Late push for KLCI sees it closing above 1,830


KUALA LUMPUR: Late buying support pushed the FBM KLCI above the 1,830 level on  Thursday amid a firmer broader market as funds were seen picking up index linked stocks including Genting Bhd.

At 5pm, the KLCI was up 5.66 points or 0.31% to 1,831.97. Turnover was 2.16 billion shares valued at RM2.04bil, reflecting the improvement in buying interest. There were 466 gainers, 326 losers and 322 counters unchanged.

Market sentiment improved in the late afternoon in line with the firmer key regional bourses as the US dollar weakened. The ringgit firmed up to 3.6690 against the greenback from the previous close of 3.6992.

Reuters reported the US dollar lost ground on Thursday, the last trading day of the week for many markets ahead of Easter, after disappointing economic data on Wednesday raised doubts over the growth outlook ahead of key jobs data due Friday.

At Bura Malaysia, Genting Bhd gained 19 sen to RM8.99 and Genting Malaysia nine sen higher at RM4.23 on fund buying.  UMW added 14 sen to RM10.98.

Among the banks, Public Bank was the clear favourite, up 12 sen to RM18.92, Maybank added six sen to RM9.40, HL Bank four sen to RM14.30 and CIMB flat at RM6.24 and AmBank three sen to RM6.39. CIMB was flat at RM6.24 and RHB Cap shed one sen to RM8.

Crude palm oil for third-month delivery rose RM13 to RM2,167 per tonne. United Plantations added 36 sen to RM26.30, NSOP 22 sen to RM13.12, PPB Group eight senn to RM15.56 and KLK six sen to RM22.86. TAHPS fell 20 sen to RM6.50.

Sime Darby added five sen to RM9.31 but Tenaga lost six sen to RM14.30. 

Reuters reported oil prices slipped as officials from the big global powers remained locked in nuclear talks with Iran that, if successful, could allow the Islamic state to release more crude oil onto world markets.

US crude oil fell 18 cents to US$49.91 and Brent was down 14 cents to US$56.96. Petronas stocks notched small gains, with PetDag up four sen to RM20.12m PetGas two sen to RM23.02 but PetCHem was down four sen to RM5.56.

Dayang Enterprise fell nine sen to RM2.21.

Apex Healthcare fell for the second day, down 10 sen to RM3.80 while IHH Healthcare gave up nine sen to RM5.89.

Among the key regional markets,

Japan’s Nikkei 225 rallied 1.46% to 19,312.79;

Hong Kong’s Hang Seng Index rose 0.77% to 25,275.64;

Shanghai’s Composite Index rose 0.41% to 3,825.78;

Taiwan’s Taiex added 0.97% to 9,600.32;

South Korea’s Kospi eked out 0.03% to 2,029.07 and

Singapore’s Straits Times Index up 0.11% to 3,450.65.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
   

Next In Business News

CPO futures trading to remain range bound next week
Advisory panel unanimously recommends FDA authorize Johnson & Johnson COVID-19 vaccine
GameStop rally fizzles; shares still register 151% weekly gain
NYSE begins move to delist Chinese state oil producer CNOOC
Oil price drops on US$ strength and OPEC+ supply expectations
GLOBAL MARKETS-Globals stock slide on inflation fears
AMMB says it has enough capital to absorb 1MDB global settlement�
A five-year high for FGV Holdings
AMMB to pay RM2.83bil to the government
IHH to take proactive measures

Stories You'll Enjoy


Vouchers