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KL shares open easier
by hlk Wed 01 Aug 2012, 11:19
KUALA LUMPUR: Share prices on Bursa Malaysia opened
easier in early trading today as investors remain on the sidelines, tracking the downtrend on the Wall Street Tuesday, dealers said.
Five minutes after opening, the underlying FTSE Bursa Malaysia KLCI fell 4.55 points to 1,627.05, compared to yesterday's closing at 1,631.600.
HwangDBS Vickers Research said major US equity indices lost between 0.2 per cent and 0.5 per cent amid higher expectations that the policymakers would carry out or at least promise to undertake fresh quantitative measures to stimulate the economy.
"Back home, the key FBM KLCI will probably continue to move inside a tight trading range as the benchmark index struggled to overcome the immediate resistance barrier of 1,635 in the near term," it said in a research note.
The Finance Index dwindled 6.48 points to 14,682.96, the Plantation Index slid 55.31 points to 8,741.16 and the Industrial Index slipped 6.96 points to 2,852.51.
The FBM Emas Index was 24.3 points lower at 11,150.93 but the FBM Mid 70 Index added 3.29 points to 12,346.78 while FBMT100 Index declined 24.16 points to 10,967.91 and FBM Ace Index shed 12.91 points to 4,407.35.
Losers led gainers by 83 to 74 while 2,008 counters were unchanged. A total of 186.223 million lots worth RM59.542 million were transacted.
Among active stocks, Patimas eased five sen to five sen, IHH-CM lost six sen to nine sen while TMS gained 1.5 sen to 8.5 sen.
Heavyweights, Maybank rose two sen to RM8.78, while CIMB shed one sen to RM7.84, Sime Darby lost six sen to RM9.77 and Petronas Chemicals dropped eight sen to RM6.51. -- BERNAMA
easier in early trading today as investors remain on the sidelines, tracking the downtrend on the Wall Street Tuesday, dealers said.
Five minutes after opening, the underlying FTSE Bursa Malaysia KLCI fell 4.55 points to 1,627.05, compared to yesterday's closing at 1,631.600.
HwangDBS Vickers Research said major US equity indices lost between 0.2 per cent and 0.5 per cent amid higher expectations that the policymakers would carry out or at least promise to undertake fresh quantitative measures to stimulate the economy.
"Back home, the key FBM KLCI will probably continue to move inside a tight trading range as the benchmark index struggled to overcome the immediate resistance barrier of 1,635 in the near term," it said in a research note.
The Finance Index dwindled 6.48 points to 14,682.96, the Plantation Index slid 55.31 points to 8,741.16 and the Industrial Index slipped 6.96 points to 2,852.51.
The FBM Emas Index was 24.3 points lower at 11,150.93 but the FBM Mid 70 Index added 3.29 points to 12,346.78 while FBMT100 Index declined 24.16 points to 10,967.91 and FBM Ace Index shed 12.91 points to 4,407.35.
Losers led gainers by 83 to 74 while 2,008 counters were unchanged. A total of 186.223 million lots worth RM59.542 million were transacted.
Among active stocks, Patimas eased five sen to five sen, IHH-CM lost six sen to nine sen while TMS gained 1.5 sen to 8.5 sen.
Heavyweights, Maybank rose two sen to RM8.78, while CIMB shed one sen to RM7.84, Sime Darby lost six sen to RM9.77 and Petronas Chemicals dropped eight sen to RM6.51. -- BERNAMA
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