Friday, September 3, 2010

Shares end easier on profit-taking

KUALA LUMPUR: Share prices on Bursa Malaysia ended easier on Friday, Sept 3, as investors locked in profits in key heavyweights, particularly finance counters, after the recent sharp gains, dealers said.

The FTSE Bursa Malaysia KUALA LUMPUR COMPOSITE INDEX [] (FBM KLCI) closed 5.4 points lower at 1,435.67, dragged down by losses mostly in Genting, Sime Darby and Telekom.

The key index had opened 1.02 points lower at 1,440.05.

The recent sharp gains in the benchmark index was boosted by the rally in finance stocks, a dealer said.

The Finance Index increased 7.84 points to 12,957.67 and the PLANTATION [] Index gained 18.61 points to 6,661.11 but the INDUSTRIAL INDEX [] fell 4.46 points
to 2,766.34.

The FBM Emas Index meanwhile, slipped 13.95 points to 9,584.79, the FBM70 [] Index advanced 47.52 points to 9,377.18 and the FBM ACE index rose 32.93 points to 3,749.36.

Turnover declined to 922.100 million shares worth RM1.718 billion compared to Thursday's 1.075 billion shares valued at RM1.87 billion.

Advancers outnumbered decliners by 394 to 325 while 291 counters were unchanged, 352 untraded and 35 others suspended. -- Bernama


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