Share prices stay in red as at midafternoon

KUALA LUMPUR, Feb 20 – Share prices on Bursa Malaysia stayed in the red as at midafternoon today, with investors wary, ahead of the country’s economic growth announcement for 2012 later today, dealers said.

This is in addition to the string of corporate financial results expected to be released today, and which may give a clear direction and fresh impetus for the local bourse.

As at 3.05 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 3.72 points to 1,611.35 compared to Tuesday’s close of 1,615.07.

DiGi, which contributed 1.595 points to the FBM KLCI’s loss, declined eight sen to RM4.62.

The benchmark index had hovered between 1,606.73 and 1,617.64 in trading to date.

Meanwhile, most regional bourses remained on an uptrend with Japan’s Nikkei 225 advancing 95.94 points to 11,468.28, Hong Kong’s Hang Seng gaining 81.54 points to 23,225.45, and Singapore’s Straits Times rising 9.11 points to 3,304.88.

On the local front, the Finance Index improved 7.55 points to 14,798.05 and the Plantation Index added 1.1 points to 7,904.9, while the Industrial Index eased 5.98 points to 2,772.95.

The FBM Emas Index slipped 14.31 points to 10,953.99, the FBMT100 decreased 14.2 points to 10,807.84, the FBM Ace declined 11.11 points to 3,996.93, and the FBM Mid 70 Index jumped 33.76 points to 11,907.58.

Decliners led advancers by 357 to 217, with 279 counters unchanged, 823 untraded and 17 others suspended.

Trading was moderate with total volume at 800.586 million shares worth RM908.168 million.

Among the actives, The Media Shoppe edged up half-a-sen to 9.5 sen, while Patimas eased half-a-sen to eight sen and main market debutant, Tune Ins Holdings, eased two sen to RM1.33.

Of the heavyweights, Maybank rose four sen to RM8.88, while Sime Darby shed two sen to RM9.21, and Axiata eased three sen to RM6.20.

CIMB was unchanged at RM6.98. – Bernama



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