BURSA MALAYSIA: KL Shares Open Lower

KUALA LUMPUR, June 19 — Share prices on Bursa Malaysia opened lower Thursday with sentiment weighed down by extended losses on Wall Street overnight and renewed concerns over political developments in the country, dealers said.

In the first 15 minutes of trading, the benchmark Kuala Lumpur Composite Index (KLCI) fell 12.93 points to 1,199.66. It opened 5.41 points lower at 1,207.18.

The Industrial Index declined 10.08 points to 2,572.05, the Finance Index dropped 112.72 points to 8,890.11 and the Plantation Index was 122.76 points lower at 7,874.84.

Of the FTSE-BM Index series, the FBMEmas was 85.18 points lower at 8,004.39 and the FBM30 fell 91.04 points to 7,745.60.

Others included the FBM2BRD lost 17.35 points to 5,578.78 and the FBM-MDQ declined 46.10 points to 4,466.62.

Losers led gainers by 203 to 23, while 64 counters were unchanged, 1,120 untraded and 33 suspended.

Trading volume was lacklustre with 28.036 million shares worth RM45.238 million transacted.

A dealer said the announcement by the small party within the ruling Barisan Nasional coalition, Sabah Progressive Party (SAPP) Wednesday to table a no-confidence motion against Prime Minister Datuk Seri Ahmad Badawi dampened the market sentiment.

Among actives, Bursa-CJ shed half sen to one sen, EXMOBIL-C1 was flat at two sen, Genting increased 15 sen to RM5.45 and KNM-CA was one sen lower at 7.5 sen.

Of heavyweights, Sime and Public Bank both declined 10 sen to RM9.15 and RM10.40 respectively, while IOI Corp, Tenaga and Maybank shed five sen each to RM7.40, RM8 and RM7.10 respectively.



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