Monday 19 December 2011

KL shares lower in cautious trade

Share prices on Bursa Malaysia turned lower at midday today in cautious trade.

The FBM KLCI fell 0.68 of a point to 1,465.54. Dealers said the local bourse moved in line with weaker sentiment in key regional markets.

Meanwhile, key equity indices on the Wall Street ended mixed last Friday as Fitch Ratings lowered France's credit outlook.

"Trading volume to taper off ahead of Christmas and going into the new year in anticipation of investors taking a break," said OSK Research in a research note.

The Finance Index fell 31.399 points to 13,127.19 and the Plantation Index rose 1.69 points to 7,865.8 and the Industrial Index rose 1.19 points to 2,650.71. The FBM Emas Index declined 4.26 points to 10,050.23, the FBM Mid 70 Index added 3.81 points to 11,064.39 and the FBM ACE Index fell 29.74 points to 4,103.51.

Losers led gainers by 403 to 201 with 249 counters traded unchanged. Turnover stood at 886.79 million shares worth RM458.08 million.

Dutch Lady lost 78 sen or 3.2 per cent to RM23.66 on profit taking. For the actives, Utopia rose 1.5 sen to 11.5 sen, Wijaya-Wa fell 3.5 sen to 41 sen and Astral Supreme gained 1.5 sen to 22.5 sen.

Among heavyweights, Maybank declined one sen to RM8.20, Sime Darby was flat at 8.96 and CIMB was down one sen at RM6.99. -- Bernama



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