KUALA LUMPUR, Nov 21 — Share prices on Bursa Malaysia were lower in early trading today on lack of buying, reflecting the sharp fall on the Wall Street overnight amid fears about the impact of economic slowdown, dealers said.
"Today's market direction will largely influence by external factors as the US markets again plunged to its lowest level in 11 years and weaker commodity prices," one of the dealers said.
At 9.30am, the benchmark Kuala Lumpur Composite Index fell 10.15 points to 855.17 with finance and plantation-related stocks continuing to be under selling pressure. The key index had opened 8.43 points lower at 856.89 this morning.
The Industrial Index declined 22.28 points to 2,094.84, the Finance Index dropped 53.31 points to 6,528.52 and the Plantation Index went down 69.48 points to 3,673.70.
The FBMEmas shed 63.77 points to 5,615.96, the FBM30 slipped 67.40 points to 5,548.85, the FBM2BRD was 41.77 points lower at 4,282.57 and the FBMMesdaq Index fell 9.74 points to 3,352.17.
Losers led gainers by 206 to 32 while 72 counters were unchanged, 1,013 still untraded and 37 others suspended.
Volume stood at 60.041 million shares worth RM50.347 million. — Bernama
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