Thursday, December 23, 2010

Share prices close lower on profit taking

KUALA LUMPUR: Share prices on Bursa Malaysia closed lower on Thursday, Dec 23 on profit taking activities as investors were reluctant to keep heavy positions ahead of Christmas holiday, dealers said.

Gains in some selected heavyweights managed to keep the FTSE Bursa Malaysia KLCI above 1,500 level.

At 5pm, the KLCI edged down by 0.57 of a point to 1,514.48.

The benchmark index which opened 3.64 points higher at 1,518.69, moved between 1,511.2 and 1,518.8.

The Finance Index declined 34.38 points to 13,840.01, the PLANTATION [] Index slipped 1.65 points to 7,920.47 while the INDUSTRIAL INDEX [] rose 5.72 points to 2,816.03.

The FBM Emas Index slipped 7.04 points to 10,348.41, the FBM 70 Index was 23.229 points lower at 10,876.73 while the FBM Ace Index was down by 6.16 points to 4,263.22.

Losers led gainers by 383 to 356, while 305 counters were unchanged, 348 untraded and 30 others suspended.

Total volume declined to 1.251 billion shares valued at RM1.646 billion from 1.253 billion shares worth RM1.664 billion yesterday. On the Main Market, volume decreased to 825.26 million units valued at RM1.559 billion from Wednesday's close of 976.982 million shares worth RM1.596 billion.

Warrants, however, rose to 370.065 million shares worth RM73.64 million from 228.075 million units valued at RM56.218 million previously.

Turnover on the ACE Market improved to 53.415 million units worth RM11.435 million from Wednesday's close of 43.5 million shares valued at RM8.267 million.

Among active stoks, KNM-CE:CW added three sen to 33 sen, INTEGRATED RUBBER CORPORATION [] rose 4.5 sen to 28.5 sen and MAS-CA:Cw increased 6.5 sen to 18 sen.

Of the heavyweights, CIMB declined six sen to RM8.54, Maybank and Petronas Chemicals were both unchanged at RM8.50 and RM5.57 respectively while Tenaga gained nine sen to RM8.39.

Consumer products accounted for 54.231 million shares traded on the Main Market, industrial products 226.414 million, CONSTRUCTION [] 59.643 million, trade and services 272.211 million, TECHNOLOGY [] 36.562 million, infrastructure 12.705 million, finance 44.016 million, hotels 2.52 million, PROPERTIES [] 88.698 million, plantations 22.396 million, mining 621,700, REITs 5.172 million and closed/fund 69,800. ' Bernama


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