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Malaysia Market Watch 19th September 2012

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SHARE prices on Bursa Malaysia closed lower yesterday due to lack of internal and external catalysts to spur demand for local stocks, dealers said.

After seeing a “see-saw” trading, the FTSE Bursa Malaysia KLCI (FBM KLCI) ended 2.62 points, or 0.159 per cent, lower to 1,640.33.

The index hovered between 1,640.33 and 1,651.66 levels.

A dealer said the recent third quantitative easing programme announced last week by the Federal Reserve to boost the United States economy has given only minimal impact to the local bourse.

The Finance Index rose 5.85 points to 14,769.05, Plantation Index lost 41.51 points to 8,425.63 and the Industrial Index gained 5.76 points to 2,824.76.

The FBM Emas Index fell 20.391 points to 11,155.22, FBM Mid 70 Index slipped 34.30 points to 12,082.07, while FBM Ace advanced 10.02 points to 4,363.84.

Losers led gainers by 401 to 345 while 310 counters were unchanged, 565 untraded and 15 others suspended.

Total turnover was down to 843.273 million shares worth RM1.875 billion from 1.07 billion shares valued at RM2.07 billion last Friday.

Among active counters, AirAsia lost 13 sen to RM2.97, Maybank added six sen to RM9.46 and Astral Supreme rose four sen to 35.5 sen. Heavyweights Sime Darby and CIMB lost one sen each to RM9.79 and RM7.68.

Meanwhile, futures contracts on Bursa Malaysia Derivatives closed lower yesterday in tandem with mild movements on the cash market, dealers said.

September 2012 and December 2012 lost 5.5 points each to 1,633.0 and 1,631.0, respectively, October 2012 fell six points to 1,633.5 and March shed 1.5 points to 1,630.0. Bernama -BTimes