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KL shares end on easier note

August 28, 2012

KUALA LUMPUR: Share prices on Bursa Malaysia ended on an easier note today, in line with regional stock markets as concern over the European debt crisis grew further, dealers said.

The FTSE Bursa Malaysia KLCI (FBM KLCI) fell 1.02 points to close at 1,647.11, despite opening 0.11 of a point better at 1,648.24.

A dealer said investors were concerned about market talk that the crisis could move to Germany.

“So far, exports of cars and industrial machinery to stronger economies in Asia and the US have helped Germany grow, while low unemployment has buoyed consumer spending at home.

“However, those advantages may not be enough for much longer against the undertow from the eurozone crisis,” he said.

Meanwhile, Wall Street remained subdued, awaiting signals from the Federal Reserve about possible help for the economy, another dealer said.

“Investors are waiting on prospects for more economic stimulus from central banks in China and the US and a financial stability plan from the European Central Bank,” he added.

The Finance Index dwindled 67.85 points to 14,777.99, the Plantation Index slipped 1.17 points to 8,640.14 but the Industrial Index earned 2.71 points to 2,884.39.

The FBM Emas Index added 19.03 points to 11,250.61, the FBM 70 Index shed 66.01 points to 12,326.55 and the FBM Ace Index dropped 41.76 points to 4,606.14.

Losers led gainers 460 to 276, 357 counters were unchanged, 538 untraded and 32 others suspended.

Total turnover declined to 1.21 billion shares worth RM1.11 billion, from 1.24 billion shares worth RM1.07 billion registered yesterday.

Volume on the Main Market rose to 771.03 million units valued at RM986.48 million, from 664.312 million units valued at RM1.085 billion transacted on Friday.

Turnover on the ACE Market rose to 752.54 million shares worth RM1.02 billion, from 385.76 million shares worth RM72.18 million previously.

Warrants eased to 58.695 million units valued at RM5.78 million, from 71.45 million units valued at RM7.5 million.

Among volume leaders, Ingenuity Solutions lost nine sen to 35 sen, Astral Supreme decreased half a sen to 40 sen, but SAAG Consolidated earned half a sen to six sen and Takaso Resources added three sen to 24 sen.

Of the heavyweights, Maybank slipped three sen to RM9.15, CIMB fell five sen to RM7.83, Maxis erased two sen to RM7.00 and Sime Darby was flat at RM9.80.

Consumer products accounted for 173.09 million shares traded on the Main Market, industrial products 174.06 million, construction 14 million, trade and services 223.76 million, technology 40.31 million, infrastructure 8.29 million, finance 36.71 million, hotels 1.03 million, properties 58.31 million, plantations 14.02 million, mining 4,000, REITs 8.898 million and closed/fund 39,000.



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