Friday 3 February 2012

KL shares mixed to lower at midday

KUALA LUMPUR: Share prices on Bursa Malaysia ended midday mixed to lower on continued selling pressure but selective buying trimmed losses, dealers said.

At 12.30pm, the benchmark FTSE Bursa Malaysia KLCI stood at 1,536.85, down 0.24 of a point, after hovering between 1,526.03 and 1,537.59 throughout the morning session.

One dealer said sentiment was also in tandem with weaker regional markets due to the unresolved European debt crisis and uncertain US economic outlook.

"Investors need to see whether the US employment data, due out this evening, remains positive, before they place their money on risk assets," he said.

Meanwhile, losers led gainers 449 to 298 while 335 counters were unchanged,390 untraded and 15 others remained suspended.

Turnover stood at 1.32 billion shares worth RM1.03 billion.

The Finance Index advanced 36.11 points to 13,582.42, the Industrial Index rose 16.43 points to 2,863.17 while the Plantation Index declined 40.03points to 8,727.28.

The FBM Emas Index eased 0.98 of a point to 10,713.03, FBM Ace Index lost18.68 points to 4,498.81 but the FBM Mid 70 index earned 3.62 points to12,368.32.

Among active stocks, Naim Indah Corp improved 2.5 sen to 11.5 sen, Petronas Chemicals-CF added two sen to 2.5 sen and Mahsing-CE rose 1.5 sen to 2.5 sen.

Heavyweights, Maybank eased one sen to RM8.33, Sime Darby gained 20 sen to RM9.48 and Petronas Chemicals added eight sen to RM6.81. -- BERNAMA



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