Money
KL shares stay lower mid-afternoon
A Malaysian trader talks on a phone in front of a digital share prices board showing the Malaysian Index in Kuala Lumpur on June 18, 2012. u00e2u20acu201d AFP pic

KUALA LUMPUR, Sept 23 — Share prices on Bursa Malaysia remained lower mid-afternoon weighed down by selected heavyweights.    

At 3pm, the FTSE Bursa Malaysia KLCI was 5.81 points easier at 1,796.02.

The weak performance on Bursa Malaysia was also in tandem with most regional markets, on the back of soft leads from Wall Street last Friday.

Singapore’s Straits Times Index declined 0.69 per cent to 3,215.07, Hong Kong’s Hang Seng Index slipped 0.70 per cent to 23,337.01 and Indonesia’s Jakarta Composite Index lost 1.02 per cent lower to 4,537.06.

Of heavyweights, Maybank eased eight sen to RM10.22, CIMB shed 10 sen to RM7.98, Sime Darby fell one sen to RM9.51 while Axiata was flat at RM6.91.

Among top losers were Hong Leong Capital, which trimmed 40 sen to RM6.05, Malpac Holdings slipped 19 sen to RM1.61 and UMW Holdings was 18 sen lower at RM12.72. 

On the scoreboard, the Finance Index decreased 98.4 points to 16,931.87, the Industrial Index fell 2.56 points to 3,046.71 but the Plantation Index increased 5.97 points to 8,339.87.

The FBM Emas Index shed 37.25 points to 12,457.17, FBM100 Index erased 34.79 points to 12,198.89, FBM 70 reduced 20.85 points to 14,102.43 but the FBM Ace garnered 47.24 points to 5,407.19.   

Decliners led advancers 380 to 267 with 298 counters unchanged, 644 untraded and 27 others were suspended.

Trading stood at 1.385 billion shares worth RM896.50 million.   

Among actives, The Media Shoppe rose four sen to 16.5 sen, both Hovid and NTPM Holdings increased two sen each to 30 sen and 64 sen, respectively, while Luster Industries and China Stationery were flat at 10 sen and 20 sen respectively. — Bernama

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