FBM KLCI ends in red below 1,600 level
KUALA LUMPUR, June 26 – The FBM KLCI ended in red today below the 1,600 level, weighed down by the eurozone debt crisis that has struck global risk appetite, leaving most equity markets weaker.
At 5pm, the Bursa Malaysia benchmark index stood at 1,594.1, down 9.02 points after opening 0.74 of a point lower at 1,602.38.
InterPacific Research Head Pong Teng Siew said the downtrend in the local market was in line with the weaker regional sentiment.
“However, the decline after hitting all time new high yesterday at 1,611.5 is not really causing a huge decline and it’s not something to be worried about at this point of time,” he said.
He said the local market sentiment, which is weighed by fears that the upcoming European leaders summit will not give significant results in tackling the debt crisis, will be also abuzz with the world's second largest IPO listing FELDA Global Ventures Holdings Bhd on Thursday.
The Finance Index fell 52.311 points to 14,185.56, the Plantation Index increased 18.43 points to 8,478.06 and the Industrial Index dropped 12.77 points to 2,805.11.
The FBM Emas Index was down 59.391 points to 10,894.18 and the FBM Mid 70 Index lost 59.641 points to 11,917.56 and the FBM ACE Index eased 8.39 points to 4,293.33.
Losers outnumbered gainers 472 to 274 while 327 counters closed unchanged, 500 untraded and 12 suspended.
Turnover dwindled to 1.047 billion shares worth RM1.479 billion from 1.072 billion shares worth RM1.250 billion yesterday.
The Main Market volume decreased to 724.343 million shares worth RM1.434 billion from 825.208 million units worth RM1.214 billion yesterday.
Turnover on the ACE Market edged up to 216.787 million units valued at RM29.531 million against 176.949 million shares valued at RM25.838 million previously.
Warrants climbed to 104.303 million units worth RM14.403 million from Monday’s 67.763 million units worth RM9.160 million.
Among active counters, Flonic Hi-Tec-WA and Luster Industries both were flat at 5.0 sen and 15 sen respectively while Trinity Corp eased half-a-sen to 5.5 sen.
Of the heavyweights, Maybank eased four sen to RM8.67, Sime Darby and CIMB each dropped two sen to RM9.89 and RM7.56 respectively, and Petronas Chemicals fell seven sen to RM6.45.
Consumer products accounted for 66.455 million shares traded on the Main Market, industrial products 164.242 million, construction 22.780 million, trade and services 275.388 million, technology 23.059 million, infrastructure 19.505 million, finance 47.232 million, hotels 1.314, properties 80.728 million, plantations 19.040 million, REITs 4.540 million and closed/fund 39,800. – Bernama