KLCI closes 19.32 points higher on late buying (Update)


KUALA LUMPUR: Malaysia's blue chips continued to advance by riding on the positive regional sentiment, sending the FBM KLCI up by 19.32 points or 1.11% to 1,762.19 Friday evening on late buying.

At 5pm, there were 526 gainers, 221 losers with 319 unchanged. Turnover was 1.897 billion valued at RM2.119bil.

Tenaga Nasional pushed the index up by 3.06 points, IOI added 2.68 points and Axiata 2.51 points.

Reuters reported Japan's Nikkei average climbed 1.9% on Friday, rebounding from a slump in the previous session, as robust data eased concerns over whether the US economy can withstand a pullback in stimulus by the Federal Reserve.

It said shares partly recouped recent losses on Friday and the dollar steadied, but both headed towards a fourth consecutive week of declines driven by uncertainty over central bank stimulus programs.

Talk that the US Federal Reserve, which holds its monthly meeting next week, could scale back its bond buying later in the year has led to a sharp selloff in global markets this week.

At Bursa Malaysia, consumer stocks were mixed with Nestle up 80 sen to RM65.86, Dutch Lady 48 sen to RM47.70 and GAB 36 sen to RM21.64 but BAT fell 46 sen to RM61.54 and F&N 18 sen to RM18.72.

Among banks, HLFG rose 28 sen to RM14.28, Maybank 14 sen to RM10.18, AMMB seven sen to RM7.12 and RHB Cap one sen to RM8.62 but Public Bank fell two sen to RM16.94.

Crude palm oil gained RM17 to RM2441. IOI Corp rose 20 sen to RM5.40, United Plantations 40 sen to RM28.70 but PPB fell eight sen to RM13.52.

Among Petronas-linked stocks, PetDag rose 44 sen to RM25.46, PetChem 21 sen to RM6.57 and PetGas 10 sen to RM20.94.

Top Glove fell 27 sen to RM6.08 and Naim 10 sen to RM4.10.

The ringgit strengthened against the dollar at 3.1149 from the previous close of 3.1335.

Among the key regional markets,

Japan's Nikkei 225 rose 1.94% to 12,686.52;

Hong Kong's Hang Seng Index rose 0.39% to 20,969.14;

Shanghai's Composite Index rose 0.65% to 2,162.04;

Taiwan's Taiex fell 0.18% to 7,937.74;

South Korea's Kospi rose 0.35% to 1,889.24;

Singapore's Straits Times Index rose 1.04% to 3,163.29

US light crude oil rose 37 cents to US$97.06

Brent rose 39 cents to US$105.33

Spot gold fell US$5.41 to US$1380.74

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KLCI , Higher , Late Buying

   

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