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STOCKS - KUALA LUMPUR SHARES OPEN LOWER - JAN 2, 2001.
KUALA LUMPUR, Jan 2 Asia Pulse - Kuala Lumpur share prices opened lower on extended losses by major market players on the first trading day in 2001 after a late selldown last Tuesday.
Banking shares were among the noticeable target for sellers in view of the failure of some banks to meet Bank Negara Malaysia's Dec 31, 2000 merger deadline.
At 9.28 a.m., the Kuala Lumpur Stock Exchange Composite Index fell 7.59 points to 672.05, the Emas Index lost 1.42 points to 158.35 and the Second Board Index eased 0.09 of a point to 132.89.
The Finance Index dropped 5.53 points to 5,065.0 and the Industrial Index shed 13.67 points to 1,203.6.
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