Friday, January 14, 2011

Profit taking picks up pace

KUALA LUMPUR: Profit taking picks up pace in late afternoon on Friday, Jan 14, with the FBM KLCI down nearly five points, weighed down by losses in Genting and property stocks.

At 4.02pm, the FBM KLCI fell 4.99 points to 1,566.57. Turnover was 1.75 billion shares valued at RM2 billion. There were 259 gainers, 602 losers and 254 stocks unchanged.

Genting fell 16 sen to RM11.82 after the recent rally. BAT lost 30 sen to Rm48.18, DiGi 18 sen to RM24.90.

Property players SP Setia and UEM Land, which had rallied as interest in Iskandar Malaysia property picked up, saw investors locking in gains.

SP Setia lost 24 sen to RM6.69 and UEM Land 17 sen to RM3.08.


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