MARKET COMMENT: Malaysian Shares End Down 0.1%; 1644 Support Tipped
29 Marzo 2013 - 10:57AM
Dow Jones News
0926 GMT [Dow Jones] Malaysian shares end down 0.1% at 1671.63
as investors book profits after four consecutive days of gains.
Persistent concerns about Malaysia's general election may weigh on
sentiment next week, an analyst at a local bank says. Near-term
support is tipped at 1644. Market breadth ends neutral with 334
gainers vs 323 losers with a total volume of 599.8 million shares.
Among gainers, IHH Healthcare Bhd (5225.KU) ends up 1.6% at
MYR3.74, UEM Land Holdings Bhd (5148.KU) rises 1.5% to MYR2.73 and
Kuala Lumpur Kepong Bhd (2445.KU) edges up 0.9% to MYR20.92. Among
losers, RHB Capital Bhd (1066.KU) ends down 2.1% at MYR8.45, Astro
Malaysia Holdings Bhd (6399.KU) falls 2.1% to MYR2.82 and Petronas
Dagangan Bhd (5681.KU) eases 1.5% to MYR23.10. The USD/MYR slips in
subdued trade to 3.0892 from 3.0960 late Thursday in Asia on export
settlements, a local trader says. (shie-lynn.lim@dowjones.com)
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