Thursday, August 12, 2010

Share prices close lower on continued selling

KUALA LUMPUR: Share prices on Bursa Malaysia closed lower on Thursday, Aug 12 on continued selling, as investors were worried over the sustainability of the global economic recovery, dealers said.

At 5pm, the FTSE Bursa Malaysia KUALA LUMPUR COMPOSITE INDEX [] (FBM KLCI) slipped 3.58 points or 0.27% to 1,349.33 after opening 4.19 points lower at 1,348.72.

The key index stayed in negative territory throughout the day due to persistent selling in selected blue chips.

"Stocks in the local market fell further today, as investors continued to unload shares after heavy overnight losses on Wall Street," a dealer said.

At close, the Finance Index plunged 36.40 points to 12,169.44, the PLANTATION [] Index dwindled 30.24 points to 6,466.52 and the INDUSTRIAL INDEX []
lost 12.63 points to 2,648.26.

The FBM Emas Index declined 20.44 points to 9,140.03, the FBM70 [] dropped 34.83 points to 9,133.32 while the FBM ACE Index rose 17.49 points to 3,822.33.

Losers led gainers by 383 to 298 while 261 counters were unchanged, 431 untraded and 33 others suspended.

Total volume however increased to 798.188 million shares worth RM1.088 billion from 769.872 million shares worth RM1.169 billion yesterday. -- Bernama


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