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Share prices close lower, FBMKLI ends at intra-day low of 1,570.94

June 14, 2012

KUALA LUMPUR: Share prices on Bursa Malaysia closed lower today as investors continued to reduce their holdings as concerns over the weakening external economic environment continued to rise, dealers said.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined 5.29 points to 1,570.94, which was also the intra-day low level for today, compared with yesterday’s close of 1,576.23.

Regionally, other bourses were experiencing the downtrend too with Japan’s Nikkei 225 slipping 18.95 points to 8,568.89, Hong Kong’s Hang Seng dropping 218.12 points to 18,808.40 and Singapore’s Straits Times Index declining 13.24 points to 2,773.64.

On the local front, the Finance Index decreased 22.529 points to 14,082.15, the Plantation Index was 15.359 points lower at 8,369.28 and the Industrial Index dropped 20.16 points to 2,761.07.

The FBM Emas Index decreased 34.27 points to 10,719.99, the FBM Mid 70 Index was down by 32.99 points to 11,695.09, the FBMT100 was 34.41 points lower at 10,550.95 and the FBM ACE Index slid 34.52 points to 4,167.64.

Losers led gainers 381 to 267 while 325 counters were unchanged, 579 untraded and 16 others suspended.

Turnover eased to 670.945 million shares valued at RM1.127 billion from yesterday’s close of 677.021 million units worth RM1.216 billion.

Volume on the Main Market rose to 499.479 million shares valued at RM1.1 billion from yesterday’s close of 454.785 million shares worth RM1.181 billion.

Turnover on the ACE Market, however, declined to 113.214 million shares worth RM19.338 million compared with 145.272 million units valued at RM25.453 million recorded yesterday.

Total volume for warrants dropped to 57.59 million shares worth RM75.36 million compared with Wednesday’s close of 75.36 million shares valued at RM9.148 million.

Of heavyweights, Maybank and Petronas Chemicals shed three sen each to RM8.70 and RM6.35 respectively, CIMB was four sen lower at RM7.47 while Sime Darby was unchanged at RM9.73.

Among actives, Nicorp was unchanged at 30.5 sen while Luster and Luster-WA eased half sen each to 7.5 sen and three sen respectively.

Consumer products accounted for 20.744 million shares traded on the Main Market, industrial products 131.404 million, construction 17.305 million, trade and services 197.85 million, technology 25.152 million, infrastructure 10.881 million, finance 37.301 million, hotels 280,200, properties 33.631 million, plantations 16.433 million, mining nil, REITs 8.486 million and closed/fund 11,500.

– Bernama


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