KL shares open lower

Share prices opened lower with the FTSE Bursa Malaysia KLCI (FBM KLCI) 4.82 points lower at 1,557.76 after 30 minutes of trading as the global debt worries continued to linger among investors, dealers said.

The key index opened 0.10 points easier at 1,562.48. The bourse also tracked the weak sentiment on world stocks and the euro which slumped on debt standoff. HwangDBS Vickers Research said the index could probably find support around the 1,550 level.

The Finance Index fell 94.69 points to 14,609.22, the Plantation Index eased
13.40 points to 7,691.24 and the Industrial Index increased 0.40 points to
2,847.74.

The FTSE Bursa Malaysia Emas Index shed 31.54 points to 10,674.53, the
FTSE Bursa Malaysia Mid 70 Index declined 37.61 points to 11,595.42 and the FTSE Bursa Malaysia Ace Index dropped 8.27 points to 4,074.08.

Market breadth was negative with 180 losers, 87 advancers while 147 other
counters were unchanged. Trading volume stood at 78.624 million shares valued at RM85.492 million.

Inari Bhd, which made its debut on the ACE Market today, opened at 41 sen,
for a three sen premium over its offer price of 38 sen with 2.8281 million
shares exchanging hands at the opening bell.

At 10.10am, Inari stood at 40.5 sen, up 2.5 sen. Actives, Muda Holdings added two sen to RM1.07, Wijaya Baru Global rose 2.5 sen to 58.5 sen and DVM Technology slipped 1.5 sen to 11 sen.

Heavyweights, Maybank declined eight sen to RM8.74, CIMB fell 12 sen to
RM8.44 while both Petronas Chemicals and Sime Darby were flat at RM7.06 and RM9.09, respectively. -- Bernama