Share prices lower at mid-day on selling pressure

KUALA LUMPUR, Jan 30 – Share prices on Bursa Malaysia were lower at mid-day today on selling pressure, despite the gains on regional markets and a mixed overnight performance by Wall Street, dealers said.

The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) closed the morning session at 1,624.79 or 12.55 points down, after opening 1.85 points higher at 1,639.19, weighed down by losses seen in most key heavyweights.

Regionally, Japan’s Nikkei advanced 132.23 points to 10,998.95, while Hong Kong’s Hang Seng expanded 161.99 points to 23,817.16 and Singapore’s Straits Times gained 15.55 points to 3,275.3.   

On Bursa, market breadth was negative with losers leading gainers by 501 to 130, while 267 counters were unchanged, 763 untraded and 41 others suspended.

Volume stood at 676.374 million shares worth RM966.354 million.

The Finance Index fell 56.88 points to 14,813.99, the Industrial Index declined 26.23 points to 2,746.85, and the Plantation Index dropped 73.76 points to 7,974.37.

The FBM Ace Index fell 15.66 points to 4,095.56, the FBM Emas Index shrank 87.06 points to 11,053.19, the FBMT100 lost 84.60 points to 10,907.24 and the FBM Mid 70 Index decreased 95.24 points to 12,059.45.

Among actives, newly-listed China Automobile rose 17 sen to 85 sen, while Compugates, Patimas and Oriented Media Group lost half-a-sen each to 8.5 sen, 11 sen and 11 sen, respectively.

For the heavyweights, Maybank and Axiata lost four one sen each to RM8.87 and RM6.31 respectively, Sime Darby eased eight sen to RM9.29, CIMB fell two sen to RM7.22 and Petronas Chemicals shed one sen to RM6.02. – Bernama



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