Friday, August 27, 2010

Share prices end mixed

KUALA LUMPUR: Share prices ended mixed on Friday, Aug 27, as continued gains in selected heavyweights such as Sime Darby and Maybank helped to boost major indices, dealers said.

The FBM KLCI advanced 3.05 points to 1,411.05.

Dealers said that market breath remained cautious overall amid overnight losses on Wall Street and lingering fears of a global economic slowdown.

They said investors will also be paying attention to a speech later today to be delivered by Federal Reserve Chairman Ben Bernanke to gauge the extent of the pace of the US economic recovery.

The Finance Index lost 41.119 points to 12,701.69, the PLANTATION [] Index declined 0.33 of a point to 6,553.13 and the INDUSTRIAL INDEX [] rose 22.35 points to 2,705.83.

The FBM Emas Index increased 2.25 points to 9,418.48, the FBM70 [] Index decreased 38.13 points to 9,148.08 and the FBM ACE Index went down 20.95 points to 3,720.14.

Turnover increased to 762.501 million shares worth RM1.532 billion from 684.902 million shares worth RM1.292 billion.

Decliners outnumbered advancers by 405 to 286 while 285 counters were unchanged, 388 untraded and 27 suspended.

Among active stocks, Carotech was flat at 8.5 sen, Time Dotcom decreased 1.5 sen to 49.5 sen, Talam Corporation was flat at 10 sen and Axiata Group declined two sen to RM4.45.

Sime Darby which announced plans to revamp its business into six flagship subsidiaries, rose to a near two-month high to RM8.10 with the counter surging 22 sen. ''

CIMB declined 18 sen to RM7.74, Maybank rose four sen to RM8.26, Proton was down seven sen to RM4.53 and Genting rose four sen to RM9.04.-- Bernama

No comments:

Post a Comment