points to 7,843.73.

The FBM Emas Index plunged 97.97 points to 9,984.54, FBM 70 Index dwindled 96.32 points to 10,895.3 and the FBM Ace decreased 51.9 points to 4,180.53.

Losers outnumbered gainers 512 to 146, while 252 counters traded unchanged.

A total of 908.303 million shares worth RM641.191 million changed hands.

Among active counters, Compugates dropped half a sen to 6.5 sen, SYF Res-WA added seven sen to RM57.5 sen and Versatile erased two sen to 42 sen.

Of the heavyweights, Maybank slipped six sen to RM8.15, Sime Darby shed four sen to RM8.90, CIMB erased nine sen to RM6.91 and Petronas Chemicals lost nine sen to RM6. Bernama



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