KUALA LUMPUR: The FBM KLCI opened down at the start of trade on Thursday, Nov 18, weighed down by losses in PPB and Tenaga Nasional.
At 9am, the KLCI was down 3.23 points to the critical level of 1,500.31. Turnover was 18.37 million shares valued at RM22.15 million.
Among PLANTATION []s, Glenealy skidded 83 sen to RM4.22 and PPB shed 64 sen to RM18.90. Heavyweight Tenaga shed 14 sen to RM8.63, Bursa four sen to RM8.28.
BDRB lost four sen to RM2.47 after OSK Research said its annualised 9M10 core net profit, excluding the RM82.7 million exceptional gain from property revaluation surplus, was 50% and 77% below our and consensus estimates.
The research house said BDRB's 9M10 y-o-y and q-o-q turnover fell by 33% and 16% respectively on lower property sales, exhausting unbilled sales and delays in progress billing.
At 9am, the KLCI was down 3.23 points to the critical level of 1,500.31. Turnover was 18.37 million shares valued at RM22.15 million.
Among PLANTATION []s, Glenealy skidded 83 sen to RM4.22 and PPB shed 64 sen to RM18.90. Heavyweight Tenaga shed 14 sen to RM8.63, Bursa four sen to RM8.28.
BDRB lost four sen to RM2.47 after OSK Research said its annualised 9M10 core net profit, excluding the RM82.7 million exceptional gain from property revaluation surplus, was 50% and 77% below our and consensus estimates.
The research house said BDRB's 9M10 y-o-y and q-o-q turnover fell by 33% and 16% respectively on lower property sales, exhausting unbilled sales and delays in progress billing.
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