Wednesday, 15 February 2012

KL shares lower at midday

Weighed down by losses in selected key heavyweights including Petronas Gas, Hong Leong Bank, Petronas Dagangan and British American Tobacco, the FTSE Bursa Malaysia KLCI (FBM KLCI) remained in the red at midday today, dealers said.

At 12.30pm, the benchmark index declined 6.59 points to 1,559.46, after opening 0.61 of a point better at 1,566.66.

Dealers said the subdued market sentiment over uncertainties in the eurozone, and the fourth quarter 2011 gross domestic product report to be released later today, continued to weigh in on trading.

Losers led gainers 374 to 303 on Bursa Malaysia while turnover amounted to 1.070 billion shares worth RM826.885 million.

The Finance Index declined 66.25 points to 13,836.45, the Industrial Index slipped 7.85 points to 2,904.25 and the Plantation Index dropped 28.2 points to 8,852.75.

The FBM Emas Index eased 35.18 points to 10,847.45, the FBM Ace Index slipped 18.84 points to 4,685.16 and the FBM Mid 70 Index inched down 3.570 to 12,369.69.

Volume leaders, Dialog Group-WA gained 30 sen to 34 sen, TSM Global added 14 sen to RM1.46 and Hap Seng Plantations rose 12 sen to RM3.17.

Among heavyweights, Maybank was unchanged at RM8.52, Sime Darby and CIMB each lost three sen to RM9.61 and RM7.28 respectively, while Petronas Chemicals slid two sen to RM6.96. -- Bernama

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