KL shares mixed at mid-day

Published: 2009/07/27

MALAYSIAN shares ended the morning session on a mixed note today as investor interest focused on lower liners, dealer said. At noon break, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 2.92 points to 1,152.96 after opening 0.93 points lower at 1,154.95.

OSK Research in a note said it maintained its bullish view towards the near-term market. It said at the current level, the FBM KLCI is expected to face an immediate resistance at the level of 1,165-point, followed by that at the 1,187 point.

The Finance Index fell 31.04 points to 9,382.28, the Industrial Index went up 0.24 of a point to 2,527.88 and the Plantation Index decreased 39.78 points to 5,538.97. The FBMEmas Index declined 8.09 points to 7,774.68, the FBM Top 100 went down 12.67 points to 7,564.04, the FBM2BRD Index firmed up 129.72 points to 5,140.51 and the FBMMesdaq Index was 11.22 points lower at 4,086.77Gainers thumped losers by 336 to 228 while 187 counters were unchanged, 481 untraded and 31 others suspended.

Some 479.159 million shares worth RM508.727 million were traded. Among the actives, KNM rose 1.5 sen to 88.5 sen, Astral Supreme eased two sen to 27.5 sen, Jasa Kita and GSB Group edged up half a sen each to 14.5 sen and six sen.

Among the heavyweights, Sime Darby, Maybank and Bumiputra-Commerce edged down 10 sen each to RM7.85, RM6.40 and RM10.10 while IOI Corp decreased eight sen to RM4.78. -- Bernama