KUALA LUMPUR: Share prices closed mostly lower on Bursa Malaysia on Monday, Sept 6 as the local bourse remained in negative territory throughout the afternoon session after gains earlier in the day, dealers said.
The FTSE Bursa Malaysia KUALA LUMPUR COMPOSITE INDEX [] (FBM KLCI) lost 0.99 of a point to 1,434.68 after opening 0.44 of a point higher at 1,436.11.
Dealers said the market lost its momentum after the strong run-up over the past few weeks, as investors are reluctant to take any long positions and are unwinding.
However, sustained buying interest in selected banking stocks such as CIMB, AMMB and RHB Capital helped boost the finance index and narrow overall losses.
The Finance Index, however, gained 63.63 points to 13,021.3, but the PLANTATION [] Index was 15.2 points down to 6,645.91 and the INDUSTRIAL INDEX [] declined 14.07 points to 2,752.27.
The FBM Emas meanwhile, lost 11.10 points to 9,573.69 and the FBM 70 Index declined 31.38 points to 9,345.80 and the FBM Ace Index was up 5.17 points to 3,754.53.
Turnover decreased to 743.74 million shares worth RM1.42 billion from the 922.06 million shares worth RM1.718 billion last Friday.
For the actives, Talam Corporation gained half a sen to 9.5 sen, KNM Group declined one sen to 40.5 sen, SAAG Consolidated flat at 6.5 sen and Sinotop Holdings rose one sen to 14 sen.
RHB Capital rose to a near 13-year high to close at RM7.13, surging 29 sen from last Friday's closing price, on speculation of potential merger plans.
RHB Capital was also among the top three major gainers.
Among heavyweights, Maybank declined three sen to RM8.42, CIMB gained 11 sen to RM8.00, Genting advanced seven sen to RM9.29 and AMMB rose seven sen to RM5.96. ' Bernama
The FTSE Bursa Malaysia KUALA LUMPUR COMPOSITE INDEX [] (FBM KLCI) lost 0.99 of a point to 1,434.68 after opening 0.44 of a point higher at 1,436.11.
Dealers said the market lost its momentum after the strong run-up over the past few weeks, as investors are reluctant to take any long positions and are unwinding.
However, sustained buying interest in selected banking stocks such as CIMB, AMMB and RHB Capital helped boost the finance index and narrow overall losses.
The Finance Index, however, gained 63.63 points to 13,021.3, but the PLANTATION [] Index was 15.2 points down to 6,645.91 and the INDUSTRIAL INDEX [] declined 14.07 points to 2,752.27.
The FBM Emas meanwhile, lost 11.10 points to 9,573.69 and the FBM 70 Index declined 31.38 points to 9,345.80 and the FBM Ace Index was up 5.17 points to 3,754.53.
Turnover decreased to 743.74 million shares worth RM1.42 billion from the 922.06 million shares worth RM1.718 billion last Friday.
For the actives, Talam Corporation gained half a sen to 9.5 sen, KNM Group declined one sen to 40.5 sen, SAAG Consolidated flat at 6.5 sen and Sinotop Holdings rose one sen to 14 sen.
RHB Capital rose to a near 13-year high to close at RM7.13, surging 29 sen from last Friday's closing price, on speculation of potential merger plans.
RHB Capital was also among the top three major gainers.
Among heavyweights, Maybank declined three sen to RM8.42, CIMB gained 11 sen to RM8.00, Genting advanced seven sen to RM9.29 and AMMB rose seven sen to RM5.96. ' Bernama
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