Monday 16 January 2012

KL shares remain weak at midmorning

Share prices on Bursa Malaysia remained weak at midmorning today amid bearish sentiment in the global market on renewed worries over the euro zone debt crisis, dealers said.

At 10.45am, the underlying FBM KLCI declined 9.79 points or 0.64 per cent to 1,513.28 after opening 2.68 points lower at 1,520.39.

Trading was bearish with 399 losers and 115 losers while 219 counters traded unchanged.

Volume was 459.44 million shares valued at RM243.59 million.

A dealer said investors turned wary of risk after credit rating downgrades for nine euro zone economies including France, Italy and Spain.

On Bursa Malaysia, the Finance Index fell 83.22 points to 13,368.45, the Plantation Index dropped 56.14 points to 8,449.84 and the Industrial Index slid 14.85 points to 2,783.17.

The FBM Emas Index declined 70.04 points to 10,442.36, the FBM Mid 70 Index dwindled 91.53 points to 11,746.99 and the FBM ACE Index decreased 36.19 points to 4,264.28.

Among volume leaders, Compugates wsa up one sen to eight sen, Asia Media rose 5.5 sen to 35 sen and Digistar gained two sen to 48.5 sen.

Among heavyweights, Maybank slipped six sen to RM8.20, Sime Darby dipped five sen to RM9.10 and CIMB fell seven sen to RM7.20. -- BERNAMA



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