KL shares close mixed, CI falls 4.07 points

January 7, 2014

Stock prices on Bursa Malaysia closed mixed today in sync with regional markets following losses on Wall Street overnight,

dealers said.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 4.07 points to 1,825.11 after opening 3.51 points higher at 1,832.69.

The benchmark FBM KLCI hovered between 1,822.99 and 1,832.69.

However, market breadth was positive with gainers leading losers 434 to 382, while 295 counters were unchanged, 435 untraded and 21 others suspended.

Volume declined to 1.74 billion shares valued at RM1.88 billion, from 1.96 billion shares worth RM1.84 billion yesterday.

The key US indices lost between 0.3 per cent and 0.5 per cent at the closing bell as investors took profit following the recent market run-up.

Dealers said investor sentiment turned bearish following weak services sector data in China and revived concerns about US slow growth.

They were also cautious prior to the release of the US' Dec 13 Federal Open Market Committee meeting minutes and the non-farm payrolls reports.

Back home, the local market saw trading interest in low liners continue to pick up significantly, Mercury Securities Head of Research Edmund Tham said.

He said post window dressing profit taking was over while daily trading volume had returned to normal.

"The market will be influenced by external factors for direction," he told Bernama.

On the scoreboard, the Finance Index rose 39.74 points to 16,810.64, the Plantation Index dropped 82.03 points to 8,688.63 and the Industrial Index was 18.8 points lower at 3,085.

The FBM Emas Index fell 22.979 points to 12,644.98, the FBMT100 Index went down 28.021 points to 12,353.93, the FBM Ace improved 27.64 points to 5,812.84 and the FBM 70 dipped 33.79 points to 14,103.11.

Among actives, Ingenuity Consolidated and Hubline were flat at nine sen and 6.5 sen respectively while Sumatec dropped half a sen to 29.5 sen.

As for heavyweights, Maybank gained three sen to RM9.96, Tenaga was flat at RM11.12 and Axiata shed two sen to RM6.78.

Top gainer IQ Group gained 30 sen to RM1.31.

However, the stock exchange has issued an unusual market activity to the company after its share price hit limit-up in the afternoon session.

At 3.36pm, the stock was up 30 sen to RM1.31 with 1.62 million shares traded.

Meanwhile, volume on the Main Market decreased to 1.25 billion shares valued at RM1.77 billion, from yesterday's 1.46 billion shares worth RM1.73 billion.

Turnover on the ACE market rose to 444.75 million shares valued at RM101.39 million, from 438.04 million shares worth RM93.77 million on Monday.

Warrants amounted to 37.2 million shares worth RM4.73 million, down from the previous session's 53.7 million shares valued at RM6.44 million.

Meanwhile, consumer products accounted for 153.85 million shares on the Main Market, industrial products 181.31 million, construction 109.96 million, trade and services 452.42 million, technology 60.51 million, infrastructure 12.78 million, SPAC 27.86 million, finance 53.29 million, hotels 1.57 million,

properties 174.22 million, plantations 21.35 million, mining 19,000, REITs 6.41 million and closed/fund 46,000.-- Bernama