KL shares end lower Friday

Publish date: Fri, 06 Jun 2014, 06:41 PM
KUALA LUMPUR: Shares on Bursa Malaysia closed lower today as investors trimmed their positions ahead of the weekend amid lack of bullish catalysts, dealers said.
The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) finished at 1,862.7, down 6.3 points, after fluctuating between 1,870.61 and 1,860.2 throughout the day.
Losers led gainers 397 to 323, with 356 counters unchanged, 539 untraded and 25 others suspended.
Volume declined to 1.27 billion shares worth RM1.4 billion from 1.49 billion shares worth RM1.86 billion transacted on Thursday.
Affin Investment Bank vice-president/head of retail research Dr Nazri Khan said the softening market was a sign of tired runaway bullish traders.
"As the FBM KLCI failed to exit from its three week consolidation pattern (1,880-1,860 range), this indicates more congestion ahead," he told Bernama.
However, he said despite the lagging equity market, the FBM KLCI is holding up well above the 1,860 support level due to the bourse's high dividend appeal,
resilient domestic liquidity and lower vulnerability to foreign investors' withdrawal.
On the scoreboard, the Finance Index declined 33.27 points to 17,187.39, the Plantation Index decreased 8.42 points to 9,139.33 and the Industrial Index eased 17.37 points to 3,160.2.
The FBM Emas Index was 46.87 points lower at 12,898.12, the FBMT100 Index lost 47.311 points to 12,543.27, the FBM 70 fell 72.18 points to 14,065.19 but the Ace Index rose 51.43 points to 6,591.76.
Among actives, Eti Tech slipped half a sen to nine sen while Sona Petroleum eased five sen to 51.5 sen.
Hubline earned half a sen to 5.5 sen, Advance Synergy gained three sen to 25.5 sen adn Tanjung Offshore garnered 3.5 sen to 65 sen.
Of heavyweights, Maybank dropped three sen to RM9.84, Public Bank shed 12 sen to RM20.78, TNB lost 20 sen to RM11.70 and CIMB slipped two sen to RM7.21.
Axiata added one sen to RM6.89.
Main Market volume contracted to 1.09 billion worth RM1.36 billion from 1.24 billion units worth RM1.81 billion registered on Thursday.
Turnover on the ACE market fell to 132.19 million shares valued at RM31.55 million from 209.97 million shares valued at RM41.79 million recorded yesterday.
Warrants, however, increased to 37.41 million units worth RM6.31 million from 35.37 million units worth RM4.65 million previously.
Consumer products accounted for 60.46 million shares traded on the Main Market, industrial products 151.91 million, construction 53.37 million, trade and services 435.02 million, technology 128.93 million, infrastructure 23.68 million, SPAC 141.63 million, finance 39.11 million, hotels 1.51 million, properties 48.82 million, plantations 7.07 million, mining 54,200, REITs 4.81 million and closed/fund 11,800. -- Bernama
Discussions
1 person likes this. Showing 2 of 2 comments

fortunebullz

Back from short holiday with wifey! Next week will kick start world cup matches! These will be 2 weeks preliminary matches! Not a heavy betting among punters until semi final kicks in!

2014-06-06 19:18

fortunebullz

Get you bullets ready! Attack on 14th July! Most football punters will be bankrupt on 13th final match! Hahahaha!

2014-06-06 19:21

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