KUALA LUMPUR: Amid the sluggish market condition, share prices on Bursa Malaysia started trading Friday on a bearish note, with heavy selling seen in selected bluechips and low-liners, dealers said.
The global markets were on a downtrend further as the European Central Bank squelched hopes for increased bond purchases ahead of the European Union Leaders' Summit which is expected to come out with an aggressive plan to contain the region's debt crisis.
Thirty mminutes after the opening, the FTSE Bursa Malaysia (FBM KLCI) lost 10.42 points to 1,462.5, with losses mostly seen in Petronas Dagangan and Kuala Lumpur Kepong.
Earlier, the benchmark index opened 8.22 points lower at 1,464.7.
China's key inflation data to be out this week also contributed to the local bourse's sentiments today, dealers said.
The Finance Index plunged 100.141 points to 12,962.02, the Plantation Index dipped 56.64 points to 7,872.47 and the Industrial Index slipped 20.95 points to 2,650.42.
The FBM Emas Index dwindled 62.25 points to 10,020.26, the FBM Mid 70 Index was 54.71 points lower at 10,936.91 and the FBM ACE Index fell 34.18 points to 4,198.25.
Decliners led advancers 220 to 65 while 160 counters were unchanged, 1,033 untraded and 19 others were suspended.
Turnover stood at 201.474 million shares worth RM125.931 million.
Actives, Compugates inched down half-a-sen to 6.5 sen, Versatile Creative was flat at 44 sen, SYF Res-WA gained 2.5 sen to 53 sen and Wijaya Bari-WA added half-a-sen to 37.5 sen.
For heavyweights, Maybank lost five sen to RM8.16, Sime Darby and CIMB shed four sen each to RM8.90 and RM6.95, respectively, while Petronas Chemicals slipped three sen to RM6.06. - Bernama
The global markets were on a downtrend further as the European Central Bank squelched hopes for increased bond purchases ahead of the European Union Leaders' Summit which is expected to come out with an aggressive plan to contain the region's debt crisis.
Thirty mminutes after the opening, the FTSE Bursa Malaysia (FBM KLCI) lost 10.42 points to 1,462.5, with losses mostly seen in Petronas Dagangan and Kuala Lumpur Kepong.
Earlier, the benchmark index opened 8.22 points lower at 1,464.7.
China's key inflation data to be out this week also contributed to the local bourse's sentiments today, dealers said.
The Finance Index plunged 100.141 points to 12,962.02, the Plantation Index dipped 56.64 points to 7,872.47 and the Industrial Index slipped 20.95 points to 2,650.42.
The FBM Emas Index dwindled 62.25 points to 10,020.26, the FBM Mid 70 Index was 54.71 points lower at 10,936.91 and the FBM ACE Index fell 34.18 points to 4,198.25.
Decliners led advancers 220 to 65 while 160 counters were unchanged, 1,033 untraded and 19 others were suspended.
Turnover stood at 201.474 million shares worth RM125.931 million.
Actives, Compugates inched down half-a-sen to 6.5 sen, Versatile Creative was flat at 44 sen, SYF Res-WA gained 2.5 sen to 53 sen and Wijaya Bari-WA added half-a-sen to 37.5 sen.
For heavyweights, Maybank lost five sen to RM8.16, Sime Darby and CIMB shed four sen each to RM8.90 and RM6.95, respectively, while Petronas Chemicals slipped three sen to RM6.06. - Bernama
