FKLI Alert !!!!!!!!! Watch It Closely... Either We Will Bull or BeaR :D 24042012

 

The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) ended 8.05 points lower at 1,583.80 after opening 6.04 points down at 1,585.81.

Vice-president, head of retail research at Affin Investment Bank, Dr Nazri Khan, said external factors such as weak economic data from China and the US, as well as rumours that Fitch Ratings would downgrade Spain and France's sovereign debt ratings added to negative sentiments in the market.

He said the weaker performance of the local bourse was in line with its regional peers.

Of the sectoral indices, the Finance Index shed 38.11 points to 14,190.94, the Industrial Index lost 19.24 points to 2,843.66 and the Plantation Index slid 33.37 points to 8,764.66.

The FBM Emas Index was 53.57 points lower at 10,865.65, the FBM 70 Index fell 33.44 points to 11,962.30 and the FBM ACE Index lost 44.54 points to 4,574.17.

Losers outpaced gainers 581 to 199 while 291 counters were flat, 1,534 untraded and 20 were suspended.

In the meantime, FBM KLCI futures on Bursa Malaysia Derivatives also closed lower.

April 2012 lost 13 points to 1,574.5, May 2012 eased 14 points to 1,575, June 2012 decreased 13.5 points to 1,573.5 and September 2012 shed nine points to 1,569.

Turnover was higher at 8,741 lots from 4,106 lots on Friday while open interest increased to 31,370 contracts from 30,192 contracts recorded previously. Bernama