Malaysian shares closed lower yesterday as market sentiment turned fragile with concern over rising influenza A (H1N1) cases in Malaysia, dealers said.
Despite the gains in Asian markets, the local bourse lost its momentum after its previous gains were dragged down by the selling pressure in heavyweights, they said.According to the dealers, sentiment is likely to remain cautious for the time being while the Invest Malaysia 2009 conference at the end of this month may provide a catalyst to boost sentiment.
The Kuala Lumpur Composite Index (KLCI) lost 13.53 points to 1,045.97."The market lacked fresh drivers while profit-taking in both blue chips and second liners pushed the market lower," a dealer told Dow Jones Newswires.
The dealer said the KLCI could trade between 1,037 and 1,070 today.The Plantation Index went down 12.03 points to 5,316.6, the Industrial Index fell 32.62 points to 2,321.43 and Finance Index dropped 128.26 points to 8,365.44.
The FBMEmas Index was 103.26 points lower at 6,995.27, the FBM30 Index declined 81.71 points to 6,714.12, the FBM2BRD Index fell 111.51 points to 4,702.64 and the FBMMesdaq Index dropped 107.16 points to 4,032.35.
Losers outnumbered gainers 602 to 116 while 146 counters were unchanged, 363 untraded and 39 suspended.Volume went down to 1.238 billion shares worth RM1.305 billion from 1.352 billion shares worth RM1.522 billion last Friday.
Of the heavyweights, Sime Darby declined 15 sen to RM6.85, Maybank lost 10 sen to RM5.60, Bumiputra-Commerce dropped 20 sen to RM9.05 and Tenaga Nasional fell 20 sen to RM7.35.Among the actives, KNM Group was 0.055 sen lower at 81 sen, UEM Land Holdings lost 13 sen to RM1.38, Compugates Holdings dropped half sen to 7 sen and Tebrau Teguh declined 7.5 sen to 70.5 sen.
On Bursa Malaysia Derivatives, KLCI futures closed lower as the market came under selling pressure after recent gains, dealers said, adding that investors tracked the weaker market sentiment on the cash market.
Spot month June went down 20 points to 1,044, July 2009 declined 19.5 points to 1,040.5, September 2009 dropped 16 points to 1,037 and December 2009 fell 16.5 points to 1,030.5.Turnover increased to 8,140 lots from 6,621 lots last Friday while open interests rose to 23,452 contracts from 23,054 contracts. - Bernama, AFP
About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
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