Monday, September 6, 2010

Market slips lower, profit taking picks up

KUALA LUMPUR: Stocks on Bursa Malaysia slipped further into the red in late afternoon on Monday, Sept 6 as the broader market also weakened on profit taking after the strong run-up which sent the FBM KLCI to a fresh 30-month high last week.

At 3.27pm, the FBM KLCI was down 2.94 points to 1,432.73. Turnover was 526.77 million shares valued at RM8313.27pm, the FBM KLCI was down 2.94 points to 1,432.73. Turnover was 526.77 million shares valued at RM831 million. There were 272 gainers, 352 losers and 276 stocks unchanged.

Most key regional markets were in the positive zone while European bourses opened higher.

At Bursa, BAT fell 20 sen to RM46.80, KFCH 12 sen to RM11.18, SP Setia 11 sen to RM4.29 and Petronas Gas 10 sen to RM10.60. CCB eased 12 sen to RM4.82.

KStar fell 18 sen to RM1.82 with 5,000 shares done'' after the run-up last Friday in the absence of any fresh corporate news.

JCY shed three sen to RM1.10, the first decline in four days after it rebounded on Wednesday following a recent selldown.

Nestle was the top gainer, up 30 sen to RM40.90, Plenitude rose 17 sen to RM3.79 and RHB Cap 11 sen to RM6.95.


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