MALAYSIAN shares closed down 0.1 per cent today on profit-taking that reversed recent gains, dealers said.
The Kuala Lumpur Composite Index lost 0.6 points to close at 1,075.24 on a volume of 1.29 billion shares worth RM1.36 billion.
There were 232 gainers, 371 losers and 231 trading unchanged.
“Profit-taking toward the close of the first half of the year (after window-dressing by local funds) is not entirely a surprise,” a dealer told Dow Jones Newswires.
“Investors were also disappointed with the extent of the liberalisation offered by the government to attract foreign investment.
More was expected, particularly in the finance sector,” the dealer added.
Malaysian Prime Minister Datuk Seri Najib Razak today announced measures to liberalise the economy as it heads into recession, winding back a decades-old policy of positive discrimination for Muslim Malays.
Among decliners, UEM Land slid 4.9 per cent to RM1.56 as Sime Darby fell 1.4 per cent to RM6.95.
On the upside, Maybank rose 0.9 per cent to RM5.90 while Parkson climbed 2 per cent to RM5.10. - AFP
The Kuala Lumpur Composite Index lost 0.6 points to close at 1,075.24 on a volume of 1.29 billion shares worth RM1.36 billion.
There were 232 gainers, 371 losers and 231 trading unchanged.
“Profit-taking toward the close of the first half of the year (after window-dressing by local funds) is not entirely a surprise,” a dealer told Dow Jones Newswires.
“Investors were also disappointed with the extent of the liberalisation offered by the government to attract foreign investment.
More was expected, particularly in the finance sector,” the dealer added.
Malaysian Prime Minister Datuk Seri Najib Razak today announced measures to liberalise the economy as it heads into recession, winding back a decades-old policy of positive discrimination for Muslim Malays.
Among decliners, UEM Land slid 4.9 per cent to RM1.56 as Sime Darby fell 1.4 per cent to RM6.95.
On the upside, Maybank rose 0.9 per cent to RM5.90 while Parkson climbed 2 per cent to RM5.10. - AFP
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