Wednesday, February 10, 2010

November 18, 2009 17:49 PM

BURSA MALAYSIA: Share Prices End Broadly Lower

KUALA LUMPUR, Nov 18 (Bernama) -- Share prices on Bursa Malaysia closed broadly lower today in line with most regional markets as profit taking in heavyweights outpaced the last minute bargain hunting, said a dealer.

At 5pm, the FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) shed 4.85 points to 1,275.1 after opening 0.78 of a point lower at 1,279.17.

The listing of Maxis Communications tomorrow may also have kept investors at bay today, MIMB Investment Bank said in its research note.

The FBM Emas Index shed 18.35 points to 8,521.36, the FBM Top 100 slipped 21.18 points to 8,319.61 but the FBM 70 gained 20.28 points to 8,262.25.

The FBM ACE jumped 23.68 points to 4,468.58.

The Industrial Index dropped 12.84 points to 2,695.78 and the Plantation Index shed 21.44 points to 6,205.01 while the Finance Index dipped 21.61 points to 11,039.79.

Advancers led decliners by 347 to 295 while 282 counters were unchanged and 350 others untraded.

Overall volume was lower at 945.197 million shares worth RM1.017 billion compared with Tuesday's 1.044 billion shares worth RM1.271 billion.

Leading the actives,Scomi Group Loan Rights inched down half a sen to 2.5 sen, Silver Bird-Warrants perked eight sen to 23.5 sen, LB Aluminium-Warrants edged up six sen to 12 sen and Affin-Warrants 3 jumped 2.5 sen to 33.5 sen.

DFZ Capital was the top gainer, up 40 sen to RM4.34, followed by Top Glove, which rose 27 sen to RM8.72 and Nestle which went up 20 sen to RM32.60.

Of the heavyweights, Sime Darby eased eight sen to RM9.00, Maybank, Tenaga Nasional and Public Bank were all flat at RM6.94, RM8.48 and RM10.98 respectively, while CIMB Group slipped 12 sen to RM13.04.

Turnover on the Main Market dropped to 769.541 million shares worth RM995.299 million as against the 869.517 million shares worth RM1.242 billion posted on Tuesday.

The ACE Market volume declined to 55.66 million shares worth RM1.191 million from 73.077 million shares worth RM8.397 million previously.

The volume of Warrants fell to 15.77 million units worth RM3.914 million against the 22.254 million units worth RM5.659 million previously.

Consumer products accounted for 103.792 million shares traded on the Main Market, industrial products 197.448 million, construction 29.142 million, trade and services 218.397 million, technology 48.717 million, infrastructure 13.54 million, finance 84.11 million, hotels 805,200 million, properties 58.982 million, plantations 13.29 million, mining 59,000, REITs 1.211 million and closed/fund 37,000.

-- BERNAMA

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