Share Prices End On Mixed Note

Source: Bernama.Com

KUALA LUMPUR, July 30 (Bernama) -- Share prices on Bursa Malaysia were mixed at close as investors shifted interest from bluechips to the lower liners, dealers said.The bluechips were weaker due to follow through profit taking from yesterday while the lower liners saw some buying interest."I think the CI now is under technical correction and it could hit a bottom of 1,134 before we see a rebound," said SJ Securities's technical analyst Phua Kwee Hock.He said investors will also be looking at US economic data namely the unemployment data and the second quarter gross domestic product growth, which is due for release later Thursday.

"Overall, the market expects the US data to be neutral but we never know," he said, adding that the market was anticipating a contraction in the US GDP but not more than 1.5 percent.

The FTSE Bursa Malaysia Kuala Lumpur Composite Index closed lower by 3.82 points lower today at 1,160.66, after opening 0.73 point lower at 1,163.75.The Finance Index went up 1.899 points to 9,477.6, the Plantation Index fell 24.85 points to 5,598.83 while the Industrial Index eased 25.03 points at 2,537.0.The FBMEmas Index dropped 7.71 points to 7,836.66, the FBM Top 100 decreased 14.08 points to 7,621.58, the FBMMesdaq Index jumped 34.71 points to 4,144.87 and the FBM2BRD Index rose 63.33 points to 5,234.29.Advancers beat decliners by 353 to 240 while 254 counters were unchanged, 385 untraded and 32 others suspended.Leading the actives, KNM Group inched up one sen to 87.5 sen while SAAG Consolidated and Tebrau Teguh added half a sen each to 28.5 sen and 83.0 sen respectively.Newly-listed oil and gas crane services provider and manufacturer, Handal Resources surged 44 sen to RM1.16 at close after making a debut on the second board with a 18-sen premium at 90 sen today.Among heavyweights, Sime Darby slipped 10 sen to RM8.00, Maybank eased five sen to RM6.50, Bumiputra-Commerce rose 10 sen to RM10.30 and Tenaga increased five sen to RM8.15.

The Main Board volume decreased to 615.100 million shares worth RM1.396 billion compared with 1.131 billion shares valued at RM1.913 billion on Wednesday.Turnover on the Second Board increased to 84.188 million shares worth RM62.509 million versus 79.820 million shares worth RM30.525 million previously.The Mesdaq volume however rose to 53.314 million shares worth RM9.964 million from 38.150 million shares valued at RM5.899 million.Warrants went down to 30.089 milion units worth RM4.659 million from 47.188 million units worth RM9.545 million previously.On a sectoral basis, consumer products accounted for 27.581 million shares traded on the Main Board, industrial products 127.243 million, construction 47.422 million, trade/services 203.009 million, technology 14.418 million, infrastructure 22.561 million, finance 57.353 million, hotels 1.026 million, properties 81.365 million, plantations 28.658 million, mining 406,000, REITs 4.002 million and closed/fund 52,100.