Thursday 19 January 2012

KL shares reverses earlier gain at mid-afternoon

Shares on Bursa Malaysia gave up early gains at mid-afternoon today amid lack of buying interest ahead of the extended Chinese New Year weekend, dealers said.

At 3pm, the FBM KLCI lost 1.89 points to 1,515.49 as investors reduced positions in selected heavyweights. It had opened 1.58 points lower at 1,515.80.

Market sentiment remained bearish with losers leading gainers 358 to 300 and 320 counters unchanged. Volume totalled 1.23 billion shares worth RM844.84 million.

The Finance Index dropped 25.84 points to 13,406.87 and the Industrial Index declined 2.83 points to 2,773.92. The Plantation Index increased 18.84 points to 8,504.87.

The FBM Mid 70 was up 18.71 points to 11,818.19 and the FBM Ace rose 9.81 points to 4,296.36. The FBM Emas slipped 6.11 points to 10,470.02.

Volume leader DBE Gurney was half sen higher at 11.5 sen, Media Shoppe advanced 12 sen to 21 sen and Media Shoppe-Warrants jumped 10.5 sen to 11 sen.

Among heavyweights, Maybank slid eight sen to RM8.20, Sime Darby was unchanged at RM9.10 while Petronas Chemicals gained four sen to RM6.68. -- Bernama



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