Facebook Twitter Google Plus Vimeo Youtube Feed Feedburner

Business Home LBoard

Share prices end lower

May 16, 2012

KUALA LUMPUR: Share prices on Bursa Malaysia ended lower today, for the third consecutive day, due to weak sentiment amid persistent worries over the global economy, analysts said.

The FTSE Bursa Malaysia KLCI (FBM KLCI) ended 25.03 points or 1.6% lower at 1,536.04 – the lowest since end-February – after moving between 1,535.05 and 1,558.25 throughout the day.

Technically, the FBM KLCI index has hit the immediate support level of 1,555, as external vibes continued to be dragged down by Greece, HwangDBS Vickers said.

“Worries over the European debt crisis, particularly that of Greece, continued to weigh on market sentiment,” said Mercury Securities head of research Edmund Tham.

He said the prolonged political crisis had pushed the country to the verge of bankruptcy and Greece could exit from the euro-zone.

The country’s move to hold a fresh election has given investors another reason to be cautious despite several days of equity losses, he told Bernama.

The Finance Index erased 151.15 points to 13,760.01, the Plantation Index fell 207.89 points to 8,156.61 and the Industrial Index shed 56.46 points to 2,686.9.

The FBM Emas Index dwindled 180.09 points to 10,493.48, the FBM Mid 70 Index plunged 215.1 points to 11,434.28 and the FBM Ace Index dipped 109.62 points to 4,287.56.

Losers outpaced gainers 822 to 97 while 215 counters were unchanged.

Turnover rose to 1.33 billion shares, valued at RM2.06 billion, from 1.12 billion shares, worth RM1.64 billion, recorded yesterday.

Volume on the Main Market rose to 885.61 million shares, worth RM1.99 billion, from 797.18 million shares, valued at RM1.59 billion, registered yesterday.

Turnover on the ACE Market increased to 299.3 million shares, worth RM45.09 million, from 190.71 million shares, valued at RM35.05 million, recorded yesterday.

Warrants increased to 123.59 million units, valued at RM13.31 million, from 129.17 million units, worth RM14.96 million, transacted yesterday.

Among top losers, AEON fell 78 sen to RM10.14, BLD Plantation declined 65 sen to RM8.18 and KLK shed 64 sen to RM22.26.

Among active counters, Ariantec Global fell 2.5 sen to 20 sen, Focus Dynamics lost half-a-sen to 13.5 sen but Luster Industries gained 12.5 sen to 16 sen.

As for heavyweights, Maybank fell seven sen to RM8.56, Sime Darby shed 19 sen to RM9.54 and CIMB eased 14 sen to RM7.18.

Consumer products accounted for 60.3 million shares traded on the Main Market, industrial products 216.11 million, construction 36.55 million, trade and services 337.88 million, technology 30.67 million, infrastructure 30.24 million, finance 62.07 million, hotels 1.66 million , properties 65 million, plantations 32.26 million, mining 15,500, REITs 9.17 million and closed/fund 31,000.

– Bernama


Comments

Readers are required to have a valid Facebook account to comment on this story. We welcome your opinions to allow a healthy debate. We want our readers to be responsible while commenting and to consider how their views could be received by others. Please be polite and do not use swear words or crude or sexual language or defamatory words. FMT also holds the right to remove comments that violate the letter or spirit of the general commenting rules.

The views expressed in the contents are those of our users and do not necessarily reflect the views of FMT.

Comments