Friday, September 30, 2011

Selling pressure picks up, MMHE, Sime among top losers

KUALA LUMPUR: The FBM KLCI fell further into the red in late trade on Friday, Sept 30, with selling pressure seen picking up in MMHE and Sime Darby.

The Malaysian markets and Asian bourses were tracking the weaker European shares, which opened lower on Friday. According to Reuters, European markets were on track to record their worst quarterly performance since late 2008, as markets grapple with slowing global growth and a long-running euro zone sovereign debt crisis.

At 4.11pm, the 30-stock KLCI was down 9.02 points to 1,378.44. Turnover was 900.78 million shares valued at RM1.37 billion. Losers beat gainers 408 to 341 while 253 stocks were unchanged.

MMHE fell 31 sen to RM5.57 with 4.59 million shares done, Hong Leong Bank shed 29 sen to RM9.91, KLK 28 sen to RM20.82, MISC 19 sen to RM5.83 while Sime and Genting surrended 17 sen each to RM8.31 and RM9.16.

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