Finance and plantation-related counters contributed to the soft performance on Bursa Malaysia today with the FTSE Bursa Malaysia KLCI (FBM KLCI) easing 5.67 points to 1,560.38 as at 3.05pm, dealers said.
Hong Leong bank, Kuala Lumpur Kepong, IGB Corporation, United Plantations, IOI Corporation, Sime Darby and CIMB were among the stocks in losses.
Dealers said market players were cautious ahead of the release of the domestic economic growth data later today, contributing to the bearish performance against an improved market sentiment in the region.
Nevertheless, the market sentiment was more optimistic following a pledge from China to help resolve Europe's debt crisis. The Finance Index lost 51.66 points to 13,851.04, the Industrial Index declined 5.33 points to 2,906.77 and the Plantation Index decreased 20.31 points to 8,861.24.
The FBM Emas eased 30.29 points to 10,852.34, the FBM 70 Index dropped 5.21 points to 12,368.06 and the FBM Ace Index was 16.7 points lower at 4,687.3. Losers led gainers 395 to 329 while 353 counters were unchanged. Total volume was 1.392 billion shares worth RM1.099 billion.
Among active stocks, Dialog Group-WA rose 30.5 sen to 34.5 sen, Sapuracrest Petroleum and TSM Global each added 16 sen to RM5.09 and RM1.48 respectively.
Of the heavyweights, Maybank was unchanged at RM8.52, Sime Darby fell two sen to RM9.62, Petronas Chemicals slipped four sen to RM6.94 and CIMB slid one sen to RM7.30. -- Bernama
Hong Leong bank, Kuala Lumpur Kepong, IGB Corporation, United Plantations, IOI Corporation, Sime Darby and CIMB were among the stocks in losses.
Dealers said market players were cautious ahead of the release of the domestic economic growth data later today, contributing to the bearish performance against an improved market sentiment in the region.
Nevertheless, the market sentiment was more optimistic following a pledge from China to help resolve Europe's debt crisis. The Finance Index lost 51.66 points to 13,851.04, the Industrial Index declined 5.33 points to 2,906.77 and the Plantation Index decreased 20.31 points to 8,861.24.
The FBM Emas eased 30.29 points to 10,852.34, the FBM 70 Index dropped 5.21 points to 12,368.06 and the FBM Ace Index was 16.7 points lower at 4,687.3. Losers led gainers 395 to 329 while 353 counters were unchanged. Total volume was 1.392 billion shares worth RM1.099 billion.
Among active stocks, Dialog Group-WA rose 30.5 sen to 34.5 sen, Sapuracrest Petroleum and TSM Global each added 16 sen to RM5.09 and RM1.48 respectively.
Of the heavyweights, Maybank was unchanged at RM8.52, Sime Darby fell two sen to RM9.62, Petronas Chemicals slipped four sen to RM6.94 and CIMB slid one sen to RM7.30. -- Bernama
