Tuesday, 6 December 2011

KL shares remain in red at mid-afternoon

Share prices on Bursa Malaysia continued to decline and remain in the red at midafternoon today with the Standard & Poor's downgrade warning on 15 European countries continuing to influence sentiment on the local bourse.

As at 3.21pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,478.83,
down 11.12 points, with losses led by Boustead Holding-OS, Nestle and Kuala
Lumpur Kepong.

The Finance Index plunged 99.23 points to 13,179.47, the Industrial
Index declined 18.78 points to 2,676.24 and the Plantation Index decreased 25.34 points to 7,851.74.

The FBM Emas dipped 68.91 points to 10,112.28 and the FBM 70 Index dropped 53.26 points to 10,997.26, while the FBM Ace Index was 30.68 points higher at 4,239.6

Losers led gainers by 456 to 208 while 278 counters were unchanged, with the
total volume at 1.698 billion shares worth RM846.012 million.

Among active stocks, 1 Utopia added 2.5 sen to 12.5 sen, Wijaya Baru-WA
gained 11.5 sen to 35 sen and Sanichi was unchanged at 20 sen.

Of the heavyweights, Maybank dwindled nine sen to RM8.20, Sime Darby shed
five sen to RM8.93 and CIMB lost 13 sen to RM7.08 while Petronas Chemicals was flat at RM6.17. -- Bernama



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