Malaysian shares end morning sharply lower on profit-taking |
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Fri, 24 Aug 2007 05:58
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KUALA LUMPUR (Thomson Financial) - Malaysian shares ended the morning session sharply lower Friday after a weaker close on Wall Street overnight with local investors offloading shares ahead of the weekend after the two-day rally.Investors were reluctant to hold long-term positions due to lingering concerns over the US subprime issue.The Kuala Lumpur Composite Index (KLCI) was down 16.78 points or 1.3 percent at 1,266.84.The FTSE Bursa Malaysia 30-large cap index lost 108.95 points or 1.3 percent to 8,059.12 and the second board index fell 0.79 point or 0.8 percent to 103.45.Losers led gainers 657 to 137, with 156 stocks unchanged and 387 counters untraded.Trading volume was 510.484 million shares, valued at 779.651 million ringgit.At the close of the morning session, the ringgit was quoted at 3.4885/4935.aipeng.soo@thomson.comas/jgCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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Malaysian shares end morning lower after Wall Street's sharp fall 