KL shares lower at mid-morning

The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was lower at mid-morning today in line with most regional markets and as Wall Street posted an overnight decline.

At 11.05am, the benchmark index stood at 1,846.07, down 0.24 of a point and 0.69 of a point higher at 1,847.00.

Market breadth was negative with decliners outpacing gainers 352 to
228, while 302 counters were unchanged, 726 others untraded and 32 others

Turnover stood at 889.43 million shares worth RM378.03 million.

Top gainers were Hong Leong Industries which rose 28 sen to RM8.70, with Hong Leong Financial Group appreciating 18 sen to RM17.78 and Selangor Properties advancing 17 sen to RM6.

For the heavyweights, Maybank added three sen to RM9.99, while Axiata and CIMB were both two sen higher at RM7.02 and RM7.05 respectively. Public Bank weakened two sen to RM18.88 and TNB declined six sen to RM12.32.

Among actives, Xinghe edged up half a sen to 24.5 sen, but Sanichi Technology shed half a sen to 11 sen and Asia Bioenergy trimmed one sen to 17 sen.

On the scoreboard, the Plantation Index fell 26.43 points to 8,334.93, and the Industrial Index eased 0.13 of a point to 3,199.82.But the Finance Index increased 16.74 points to 17,246.09.

The FBM Emas Index declined 3.58 points to 12,921.09, the FBMT100 Index depreciated 4.03 points to 12,501.41, the FBM Ace dropped 42.95 points to 7,235.99 and the FBM 70 fell 13.64 points to 14,287.85. – Bernama, October 1, 2014.