Storify Feed Feedburner Facebook Twitter Flickr Youtube

ROS Lboard

KL shares end low on concern over European debt crisis

September 5, 2012

KUALA LUMPUR: Share prices on Bursa Malaysia finished lower today, falling more than a dozen points or 0.8%, due to selling pressure amid renewed concern over the European debt crisis, dealers said.

At the end of trading, the FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) ended at its lowest point today at 1,641.01, down 13.10 points, after opening 0.21 of a point lower at 1,653.90.

Dealers said investors remained on the sidelines, awaiting positive outcome from the European Central Bank’s (ECB) meeting tomorrow, and the US non-farm payroll data due Friday.

One of the dealers said the outcome of the ECB meeting should be “good” to the market, as they are expecting to see quantitative easing measures by the central bank to spur economic growth.

On the scoreboard, the Finance Index lost 75.26 points to 14,706.95, the Industrial Index fell 21.49 points to 2,843.76 while the Plantation Index declined 134.45 points to 8,522.76.

The FBM Emas Index fell 97.74 points to 11,178.87, the FBM 70 Index decreased 128.98 points to 12,171.50 and the FBM Ace Index lost 60.69 points to 4,494.07.

Losers beat gainers by 669 to 156, while 285 counters were unchanged, 511 untraded and 20 others suspended.

Total turnover rose to 1.35 billion shares worth RM1.7 billion from 1.34 billion shares worth RM1.42 billion yesterday.

Volume on the Main Market increased to 812.47 million units valued at RM1.62 billion, from 662.196 million units worth RM1.31 billion yesterday.

Turnover on the ACE Market decreased to 467.26 million shares worth RM74.12 million, from 619.35 million shares worth RM107.41 million previously.
Warrants jumped to 67.84 million units valued at RM4.84 million, from 42.50 million units valued at RM3.27 million.

Of the actives, Ingenuity Solutions added half-a-sen to 23 sen, JCY International lost nine sen to 95 sen and Nextnation Communication fell half-a-sen to 13.5 sen.

As for heavyweights, Maybank declined three sen to RM9.14, Sime Darby lost one sen to RM9.79, and CIMB dipped three sen to RM7.74.

Consumer products accounted for 90.63 million shares traded on the Main Market, industrial products 144.45 million, construction 22.298 million, trade and services 284.43 million, technology 97.09 million, infrastructure 20.35 million, finance 70.29 million, hotels 516,200, properties 55.04 million, plantations 19.81 million, mining 95,000, REITs 7.42 million and closed/fund 52,900.

- Bernama


Comments

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.

Comments