KUALA LUMPUR: Share prices ended mixed on Wednesday, Sept 22 as the market succumbed to selling pressure after the recent gains, dealers said.
The FTSE Bursa Malaysia KUALA LUMPUR COMPOSITE INDEX [] (FBM KLCI) retreated 1.24 points to 1,474.75, prompted by profit taking activities.
Jupiter Securities Head of Research Pong Teng Siew said the government's Economic Transformation Programme (ETP) unveiled on Tuesday did not have an immediate impact on the market as investors awaited specific details on its long-term implementation.
"However, there are expectations that some CONSTRUCTION [] companies such as Gamuda will benefit from the ETP," he said.
Construction counters like Gamuda, MMC Corporation and YTL Corporation emerged as among the major gainers on Wednesday.
The PLANTATION [] Index shed 45.33 points to 6,877.75 and the INDUSTRIAL INDEX [] eased 3.03 points to 2,798.34.
The Finance Index rose 1.061 points to 13,332.86 and the FBM Ace Index lost 36.47 points to 3,806.72 but the FBM70 [] declined 11.17 points to 9,640.32.
The FBM Emas Index slipped 2.86 points to 9,851.17. ''
Turnover increased to 1.332 billion shares worth RM2.021 billion from 1.049 billion shares worth RM1.513 billion on Tuesday.
Advancers led decliners 398 to 363 while 280 counters were unchanged, 311 untraded and 35 others suspended.
Among actives, Genting Malaysia lost 14 sen to RM3.50, KNM Group rose 1.5 sen to 46.5 sen, Zelan added three sen to 69 sen and Eastern and Oriental increased four sen to RM1.18.
Maybank lost two sen to RM8.68, CIMB rose one sen to RM8.29, Sime Darby was flat at RM8.34 while Tenaga Nasional slipped two sen to RM9.04.
Major gainers Gamuda earned 13 sen to RM3.88 and MMC Corporation perked 11 sen to RM2.89.
YTL Corporation emerged the 13th major gainer, jumping 11 sen to RM7.70. ' Bernama
The FTSE Bursa Malaysia KUALA LUMPUR COMPOSITE INDEX [] (FBM KLCI) retreated 1.24 points to 1,474.75, prompted by profit taking activities.
Jupiter Securities Head of Research Pong Teng Siew said the government's Economic Transformation Programme (ETP) unveiled on Tuesday did not have an immediate impact on the market as investors awaited specific details on its long-term implementation.
"However, there are expectations that some CONSTRUCTION [] companies such as Gamuda will benefit from the ETP," he said.
Construction counters like Gamuda, MMC Corporation and YTL Corporation emerged as among the major gainers on Wednesday.
The PLANTATION [] Index shed 45.33 points to 6,877.75 and the INDUSTRIAL INDEX [] eased 3.03 points to 2,798.34.
The Finance Index rose 1.061 points to 13,332.86 and the FBM Ace Index lost 36.47 points to 3,806.72 but the FBM70 [] declined 11.17 points to 9,640.32.
The FBM Emas Index slipped 2.86 points to 9,851.17. ''
Turnover increased to 1.332 billion shares worth RM2.021 billion from 1.049 billion shares worth RM1.513 billion on Tuesday.
Advancers led decliners 398 to 363 while 280 counters were unchanged, 311 untraded and 35 others suspended.
Among actives, Genting Malaysia lost 14 sen to RM3.50, KNM Group rose 1.5 sen to 46.5 sen, Zelan added three sen to 69 sen and Eastern and Oriental increased four sen to RM1.18.
Maybank lost two sen to RM8.68, CIMB rose one sen to RM8.29, Sime Darby was flat at RM8.34 while Tenaga Nasional slipped two sen to RM9.04.
Major gainers Gamuda earned 13 sen to RM3.88 and MMC Corporation perked 11 sen to RM2.89.
YTL Corporation emerged the 13th major gainer, jumping 11 sen to RM7.70. ' Bernama
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