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Continuous selling pressure on Bursa
by hlk Wed 05 Oct 2011, 07:39
Bursa Malaysia finished lower yesterday as the market failed to sustain its upward momentum due to continuous selling pressure, dealers said.
The FBM KLCI finished 6.14 points, or 0.4 per, cent lower at 1,361.38, after hovering between 1,356.77 and 1,375.02 throughout the day.
Many investors were nibbling on cheap stocks when the benchmark index was hovering around 1,372.63 mid-afternoon but interest tapered off thereafter as most indices slipped into the negative territory in line with the trend in regional markets.
The Finance Index lost 46.36 points to 12,400.85, Plantation Index dropped 48.26 points to 6,813.61 and the Industrial Index declined 19.96 points to 2,487.94.
The FBM Emas Index erased 41.721 points to 9,214.56, FBM70 Index fell 65.76 points to 9,759.96, FBMT100 dipped 45.11 points to 9,068.6 and the FBM Ace shed 0.61 of a point to 3,563.59.
Decliners led advancers 368 to 298 while 271 counters were unchanged, 543 untraded and 24 others were suspended. Turnover rose to 795.03 million shares, valued at RM1.24 billion, from 631.32 million shares, worth RM1.14 billion, transacted on Monday.
Among losers, British American Tobacco fell 70 sen to RM43.42, PPB Group declined 42 sen to RM16.06, Lafarge dropped 37 sen to RM6.53 and IJM Corp lost 35 sen to RM4.54.
For actives, MAA Holdings fell 8.5 sen to 40 sen, Integrated Rubber added two sen to 15 sen, Integrated Rubber Corp-Wa rose half-a-sen to 6.5 sen and Dialog Group increased eight sen to RM2.26.
Of heavyweights, Maybank fell three sen to RM7.88, CIMB declined eight sen to RM6.82, both Sime Darby and Petronas Chemicals rose eight sen each to RM8.26 and RM5.40, respectively and Maxis shed one sen to RM5.28.
Volume on the Main Market rose to 652.57 million shares, valued at RM1.22 billion, from 484.39 million shares, valued at RM1.12 billion on Monday.
Meanwhile, FBM KLCI futures contracts on Bursa Malaysia Derivatives closed higher despite the weak performance in equities, dealers said.
October 2011 rose 10 points to 1,369 and November 2011 increased 11 points to 1,364, while December 2011 and March 2012 added 7.5 points each to 1,360 and 1,357, respectively.
Turnover increased to 16,460 lots from 13,130 lots on Monday while open interest was higher at 22,621 contracts from 21,447 contracts previously. - Bernama
The FBM KLCI finished 6.14 points, or 0.4 per, cent lower at 1,361.38, after hovering between 1,356.77 and 1,375.02 throughout the day.
Many investors were nibbling on cheap stocks when the benchmark index was hovering around 1,372.63 mid-afternoon but interest tapered off thereafter as most indices slipped into the negative territory in line with the trend in regional markets.
The Finance Index lost 46.36 points to 12,400.85, Plantation Index dropped 48.26 points to 6,813.61 and the Industrial Index declined 19.96 points to 2,487.94.
The FBM Emas Index erased 41.721 points to 9,214.56, FBM70 Index fell 65.76 points to 9,759.96, FBMT100 dipped 45.11 points to 9,068.6 and the FBM Ace shed 0.61 of a point to 3,563.59.
Decliners led advancers 368 to 298 while 271 counters were unchanged, 543 untraded and 24 others were suspended. Turnover rose to 795.03 million shares, valued at RM1.24 billion, from 631.32 million shares, worth RM1.14 billion, transacted on Monday.
Among losers, British American Tobacco fell 70 sen to RM43.42, PPB Group declined 42 sen to RM16.06, Lafarge dropped 37 sen to RM6.53 and IJM Corp lost 35 sen to RM4.54.
For actives, MAA Holdings fell 8.5 sen to 40 sen, Integrated Rubber added two sen to 15 sen, Integrated Rubber Corp-Wa rose half-a-sen to 6.5 sen and Dialog Group increased eight sen to RM2.26.
Of heavyweights, Maybank fell three sen to RM7.88, CIMB declined eight sen to RM6.82, both Sime Darby and Petronas Chemicals rose eight sen each to RM8.26 and RM5.40, respectively and Maxis shed one sen to RM5.28.
Volume on the Main Market rose to 652.57 million shares, valued at RM1.22 billion, from 484.39 million shares, valued at RM1.12 billion on Monday.
Meanwhile, FBM KLCI futures contracts on Bursa Malaysia Derivatives closed higher despite the weak performance in equities, dealers said.
October 2011 rose 10 points to 1,369 and November 2011 increased 11 points to 1,364, while December 2011 and March 2012 added 7.5 points each to 1,360 and 1,357, respectively.
Turnover increased to 16,460 lots from 13,130 lots on Monday while open interest was higher at 22,621 contracts from 21,447 contracts previously. - Bernama
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