AGL 38.20 Increased By ▲ 0.05 (0.13%)
AIRLINK 129.30 Increased By ▲ 4.23 (3.38%)
BOP 7.85 Increased By ▲ 1.00 (14.6%)
CNERGY 4.66 Increased By ▲ 0.21 (4.72%)
DCL 8.35 Increased By ▲ 0.44 (5.56%)
DFML 38.86 Increased By ▲ 1.52 (4.07%)
DGKC 82.20 Increased By ▲ 4.43 (5.7%)
FCCL 33.64 Increased By ▲ 3.06 (10.01%)
FFBL 75.75 Increased By ▲ 6.89 (10.01%)
FFL 12.83 Increased By ▲ 0.97 (8.18%)
HUBC 110.72 Increased By ▲ 6.22 (5.95%)
HUMNL 14.03 Increased By ▲ 0.54 (4%)
KEL 5.22 Increased By ▲ 0.57 (12.26%)
KOSM 7.69 Increased By ▲ 0.52 (7.25%)
MLCF 40.08 Increased By ▲ 3.64 (9.99%)
NBP 72.51 Increased By ▲ 6.59 (10%)
OGDC 189.18 Increased By ▲ 9.65 (5.38%)
PAEL 25.74 Increased By ▲ 1.31 (5.36%)
PIBTL 7.38 Increased By ▲ 0.23 (3.22%)
PPL 153.45 Increased By ▲ 9.75 (6.78%)
PRL 25.52 Increased By ▲ 1.20 (4.93%)
PTC 17.92 Increased By ▲ 1.52 (9.27%)
SEARL 82.50 Increased By ▲ 3.93 (5%)
TELE 7.63 Increased By ▲ 0.41 (5.68%)
TOMCL 32.50 Increased By ▲ 0.53 (1.66%)
TPLP 8.48 Increased By ▲ 0.35 (4.31%)
TREET 16.74 Increased By ▲ 0.61 (3.78%)
TRG 56.01 Increased By ▲ 1.35 (2.47%)
UNITY 28.85 Increased By ▲ 1.35 (4.91%)
WTL 1.34 Increased By ▲ 0.05 (3.88%)
BR100 10,659 Increased By 569.2 (5.64%)
BR30 31,331 Increased By 1822.5 (6.18%)
KSE100 99,269 Increased By 4695.1 (4.96%)
KSE30 31,032 Increased By 1587.6 (5.39%)

Malaysian share prices closed 0.88 percent lower on Friday in line with the weaker regional markets after Wall Street fell sharply overnight, dealers said. They said sentiment was also undermined by the ringgit, which weakened on foreign investors unwinding their positions.
The Kuala Lumpur Composite Index was down 12.02 points at 1,352.39, off an intraday high of 1,359.18. It traded to a low of 1,351.38. Trading volume was 1.09 billion shares, valued at 1.80 billion ringgit, while losers led gainers 510 to 360 and 244 stocks were unchanged.
At the close, the ringgit was quoted at 3.4680/4730 against the dollar. TA Securities' chief investment officer Chow Swee Kee said the weak local performance was due to sustained falls on Wall Street, although the drop of "over a hundred points is not very alarming".
He said local investors are likely to have used the declines in the US and ensuing losses in the region as an excuse to take profits. "Wall Street's fall by nearly 200 points is not alarming. It's normal," he added. He also said the weakening of the ringgit was in tandem with the strength of the US dollar against other currencies.
Index heavyweights closed mostly lower, though Telekom Malaysia was unchanged at 10.20 ringgit. Tenaga lost 0.30 ringgit to 11.40 and Maybank fell 0.20 to 11.90. Proton was down 0.10 ringgit at 6.35 as investors took profits after a strong performance Thursday amid speculation that the ailing carmaker is close to a tie-up with Germany's Volkswagen AG.

Copyright Agence France-Presse, 2007

Comments

Comments are closed.