[Malaysia Daily] BURSA MALAYSIA: KL Shares End Almost Flat

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Muhammad

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Oct 25, 2005, 11:47:00 AM10/25/05
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KUALA LUMPUR -- KL shares ended the day almost flat with most key heavyweights remaining at their overnight prices, said dealers.

However, they said that interest centered on finance stocks led by Maybank and Public Bank amid global concerns over slower global economic growth.

At the close, the benchmark Composite Index (CI) rose 0.05 of a point to 904.75. It opened 1.34 points higher at 906.04, Tuesday morning.

The Emas Index shed 0.18 of a point to 205.47 and the Industrial Index eased 5.70 points to 1,989.66.

The Second Board Index fell 0.29 of a point to 83.60 while the Finance Index rose 36.99 points to 7,292.03.

Losers beat gainers 431 to 241 while 326 counters were unchanged, 327 counters untraded and 38 others suspended.

Today's turnover reduced to 323.531 million shares worth RM628.932 million from Monday's volume of 343.360 million shares worth RM769.777 million.

Turnover on the Main Board slipped to 242.255 million shares valued at RM587.120 million from 279.413 million shares valued at RM735.021 million.

The Second Board volume increased to 25.749 million shares worth RM16.223 million as against 23.464 million shares valued at RM14.714 million.

Volume on the Mesdaq rose to 54.098 million shares worth RM24.116 million versus 38.909 million shares valued at RM18.658 million previously.

Call warrants' turnover reduced to 1.428 million shares worth RM1.472 million from 1.573 million shares valued at RM1.382 million.

Direct business deals increased to 47.735 million shares worth RM59.657 million from 40.160 million shares worth RM45.236 million previously.

Topping the active list was Mesdaq Market debutante, MNC Wireless Bhd which shed 3.5 sen to 28.5 sen with 194,181 lots changing hands.

The company, which offers mobile technology consultancy services, saw its shares opened at a premium of eight sen from its initial price of 32 sen to 40 sen with 6,045 lots done.

Others, AirAsia went up five sen to RM1.56 after announcing it has completed a fuel-hedge transaction covering its operations in the second half of its 2006 financial year.

Naim Indah shed half a sen to 19 sen and PLUS Expressways was flat at RM3.06.

Asian Pac Holding-Warrants shed 1.5 sen to 1.5 sen after the property company said the Securities Commission had rejected its planned five-year warrant extension.

Finance stock Maybank rose 20 sen to RM11.50 and Public Bank added five sen to RM6.50.

Other heavyweights, MISC and Telekom Malaysia were flat at RM9.50 and RM9.95, respectively.

Tenaga Nasional which reported a commendable result for financial year ended Aug 31, 2005 was also unchanged at RM10.30.

It reported an increased pre-tax profit of RM1.818 billion for the financial year as compared to last year's RM1.482 billion.

Its revenue also increased to RM18.977 billion from RM17.712 billion.

On a sectoral basis, consumer products accounted for 8.460 million shares traded on the Main Board, industrial products 25.748 million, construction 10.663 million, trade/services 70.343 million, technology 4.988 million, infrastructure 6.086 million, finance 43.974 million, hotels 4.189 million, properties 24.735 million, plantations 7.616 million, mining 400, REITS 133,200, closed/fund 1.265 million, ETF nil and loans 34.049 million.

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Posted by Muhammad to Malaysia Daily at 10/25/2005 08:42:00 AM
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