KUALA LUMPUR: Malaysia’s stock market ended Sept 30 on a firm note, with the FBM KLCI up nearly 18 points, underpinned by local fund buying of plantations and MISC, after a volatile month.
At 5pm, the KLCI was up 17.72 points or 1.11% to 1,621.04. Turnover was 1.69 billion shares valued at RM2.48bil. There were 573 gainers, 277 losers and 289 counters unchanged.
Reuters reported global stocks were on track to end their most bruising quarter in four years with gains on Wednesday, led by shares that have been most exposed to global economic slowdown and commodity sector rout that have rattled investors in recent days.
It was a similar pattern in foreign exchange where emerging market currencies, having been crushed to historic lows, rose against the dollar.
At Bursa Malaysia, plantations were among the top gainers following the recent run-up in the crude palm oil prices though there was a pullback on Wednesday.
CPO for third month delivery fell RM84 to RM2,367.
United Plantations rose 98 sen to RM26.98 with 13,600 shares done, KL Kepong added 34 sen to RM21.70, Sime Darby rose 30 sen to RM7.79 while PPB Group edged up 22 sen to RM15.42.
FGV gained seven sen to RM1.50 in active trade. However, Genting Plantations lost nine sen to RM9.91.
MISC closed 29 sen higher at RM8.80 with 10.18 million shares done on positive outlook for the LNG shipper.
Magni-Tech added 45 sen to close at multi-year high of RM5.19 after announcing the ex dates for its dividend and special dividend.
Among the banks, CIMB fell seven sen to RM4.46 and it was the top loser among the banking stocks.
SP Setia shed eight sen to RM3.15.
Limited time offer:
Just RM5 per month.
