KUALA LUMPUR: Selling picked up pace in the afternoon session on Friday, Jan 21, with selling focusing on CIMB and also PLANTATION [] counters and there are concerns about some foreign funds taking money out of equities.
At 3.08pm, the FBM KLCI is down 18.98 points to 1,547.53. Turnover is 1.13 billion shares valued at RM1.8 billion.'' Losers beat gainers 683 to 137.
The head of institutional dealing at a bank-backed brokerage said local funds were staying on the sidelines but there could be some buying towards close.
An analyst said judging from the profit taking, there could be some foreign funds taking money off the table, based on the decline in share prices of blue chips.
KL Kepong fell the most, down 60 sen to RM22.60, PPB 30 sen to RM17.20 and that of its major shareholder, Batu Kawan 22 sen to RM16.96.
Nestle shed 50 sento RM45, Tradewinds and CIMB 27 sen each to Rm7.42 and RM8.37 while MHB fell 22 sen to RM6.17.
At 3.08pm, the FBM KLCI is down 18.98 points to 1,547.53. Turnover is 1.13 billion shares valued at RM1.8 billion.'' Losers beat gainers 683 to 137.
The head of institutional dealing at a bank-backed brokerage said local funds were staying on the sidelines but there could be some buying towards close.
An analyst said judging from the profit taking, there could be some foreign funds taking money off the table, based on the decline in share prices of blue chips.
KL Kepong fell the most, down 60 sen to RM22.60, PPB 30 sen to RM17.20 and that of its major shareholder, Batu Kawan 22 sen to RM16.96.
Nestle shed 50 sento RM45, Tradewinds and CIMB 27 sen each to Rm7.42 and RM8.37 while MHB fell 22 sen to RM6.17.
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