Bursa shares end lower in cautious trading

KUALA LUMPUR, Nov 21 – Share prices on Bursa Malaysia ended lower today on cautious trading and lack of demand, amid the sluggish economic backdrop, a dealer said.

At close, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.23 points to 1,622.97.

A dealer said investors were reluctant to hold position as they awaited a clear market lead before making any decision.

Adding to the cautious sentiment was news that eurozone Finance Ministers had failed to resolve Greece’s debt issues.

Market breadth was negative with losers leading gainers by 349 to 275, while 360 counters were unchanged, 664 untraded and 24 others suspended.

Volume rose to 1.03 billion shares worth RM1.59 billion from the 1.02 billion shares worth RM1.69 billion yesterday.

The Finance Index fell 1.7 points to 15,015.68, the Industrial Index dipped 5.77 points to 2,779.25, and the Plantation Index lost 14.78 points to 7,925.85.

The FBM Ace Index rose 22.34 points to 4,258.98, while the FBM Emas Index fell 12.55 points to 11,084.43 and the FBMT100 lost 13.40 points to 10,919.95.

The FBM Mid 70 Index decreased 39.03 points to 12,198.17.

Among actives, Karambunai Corp improved 1.5 sen to 15.5 sen, KNM Group-Wa rose 1.5 sen to 11.5 sen and KNM Group increased two sen to 50 sen.

Of the heavyweights, Maybank fell three sen to RM9.01, while Sime Darby was up one sen to RM9.54, and CIMB increased three sen to RM7.70.

Volume on the Main Market rose to 863.70 million units worth RM1.55 billion from the 840.75 million units worth RM1.67 billion yesterday.

Turnover on the ACE market fell to 76.44 million shares valued at RM15.96 million from 86.18 million shares valued at RM17.57 million previously.

Warrants fell to 52.02 million units worth RM2.97 million from the 90.41 million units worth RM4.94 million on Tuesday.

Consumer products accounted for 43.31 million shares on the Main Market, industrial products 200.18 million, construction 21.70 million, trade and services 288.23 million, technology 37.69 million, infrastructure 20.90 million, finance 51.65 million, hotels 735,400, properties 168.07 million, plantations 18 million, mining 266,900, REITs 9.54 million and closed/fund 3.43 million. – Bernama


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