KLCI snaps winning streak as investor take profit

  • Business
  • Thursday, 05 Jul 2012

KUALA LUMPUR: Blue chips eased in late morning on Thursday as investors took profit after the recent rally, but the broader market was firm and the selling was thin and confined to bigger capitalised stocks.

At 10.49am, the FBM KLCI was down 4.39 points to 1,609.36. Turnover was 340.25 million shares valued at RM240.04mil. There were 205 gainers, 247 losers and 297 stocks unchanged.

Most of the key regional markets were in the red. Concerns about a worsening economic slump in Europe overshadowed expectations the European Central Bank will cut interest rates later Thursday.

At Bursa Malaysia, BAT fell 26 sen to RM56.06 with 100 shares done. Far East lost 25 sen to RM7.40 and Gold IS 14 sen to RM2.06 while PPB shed 12 sen to RM15.78 and PetGas eight sen to RM17.92.

Felda Global Ventures (FGV) call warrants were in focus on the first trading day. FGV-CC rose three sen to 18 sen with 83.20 million units done while FGV-CG added 7.6 sen to 26 sen. FGV-CA added 12.5 sen to 27.5 sen and FGV-CE 11 sen to 26 sen. The shares were unchanged at RM5.50.

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