KUALA LUMPUR: Share prices on Bursa Malaysia closed mostly lower on Tuesday, Sept 7 with the market staying in negative territory amid continued profit-taking in heavyweights, dealers said.
The FTSE Bursa Malaysia KUALA LUMPUR COMPOSITE INDEX [] (FBM KLCI) slipped 0.41 of a point to 1,434.27.
However, there was buying interest in some lower liners and PLANTATION [] counters despite the generally weak market sentiment.
The dealers also said a cautious sentiment prevailed amid uncertainty in regional markets as investors doubted the sustainability of global economic growth despite the recent news of positive US jobs data.
They added that investors were reluctant to take any long positions and unwound ahead of the Hari Raya holidays starting this Friday.
The Finance Index lost 13.47 points to 13,007.83 but the Plantation Index was 13.87 points up to 6,659.78 and the INDUSTRIAL INDEX [] increased 6.61 points to 2,758.88. The FBM Emas meanwhile, lost 5.15 points to 9,568.54 and the FBM 70 Index declined 14.88 points to 9,330.92 and the FBM Ace Index increased 25.28 points to 3,779.81.
Turnover was lower at 641.94 million shares worth RM1.17 billion from 743.74 million shares worth RM1.42 billion on Monday.
Decliners outnumbered advancers by 354 to 336 while 286 counters were unchanged, 385 untraded and 35 others suspended.
Among actives, Talam Corporation was flat at 9.5 sen, Pacific & Orient rose 10 sen to RM1.14, KNM Group declined one sen to 39.5 sen and SIG Gases was up four sen to 81 sen.
Among the heavyweights, Maybank was flat at RM8.42, CIMB was unchanged at RM8.00, Genting rose three sen to RM9.32 and AMMB gained eight sen to RM5.93.
RHB Capital which rose to a near 13-year high on Monday on speculation of potential merger plans, lost eight sen to RM7.05.
Plantation counters such as Chin Teck Plantations and Kuala Lumpur Kepong gained on the back of the bullish crude palm oil futures market.
Chin Teck Plantations gained eight sen to close at RM8.20 while Kuala Lumpur Kepong rose six sen to RM17.04. ' Bernama
The FTSE Bursa Malaysia KUALA LUMPUR COMPOSITE INDEX [] (FBM KLCI) slipped 0.41 of a point to 1,434.27.
However, there was buying interest in some lower liners and PLANTATION [] counters despite the generally weak market sentiment.
The dealers also said a cautious sentiment prevailed amid uncertainty in regional markets as investors doubted the sustainability of global economic growth despite the recent news of positive US jobs data.
They added that investors were reluctant to take any long positions and unwound ahead of the Hari Raya holidays starting this Friday.
The Finance Index lost 13.47 points to 13,007.83 but the Plantation Index was 13.87 points up to 6,659.78 and the INDUSTRIAL INDEX [] increased 6.61 points to 2,758.88. The FBM Emas meanwhile, lost 5.15 points to 9,568.54 and the FBM 70 Index declined 14.88 points to 9,330.92 and the FBM Ace Index increased 25.28 points to 3,779.81.
Turnover was lower at 641.94 million shares worth RM1.17 billion from 743.74 million shares worth RM1.42 billion on Monday.
Decliners outnumbered advancers by 354 to 336 while 286 counters were unchanged, 385 untraded and 35 others suspended.
Among actives, Talam Corporation was flat at 9.5 sen, Pacific & Orient rose 10 sen to RM1.14, KNM Group declined one sen to 39.5 sen and SIG Gases was up four sen to 81 sen.
Among the heavyweights, Maybank was flat at RM8.42, CIMB was unchanged at RM8.00, Genting rose three sen to RM9.32 and AMMB gained eight sen to RM5.93.
RHB Capital which rose to a near 13-year high on Monday on speculation of potential merger plans, lost eight sen to RM7.05.
Plantation counters such as Chin Teck Plantations and Kuala Lumpur Kepong gained on the back of the bullish crude palm oil futures market.
Chin Teck Plantations gained eight sen to close at RM8.20 while Kuala Lumpur Kepong rose six sen to RM17.04. ' Bernama
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