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KL shares sharply lower in early trade
by hlk Mon 08 Aug 2011, 10:25
Share prices on Bursa Malaysia were in the red in the morning trading today on further sell-off, as investors remained wary over the bearish global economic outlook, dealers said.
After 15 minutes of trading, the FTSE Bursa Malaysia KLCI dropped 1.097 per cent or 16.73 points to 1,507.7, dragged down by losses seen mostly in heavyweight counters.
Earlier, the market opened 9.24 points lower at 1,515.19 compared to Friday's closing at 1,524.43.
The Finance Index wiped out 178.96 points to 14,310.19, the Plantation lost 138.39 points to 7,454.55, and the Industrial Index slipped 11.98 points to 2,746.26.
The FBM Emas Index eroded 140.29 points to 10,338.01, the FBM Ace Index fell 87.69 points to 3,962.33, the FBMT 100 Index dwindled 135.04 points to 10,132.71 and the FBM70 Index declined 241.94 points to 11,271.18.
Losers toppled gainers by 520 to 30 with 65 counters unchanged, 876 untraded and 41 others suspended.
Turnover stood at 99.461 million shares worth RM158.026 million.
Actives, Catcha Media rose 3.5 sen to 93.5 sen, Boon Koon Group edged up 1.5 sen to 37.5 sen while Iris Corporation was unchanged at 16.5 sen.
Heavyweights, Maybank and Sime Darby slid eight sen each to RM8.69 and RM8.97, respectively, CIMB lost six sen to RM8.23 and Petronas Chemicals fell 17 sen to RM6.42.
Meanwhile, Malaysia Airlines (MAS) and AirAsia counters, reported to have had a share swap deal over the weekend, were both suspended from trading today, pending an announcement from the national carrier.
It was reported that under the share-holding tie-up, Khazanah Nasional Bhd, MAS' single largest shareholder, would likely take up a stake in Tune Air Sdn Bhd.
Tune Air holds 26.26 per cent share in AirAsia. -- Bernama
After 15 minutes of trading, the FTSE Bursa Malaysia KLCI dropped 1.097 per cent or 16.73 points to 1,507.7, dragged down by losses seen mostly in heavyweight counters.
Earlier, the market opened 9.24 points lower at 1,515.19 compared to Friday's closing at 1,524.43.
The Finance Index wiped out 178.96 points to 14,310.19, the Plantation lost 138.39 points to 7,454.55, and the Industrial Index slipped 11.98 points to 2,746.26.
The FBM Emas Index eroded 140.29 points to 10,338.01, the FBM Ace Index fell 87.69 points to 3,962.33, the FBMT 100 Index dwindled 135.04 points to 10,132.71 and the FBM70 Index declined 241.94 points to 11,271.18.
Losers toppled gainers by 520 to 30 with 65 counters unchanged, 876 untraded and 41 others suspended.
Turnover stood at 99.461 million shares worth RM158.026 million.
Actives, Catcha Media rose 3.5 sen to 93.5 sen, Boon Koon Group edged up 1.5 sen to 37.5 sen while Iris Corporation was unchanged at 16.5 sen.
Heavyweights, Maybank and Sime Darby slid eight sen each to RM8.69 and RM8.97, respectively, CIMB lost six sen to RM8.23 and Petronas Chemicals fell 17 sen to RM6.42.
Meanwhile, Malaysia Airlines (MAS) and AirAsia counters, reported to have had a share swap deal over the weekend, were both suspended from trading today, pending an announcement from the national carrier.
It was reported that under the share-holding tie-up, Khazanah Nasional Bhd, MAS' single largest shareholder, would likely take up a stake in Tune Air Sdn Bhd.
Tune Air holds 26.26 per cent share in AirAsia. -- Bernama
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