KL shares close lower ahead of weekend

KUALA LUMPUR (Jan 27, 2012) : Share prices on Bursa Malaysia closed lower today as investors reduced their holdings in selected finance counters ahead of the weekend, analysts said.

Losses were mostly seen in CIMB and Maybank which dragged the FTSE Bursa Malaysia KLCI 2.96 points lower to end the day at 1,520.90.

The Finance Index fell 75.84 points to 13,420.77, the Industrial Index lost 1.41 points to 2,718.75 but the Plantation Index rose 23.31 points to 8,750.52.

The FBM Emas Index added 3.72 points to 10,578.33, the FBM ACE earned 46.24 points to 4,496.64, the FBM70 Index jumped 87.34 points to 12,149.36 and the FBM
Top 100 Index eased 0.14 of a point to 10,363.52.

Gainers led losers 459 to 370 while 292 counters were unchanged, 353 untraded and 26 others were suspended.

Total turnover rose to 2.278 billion shares, worth RM1.85 billion, from 1.96 billion shares, worth RM1.69 billion, transacted yesterday.- Bernama