KUALA LUMPUR (Feb 23): Shares of Sentoria Group Bhd, the first initial public offering (IPO) of the year, fell 9.7% at the closing bell, failing to excite investors as fears of an economic slowdown brought on by possible high oil prices and the ongoing European debt saga.
Sentoria's share price closed at 78.5 sen, down 8.5 sen from its reference price of 87 sen, with 34.2 million shares traded in.
Meanwhile, the FBM KLCI on Thursday ended 3.86 points lower, or 0.25%, to close at 1,556.66, dragged down by banks — such as CIMB Group Holdings (down 8 sen to RM7.16), Hong Leong Bank (down 18 sen to RM11.66), and RHB Cap (down 17 sen to RM7.61) — to bring the index down 2.07 points.
A total of 1.95 billion shares were traded in, valued at RM2.11 billion. Losers led gainers 689 to 217, while 264 counters traded unchanged.
Regionally, markets closed on a weak note, as fears of a possible economic slowdown brought on by high oil prices and the ongoing European debt saga continues.
South Korea's Kospi was down 1.03% to 2,007.80, Taiwan's Taiex fell 0.80% to 7,937.30, Hong Kong's Hang Seng Index was lower by 0.78% to 21,380.99, and Singapore's Straits Index dropped 0.92% to 2,968.34.
However, Japan's Nikkei 225 (up 0.44% to 9,595.57) and Shanghai's Composite Index (up 0.25% to 2,409.55) bucked the trend.
On Bursa Malaysia, top gainers included United PLANTATION []s (up 76 sen to RM24.18), ORIENTAL HOLDINGS BHD [] (up 56 sen to RM6.34) and MBM RESOURCES BHD [] (up 41 sen to RM4.89).
Top losers included British American Tobacco (down 64 sen to RM52.12) and Batu Kawan Holdings (down 30 sen to RM18.50).
Most actively traded was Naim Indah Corporation, which was down 3.5 sen to close at 42 sen, with 68 million shares traded in.
Sentoria's share price closed at 78.5 sen, down 8.5 sen from its reference price of 87 sen, with 34.2 million shares traded in.
Meanwhile, the FBM KLCI on Thursday ended 3.86 points lower, or 0.25%, to close at 1,556.66, dragged down by banks — such as CIMB Group Holdings (down 8 sen to RM7.16), Hong Leong Bank (down 18 sen to RM11.66), and RHB Cap (down 17 sen to RM7.61) — to bring the index down 2.07 points.
A total of 1.95 billion shares were traded in, valued at RM2.11 billion. Losers led gainers 689 to 217, while 264 counters traded unchanged.
Regionally, markets closed on a weak note, as fears of a possible economic slowdown brought on by high oil prices and the ongoing European debt saga continues.
South Korea's Kospi was down 1.03% to 2,007.80, Taiwan's Taiex fell 0.80% to 7,937.30, Hong Kong's Hang Seng Index was lower by 0.78% to 21,380.99, and Singapore's Straits Index dropped 0.92% to 2,968.34.
However, Japan's Nikkei 225 (up 0.44% to 9,595.57) and Shanghai's Composite Index (up 0.25% to 2,409.55) bucked the trend.
On Bursa Malaysia, top gainers included United PLANTATION []s (up 76 sen to RM24.18), ORIENTAL HOLDINGS BHD [] (up 56 sen to RM6.34) and MBM RESOURCES BHD [] (up 41 sen to RM4.89).
Top losers included British American Tobacco (down 64 sen to RM52.12) and Batu Kawan Holdings (down 30 sen to RM18.50).
Most actively traded was Naim Indah Corporation, which was down 3.5 sen to close at 42 sen, with 68 million shares traded in.
