FBM KLCI eases in early trade

Share Prices on Bursa Malaysia opened lower, after yesterday's sharp gains, on profit taking activities, dealers said.

As at 9.17am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 1.48 points lower at 1,551.7 after opening 1.97 points higher at 1,555.15.

Hwang DBS Vickers Research said investors were sidelined, awaiting the outcome of Greece's debt negotiations, due to be known in a matter of days.

"Following a 39.6 points or 2.6 per cent surge in four days, the benchmark FBM KLCI could hit a temporary resistance at the 1,555 level," it said in a note.

The Finance Index rose 2.89 points to 13,722.18, the Plantation Index lost 30.78 points to 8,767.14 and the Industrial Index shed 4.4 points to 2,903.91.

The FBM Emas Index eased 9.34 points to 10,815.4, the FBM Mid 70 Index declined 19.84 points to 12,438.33 but the FBM ACE Index advanced 27.85 points to 4,697.95.

Gainers beat losers 208 to 139, 203 counters were unchanged, 929 untraded and 20 others were suspended. Turnover stood at 369.11 million shares worth RM197.98 million.

Of active counters, Naim Indah Corp earned 21 sen to 70 sen, GPRO Tech improved 4.5 sen to 13 sen and Hubline added half-a-sen to 10.5 sen.

Heavyweights, Maybank fell one sen RM8.40, CIMB rose two sen to
RM7.13, Sime Darby increased one sen to RM9.69 and Petronas Chemicals gained five sen to RM6.98. -- BERNAMA