Share prices on Bursa Malaysia ended mixed yesterday with investor interest confined to selective sectors and stocks, dealers said.
The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 3.6 points, or 0.23 per cent, to 1,558.17. It opened 0.18 point firmer at 1,561.95 and hovered between 1,557.26 and 1,565 in choppy trade.
Investors focused on selected blue chips such as Axiata, which gained 1 sen to RM5.14, Telekom added 8 sen to RM4.07, KLK rose 6 sen to RM21.74 and Kulim increased 17 sen to RM3.74.
Dealers said the market was concerned over progress in the plan to lift the US debt ceiling that has triggered a broad sell-off in risky assets worldwide.
Investors also took the cue from the negative US equity indexes which slipped between 0.1 per cent and 0.7 per cent on the back of news that there was still no breakthrough in the federal debt limit standoff.
The Finance Index fell 32.31 points to 14,744.99 and the Industrial Index lost 12.18 points to 2,859.67. The Plantation Index, however, rose 29.48 points to 7,749.79.
The FBM Emas Index decreased 3.8 points to 10,736.01, FBMT100 declined 5.13 points to 10,736.01 and the FBM ACE Index fell 5.78 points to 4,139.71.
Market breadth was positive with advancers leading decliners by 383 to 320 while 343 counters closed unchanged and 449 others untraded.
Actively-traded ICT services provider Prestariang, which debuted on the Main Market, closed at 74 sen, down 16 sen against its offer price of 90 sen.
Ingenuity Solutions-Wa was flat at 2.5 sen, KNM added 9 sen to RM1.99, Ingenuity Solutions fell half sen to 6.5 sen and Zelan gained 1 sen to 40 sen.
Among heavyweights, Maybank and CIMB fell 1 sen each to RM8.84 and RM8.39 respectively, Petronas Chemicals declined 9 sen to RM6.92 and Sime Darby decreased 2 sen to RM9.18.
Among top gainers, Sarawak Consolidated gained 30 sen to 65 sen, Petronas Gas and United Plantations rose 20 sen each to RM13.38 and RM20.20 respectively, SIG Gases added 17.5 sen to 99 sen and BIG Industries increased 17 sen to 39 sen.
Meanwhile, the FBM KLCI futures contracts on Bursa Malaysia Derivatives closed lower yesterday amid lack of buying interest, dealers said.
July 2011 and September 2011 declined 7 points each to settle at 1,552 and 1,552 respectively, while August 2011 fell 7.5 points to 1,551 and December 2011 decreased 5 points to 1,554. - Bernama
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