Friday, 27 January 2012

KL shares mixed at midday

Share prices on Bursa Malaysia ended the morning session mixed today as investors remained on the sidelines amid the cautious market sentiment, dealers said.

At lunch break, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) eased 2.12 points to 1,521.74. It had opened 0.01 of a point higher at 1,523.87.

Another dealer said investors preferred to take a conservative approach amid continued talks between the Greek government and private-sector creditors over its debt crisis.

"Greece and its private-sector creditors agreed to meet again on Friday in a race to negotiate a 100 billion euro (US$131 billion) debt write-down for the country," he said.

A total of 1.21 billion shares worth RM893.67 million changed hands with gainers leading losers by 357 to 345.

The Finance Index slipped 29.87 points to 13,466.74, while the Plantation Index gained 16.44 points to 8,743.65 and the Industrial Index earned 2.99 points to 2,795.69.

The FBM Emas rose 5.88 points to 10,580.49, the FBM Mid 70 jumped 75.77 points to 12,137.79 and the FBM ACE increased 9.74 points to 4,460.14.

Among active stocks, The Media Shoppe stood unchanged at 11.5 sen, while Karyon Industries Warrants added two sen to six sen and DRB-Hicom advanced four sen to 10 sen.

Among heavyweights, Petronas Chemicals earned one sen to RM6.68, while Maybank and Sime Darby eased one sen each to RM8.21 and RM9.07, respectively. -- BERNAMA



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