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KL shares remain lower at close

April 9, 2012

KUALA LUMPUR: Share prices on Bursa Malaysia remained lower at close today as investors continued to reduce their holdings, particularly in selected heavyweights, dealers said.

The investors were awaiting fresh leads from the US and European markets when these bourses opened later in the day, after being closed last Friday due to the Easter rest day, the dealers said.

At 5 pm, the benchmark FTSE Bursa Malaysia (FBM) KLCI ended 7.59 points lower at 1,591.28.

The barometer index, which opened 0.16 of a point higher at 1,599.03, moved between 1,588.58 and 1,599.03 during the day’s trading.

The Finance Index lost 62.17 points to 14,317.43, the Plantation Index decreased 33.93 points to 8,739.83 and the Industrial Index slipped 13.97 points to 2,858.46.

The FBM Emas Index dropped 48.261 points to 10,915.35, the FBM 70 Index was 45.359 points lower at 12,007.61, the FBM ACE Index eased 8.62 points to 4,525.98 and FBMT100 Index slid 48.96 points to 10,716.

Losers led gainers by 468 to 238 while 322 counters were unchanged, 501 untraded and 26 others suspended.

Total turnover declined to 1.076 billion shares worth RM1.077 billion from last Friday’s close of 1.275 billion units valued at RM1.143 billion.

Total volume on the Main Market declined to 736.08 million shares valued at RM1.019 billion from the 809.087 million units worth RM1.07 billion last Friday.

Turnover on the ACE Market slipped to 280.934 million shares worth RM47.18 million from the 378.784 million units worth RM57.668 million previously.

Warrants dropped to 50.422 million shares worth RM6.823 million from the 77.961 million shares valued at RM11.553 million previously.

The top losers were British Americam Tobacco which lost 74 sen to RM54.72, Krisassets Holdings slid 21 sen to RM6.67 and Toyo Ink Group was 20 sen lower at RM1.47.

For the actives, Naim Indah eased four sen to 53 sen and Metronic Global shed one sen to 16.5 sen, while DVM Technology rose 2.5 sen to 13.5 sen.

Main Market debutant, Eita Resources, closed six sen higher at 82 sen compared to its offer price of 76 sen with a total of 38.078 million shares changing hands.

Among heavyweights, Maybank slipped four sen to RM8.84, Sime Darby shed one sen to RM9.85, CIMB Group eased two sen to RM7.72 and Petronas Chemicals was three sen lower at RM6.71.

Consumer products accounted for 57.509 million shares traded on the Main Market, industrial products 109.128 million, construction 16.513 million, trade and services 380.815 million, technology 16.734 million, infrastructure 26.86 million, finance 39.646 million, hotels 825,500, properties 64.66 million, plantations 12.005 million, mining nil, REITs 1.937 million and closed/fund 36,500.

– Bernama


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