Friday, September 24, 2010

Share prices close mixed

KUALA LUMPUR: Share prices closed mixed on Friday, Sept 24 on continued profit-taking and losses among heavyweights, dealers said.

The FTSE Bursa Malaysia KUALA LUMPUR COMPOSITE INDEX [] (FBM KLCI) lost 6.89 points to 1,451.19 after opening 6.50 points lower at 1,451.58.

However, the market managed to pare some of its earlier losses, in the late afternoon session on bargain hunting activities.

The INDUSTRIAL INDEX [] gained 1.32 points to 2,781.96, the Finance Index eased 61.71 points to 13,175.47 and the PLANTATION [] Index fell 8.58 points to 6,734.87.

The FBM Emas Index meanwhile, eased 24.80 points to 9,725.00, but the FBM70 [] rose 12.81 points to 9,585.51. The FBM Ace Index, gained 66.57 points to 3,848.66

Turnover was higher at 1.727 billion shares worth RM1.531 billion from the 999.443 million shares worth RM1.416 billion on Thursday.

Advancers led decliners 408 to 307, while 289 counters were unchanged, 347 untraded and 36 others suspended.

Shares of Karambunai gained on expectations that the company would benefit from the government's Economic Transformation Plan (ETP) for its tourism industry business in Sabah.

Of the active stocks, Karambunai rose six sen to 18 sen, SAAG Consolidated gained 2.5 sen to nine sen, Asian Pac Holdings increased three sen to 12 sen and Talam Corp rose half sen to 10 sen.

Among heavyweights, Maybank lost four sen to RM8.58, CIMB slipped 10 sen to RM8.09, Tenaga Nasional eased eight sen to RM8.92 and Sime Darby rose four sen to RM8.37. ' Bernama


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