KL shares slightly up on Monday

KL shares slightly up on Monday
Published: 2011/02/28

Share prices on Bursa Malaysia reversed its early losses in the midafternoon session, with the key FTSE Bursa Malaysia KLCI increasing 1.98 points to 1,491.25.

It had opened 4.13 points higher at 1,493.40 and had move to an intra-morning low of 1.474.38.

However, sentiments on the broader market remained weak.
Dealers said the market was able to rebound as investors bought into selected heavyweights including MISC, DiGi, Petronas Dagangan and Telekom Malaysia.

Telekom's shares advanced 14 sen to RM3.99 after the company said it planned a capital distribution to shareholders of about RM1.04 billion or 29 sen a share.

Market breath was negative with 228 gainers, 626 losers and 223 counters unchanged. A total of 1163.356 million shares worth RM2.04 billion were traded.

Among active counters, Tanco Holdings declined one and half sen to 38.5 sen, while Ho Wah Genting and Jotech were also down at 64.5 sen and 14 sen, respectively.

For heavyweights, Maybank also lost two sens to RM8.62, while CIMB fell one sen to RM8.06 and Sime Darby erased three sen to RM8.96.