Tuesday 21 February 2012

KL shares end morning session lower

Share prices on Bursa Malaysia ended the morning session marginally lower today, tracking losses in the finance and plantation counters, dealers said.

At 12.30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI), finished 0.98 of a point weaker at 1,559.59, after opening 2.41 points higher at 1,562.98.

Dealers said investors were hesitant to raise their exposure on the market as they continued to be wary that the second bailout package for Greece, would not be a concrete solution to curb the Eurozone debt woes.

Back home, however, gains in selected key heavyweight counters like RHB Capital, Telekom and Petronas Dagangan lifted the FBM KLCI for it to stay above the 1,550 level.

RHB Capital added five sen to RM7.53, Telekom earned one sen to RM4.87 and Petronas Dagangan increased two sen to RM18.10.

The Finance Index decreased 16.13 points to 13,899.41, the Industrial Index lost 8.84 points to 2,901.28 and the Plantation Index declined 82.39 points to 8,738.36.

The FBM Emas Index fell 11.26 points to 10,830.99, the FBM Ace Index was down 1.56 points to 4,723.21 and the FBM Mid 70 Index decreased 23.979 points to 12,313.79.

Losers led gainers, 431 to 236, while turnover amounted to 913.217 million shares worth RM649.727 million.

For the actives, United Plantations surged 60 sen to RM23.36, Panasonic Manufacturing added 58 sen to RM21.00, while Maxis and BLD Plantation climbed 21 sen each to RM6.02 and RM10.04, respectively.

Among heavyweights, Maybank and Sime Darby stood unchanged at RM8.61 and RM9.63 respectively, and Petronas Chemicals gained three sen to RM6.95 but CIMB lost three sen to RM7.27. -- Bernama



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