Share prices on Bursa Malaysia closed lower Friday on the back of the plunge on Wall Street overnight. Selling was broad based with all the major indices falling by more than 1% and volume traded was higher.The benchmark FBM KLCI tumbled 17.13 points or 1.35% to 1,247.90 points. It opened 16.88 points lower at 1,248.15 points and traded between 1,247.46 and 1,253.00 points during the day, representing a trading band of only 5.54 points.
Market breadth was negative with losers beating gainers 588 to 163. Volume rose to 918 million shares valued at RM1,523 million from 621 million shares worth RM992 million Thursday.
Of the 30 components of KLCI, only two closed in the positive territory, 27 ended lower while the remaining one was unchanged. Volume for the component stock was 140 million shares worth RM876 million.For the week, the index fell 11.26 points or 0.89% from the previous Friday’s closing of 1,259.16 points.
Market sentiment was soured by an unexpected increase in U.S. jobless claims and growing concern over European sovereign debt.
The Finance Index plunged 176.44 points to 10942.73 points, the Properties Index fell 10.84 points to 776.85 points and the Plantation Index dropped 87.03 points to 6149.05 points. Actively traded stocks include KNM, TALAM, GENTING, MRCB-OR, LCL, REDTONE-LR, KNM-CB, PLUS, BJCORP-LC, and IRCB.
Lagging Movers were CIMB (-28 sen to RM12.42), IOI (-10 sen to RM5.10), PUBLIC BANK (-14 sen to RM11.40), GENITNG (-17 sen to RM6.78) and MAYBANK (-8 sen to RM6.81). Leading Movers were PLUS (+7 sen to RM3.42) and DIGI (+2 sen to RM 22.32).
CAVEAT EMPTOR
No comments:
Post a Comment