KUALA LUMPUR, Nov 11 - Share prices on Bursa Malaysia ended lower today, weighed down by selling pressure on most heavyweights, with the benchmark index easing 0.3 per cent, dealers said.
The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) closed 3.93 points down at 1,270.15, off its intraday high of 1,279.52. It saw an intraday low of 1,269.11. The key index had opened 2.75 points higher at 1,276.83.
A dealer said the local bourse lost its grounds mainly because of profit taking.
However, there was strong interest on selected finance stocks, led by CIMB Group and newly-listed, Xidelang Holdings, which bucked the market trend.
CIMB Group, which posted RM2 billion net profit for the first nine months ended Sept 30, 2009, rose 20 sen to RM13.02 while Xidelang Holdings, the most active counter with 110.542 million shares, closed five sen higher at 63 sen.
At 5pm, the FBM Emas Index eased 29.67 points to 8,476.27, the FBM Top 100 declined 26.93 points to 8,270.15, the FBM 70 went down 31.71 points to 8,147.18 and the FBM ACE gave up 76.52 points to 4,545.28.
The Industrial Index was down 19.86 points to 2,696.73 and the Plantation Index slipped 31.02 points to 6,186.93.
The Finance Index however, rose 23.28 points to 10,897.79.
Losers outnumbered gainers by 448 to 255 while 234 counters were unchanged and 336 others untraded.
Overall volume was slightly lower at 1.099 billion shares worth RM1.169 billion compared with 1.158 billion shares worth RM1.352 billion yesterday.
Turnover on the Main Market declined to 968.462 million shares worth RM1.134 billion as against 1.019 billion shares worth RM1.310 billion recorded yesterday.
The ACE Market volume, however rose slightly to 106.315 million shares worth RM26.538 million versus 102.361 million shares worth RM28.433 million.
Warrants’ volume fell to 15.799 million worth RM3.309 million from yesterday’s closing of 20.325 million units worth RM4.535 million.
Among the actives, Hubline-warrants edged up 6.5 sen to 11 sen and Compugates inched up half sen to 7.5 sen while Time Engineering lost two sen to 48.5 sen and Multi Sports slipped six sen to 56.5 sen.
Kumpulan Jetson-ICULS was the top gainer, up 50 sen to RM2.40, while the big loser was British American Tobacco which lost 60 sen to RM45.40.
Of the heavyweights, AMMB Holdings rose four sen to close at RM4.94 and Public Bank gained two sen to RM10.96 while Sime Darby fell nine sen to RM9.08.
Consumer products accounted for 174.148 million shares traded on the Main Market, industrial products 139.467 million, construction 41.314 million, trade and services 421.279 million, technology 56.273 million, infrastructure 17.627 million, finance 32.163 million, hotels 1.089 million, properties 61.710 million, plantations 21.614 million, mining 18,000, REITs 1.742 million, and closed/fund 18,300. — Bernama
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