Share prices stay in negative territory mid-morning

By BERNAMA

Share prices on Bursa Malaysia stayed in negative territory prompted by continued selling of heavyweights, dealers said.

As at 11.15am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) declined 0.94 of a point to 1,782.94, after opening 6.32 points easier at 1,777.56.

Comments by US Federal Reserve chairman Ben Bernanke that policy makers may  scale down bond purchase programmes caused jitters in global equity markets.

The Finance Index, however, increased 6.41 points to 16,916.50, the Plantation Index slipped 43.899 points to 8,301.23 and the Industrial Index shed 13.23 points to 2,994.37.

The FBM Emas Index declined 14.82 points to 12,404.77, the FBMT100 fell 9.72 points to 12,172.29, the FBM Mid bursa-malaysia-mid-morning70 Index decreased 24.62  points to 14,326.16 while the FBM Ace Index slipped 33.17 points to 4,746.88.

Losers led gainers 413 to 210, with 269 counters unchanged, 704 untraded and 22 suspended.

Turnover stood at 656.7 million shares worth RM662.1 million.

Among actives, Luster Industries unchanged at 18.5 sen, Hubline flat was flat at 6.5 sen, TH Heavy Engineering slipped one sen to 78 sen and Luster Industries Warrant was unchanged at 12 sen.

Heavyweights, Maybank rose eight sen to RM10.16, CIMB Group slipped one sen to RM8.61, Axiata Group and Sime Darby decreased one sen each to RM6.95 and RM9.47, respectively.

— BERNAMA