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Bursa Malaysia ends marginally easier

July 31, 2012

KUALA LUMPUR: Bursa Malaysia ended marginally easier today after its earlier gains were pared down by losses in selected bluechips and index-linked counters, dealers said.

However, the underlying FTSE Bursa Malaysia KLCI (FBM KLCI) finished 0.75 of a point higher at 1,631.6, after hovering between 1,628.96 and 1,635.59 throughout the day.

The dealers said local investor sentiment was a little cautious compared to other regional markets on renewed concerns over the external economic condition.

HwangDBS Vickers Research said there were no visible overnight leads from Wall Street with major US equity indices ending between flat and minus 0.4% amid growing economic concerns.

The Finance Index declined 25.12 points to 14,689.44 and the Industrial Index shed 28.460 points to 2,859.47, but the Plantation Index gained 50.65 points to 8,796.47.

The FBM Emas Index advanced 6.19 points to 11,175.23, the FBMT100 increased 4.29 points to 10,992.07, and the FBM Ace Index earned 47.6 points to 4,420.26.

Gainers outpaced losers 418 to 350, while 309 counters closed unchanged, 508 untraded and 20 others suspended.

Total volume appreciated to 1.175 billion shares valued at RM1.868 billion from the 1.229 billion shares valued at RM1.285 billion yesterday.

Among active stocks, Luster Industries was flat at 10.5 sen, while newly-listed Gabungan AQRS gained four sen to RM1.22 and Hubline slipped half-a-sen to seven sen.

Of the heavyweights, CIMB chalked up one sen to RM7.85 and Petronas Chemicals rose two sen to RM6.59.    Maybank and Sime Darby were flat at RM8.76 and RM9.83 respectively.

Of the top gainers, Dutch Lady improved 90 sen to RM37.00, United Plantations added 50 sen to RM26.00, KLK gained 40 sen to RM23.76 and F&N earned 22 sen to RM19.20.

Among the top losers, Petronas Gas shed 80 sen to RM18.50, BAT lost 62 sen to RM59.74 and Petronas Dagangan fell 40 sen to RM21.00.

The Main Market volume fell to 969.481 million units valued at RM1.824 billion from the 995.785 million units worth RM1.24 billion recorded yesterday.

Turnover on the ACE Market eased to 145.203 million shares valued at RM33.222 million from 171.15 million shares worth RM35.29 million previously.

Warrants declined to 55.465 million units valued at RM7.830 million from the 60.051 million units worth RM8.456 million registered yesterday.

Consumer products accounted for 119.189 million shares traded on the Main Market, industrial products 174.465 million, construction 63.198 million, trade and services 404.793 million, technology 27.321 million, infrastructure 16.983 million, finance 43.958 million, hotels 3.679 million, properties 82.502 million, plantations 25.836 million, mining 111,200, REITs 7.391 million and closed/fund 50,200.



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