Facebook Twitter Google Plus Vimeo Youtube Feed Feedburner

Business Home LBoard

Share prices close lower on profit-taking

July 20, 2012

KUALA LUMPUR: Share prices on Bursa Malaysia closed lower today on profit-taking as investors trim their positions ahead of the weekend, dealers said.

The benchmark FTSE Bursa Malaysia KLCI fell 1.6 points to close at 1,643.

The market barometer moved between 1,641.58 and 1,647.41 throughout the day.

A dealer said profit-taking ahead of the weekend and the prolonged overbought momentum restricted the index from breaking the 1,560 level.

“However, the market is expected to test the resistance level once trading resumes next week,” he said.

The Finance Index declined 39.15 points to 14,691.21.

The Plantation Index rose 16.59 points to 8,864.93 and the Industrial Index was 4.03 points higher at 2,874.62.

The FBM Emas Index went up 3.439 points to 11,257.47 and the FBMT100 increased 2.811 points to 11,073.65.

The FBM Ace Index was 20.99 points lower at 4,300.6.

Decliners led advancers by by 410 to 376 while 352 counters closed unchanged, 449 untraded and 11 others suspended.

Total volume rose to 1.22 billion shares valued at RM1.718 billion from 1.109 billion shares valued at RM1.591 billion yesterday.

Among actives, Metronics, Ariantec Global and Cybertowers added one sen each to 9.5 sen, eight sen and 32 sen respectively, DRB HICOM-CJ:CW earned 2.5 sen to 20 sen and Asia Media Group rose 1.5 sen to 58.5 sen.

For heavyweights, Maybank lost four sen to RM8.74, CIMB slipped two sen to RM7.88 and Petronas Chemicals eased seven sen to RM6.52.

Tenaga gained eight sen to RM6.83. Sime Darby was flat at RM9.94.

The Main Market volume rose to 812.549 million units valued at RM1.643 billion from 767.578 million units valued at RM1.521 billion yesterday.

Turnover on the ACE Market increased to 254.193 million shares worth RM53.950 million from 232.649 million shares worth RM50.968 million yesterday.

Warrants surged to 150.709 million units valued at RM20.531 million from 103.534 million units valued at RM17.107 million registered yesterday.

Consumer products accounted for 65.079 million shares traded on the Main Market, industrial products 142.959 million, construction 41.962 million, trade and services 336.478 million, technology 18.022 million, infrastructure 17.184 million, 55.048 million, hotels 311,900, properties 96.966 million, plantations 35.163 million, mining 109,900, REITs 3.229 million and closed/fund 32,000.

– Bernama


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.