Thursday, February 10, 2011

Banks drag KLCI down more than 16pts in early trade

KUALA LUMPUR: Shares of banks were sold in early trade on Thursday, Feb 10, dragging the FBM KLCI deep into the negative zone.

At 9.27am, the FBM KLCI was down 16.7 points to 1,519.37. Turnover was 255.13 million shares done valued at RM184.75 million. Declining stocks thrashed advancers 303 to 82 while 161 stocks were unchanged.

BAT was the top loser, down RM1.46 to RM46.10 with 5,500 shares done. DiGi shed 18 sen to Rm25.44 and MMHE 14 sen to RM6.12.

MPHB lost 19 sen to RM2.49 with 4.61 million shares done. On Wednesday, MPHB said it had inked an MoU with the CVC Capital Partners Asia Pacific group to acquire the remaining 49% stake in Magnum and RM674.65 million nominal value redeemable convertible loan stock class C of Magnum (RCULS-C) for RM1.63 billion.

No comments:

Post a Comment