KL shares reverse earlier gains mid-morning

Publish date: Mon, 02 Jun 2014, 12:29 PM
KUALA LUMPUR: Shares on Bursa Malaysia reversed earlier gains at mid-morning, dragged down by selling in blue chips and finance-related stocks.

At 11.02am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,865.91, down 7.47 points after fluctuating between 1,865.91 and 1,876.17.

Maybank slipped one sen to RM9.87, Public Bank fell 38 sen to RM21.22, CIMB trimmed 10 sen to RM7.24, Petronas Gas lost 70 sen to RM23.80 and Petronas Dagangan erased 62 sen to RM24.62.

On the scoreboard, the Plantation Index rose 17.05 points to 9,091.51, but the Finance Index gave up 93.52 points for 17,289.1 and the Industrial Index declined 32.82 points to 3,157.4.

The FBM Emas Index lost 38.16 points to 12,907.59, the FBM 70 eased 11.63 points to 14,033.6, the FBMT100 Index fell 41.28 points to 12,553.98 and the FBM ACE slipped 3.41 points for 6,577.92.

Losers led gainers 316 to 251, while 287 counters were unchanged, 751 untraded and 15 others suspended.

Volume stood at 511.558 million shares worth RM718.9 million.

Of the heavyweights, Axiata gained three sen to RM6.82 while TNB was flat at RM12.06.

Among actives, Sona Petroleum gained two sen to 61 sen, 7-Eleven rose eight sen to RM1.61, Seal Incorporated perked 10 sen to 81.5 sen while Hubline was flat at five sen.-- Bernama
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fortunebullz

Ha! Local funds got smarter this round! No wonder they have been selling bluechips weeks ago while foreign funds are buying! Today 11 point drop thanks to foreign funds selldown! Looks like bear market is confirm!

2014-06-02 13:39

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