Market Close Share prices close lower on lack of buying momentum

by **Cals** Wed 07 Aug 2013, 14:56

Market Close Share prices close lower on lack of buying momentum
Business & Markets 2013
Written by Bernama
Wednesday, 07 August 2013 13:15

KUALA LUMPUR, (Aug 7): Share prices on Bursa Malaysia closed lower today on the lack of buying momentum and ahead of an extended Hari Raya Aidilfitri holiday.

The FTSE Bursa Malaysia KLCI (FBM KLCI) fell 5.32 points to end at 1,779.32 after moving between 1,776.99 and 1,784.76 throughout the trading session.

Bursa Malaysia will be closed for the afternoon session today, and on Aug 8-9 for Hari Raya.

The bourse will resume operations on Monday.

In terms of market breadth, the gainers-to-losers ratio was 344 to 269, with 309 counters unchanged, 651 untraded and 11 others suspended.

Market volume eased to 981.025 million shares worth RM1.046 billion from the 1.279 billion shares valued at RM1.644 billion on Tuesday.

On the scoreboard, the Finance index fell 28.25 points to 16,900.11, the INDUSTRIAL INDEX [] eased 17.46 points to 3,010.42, and the PLANTATION [] index lost 34.14 points to 8,311.6.

The FBM Emas Index declined 32.06 points to 12,408.47, the FBM 70 Index decreased 35.21 points to 14,284.29 with the FBMT100 declining 34.93 points to 12,144.57. But the FBM ACE Index jumped 106.88 points to 5,218.92.

Among actives, Sona Petroleum was 1.5 sen higher at 45 sen, Eastland Equity rose 10 sen to 58 sen, 1 Utopia inched up half-a-sen to 6.5 sen and DayaMaterials gained two sen to 33 sen.

Of the heavyweights, Maxis rose eight sen to RM7.23 and Axiata was flat at RM6.85, but Maybank, CIMB and Sime Darby each fell two sen to RM10.40, RM7.86 and RM9.50 respectively.

Volume on the Main Market dipped to 743.139 million units worth RM998.719 million from the 954.088 million units worth RM1.569 billion on Tuesday.

Turnover on the ACE market fell to 224.824 million shares valued at RM46.555 million from 292.637 million shares valued at RM70.164 million previously.

Warrants were lower at 12.667 million units worth RM1.558 million from 31.680 million units worth RM4.250 million.

Consumer products accounted for 21.500 million shares on the Main Market, industrial products 57.460 million, CONSTRUCTION [] 28.440 million, trade and services 284.407 million, TECHNOLOGY [] 25.914 million, infrastructure 8.164 million, SPAC 217.869 million, finance 36.842 million, hotels 173,600, PROPERTIES [] 48.926 million, plantations 6.585 million, mining 21,000, REITs 6.831 million and closed/fund 1,900.