Published: 2009/12/04
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Malaysian shares closed down 0.17 per cent today as pre-weekend profit-taking narrowed gains in blue-chips and government-linked stocks, dealers said.
The Kuala Lumpur Composite Index lost 2.15 points to 1,270.20. Losers outnumbered gainers 332 to 269.
“The market was off slightly on profit-taking ahead of the weekend but the fall was very benign in view of the Dow’s decline overnight and weakness in some Asian markets,” Maybank Investment Bank’s technical analyst Lee Cheng Hooi said.
“This could be due to lack of foreign (investor) participation,” he added.
On Wall Street overnight, the Dow Jones Industrial Average fell 86.53 points (0.83 per cent) to finish at 10,366.15.
Among losers, builder Gamuda shed 2.20 per cent to RM2.70 and leading bank Maybank was down 0.90 per cent to RM6.83.
On the upside, gaming group Genting added 1.0 per cent to RM7.30 and builder IJM gained 2.0 per cent to RM4.60.
-- 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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