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Monday, March 10, 2008

BURSA MALAYSIA HALTS TRADING

Stocks came under heavy selling pressure in early trade on Monday, with the KLCI falling to multi-months low of 1,202 as investors reacted to the news of the general election and also the sharp fall on Wall Street last Friday.


The negative trend is believed to be continued as the negative factors would be emerged further as the feel good factor is deteriorating unless new measures being introduced.


Bursa Malaysia halted trading at 2.58pm after the Kuala Lumpur Composite Index (KLCI) fell 10%, which is the maximum limit.

Trading will resume at 3.58pm.


The KLCI fell 130.01 points to 1,166.32, the biggest one-day percentage loss in recent years.

Turnover was 913 million shares valued at RM2.47bil. Losers hammered gainers 887 to 19.


Sime Darby fell RM1.90 to RM9.10, KPS lost RM1.74 to RM1.68, DiGi RM1.70 to RM21.30 while BCHB fell RM1.65 to RM8.55.


Other losers were IJM, down RM1.45 to RM5.50, Puncak RM1.36 to RM3.16, Tenaga RM1.25 to RM7.40 and Bursa RM1.05 to RMN8.90.

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