KUALA LUMPUR: Selling of CIMB weighed on blue chips on Wednesday, Jan 19, sending the FBM KLCI lower for the second day as investors decided to take profit ahead of the holidays on Thursday.
At 5pm, the FBM KLCI was down 3.53 points to 1,566.51.Turnover was 1.63 billion shares valued at RM2.20 billion. Decliners led advancers 545 to 293 while 270 counters were unchanged.
However, several counters advanced on fresh positive corporate news including Pos Malaysia, DiGi and Mitrajaya.
World stocks hit their highest in nearly 2-1/2 years on Wednesday and the dollar dipped to eight-week troughs as strong fourth-quarter corporate earnings boosted confidence the world economic recovery would keep its momentum, according to Reuters.
Apple Inc released strong results and an upbeat outlook on dazzling sales of the iPhone and iPad, while International Business Machines Corp reported better than expected quarterly profit.
At Bursa Malaysia, CIMB fell 14 sen to RM8.64 with 28.643 million shares done while MMHE shed 11 sen to RM6.39.
Other decliners were UEM Land-CD, down 13 sen to 74 sen and GAB 12 sen to RM10.58 while among PLANTATION []s, United Plantations and Sarawak Plantations lost 10 sen each to RM16.58 and RM2.62.
Benalec, which was listed on Monday, climbed 14 sen to RM1.47 with 48 million shares done. KSSC, which was listed on Wednesday, added 4.5 sen to 61.5 sen in active trade.
DiGi rose 28 sen to RM25.58 after it signed a network collaboration agreement with Celcom which would enable both parties to save up to RM2.2 billion over 10 years.
Pos Malaysia added 25 sen to RM3.64 after Khazanah Nasional Bhd said it would call bids this week for the sale of its 32.21% stake. Its call warrants POS-CA added 5.5 sen to 23 sen.
Mitrajaya rallied 17 sen to RM2 after it proposed a corporate exercise which includes a one-into-two share split, proposed bonus issue of 139.85 million new shares and also the issuance of 52.44 million free warrants.
KUB added 6.5 sen to 93.5 sen after the company and Malaysia Steel Works'' announced their intention'' to'' build and operate a 100km inter-city rail transit system in Iskandar Malaysia, which will connect to the MRT line from Singapore.
The project could cost over RM1 billion and consists of up to 25 commuter stations in major towns in the Iskandar Malaysia region in the initial stage.
At 5pm, the FBM KLCI was down 3.53 points to 1,566.51.Turnover was 1.63 billion shares valued at RM2.20 billion. Decliners led advancers 545 to 293 while 270 counters were unchanged.
However, several counters advanced on fresh positive corporate news including Pos Malaysia, DiGi and Mitrajaya.
World stocks hit their highest in nearly 2-1/2 years on Wednesday and the dollar dipped to eight-week troughs as strong fourth-quarter corporate earnings boosted confidence the world economic recovery would keep its momentum, according to Reuters.
Apple Inc released strong results and an upbeat outlook on dazzling sales of the iPhone and iPad, while International Business Machines Corp reported better than expected quarterly profit.
At Bursa Malaysia, CIMB fell 14 sen to RM8.64 with 28.643 million shares done while MMHE shed 11 sen to RM6.39.
Other decliners were UEM Land-CD, down 13 sen to 74 sen and GAB 12 sen to RM10.58 while among PLANTATION []s, United Plantations and Sarawak Plantations lost 10 sen each to RM16.58 and RM2.62.
Benalec, which was listed on Monday, climbed 14 sen to RM1.47 with 48 million shares done. KSSC, which was listed on Wednesday, added 4.5 sen to 61.5 sen in active trade.
DiGi rose 28 sen to RM25.58 after it signed a network collaboration agreement with Celcom which would enable both parties to save up to RM2.2 billion over 10 years.
Pos Malaysia added 25 sen to RM3.64 after Khazanah Nasional Bhd said it would call bids this week for the sale of its 32.21% stake. Its call warrants POS-CA added 5.5 sen to 23 sen.
Mitrajaya rallied 17 sen to RM2 after it proposed a corporate exercise which includes a one-into-two share split, proposed bonus issue of 139.85 million new shares and also the issuance of 52.44 million free warrants.
KUB added 6.5 sen to 93.5 sen after the company and Malaysia Steel Works'' announced their intention'' to'' build and operate a 100km inter-city rail transit system in Iskandar Malaysia, which will connect to the MRT line from Singapore.
The project could cost over RM1 billion and consists of up to 25 commuter stations in major towns in the Iskandar Malaysia region in the initial stage.
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