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Market under renewed pressure
by hlk Mon 05 Sep 2011, 18:11
KUALA LUMPUR: Selling pressure on key stocks picked up in the late afternoon on Monday, Sept 5, in line with the falls in Europe and Asia.
At 3.31pm, the FBM KLCI was down 9.85 points to 1,464.24. Turnover was 423.82 million shares valued at RM909.15 million. The broader market was weakening, with losers beating gainers 513 to 158.
Among the index-linked stocks, Petronas Gas fell 28 sen to RM13.20, BAT and DiGi 26 sen each to RM43.50 and RM31 while Genting lost 19 sen to RM9.46 and HLFG 14 sen to RM11.74.
CONCRETE ENGINEERING PRODUCTS [] was the top loser, down 38 sen to RM1.80 with 17,000 shares done in the absence of any visible negative news.
In the third quarter ended May 31 2011, it posted net profit of RM6.24 million versus net loss of RM197,000 a year ago. For the nine month period, its net profit fell 20% to RM6.03 million compared RM7.54 million a year ago.
Bumi Armada rose nine sen to RM3.68 after a positive report on its outlook.
Loss-making Utusan rose 15 sen to 88 sen but with only 3,000 shares done
At 3.31pm, the FBM KLCI was down 9.85 points to 1,464.24. Turnover was 423.82 million shares valued at RM909.15 million. The broader market was weakening, with losers beating gainers 513 to 158.
Among the index-linked stocks, Petronas Gas fell 28 sen to RM13.20, BAT and DiGi 26 sen each to RM43.50 and RM31 while Genting lost 19 sen to RM9.46 and HLFG 14 sen to RM11.74.
CONCRETE ENGINEERING PRODUCTS [] was the top loser, down 38 sen to RM1.80 with 17,000 shares done in the absence of any visible negative news.
In the third quarter ended May 31 2011, it posted net profit of RM6.24 million versus net loss of RM197,000 a year ago. For the nine month period, its net profit fell 20% to RM6.03 million compared RM7.54 million a year ago.
Bumi Armada rose nine sen to RM3.68 after a positive report on its outlook.
Loss-making Utusan rose 15 sen to 88 sen but with only 3,000 shares done
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