Share prices continue downtrend at mid-morning
KUALA LUMPUR, Feb 21 – Share prices on Bursa Malaysia continued their downtrend at mid-morning today with investors reluctant to take a heavy position despite the country’s better than expected 2012 economic growth results announced yesterday, dealers said.
At 11.19am, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined 7.82 points to 1,605.51 after opening at 1,609.29.
The Finance Index dropped 79.79 points to 14,745.38, the Plantation Index lost 112.26 points to 7,804.05 and the Industrial Index shed 2.08 points to 2,773.08.
The FBM Emas Index was 48.99 points lower at 10,915.77, the FBMT100 declined 47.22 points to 10,772.12, the FBM Ace Index dropped 42.8 points to 3,954.8 while the FBM Mid 70 Index slashed 27.88 points to 11,883.97.
Decliners led advancers by 352 to 106 with 260 counters unchanged, 958 untraded and 17 others suspended.
Trading was thin with total volume at 385.392 million shares worth RM361.898 million changing hands.
Actives, The Media Shoppe shed one sen to 7.5 sen while Patimas and Compugates edged up half a sen each to seven sen and 9.5 sen respectively.
Maybank shed one sen to RM8.89 while Sime Darby, Axiata and CIMB were unchanged at RM9.21, RM6.21 and RM6.98 respectively. – Bernama