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KL shares close easier

KUALA LUMPUR: Shares on Bursa Malaysia gave up its earlier gains to close easier today, with losses seen in selected key heavyweights and small capitalised stocks, dealers said.

At close, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.03 of a point lower at 1,846.31 on selling pressure after opening 1.78 points lower at 1,844.56.

The FBM KLCI hovered between 1,842.35 and 1,854.21 throughout the day.

Dealers said the market moved in line with regional peers as Wall Street staged an overnight decline amid unrest in Hong Kong.

"Most investors are worried the unrest could further weigh down China's slowing economy," a dealer said.

Market breadth was negative as losers led gainers by 455 to 354 with 333 counters unchanged, 481 untraded and 32 others suspended.

Total volume rose to 2.73 billion shares worth RM2.54 billion from 2.6 billion shares valued at RM1.88 billion yesterday.

On the scoreboard, the Finance Index fell 35.201 points to 17,299.35, Plantation Index slipped 36.439 points to 8,361.36 and the Industrial Index dropped 9.63 points to 3,199.95.

The FBM Emas Index went down 3.15 points to 12,924.67 and the FBMT100 Index decreased 2.819 points to 12,505.44.

The FBM Ace slipped 11.1 points to 7,278.94 and the FBM 70 dropped 13.069 points to 14,301.49.

Among actives, Malayan United Industries was flat at 32.5 sen, Asia Bioenergy Tech fell one sen to 18 sen and Berjaya Corp declined two sen to 56.5 sen.

Of the heavyweights, Maybank rose seven sen to RM9.96, Public Bank was flat at RM18.90 and Tenaga Nasional gained 10 sen to RM12.38.

Among losers, Kuala Lumpur Kepong fell 42 sen to RM21.08, Goh Ban Huat decreased 40 sen to RM1.85 and MISC slipped 17 sen to RM6.75.

Main Market volume increased to two billion units worth RM2.4 billion from 1.91 billion units valued at RM1.75 billion yesterday.

Turnover on the ACE Market rose to 686.74 million shares worth RM133.59 million from 627.9 million shares valued at RM121.46 million.

Warrants slipped to 40.33 million units worth RM4.88 million from 55.64 million units valued at RM6.57 million.

Consumer products accounted for 178 million shares traded on the Main Market, industrial products (210.61 million), construction (53.3 million), trade and services (1.1 billion), technology (87.81 million), infrastructure (15.97 million), SPAC (13.5 million), finance (46.91 million), hotels (65.35 million), properties (157.67 million), plantations (52.1 million), mining (244,500), REITs (10.4 million), and closed/fund (30,800).-- Bernama

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