Bursa Malaysia closed Friday’s trading day lower as profit-taking dragged the benchmark index lower with Genting, Sime and UMW among the losers.

Asian markets closed higher while European markets gained at open as sentiments rose on more positive economic data from the US, China and India.

At 5pm, the local bourse’s FBM KLCI was 0.37% lower at 1,435.67 while Singapore’s Straits Times Index gained a quarter-percent to 2,993.99.

Tokyo’s Nikkei 225 was 0.57% higher at 9,114.13, Hong Kong’s Hang Seng Index added a half-percent to 20,971.50 and Shanghai’s A share index was flat at 2,655.39.

The broader local market saw relatively thin trading with 394 counters up, 325 down while 291 were unchanged.

There were 922.05 million shares done with a total turnover value of RM1.71 billion.

Genting shed 26 sen to RM9.22, Sime fell 14 sen to RM8.28 and UMW dropped 13 sen to RM6.75.

KNM was half-sen higher at 41.5 sen, Mudajaya jumped 53 sen to RM4.48 and Tan Chong gained 13 sen to RM5.09.

Supermax fell 13 sen to RM4.97 while Genting Plantations added 13 sen to RM7.45.

Nestle was up 12 sen to RM40.60 and Guinness gained 20 sen to RM8.30.

Nymex crude oil was down 30 cents to US$74.72 per barrel.

Crude palm oil for December delivery rose RM28 to RM2,570 per tonne.

The ringgit was quoted at 3.120 to the US dollar.

Posted by Shayne Heffernan on Sep 3rd, 2010and filed underASEAN News, Asia, Latest News, Malaysia, Markets.You can follow any responses to this entry through theRSS 2.0You can leave a response by filling following comment form or trackback to this entry from your site