KL shares lower at close

Business Times

KUALA LUMPUR: Shares prices on Bursa Malaysia ended lower today on lack of buying momentum.

The FTSE Bursa Malaysia KLCI (FBM KLCI) finished 5.42 points lower at 1,807.59 after opening at 1,808.25.

It moved between 1,801.31 and 1,809.8 throughout the day.

Overall, losers thumped gainers by 541 to 278, while 305 were unchanged, 436 untraded and 22 others suspended.

Volume fell to 1.557 billion shares valued at RM1.732 billion from 1.711 billion shared valued at RM2.184 billion last Thursday.

Dealers said the weaker performance of the local stock market was also in tandem with its regional peers.

Japan's Nikkei 225 shed 0.59 per cent to 15,641.68, Hong Kong's Hang Seng eased 0.88 per cent to 22,928.95 and Singapore's Straits Times fell 0.46 per cent to 3,132.84.

Minister of International Trade and Industry, Datuk Seri Mustapa Mohamed, today announced the National Automotive Policy 2014.

Among the automotive counters, DRB-Hicom Bhd, added two sen to RM2.77, MBM Resources Bhd rose three sen to RM3.41 and UMW Holdings Bhd lost 18 sen to RM11.58.

In heavyweights, Maybank rose increased one sen to RM9.81 while Axiata, Sime Darby and Maxis were flat at RM6.64, RM9.12 and RM7 respectively.

TNB fell six sen to RM11.40, CIMB shed two sen to RM7.09 and Petronas Chemicals slid four sen to RM6.63.

Among volume leaders, Kretam Holdings inched up a sen to 67 sen, Talam Transform was flat at 6.5 sen, Bio Osmo fell three sen to 17.5 sen while Iris Corp and PDZ Holdings each edged down half-a-sen to 43 sen and 12.5 sen respectively.

On the scoreboard, the Finance Index slipped 41.63 points to 16,622.14 and the Plantation Index shed 3.45 points to 8,480.02. The Industrial Index, however, was 1.83 points higher at 3,066.6.

The FBM Emas Index depreciated 38.56 points to 12,509.18, FBMT100 Index declined 35.53 points to 12,216.23, FBM Ace reduced 49.27 points to 5,982.77 and the FBM 70 was down 35.9 points to 13,870.26. -- Bernama