April 7, 2009

KL shares fall as investors trim positions

MALAYSIAN shares remained low at mid-afternoon as investors trimmed their position, following the overnight fall on Wall Street, dealers said.At 2.45 pm, the benchmark Kuala Lumpur Composite Index (KLCI) fell nine points to 914.77, after opening 4.04 points lower at 919.73.

The Finance Index declined 162.19 points to 6,870.35, the Industrial Index dropped 7.59 points to 2,144.13 and the Plantation Index decreased 39.06 points to 4,753.67. The FBMEmas lost 65.47 points to 5,998.33, the FBM30 fell 77.86 points to 5,866.20, the FBM2BRD was 17.01 points lower at 3,937.95 and the FBM-MDQ declined 58.57 points to 3,012.54.

Decliners led advancers by 303 to 100, while 162 counters were unchanged, 681 untraded and 37 others suspended. The market volume amounted to 386.176 million shares valued at RM554.136 million. Among the actives, Maybank-OR lost 34 sen to RM1.08, Maybank fell 24 sen to RM3.92 and Gamuda increased seven sen to RM2.42. Among the heavyweights, Sime Darby was unchanged at RM5.90, Tenaga declined 10 sen to RM6.30, Telekom was flat at RM3.60 and Genting rose four sen to RM4.32. - Bernama