KUALA LUMPUR, 10/1/2007 -- Share prices closed lower on
profit-taking in line with the steep fall across the region.
The Kuala Lumpur Composite Index (KLCI) was down 5.77 points or 0.52 pct at
1,113.19.
Losers outnumbered gainers 633 to 250 with 265 stocks unchanged and 169
counters untraded.
Trading volume was 1.0 bln shares valued at 1.77 bln rgt.
"The regional fall, as well as Thai government's move to limit foreign
ownership, had provided investors with an excuse to sell," said a dealer at TA
Securities.
Gaming group Genting led the losers, falling 0.50 rgt or 1.52 pct to 32. 50.
Unit Resorts was unchanged at 14.10.
Among index heavyweights, Maybank fell 0.20 rgt or 1.69 pct to 11.60,
Telekom Malaysia slid 0.20 rgt or 2 pct to 9.80 while Tenaga was steady at 11.
50 rgt.
Telecoms Maxis and Digi finished the day unchanged at 10.30 rgt and 15.50
rgt, respectively, as they rebounded from earlier losses after Communications
Minister Lim Keng Yaik was reported to have said the government plans to
introduce mobile number portability -- a technology which allows mobile phone
users to change their service providers while retaining their numbers -- over
the next six months.
National car maker Proton closed flat at 6.20 rgt, off an intra-day low of
6.10 rgt.
According to local reports, General Motors had approached Proton
shareholders and management regarding plans to acquire a stake in Proton. Proto
later said it is unaware of the reported approach by GM.
Pilecon Engineering gained on news that the company had finally completed
its restructuring and may return to profit in 2007. Pilecon was up 0.015 rgt or
4.55 pct at 0.345.
Banking groups Rashid Hussain Bhd (RHB) and Utama Banking saw active trade
after media reports said Hong Kong-based Primus Pacific Partners has offered to
acquire a stake in RHB. RHB ended the day up 0.06 rgt or 3.97 pct at 1.57 and
Utama gained 0.06 rgt or 4.03 pct to 1.55.

For tomorrow...market may continued to correction...

For CPO Market...correction toward 1800 levels...