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Bursa Malaysia ends mixed after choppy trade

May 25, 2011

KUALA LUMPUR: Share prices on Bursa Malaysia finished mixed, after a day of choppy trading, as most bluechips gained in the eleventh hour of trade, a dealer said.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) finished 12.05 points better at 1,528.98, as gains in IOI Corp, Petronas Chemicals, Telekom Malaysia and Petronas Dagangan helped the key index remain in the positive territory.

IOI Corp rose eight sen to RM5.33, Petronas Chemicals was five sen higher atRM7.13, Telekom Malaysia added 10 sen to RM3.90 and Petronas Dagangan increased 36 sen to RM15.66.

However, losers continued to outpace gainers 422 to 294 with the day’s turnover decreasing to 767.205 million shares, worth RM1.4 billion, from 812.197 million shares, worth RM1.54 billion, registered yesterday.

“The local market traded within a tight range as most investors remained sidelined amid the lack of market moving news,” a dealer said.

Sentiment was also dampened by the slump in regional stocks and commodities coupled with mounting concern over the European financial crisis, the dealer said.

The Finance Index increased 26.94 points to 14,303.08, the Industrial Index added 1.98 points to 2,7008.6 and the Plantation Index was up 18.36 points to 7,684.7.

The FTSE Bursa Malaysia Emas Index fell 5.78 points to 10,561.46, the FTSE Bursa Malaysia Mid 70 Index declined 131.26 points to 11,432.46 and the FTSE Bursa Malaysia Ace Index decreased 3.99 points to 4,302.25.

Among active stocks, Karambunai and Jotech, were both flat at 21 sen and 14.5, respectively, UEM Land declined two sen to RM2.79 while GSB Group gained half-a-sen to 13.5 sen.

M-Mode dropped 2.5 sen to 24 sen and Land and General lost two sen to 45 sen.

As for heavyweights, Maybank added three sen to RM8.79, Axiata and Maxis added one sen each to RM4.97 and RM5.41, respectively while Sime Darby lost two sen to RM9.06.

CIMB earned four sen to RM8.27 while KLK slipped 16 sen to RM21.50.

Volume on the Main Market declined to 554.654 million units, worth RM1.33 billion, from 628.414 million shares, valued at RM1.505 billion, recorded yesterday.

Turnover on the ACE Market increased to 137.018 million units, valued at RM2.67 billion, from yesterday’s 107.726 million shares worth RM22.725 million.

Warrants decreased to 69.517 million units, worth RM10.535 million, from74.278 million units, valued at RM11.646 million, previously.

Consumer products accounted for 28.3 million shares traded on the Main Market, industrial products 115.7 million, construction 30.8 million, trade and services 203.4 million, technology 19.3 million, infrastructure 9.3 million, finance 50.4 million, hotels 662,600, properties 81 million, plantations 14.6 million, mining 24,800, REITs 1.3 million and closed/fund 14,800.

– Bernama


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