Bursa ends first day on low note

Share prices on Bursa Malaysia ended lower on selling pressure following sharp losses in regional bourses today and the Wall Street overnight, dealers said.

While most bluechips went on a yo-yo trend, CIMB Group Holdings saw sustained interest throughout the day, a dealer said.
The dealer also said the market will most likely move in a tight range ahead of the coming Hari Raya holidays with investors reluctant to take any aggressive position. “Volume will also be thin, with the FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) moving within the range of 1,200 and 1,220 this week,” a dealer said.

At close, the FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) declined 4.92 points to 1,203.36 after opening 0.25 of a point higher at 1,208.53.

The FBMEmas declined 42.92 points to 8,079.85, the FBM Top 100 slipped 36.44 points to 7,878.06, FBM70 eased 53.38 points to 7,928.96 and the FBM ACE Index fell 71.57 points to 4,008.17.
The Finance index slipped 22.689 points to 9,827.2, the Technology Index eased 0.14 of a point to 16.14, the Plantation Index declined 27.32 points to 5,927.06 and the Industrial Index decreased 15.08 points to 2,624.59.
Decliners led advancers 511 to 149 while 198 counters were unchanged and 395 others untraded. Total volume was higher at 547.72 million shares worth RM951.261 million from 516.916 million shares worth RM925.929 million last Friday.
Among actives, KNM Group declined 2.5 sen to 69.5 sen, OilCorp slipped 5.5 sen to 31.5 sen, ASIAEP declined one sen to six sen and Kumpulan Jetson Warrants rose 5.5 sen to 77 sen. As for the heavyweights, CIMB Group Holdings gained 16 sen to RM11.10 while RHB Capital and Sime Darby were flat at RM5 and RM8.50 respectively.
Tenaga Nasional declined one sen to RM8.22. Main board turnover increased to 461.034 million shares worth RM933.110 million from 447.072 million shares worth RM906.902 million last Friday.
The ACE market volume increased to 47.27 million shares worth RM7.910 million from 37.157 million shares worth RM8.816 million last Friday.
Trade in warrants increased to 36.077 million shares worth RM8.792 million from 28.139 million shares worth RM8.341 million previously.