Storify Feed Feedburner Facebook Twitter Flickr Youtube Vimeo

ROS Lboard

Share prices close flat on lacklustre trade

June 13, 2012

KUALA LUMPUR: Share prices on Bursa Malaysia closed flat today on the back of a lacklustre market with the FTSE Bursa Malaysia KLCI (FBM KLCI) ending at its intra-day low level of 1,576.23.

As at 5 pm, the barometer index was up 0.16 of a point to 1,576.23 compared with yesterday’s close of 1,576.07.

Dealers said concerns over weak market fundamentals globally heightened, and made most investors stay on the sidelines while waiting for good news from either United States on possible additional financial stimulus or further move by European economies to help Spain.

Elsewhere, regional bourses saw mixed performances with Japan’s Nikkei 225 improving 51.12 points to 8,587.84, Hong Kong’s Hang Seng jumping 153.96 points to 19,026.52 and Singapore’s Straits Times Index slipping 10.16 points to 2,786.92.

On the local front, the Finance Index dropped 20.59 points to 14,104.68 but the Plantation Index improved 32.14 points to 8,384.64 and the Industrial Index added 1.45 points to 2,781.23.

The FBM Emas Index increased 7.49 points to 10,754.26, the FBM Mid 70 Index rose 25.63 points to 11,728.08, the FBMT100 was 5.37 points higher at 10,585.36 and the FBM ACE Index advanced 22.85 points to 4,202.16.

Gainers outnumbered losers 386 to 282 while 334 counters were unchanged, 549 untraded and 14 others suspended.

Turnover declined to 677.021 million units worth RM1.216 billion from yesterday’s closing of 707.438 million shares valued at RM1.073 billion.

Volume on the Main Market slipped to 454.785 million shares, valued at RM1.181 billion, compared with 547.284 million shares, worth RM1.047 billion, registered yesterday.

Turnover on the ACE Market, however, rose to 145.272 million units, worth RM25.453 million, from Tuesday’s 98.027 million units, valued at RM15.629 million.

Total volume for warrants increased to 75.36 million shares, valued at

RM9.148 million, from 61.208 million shares, worth RM10.008 million, recorded yesterday.

Of heavyweights, Maybank and Sime Darby remained unchanged at RM8.73 and RM9.73, respectively, but CIMB perked one sen to RM7.51 while Petronas Chemicals slipped four sen to RM6.38.

Actives, Focus eased half-a-sen to 14 sen while Asia Media added 1.5 sen to 40.5 sen and MAS-CG added one sen to 3.5 sen.

Consumer products accounted for 30.509 million shares traded on the Main Market, industrial products 89.78 million, construction 30.217 million, trade and services 169.359 million, technology 14.641 million, infrastructure 12.337 million, finance 43.299 million, hotels 232,400, properties 45.088 million, plantations 12.492 million, mining 30,000, REITs 6.711 million and closed/fund 194,873.

- 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