Bursa shares end lower on selling pressure

KUALA LUMPUR, Nov 22 – Share prices on Bursa Malaysia ended lower today on selling pressure despite the gains on regional markets and overnight on Wall Street, dealers said.

The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) closed at its lowest level of 1,618.55 or 4.42 points down, after opening at 1,621.22.

Major US equity indices rose between 0.2 per cent and 0.4 per cent amid better economic data and an easing of geopolitical tension in Gaza (Palestine), the dealers said.

However, local market sentiment remained weak as investors stayed on the sidelines awaiting a clear direction, besides closely monitoring developments in Europe, a dealer said.

Market breadth was negative with losers leading gainers by 384 to 219, while 356 counters were unchanged, 689 untraded and 25 others suspended.

Volume dwindled to 892.34 million shares worth RM1.57 billion from the 1.03 billion shares worth RM1.59 billion yesterday.

The Finance Index fell 42.53 points to 14,973.15, the Industrial Index dipped 5.18 points to 2,774.07, and the Plantation Index lost 33.96 points to 7,891.89.

The FBM Ace Index fell 14.49 points to 4,244.49, the FBM Emas Index dipped 30.96 points to 11,053.47, and the FBMT100 lost 30.03 points to 10,889.92. The FBM Mid 70 Index decreased 34.82 points to 12,163.35.

Among actives, JCY International declined 14.5 sen to 70 sen, KNM Group-Wa was unchanged at 11.5 sen, while Hovid-Wa rose half-a-sen to 1.5 sen.

Of the heavyweights, Maybank fell one sen to RM9.00, while Sime Darby was up one sen to RM9.55, and CIMB dipped three sen to RM7.67.

Volume on the Main Market fell to 743.22 million units worth RM1.55 billion from the 863.70 million units worth RM1.55 billion yesterday.

Turnover on the ACE market fell to 69.31 million shares valued at RM13.12 million from 76.44 million shares valued at RM15.96 million previously.

Warrants rose to 77.74 million units worth RM2.95 million from the 52.02 million units worth RM2.97 million.

Consumer products accounted for 92.42 million shares on the Main Market, industrial products 151.26 million, construction 15.58 million, trade and services 233 million, technology 86.96 million, infrastructure 19.06 million, finance 65.38 million, hotels 1.38 million, properties 51.84 million, plantations 14.73 million, mining 490,000, REITs 11.03 million and closed/fund 64,000. – Bernama


Please refrain from nicknames or comments of a racist, sexist, personal, vulgar or derogatory nature, or you may risk being blocked from commenting in our website. We encourage commenters to use their real names as their username. As comments are moderated, they may not appear immediately or even on the same day you posted them. We also reserve the right to delete off-topic comments