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KL Shares Continue To Trade Lower Mid-Morning

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KUALA LUMPUR: Share prices on Bursa Malaysia continued to trade lower at mid-morning today on selling pressure, dealers said.

At 11.02 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,747.1, down 14.15 points, after opening at 4.1 points lower at 1,757.15.

A dealer said profit taking post year-end window-dressing weighed down on bluechips.

On the scoreboard, the FBM Emas Index decreased 70.471 points to 11,995.81, the FBMT100 Index fell 72.25 points to 11,740.20, the FBM Ace erased 5.55 points to 5,647.84 and the FBM Emas Syariah Index was down 99.04 point to 12,407.99.

The FBM 70 increased 8.3 points to 13,073.38.

On a sectoral basis, the Plantation Index fell 117.46 points to 7,769.77, the Finance Index contracted 60.54 points to 15,643.81 and the Industrial Index eased 44.62 points to 3,134.48.

Losers led gainers 285 to 180, while 225 counters were unchanged, 1,049 untraded and 9 others suspended.

Turnover stood at 392.34 million shares worth RM196.44 million.

Of the heavyweights, Maybank and TNB shed two sen each to RM9.15 and RM13.78 respectively, Public Bank and Axiata lost four sen each to RM18.26 and RM7.01 respectively and Sime Darby fell 15 sen to RM9.04.

Among actives, Minetech earned half a sen to 12.5 sen, Malayan United Industries, Pan Malaysia and PUC Founder added one sen each to 31 sen, 34.5 sen and 14.5 sen respectively while Jobstreet gained three sen to 50 sen. – Bernama

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