Monday, November 15, 2010

Blue chips open lower

KUALA LUMPUR: Blue chips opened on a cautious note on Monday, Nov 15 as investors sought to extend their profit taking following the market run-up recently.

At 9.01am, the FBM KLCI was down 0.4 of a point to 1,499.41. Turnover was 15.35 million shares valued at RM12.91 million. There were 76 gainers, 47 losers and 97 stocks unchanged.

Among the decliners were Kulim, down 20 sen to RM13.12 after the recent run-up.

Pacific & Orient fell 10 sen to 92 sen after it called off the preliminary negotiations for the proposed divestment of an equity interest in Pacific & Orient Insurance Co. Bhd to Prudential Holdings Ltd.

Public Bank foreign shed eight sen to RM12.47, AMMB eased four sen to RM6.15 while AMMB, Genting Malaysia, MMC Corp and Hap Seng shed four sen each to RM6.15, RM3.46, RM2.86 and RM4.06 respectively.


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