Sharply lower.

The FBM KLCI plunged 32.08 pts to close at 1,503.99 on extended losses in finance counters and blue chips. Dayang has been awarded a contract by Petronas Carigali SB to provide topside structural maintenance services for about RM802m, the major shareholders of MTD Capital Bhd have revised their offer price higher from RM9.50 to RM11.00 cash per share to take over the company while Integrax Bhd is selling its entire 70.31% stake in its Indonesian subsidiary, PT Indoexchange Tbk to Equatorex SB, for RM9.38m. According to the Malaysian Palm Oil Board, Malaysian CPO production fell 14.18% m-o-m to 1.057m tonnes in January while Malaysia’s industrial production index rose 4.2% y-o-y in December 2010. Finally, the US markets closed mixed while crude oil price was marginally unchanged, up only by USD0.02 to USD86.73/barrel.