Wednesday, 22 February 2012

KLK sees profit taking after 70 sen a share dividend went ex

KUALA LUMPUR (Feb 22): Shares of Kuala Lumpur Kepong (KLK) fell to an intra-morning low of RM23.70 on Wednesday as investors took profit after its dividend of 70 sen a share went ex.

At 11.52am, it was down 24 sen to RM23.76 with 140,800 shares done, extending the losses from Tuesday when it fell 14 sen. The dividend went ex on Tuesday.

The FBM KLCI fell 1.91 points to 1,561.87. Turnover was 997.72 million shares done valued at RM611.22 million. There were 273 gainers, 417 losers and 298 stocks unchanged.

KLK is due to announce its first quarter results for the October-December 2011 period on Wednesday.



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