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KL shares end on easier note

August 29, 2012

KUALA LUMPUR: Share prices on Bursa Malaysia ended on an easier note today, as investors remained sidelined, awaiting fresh leads from the ongoing European debt crisis, dealers said.

The FTSE Bursa Malaysia KLCI (FBM KLCI) fell 1.52 points to close at 1,645.58, despite opening 1.1 points better at 1,648.21.

A dealer said investors were awaiting the outcome of a meeting of central bankers and economists, including US Federal Reserve chairman Ben Bernanke, at Jackson Hole, Wyoming in the US later this week.

For the local bourse, he said, losses were mostly seen in the plantation and palm oil counters including Kuala Lumpur Kepong and Genting Plantations.

“Investors are also waiting to see if there will be more moves to stimulate the sluggish US economy,” another dealer said.

The Finance Index declined 5.47 points to 14,772.52, the Plantation Index slipped 30.35 points to 8,609.79 and the Industrial Index lost 5.98 points to 2,878.41.

The FBM Emas Index shed 12.62 points to 11,237.99, the FBM 70 Index decreased 28.93 points to 12,297.62 but the FBM Ace Index gained 28.81 points to 4,634.95.

Losers led gainers 363 to 352, 368 counters were unchanged, 549 untraded and 35 others suspended.

Total turnover increased to 1.26 billion shares worth RM1.296 billion from 1.21 billion shares worth RM1.11 billion registered yesterday.

Volume on the Main Market declined to 733.14 million units valued at RM1.19 billion from 771.03 million units valued at RM986.48 million transacted yesterday.

Turnover on the ACE Market shed to 460.01 million shares worth RM93.96 million from 752.54 million shares worth RM78.63 million previously.

Warrants eased to 57.68 million units valued at RM5.22 million from 58.695 million units valued at RM5.78 million.

Meanwhile, the newly listed Pasukhas was issued an unusual market activity query by Bursa Malaysia today due to sharp increase in the company’s share price today.

As at 5pm, Pasukhas shares chalked up a 404.17% rise or 48.5 sen to 60.5 sen, with 67.06 million shares transacted, after debuting at 27 sen with a premium of 15 sen from its offer price of 12 sen today.

Among volume leaders, 1 Utopia and TH Heavy earned half a sen each to 8.5 sen and 60 sen respectively, Luster Industries added one sen to 12 sen but INS Biosecience eased one sen to five sen.

Of the heavyweights, Maybank, Sime Darby and CIMB were flat at RM9.15, RM9.80 and RM7.83 respectively while Maxis erased one sen to RM6.99.

Consumer products accounted for 95.1 million shares traded on the Main Market, industrial products 223.5 million, construction 17.15 million, trade and services 245.56 million, technology 28.43 million, infrastructure 10.34 million, finance 47.27 million, hotels 360,600, properties 41.76 million, plantations 19.25 million, mining 6,000, REITs 4.31 million and closed/fund 122,000.



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