Tuesday, September 19, 2006

19-09-2006: Lower as retail stocks plunge

The KLCI was mostly flat throughout the morning session, but losses accelerated after the lunch break. The benchmark index ended the day down 2.7 points at 962.8, after trading within a 6.4-point range throughout the day. At the close, declining stocks outweighed advancing ones by a 2-to-1 margin on volume of 519 million shares.

LKT, Lion Forest, QSR, Tenaga and UMW were the day’s top gainers. Apart from the retail stocks previous mentioned, other major losers include Genting and BAT.


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