Share prices on Bursa Malaysia ended the day slightly lower as they failed to extend gains from last week as investors took cue from the Wall Street's weaker performance last Friday, dealers said.
The 2010 Budget unveiled on Friday had yet to impact the local bourse, which was more influenced by the lower corporate results in the US, they added.
However, direct beneficiaries of the budget, like the construction and property sectors as well as stockbroking firms, are likely to continue to see the interest of investors this week, a dealer said.
The benchmark index, the FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI), declined 7.18 points, or 0.567 per cent, to end at 1,259.92, with losses mostly seen in Axiata Group and Genting.
The FBM KLCI had opened 0.33 point higher at 1,267.43 compared to Friday's close of 1,267.10.
Throughout trade yesterday, the FBM KLCI moved between 1,259.92 and 1,267.43.
The FBM Emas Index lost 59.79 points to 8,455.79, the FBM Top 100 dropped 54.22 points to 8,248.33, the FBM 70 was 83.301 points lower at 8,301.43 and the FBM ACE Index slipped 9.12 points to 4,332.75.
The Finance Index lost 73.97 points to 10,717.79, the Plantation Index declined 31.64 points to 6,174.85 and the Industrial Index went down 6.07 points to 2,695.61.
Losers outnumbered gainers by 497 to 195 while 192 counters unchanged and 387 untraded.
Total turnover declined to 699.05 million shares worth RM941.42 million from 786.98 million shares valued at RM1.18 billion last Friday.
Among actives, Green Packet Bhd-warrants edged up 8 sen to 51 sen, Metronic Global shed half-a-sen to 9.5 sen while GHL Systems added 9.5 sen to 44 sen.
Among the heavyweights, Sime Darby eased 2 sen to RM9.05, Maybank declined 3 sen to RM6.92, CIMB Group declined 12 sen to RM12.62, while Tenaga added 2 sen to RM8.48.
Meanwhile, FBM KLCI futures closed slightly lower as they tracked the weaker cash market, dealers said.
Spot month October and March 2010 declined 4.5 points each to 1,261 and 1,262 respectively while November and December eased 4 points each to 1,262 each respectively.
Turnover dropped to 3,158 lots from 4,594 last Friday while open interest eased to 17,207 contracts from 17,317 previously. - Bernama
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;
music
Create a playlist at MixPod.com
