Monday 19 March 2012

KL shares mixed at mid-day

Share prices on Bursa Malaysia trended mixed at midday today in line with the uncertain movement in regional markets, dealers said.

At 12.30pm, the FBM KLCI was 2.32 points higher at 1,573.72, after opening 2.9 points higher at 1,574.3. A dealer said investors were cautious after the weaker-than-expected US economic data recently.

"Unexpected weakness in consumer sentiment adds to the overall caution," he said.

The Finance Index eased 2.47 points to 14,190.18 but the Plantation Index rose 20.42 points to 8,596.61 and the Industrial Index added 16.72 points to 2,832.45.

The FBM Emas Index advanced 12.55 points to 10,858.38, the FBM Mid 70 Index earned 4.86 points to 12,150.47 while the FBM ACE Index slipped 15.76 points to 4,649.

Losers led gainers 363 to 265 while 287 counters were unchanged and 21 untraded. Trading volume stood at 1.05 billion shares valued at RM658.48 million.

Among active stocks, Ariantec Global added 2.5 sen to 12 sen while Pan Malaysian, Metronic Global and IFCA MSC earned half a sen each to 5.5 sen, 13 sen and 12 sen respectively.

Among heavyweights, Maybank lost seven sen to RM8.74, CIMB eased two sen to RM7.64, Petronas Chemicals shed four sen to RM6.72 while Sime Darby was flat at RM9.75. -- Bernama



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