KLCI ends week firmer above 1,800 level

KUALA LUMPUR: The FBM KLCI ended the week firmer, up nearly nine points supported by gains in banks and heavyweights, as investors’ confidence were boosted by the positive sentiment across global markets despite a slight drop in Asian equities.

At 5pm, the KLCI closed Friday up 8.92 points to 1,801.83. Turnover was 2.4 billion valued at RM2.448bil. There were 445 gainers, 349 decliners while 285 counters were unchanged.

Reuters reported world shares steadied at a five-year high on Friday and bond and commodity markets were consolidating a week of major gains after the US Federal Reserve's shock decision to keep its stimulus intact.

After the sharp moves of Wednesday and Thursday, Asian and early European trading was largely subdued as investors took stock of their positions and locked in some of the gains, with half an eye on German elections on Sunday.

At Bursa Malaysia, Hibiscus and its warrants rose, up 39 sen to RM2.02 and 33 sen to RM1.39 each.

Among banks, CIMB rose 26 sen to RM8.08, RHB Cap 20 sen to RM7.80 and Public Bank 10 sen to RM17.92

Crude palm oil fell RM10 to RM2,307. PPB Group lost 50 sen to RM14.08, United Plantations RM1.30 to RM26.50, KL Kepong 20 sen to RM22.32, FGV seven sen to RM4.28 and IOI Corp two sen to RM5.40.

Petronas stocks rose with PetDag up 20 sen to RM28.70, PetGas eight sen to RM21.88 and PetChem seven sen to RM6.93.

Glovemakers fell with Hartalega down 22 sen to RM7.06 and Kossan 21 sen to RM6.47.

Among the key regional markets,

Japan’s Nikkei 225 fell 0.16% to 14,742.42;

Hong Kong’s Hang Seng Index rose 1.67% to 23,502.51;

Shanghai’s Composite Index rose 0.29% to 2,191.85;

Taiwan’s Taiex fell 0.49% to 8,209.18;

South Korea’s Kospi fell 0.39% to 2,005.58;

Singapore’s Straits Times Index fell 0.29% to 3,242.29

US light crude oil fell 18 cents to YS$106.21 and Brent rose 34 cents to US$109.11.

Spot gold fell US$9.41 to US$1,356.84


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