KUALA LUMPUR: Share prices on Bursa Malaysia were mostly lower today on profit-taking after the gains last week, dealers said.
Late buying interests in selected heavyweights, however, lifted the FTSE Bursa Malaysia KUALA LUMPUR COMPOSITE INDEX [] (FBM KLCI) by 2.72 points to close at 1,469.69.
It opened 3.76 points higher at 1,470.73.
MIMB Investment Bank said the FBM KLCI was due for a short-term correction.
"We are cautious on big-capitalised stocks because the FBM KLCI has actually surpassed the highest year-end target of 1,460," it said in its equity research notes.
The PLANTATION [] Index increased 31.49 points to 6,886.72 and the INDUSTRIAL INDEX [] added 1.58 points to 2,789.5. The Finance Index, however, fell 27.14 points to 13,348.12.
The FBM70 [] declined 10.119 points to 9,609.19 and the FBM Ace Index eased 0.12 point to 3,879.94.
The FBM Emas Index, however, rose 8.88 points to 9,813.5.
Turnover declined to 850.799 million shares worth RM1.381 billion from 967.527 million shares worth RM1.906 billion last Friday.
Decliners led advancers by 417 to 316 while 269 counters were unchanged, 359 untraded and 36 others suspended.
Among actives, KNM Group rose half sen to 44.5 sen and AsiaEP gained half sen to eight sen. Tejari Technologies slipped one sen to 21 sen. Sanichi TECHNOLOGY [] was flat at seven sen.
In banking stocks, Public Bank slipped six sen to RM12.70 and RHB Capital declined four sen to RM7.00.
Of the heavyweights, CIMB rose four sen to RM8.31, Sime Darby gained 15 sen to RM8.30 and Tenaga Nasional increased five sen to RM9.06.
Maybank, however, eased three sen to RM8.71.
CONSTRUCTION [] counters rose on anticipation the announcement of the details of the Economic Transformation Programme tomorrow would give them a boost.
Gamuda rose two sen to RM3.76, MTD Capital increased five sen to RM5 and WCT rose four sen to RM2.94. -- Bernama
Late buying interests in selected heavyweights, however, lifted the FTSE Bursa Malaysia KUALA LUMPUR COMPOSITE INDEX [] (FBM KLCI) by 2.72 points to close at 1,469.69.
It opened 3.76 points higher at 1,470.73.
MIMB Investment Bank said the FBM KLCI was due for a short-term correction.
"We are cautious on big-capitalised stocks because the FBM KLCI has actually surpassed the highest year-end target of 1,460," it said in its equity research notes.
The PLANTATION [] Index increased 31.49 points to 6,886.72 and the INDUSTRIAL INDEX [] added 1.58 points to 2,789.5. The Finance Index, however, fell 27.14 points to 13,348.12.
The FBM70 [] declined 10.119 points to 9,609.19 and the FBM Ace Index eased 0.12 point to 3,879.94.
The FBM Emas Index, however, rose 8.88 points to 9,813.5.
Turnover declined to 850.799 million shares worth RM1.381 billion from 967.527 million shares worth RM1.906 billion last Friday.
Decliners led advancers by 417 to 316 while 269 counters were unchanged, 359 untraded and 36 others suspended.
Among actives, KNM Group rose half sen to 44.5 sen and AsiaEP gained half sen to eight sen. Tejari Technologies slipped one sen to 21 sen. Sanichi TECHNOLOGY [] was flat at seven sen.
In banking stocks, Public Bank slipped six sen to RM12.70 and RHB Capital declined four sen to RM7.00.
Of the heavyweights, CIMB rose four sen to RM8.31, Sime Darby gained 15 sen to RM8.30 and Tenaga Nasional increased five sen to RM9.06.
Maybank, however, eased three sen to RM8.71.
CONSTRUCTION [] counters rose on anticipation the announcement of the details of the Economic Transformation Programme tomorrow would give them a boost.
Gamuda rose two sen to RM3.76, MTD Capital increased five sen to RM5 and WCT rose four sen to RM2.94. -- Bernama
No comments:
Post a Comment