Thursday, June 24, 2010

Share prices end easier after rangebound trade

KUALA LUMPUR: Share prices on Bursa Malaysia ended slightly lower after a rangebound trade on Thursday, June 24, with most investors reducing their
holdings, particularly in mid-and-large cap stocks which pulled the benchmark index down 0.3%.

However, some bargain hunting activities on bluechips like Public Bank, Genting and IOI Corporation helped to limit losses.

The benchmark FBM KLCI closed 3.83 points easier at 1,325.87. It had opened 2.01 points lower at 1,327.69.

It moved between 1,325.71 and 1,333.49-level today.

The FBM Emas Index fell by 20.76 points to 8,960.78 and the FBM Ace Index declined 8.66 points to 3,912.04 while the FBM70 [] Index advanced 6.86 points to 8,975.98.

The Finance Index slipped 59.76 points to 11,926.56 and the INDUSTRIAL INDEX [] lost 7.50 points to 2,663.59, but the PLANTATION [] Index rose 26.97 points to 6,302.00.

"There were not much fresh news in the market. Sentiment was generally weak and most investors looked for profits following yesterday's late gains," a
dealer said.

Advancers led decliners by 332 to 318 while 294 counters were unchanged, 418 untraded and 26 others suspended.

The market breadth meanwhile was positive with a total of 749.349 million shares worth RM1.077 billion transacted compared with Wednesday's volume of 684.400 million shares worth RM1.118 billion. -- Bernama

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