KL shares end mixed

Published: 2009/08/28

MALAYSIAN share prices eased 0.22 per cent today as market players stepped back ahead of a long holiday weekend,
dealers said.

The Kuala Lumpur Composite Index lost 2.63 points to 1,174.27. Declining stocks outnumbered advancers 385 to 257.

TA Securities said the market was “in consolidation mode” while “rotational plays on low-priced penny stocks” continue to dominate trading activity, Dow Jones Newswires reported.

Declining stocks included Bumi-Commerce which fell 4.5 per cent to RM9.95, Gamuda which lost 1 per cent to RM3.07 and AirAsia which slipped 1.4 per cent to RM1.37.

Among the advancers, Axiata rose 1.3 per cent to RM3.15, YTL Power rose 1.8 per cent to RM2.21 and Genting added 1.2 per cent to RM6.68.

At 5pm, the Finance Index declined 102.17 points at 9,433.92, while the Plantation Index gained 3.12 points to 5,837.42 and the Industrial Index lost 3.77 points to 2,593.99.

The FBM Emas Index fell 13.39 points to 7,924.05, the FBM Top 100 went down 12.05 points to 7,707.52 and the FBM ACE Index shed 16.62 points to end at 4,145.53.

However, losers still led gainers 390 to 258 while 251 counters closed unchanged with 352 untraded and none suspended.

Turnover rose to 632.06 million shares worth RM1.308 billion from 585.09 million shares worth RM1.01 billion yesterday. - AFP/Bernama