KL shares lower at midmorning

Share prices on Bursa Malaysia remained lower at midmorning today as investors took cue from the downtrend on Wall Street last Friday, dealers said.

At 11.00am, the FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) rose 0.010 of a point to 1,346.39, after opening 2.14 points lower at 1,344.24.

A dealer said retail investors stayed on the sidelines and there was also some foreign selling in the market.

However, he said, the local market is likely to remain resilient, led by an anticipated good first quarter earnings season and a further short term strengthening of the ringgit would boost the market further.



The Finance Index lost 1.271 points to 12,090.52 while the Industrial Index increased 2.69 points to 2,779.36 and the Plantation Index was 12.8 points higher at 6,460.89.

The FBM Emas Index declined 4.46 points to 9,100.79, the FBM70 eased 13.86 points to 9,003.92 and the FBM ACE slid 13.31 points to 4,155.54.

Decliners outpaced advancers by 273 to 156 while 201 counters were unchanged, 740 untraded and 26 others suspended.

Turnover stood at 232.4 million shares worth RM214.1 million.

Among the actives, Talam Corp and Damansara Realty rose half sen to 14.5 sen and 78.5 sen respectively and Tejari Technologies increased 6.5 sen to 30.5 sen.

For the heavyweights, Maybank fell one sen to RM7.65, Sime Darby rose one sen to RM8.79, CIMB increased two sen to RM14.20 and Tenaga declined five sen to RM8.45. -- Bernama