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KL shares close slightly easier

July 9, 2012

KUALA LUMPUR: Share prices on Bursa Malaysia closed slightly easier today on continued profit taking after a record high last Friday and coupled with a soft external markets performance, dealers said.

The FTSE Bursa Malaysia KLCI (FBM KLCI) shed 0.24 of a point to close at 1,620.31. It had moved between 1,616.24 and 1,620.54 in trading.

In moderate trading, the dealers said investors were hesitant to take any major position in the market, on jitters over external woes following a weaker than expected jobs data in the United States.

However, gains in some bluechip counters, helped the local bourse stay above the 1,615 level, a dealer said.

The Finance Index surged 70.88 points to 14,508.60, the Plantation Index lost 19.93 points to 8,737.24, and the Industrial Index declined 14.90 points to 2,857.06.

The FBM Emas rose 4.66 points to 11,090.91, the FBM Ace Index dipped 11.92 points to 4,387.25, and the FBM 70 Index slid 39.28 points to 12,222.33.

Losers led gainers by 423 to 319 while 333 counters were unchanged, 496 untraded and 19 others suspended.

Turnover increased to 1.266 billion shares worth RM1.293 billion from the 1.14 billion shares worth RM1.52 billion last Friday.

Of the actives, Ariantec Global fell 3.5 sen to 9.5 sen, Metronic Global lost three sen to 8.5 sen and Naim Indah Corp added half-a-sen to 30 sen.

Among the heavyweights, Maybank was up three sen to RM8.70, Sime Darby was flat at RM9.93, CIMB rose four sen to RM7.74 and Petronas Chemicals eased two sen to RM6.56.

Volume on the Main Market increased to 785.055 million units worth RM1.208 billion from the 756.60 million units worth RM1.46 billion last Friday.

Turnover on the ACE Market rose to 378.407 million shares valued at RM68.505 million from 222.886 million shares valued at RM37.70 million previously.

Warrants fell to 100.845 million units worth RM15.125 million from 156.74 million units worth RM23.19 million.

Consumer products accounted for 54.375 million shares traded on the Main Market, industrial products 136.02 million, construction 23.784 million, trade and services 360.068 million, technology 40.081 million, infrastructure 7.438 million, finance 61.354 million, hotels 258,100 million, properties 67.558 million, plantations 29.543 million, mining 5,500, REITs 4.543 million and closed/fund 24,000.

– Bernama


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