Markets  |  FEBRUARY 20, 2013 11:08AM

Share prices continue losses at closing

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Share prices on Bursa Malaysia continued their losses at closing today for the third consecutive day ahead of the country’s economic growth announcement for 2012 later today, dealers said.

They said most of the investors were reluctant to take a heavy position especially with the absence of fresh leads.

The economic data, together with a string of corporate results which are released today, will likely give some impetus to the local bourse.

As at 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.74 points or0.108 per cent to 1,613.33, dragged down by losses mostly seen in DiGi.

The FBM KLCI, which opened at 1,617.53, hovered between 1,606.73 and 1,617.64 throughout the trading session.

Regionally, some of the bourses were higher with Japan’s Nikkei 225 surging 95.94 points to 11,468.28 while Hong Kong’s Hang Seng advanced 163.50 points to 23,307.41 and Singapore’s Straits Times rose 13.12 points to 3,308.89.

On the local front, the Finance Index increased 34.67 points to 14.825.17, the Plantation Index improved 12.51 points to 7,916.31 while the IndustrialIndex eased 3.77 points to 2,775.16

The FBM Emas Index shed 3.54 points to 10,964.76, the FBMT100 Index declined 2.7 points to 10,819.34, the FBM Ace Index dropped 10.44 points to 3,997.60 while the FBM Mid 70 Index jumped 38.029 points to 11,911.85.

Losers led gainers by 398 to 283 with 299 counters unchanged, 696 untraded and 17 others suspended.

Total volume surged to 1.37 billion shares worth RM1.713 billion from yesterday’s closing of 884.415 million shares valued at RM1.17 billion.

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