KL shares remain lower at mid-morning

KUALA LUMPUR, Jan 22 – Share prices on Bursa Malaysia remained in negative territory at mid-morning amid mixed regional stock markets, with losses mostly seen in banking counters, dealers said.

As at 11.10 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) lost 16.05 points to 1,619.58 after opening 8.63 points weaker at 1,627.

Hong Leong Bank and Public Bank went down 30 sen each to RM14.10 and RM15.50 respectively, while Hong Leong Financial Group slipped 22 sen to RM13.68.

The Finance Index was dragged down by 187.75 points to 14,746.2, the Industrial Index slipped 29.64 points to 2,700.62 and the Plantation Index declined 73.69 points to 7,912.09.

The FBM Emas Index dropped 107.74 points to 11,011.26, the FBMT100 dipped 107.6 points to 10,863.05, the FBM Mid 70 Index gave up 118.32 points to 11,968.29 and the FBM Ace Index shed 59.23 points to 4,083.16.

Losers led gainers by 564 to 99 with 234 counters unchanged, 762 untraded and 23 others suspended.

Volume stood at 460.95 million shares worth RM621.17 million.

Among actives, Compugates Holdings and Patimas Computers were flat at 8.5 sen and 12.5 sen respectively, while Daya Materials and Scomi Group eased half a sen each to 22 sen and 35 sen respectively.

As for heavyweights, Maybank slipped six sen to RM8.80, CIMB fell five sen to RM7.19, Axiata was flat at RM6.30 but Sime Darby earned one sen to RM9.23. – Bernama



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