KLCI reverses earlier losses

KUALA LUMPUR: The FBM KLCI reversed its losses and climbed nearly two points on Thursday's close supported by gains in blue chips, although the broader market was weaker.

At 5pm, the KLCI closed up 1.54 points to 1,845.32. Turnover was 2.064 billion shares valued at RM1.838bil. 

There were 309 gainers, 506 decliners and 327 counters unchanged.

Reuters reported the dollar vaulted to a six-year peak against the yen on Friday as the Federal Reserve's outlook for rising interest rates underlined the diverging path between the US and the rest of the rich world.

It came as the European Central Bank prepared to turn its liquidity taps back on in full after a 2½-year break, and as voters in Scotland started hitting the polls to decide whether to separate from the rest of the UK.

At Bursa Malaysia, HLFG rose 18 sen to RM17.60 and AmBank 14 sen to RM6.86.

LPI rose 18 sen to RM17.40, BJAuto 17 sen to RM3.24, and Narra 16 sen to RM5.05.

Decliners were BAT, down 90 sen to RM70.30, Carlsberg 28 sen to RM12.14, BJFood 14 sen to RM2.86 and GAB 12 sen to RM12.86. Aeon Credit fell 28 sen to RM16.48 and Takaful 20 sen to RM12.32.

Elsewhere in Asia, Japan’s Nikkei 225 rose 1.13% to 16,067.57. Hong Kong’s Hang Seng Index fell 0.85% to 24,168.72, Shanghai’s Composite Index rose 0.35% to 2,315.93, while Taiwan’s Taiex rose 0.46% to 9,237.03.

South Korea’s Kospi fell 0.72% to 2,047.74.

Singapore’s Straits Times Index rose 0.02% to 3,297.29.

Crude palm oil for third-month futures rose RM13 to RM2,157.

The ringgit weakened against the dollar at 3.2280 from 3.2175.

US light crude oil fell 18 cents to US$94.24 and Brent fell 21 cents to US$98.76.

Spot gold rose 29 cents to US$1,223.80.

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