Business

Share prices continue losses at closing

KUALA LUMPUR, Feb 20 — Share prices on Bursa Malaysia continued their losses at closing today for the third consecutive day ahead of the country’s economic growth announcement for 2012 later today, dealers said.

The FBM KLCI, which opened at 1,617.53, hovered between 1,606.73 and 1,617.64 throughout the trading session. — AFP picThe FBM KLCI, which opened at 1,617.53, hovered between 1,606.73 and 1,617.64 throughout the trading session. — AFP picThey said most of the investers were reluctant to take a heavy position especially with the absence of fresh leads.

The economic data, together with a string of corporate results, which are released today, will likely give some impetus to the local bourse.

As at 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.74 points or 0.108 per cent to 1,613.33, dragged down by losses mostly seen in DiGi.

The FBM KLCI, which opened at 1,617.53, hovered between 1,606.73 and 1,617.64 throughout the trading session.

Regionally, some of the bourses were higher with Japan’s Nikkei 225 surging 95.94 points to 11,468.28 while Hong Kong’s Hang Seng advanced 163.50 points to 23,307.41 and Singapore’s Straits Times rose 13.12 points to 3,308.89.

On the local front, the Finance Index increased 34.67 points to 14.825.17,  the Plantation Index improved 12.51 points to 7,916.31 while the Industrial Index eased 3.77 points to 2,775.16

The FBM Emas Index shed 3.54 points to 10,964.76, the FBMT100 Index declined 2.7 points to 10,819.34, the FBM Ace Index dropped 10.44 points to 3,997.60 while the FBM Mid 70 Index jumped 38.029 points to 11,911.85.

Losers led gainers by 398 to 283 with 299 counters unchanged, 696 untraded and 17 others suspended.

Total volume surged to 1.37 billion shares worth RM1.713 billion from yesterday’s closing of 884.415 million shares valued at RM1.17 billion.

Volume on the Main Market increased to 911.589 million shares worth RM1.67 billion compared to yesterday’s closing of 693.203 million shares valued at RM1.152 billion.

Turnover on the ACE market surged to 432.153 million units worth RM40.067 million from Tuesday’s closing of 167.685 million units valued at RM16.035 million.

Warrants also rose to 25.734 million shares valued at RM1.281 million from  22.184 million shares worth RM1.102 million previously.

Leading the losers list was Dutch Lady, which dropped 52 sen to RM41.98, while Nestle declined 28 sen to RM58.70 and Country View slipped 16 sen to RM1.13.

Of the actives, The Media Shoppe shed half a sen to 8.5 sen, followed by Patimas, which eased two sen to 6.5 sen.

Main Market debutant Tune Ins Holdings, which debuted at three sen premium over its offcer price of RM1.35, ended the trading session one sen higher at RM1.36 with 101.213 million shares traded.

Among heavyweights, Maybank rose six sen to RM8.90 while Axiata and Sime Darby shed two sen each to RM6.21 and RM9.21 respectively while CIMB was unchanged at RM6.98.

DiGi lost nine sen to RM4.61.

Consumer products accounted for 29.945 million shares on the Main Market, industrial products 111.325 million, construction 40.207 million, trade and services 218.845 million, technology 243.079 million, infrastructure 25.577 million, finance 158.801 million, hotels 415,000, properties 64.431 million, plantations 9.294 million, mining 79,000, REITs 9.432 million and closed/fund 160,900. — Bernama

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