Crude oil prices dipped in early trading on Friday as reports of a meeting by oil producers to freeze output failed to convince traders that enough effort was being made to rein in ballooning global oversupply, Reuters reported.
US light crude oil fell 11 cents to US$32.96 per barrel.
Meanwhile, China still has more room and tools in its monetary policy to tackle downward pressure in the economy, and its fiscal policy will be more proactive, Reuters reported central bank governor Zhou Xiaochuan as saying on Friday.
At Bursa Malaysia, Petronas Dagangan added 34 sen to RM25.28 while plantations managed to stage a rebound, with PPB Group up 20 sen to RM16.02 and KL Kepong gaining 14 sen to RM24.14.
CIMB added 15 sen to RM4.40 with 3.58 million shares done.
Among the consumer stocks, Dutch Lady
rose 78 sen to RM50.90 with 100 shares done while F&N added 12 sen to RM19.98 but BAT fell 86 sen to RM56.02.
Hose maker Wellcall lost 23 sen to RM2.58 after it was downgraded to reduce by CIMB Research.
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