October 16, 2009

Selling pressure sends FBM KLCI into red

Written by Joseph Chin
Thursday, 15 October 2009 16:22

KUALA LUMPUR: Profit taking picked up in the afternoon session on Thursday, Oct 15, sending the FBM KLCI into the red, while key regional markets were higher except for Thailand.

At 4.02pm, the FBM KLCI fell 3.65 points to 1,243.19. Turnover was 1.15 billion units valued at RM1.17 billion.

In Thailand, the SET Index fell 47.8 points or 6.53% to 683.67 King Bhumibol Adulyadej remained in the hospital for a 26th day. The baht slumped to a two-week low.

However, key regional markets were higher, riding on the positive Wall Street performance.

At Bursa, Hai-O, which had a strong run-up for several weeks, except for occasional minor selling, fell 14 sen to RM6.87 in thin trade. Genting and NSTP fell 14 sen each to RM7.25 and RM2.37 while United PLANTATION []s and CIMB lost 12 sen each to RM13.58 and RM12.20.

Furniture maker Sern Kou lost 13.5 sen to 47 sen with 62.75 million shares done.

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About Me

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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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