| BURSA MALAYSIA: Share Prices Lower At Mid-day |
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KUALA LUMPUR, Oct 4 (Bernama) -- Share prices on Bursa Malaysia remained lower at mid-day Thursday due to persistent profit-taking activities, particularly in finance and property related stocks, dealers said.
They said that losses on Wall Street overnight, coupled with investors exercising caution ahead of Friday's release of the US jobs data, also contributed to the downtrend this morning.
"The jobs data to be released on Friday will offer more clues to investors on the health of the US economy," one of the dealers said.
He said although active profit-taking activities were seen in several blue chips, including Telekom Malaysia, lower liners and penny stocks continued to attract retail participation.
The local bourse also followed closely the mixed performances by regional peers, he added.
At noon break, the Kuala Lumpur Composite Index (KLCI) declined 5.52 points to 1,361.44 after opening 1.48 points lower at 1,365.48.
The Second Board Index was 0.24 of a point higher at 105.02 while the Industrial Index lost 26.96 points to 2,684.19, the Finance Index dropped 26.73 points to 10,714.0 and the Mesdaq Index fell 0.05 of a point to 122.32.
Of the FTSE-BM Index series, the FBMEmas went down 33.73 points to 9,176.55 and the FBM30 declined 42.76 points to 8,611.04.
Losers led gainers by 454 to 250 while 256 counters were unchanged, 430 still untraded and 28 suspended.
Volume stood at 616.828 million shares worth RM849.911 million.
Today's trading range is expected to be between 1,360 and 1,375, with the immediate support at 1,300 and immediate resistance at 1,395.
Among the active counters at noon break were Silver-WA which rose 6.5 sen to 22.5 sen, Jaks Resources which added seven sen to RM1.07 sen and Compugates which was one sen lower at 16 sen.
Of the heavyweights, both Maybank and Bumiputra-Commerce remained flat at RM11.20 and RM11 respectively while Tenaga Nasional advanced 10 sen to RM9.85 and Telekom Malaysia dropped 10 sen to RM10.70.
-- BERNAMA
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