KL shares end lower, KLCI down 6.64 pts

Posted by Trading Advisor on 11:59 AM with No comments
KUALA LUMPUR: Share prices on Bursa Malaysia fell today, weighed down by profit-taking in heavyweights after recent rally, dealers said.
At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,796.44, down 6.64 points, after opening 2.59 points lower at 1,800.49.
The benchmark index moved between 1,792.65 and 1,801.06 throughout the day.
Dealers said persistent selling pressures dragged the FBM KLCI down but buying interest in certain blue-chips and low-liners prevented further losses.
"The market edged lower in line with regional peers and tracked the weak cue from Wall Street last week," a dealer said.
He said the sentiment was also dampened by reports of the victory by the anti-austerity Syriza party in the recent Greek elections.
It had raised concerns that the country could abandon budget constraints and cause instability in Europe, he said.
The market breadth was negative. Decliners outpaced gainers by 559 to 312, while 266 counters were unchanged, 597 untraded and 23 others suspended.
Total volume declined to 1.88 billion shares worth RM2.13 billion from 2.61 billion units valued at RM3.13 billion last Friday.
On the scoreboard, the FBM Emas Index fell 41.42 points to 12,370.68, FBMT100 Index slipped 35.601 points to 12,074.63 and the FBM Emas Shariah Index lost 35.609 points to 12,966.44.
On a sectoral basis, the Industrial Index slipped 10.14 points to 3,279.7, Finance Index eased 81.91 points to 15,594.38 and the FBM 70 fell 4.73 points to 13,456.
The FBM Ace rose 6.48 points to 6,367.08 and Plantation Index went up 1.26 points to 7,933.35.
Among actives, Daya Materials fell one sen to 15.5 sen, KNM declined 5.5 sen to 57 sen and Systech decreased half-a-sen to 36 sen.
Of the heavyweights, Tenaga Nasional fell two sen to RM15.08 while Maybank and Public Bank slipped eight sen each to RM8.92 and RM18.06 respectively.