Bursa snaps two-day losing streak, KLCI up 0.5%


KUALA LUMPUR: The FBM KLCI snapped its losing streak to shut increased on Friday amid broad-based shopping for forward of the prolonged weekend break.

At 5pm, the benchmark index ended 7.1 factors, or 0.5% increased at 1,425.79. On a weekly foundation, the index misplaced 1.65%, or 23.95 factors.

There had been 445 gainers, 343 losers and 425 counters traded unchanged on the Bursa Malaysia. Turnover stood at 1.62 billion shares valued at RM1.66bil.

Dealers mentioned the KLCI rebounded on bargain-hunting actions and overseas shopping for help.

On Bursa Malaysia, Nestle added 70 sen to RM133.70, Petronas Dagangan gained 64 sen to RM21.90, Sarawak Oil Palms added 23 sen to RM3.97 and Malaysian Pacific Industries superior 20 sen to RM28.20.

Heineken Malaysia fell 40 sen to RM22.40, Aeon Credit misplaced 30 sen to RM13.62, Batu Kawan declined 20 sen to RM21.50 and DSR Taiko eased 19 sen to RM1.10.

Meanwhile, the ringgit was quoted at 4.4260, up 0.04% in opposition to the US greenback.

US mild crude oil fell 18 cents to US$102.55 whereas Brent added 12 cents to US$104.77 per barrel.

Elsewhere within the area, Japan’s Nikkei Stock Average closed up 0.1%, Hong Kong’s Hang Seng Index rose 0.38%, South Korea’s Kospi added 0.7%, China’s CSI300 fell 0.33% and Singapore’s Straits Times Index added 0.06%.

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