Share prices on Bursa Malaysia extended the mixed trend to midday today on profit-taking activities in key heavyweights, which weighed on the FTSE Bursa Malaysia (FBM KLCI), dealers.
As at 12.30 pm, the key index slipped 0.19 point to 1,475.84, after opening 0.33 point lower at 1,480.59, led by losses in Proton, Malaysia Airports and UMW Holdings.
Jupiter Securities head of research Pong Teng Siew said the market yielded mildly to profit-taking activities in the morning session following a fund inflow.
"There are some foreign funds moving into the country and with the limited upside, there's a temptation to take profit," he told Bernama.
Pong said although the global market edged up against prospects that the European Union summit on Friday would produce a workable agreement to contain the eurozone debt crisis, the local bourse remained on a cautious mode.
"The developments in the eurozone is foreseen to be on the mixed side today and on an uptrend in the US. "The local market is thus, torn between the leads, provided by the two developed markets," he added.
The Finance Index lost 57.33 points to 13,126.17, the Plantation Index increased 2.48 points to 7,850.54 while the Industrial Index eased 6.57 points to 2,673.45. The FBM Emas Index shed 31.68 points to 10,091.41, the FBM Mid 70 Index slipped 43.771 points to 10,955.09 and the FBM ACE Index added 20.09 points to 4,244.64.
Gainers outnumbered losers 319 to 278 while 271 counters were unchanged, 618 untraded and 24 others suspended. Turnover stood at 1.167 billion shares worth RM660.640 million.
Pavilion Real Estate Investment Trust, which made its debut on the Main Market today, was the most active stock, gaining 10 sen to RM1. It had opened at a 13 sen premium of RM1.03.
Among other actives, R&A Telecommunication gained two sen to 14 sen, Sanichi perked four sen to 21 sen and 1 Utopia-WA was unchanged at five sen. For the heavyweights, Maybank dropped three sen to RM8.17, Sime Darby slipped one sen to RM8.94, CIMB eased six sen to RM7.03 while Petronas Chemicals was unchanged at RM6.08. -- Bernama
As at 12.30 pm, the key index slipped 0.19 point to 1,475.84, after opening 0.33 point lower at 1,480.59, led by losses in Proton, Malaysia Airports and UMW Holdings.
Jupiter Securities head of research Pong Teng Siew said the market yielded mildly to profit-taking activities in the morning session following a fund inflow.
"There are some foreign funds moving into the country and with the limited upside, there's a temptation to take profit," he told Bernama.
Pong said although the global market edged up against prospects that the European Union summit on Friday would produce a workable agreement to contain the eurozone debt crisis, the local bourse remained on a cautious mode.
"The developments in the eurozone is foreseen to be on the mixed side today and on an uptrend in the US. "The local market is thus, torn between the leads, provided by the two developed markets," he added.
The Finance Index lost 57.33 points to 13,126.17, the Plantation Index increased 2.48 points to 7,850.54 while the Industrial Index eased 6.57 points to 2,673.45. The FBM Emas Index shed 31.68 points to 10,091.41, the FBM Mid 70 Index slipped 43.771 points to 10,955.09 and the FBM ACE Index added 20.09 points to 4,244.64.
Gainers outnumbered losers 319 to 278 while 271 counters were unchanged, 618 untraded and 24 others suspended. Turnover stood at 1.167 billion shares worth RM660.640 million.
Pavilion Real Estate Investment Trust, which made its debut on the Main Market today, was the most active stock, gaining 10 sen to RM1. It had opened at a 13 sen premium of RM1.03.
Among other actives, R&A Telecommunication gained two sen to 14 sen, Sanichi perked four sen to 21 sen and 1 Utopia-WA was unchanged at five sen. For the heavyweights, Maybank dropped three sen to RM8.17, Sime Darby slipped one sen to RM8.94, CIMB eased six sen to RM7.03 while Petronas Chemicals was unchanged at RM6.08. -- Bernama
