Malaysian shares slip

Malaysian shares closed down 0.6 percent on Friday on weak sentiment following poor US economic data overnight, dealers said. The Kuala Lumpur Composite Index fell 6.02 points to close at 1,072.69 with a volume of 1.1 billion shares worth 983.87 million ringgit (279.23 million dollars). There were 284 gainers, 280 losers and 207 traded unchanged.
"The market was under pressure today for most of the day following the release of poor economic data in the US overnight and selling momentum was fairly weak," a dealer told Dow Jones Newswires. Among decliners, IJM Corp slipped 8.6 percent to 5.30 ringgit as SP Setia lost 2.5 percent to close at 3.90 ringgit. On the upside, UEM Land rose 5.8 percent to 1.46 ringgit.