Share prices remain lower at mid-morning

KUALA LUMPUR, Feb 20 – Share prices on Bursa Malaysia remained lower at mid-morning today with further selling of heavyweights led by DiGi, dealers said.

At 11.25 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined 3.81 points to 1,611.26 from yesterday’s close of 1,615.07.

DiGi, which contributed 1.595 points to the benchmark index’s loss, dropped eight sen to RM4.62.

Meanwhile, most of the regional bourses rebounded tracking the better Wall Street overnight with Japan’s Nikkei 225 gaining 78.99 points to 11,451.33 while Hong Kong’s Hang Seng surged 74.21 points to 23,218.12 and Singapore’s Straits Times improved 7.39 points to 3,303.16.

On the local front, the Finance Index added 2.18 points to 14,792.68 while the Industrial Index slipped 6.1 points to 2,772.83 and the Plantation Index declined 1.28 points to 7,902.52.

The FBM Emas Index was 15.39 points lower at 10,952.91, the FBMT100 dropped 15.66 points to 10,806.38, the FBM Ace slipped 4.8 points to 4,003.24 while the FBM Mid 70 Index improved 28.17 points to 11,901.99.

Losers led gainers by 285 to 178, with 251 counters unchanged, 962 untraded and 17 others suspended.

It was mild trading with total volume at 542.585 million shares worth RM549.96 million.

Among the actives, Main Market debutant Tune Ins Holdings Bhd remained unchanged at RM1.35 with 76.839 million shares traded, while The Media Shoppe and Patimas were both unchanged at nine sen and 8.5 sen respectively.

For heavyweights, Maybank added three sen to RM8.87, while Sime Darby declined four sen to RM9.19 and Axiata eased one sen to RM6.22.

CIMB was unchanged at RM6.98. – Bernama



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