Business News

Published: Friday March 29, 2013 MYT 12:00:00 AM
Updated: Wednesday April 24, 2013 MYT 2:11:51 PM

KLCI snaps four-day streak, ends week higher

KUALA LUMPUR: Malaysia's blue chips ended the first quarter on a firmer note, despite investors seen taking profit on Friday, snapping four days of gains during the week.

At 5pm, the FBM KLCI was down 2.41 points or 0.14% to 1,671.63. Turnover was 610.18 million shares valued at RM1.17 billion. There were 346 gainers, 346 losers and 293 counters unchanged.

On a Friday-to-Friday basis, it gained 44.7 points compared to 1626.89 points recorded on March 22.

Among the key regional markets that were opened, Japan's Nikkei 225 rose 0.50% to 12,397.91; Shanghai's Composite Index gained 0.01% to 2,236.62; Taiwan's Taiex added 0.66% to 7,918.61 and South Korea's Kospi climbed 0.57% to 2,004.89.

At Bursa Malaysia, Petronas Dagangan fell 34 sen to RM23.10, and Petronas Chemicals shed four sen to RM6.41, while Petronas Gas was flat at RM19.

Astro lost six sen to RM2.82, Genting Malaysia declined five sen to RM3.62 and Axiata inched down two sen to RM6.60.

Among the banks and finance-related stocks, RHB Cap fell 18 sen to RM8.45 and Maybank five sen to RM9.35 but Public Bank rose two sen to RM16.26 and HL Bank added two sen to RM14.46.

MAS was the second most active counter with 20.28 million shares done, closing at 76.5 sen, up two sen.

Among the consumer stocks, Apollo rose to the highest since 1997 on its stronger earnings. It surged 25 sen to RM3.88. F&N rose 8 sen to RM18.50.

Crude palm oil for third-month futures fell RM16 to RM2,412. KL Kepong rose 18 sen to RM20.92 and IOI Group gained two sen to RM4.68 and FGV climbed two sen to RM4.60.

The ringgit was firmer against the US dollar at 3.0920 compared with 3.0965 the previous day.

US light crude oil added 55 cents to US$97.13 and Brent 33 cents higher at US$110.02.

Spot gold gained US$2.53 cents to US$1,599.35.

Tags / Keywords: News, Business, Malaysia's blue chips, first quarter, MAS, Business

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