KUALA LUMPUR, Sept 18 (Bernama) -- Share prices on Bursa Malaysia ended broadly lower today with the key index tumbling 1.13 percent amid a global sell-off sparked by concerns over further United States credit crunch and domestic political uncertainties, dealers said.
Overall sentiment was relatively weak as foreign investors continued to wind down position in selected heavyweights, dragging the benchmark Kuala Lumpur Composite Index (KLCI) by 39.70 percent or 3.96 percent, to a low of 963.29 this morning.
However, late bargain hunting by local institutional funds on industrial, technology and plantation counters helped to erode some of the earlier losses and lifted the KLCI to close 11.33 points lower at 991.66, the lowest since June 2005.
It had opened 9.78 points lower at 993.46.
The Industrial Index fell 7.09 points to 2,154.51 and the Finance Index shed 157.44 points to 8,002.27 but the Plantation Index advanced 28.82 points to 4,695.44.
Meanwhile, the FBMEmas was down 54.79 points to 6,593.96, the FBM30 slipped 41.22 points to 6,382.39, the FBM-MDQ fell 84.99 points to 3,924.44 and the FBM2BRD declined 108.03 points to 4,882.16.
Decliners led advancers by 497 to 164 while 217 counters were unchanged, 468 untraded and 23 others suspended.
Overall volume was higher at 562.548 million shares worth RM1.349 billion compared with 367.159 million shares worth RM802.672 million on Wednesday.
http://www.bernama.com/bernama/v5/newsmarket.php?id=359975
Overall sentiment was relatively weak as foreign investors continued to wind down position in selected heavyweights, dragging the benchmark Kuala Lumpur Composite Index (KLCI) by 39.70 percent or 3.96 percent, to a low of 963.29 this morning.
However, late bargain hunting by local institutional funds on industrial, technology and plantation counters helped to erode some of the earlier losses and lifted the KLCI to close 11.33 points lower at 991.66, the lowest since June 2005.
It had opened 9.78 points lower at 993.46.
The Industrial Index fell 7.09 points to 2,154.51 and the Finance Index shed 157.44 points to 8,002.27 but the Plantation Index advanced 28.82 points to 4,695.44.
Meanwhile, the FBMEmas was down 54.79 points to 6,593.96, the FBM30 slipped 41.22 points to 6,382.39, the FBM-MDQ fell 84.99 points to 3,924.44 and the FBM2BRD declined 108.03 points to 4,882.16.
Decliners led advancers by 497 to 164 while 217 counters were unchanged, 468 untraded and 23 others suspended.
Overall volume was higher at 562.548 million shares worth RM1.349 billion compared with 367.159 million shares worth RM802.672 million on Wednesday.
http://www.bernama.com/bernama/v5/newsmarket.php?id=359975
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