Tenaga powers KLCI on first trading day after CNY


For April, the 30-stock index was up 9.46 points or 0.58% from a month ago.

KUALA LUMPUR: The first trading day of the Year of the Pig ended on a firm note on Thursday as Tenaga Nasional helped power the FBM KLCI to a firmer close while Bumi Arma climbed in active trade.

At 5pm, the KLCI was up 9.78 points or 0.58% to 1,693.39. Turnover was 1.43 billion shares valued at RM1.20bil. The broader market was firmer with 443 gainers to 261 losers and 338 counters unchanged.

Japan's Nikkei 225 closed down 0.59%, Hong Kong and China markets are closed, South Korea's Kospi was unchanged, Singapore's Straits Times Indec added 0.5% while Thailand's SETI fell 0.14% and Jakarta Composite Index lost 0.17%.

At Bursa, Tenaga was the top gainer, up 48 sen to RM13.42 and added 4.3 points to the KLCI, Genting Bhd gained 15 sen to RM7.12 and added 0.92 of a point, Genting Malaysia three seb ti RM3.33 while MISC added 26 sen to RM6.96 and 1.83 points.

Maxis closed 14 sen higher to RM5.70 and nudged the KLCI up 1.72 points. Axiata lost 12 sen to RM3.90 and Digi two sen lower at RM4.60.

US light crude oil fell 22 cents to US$53.79 per barrel and Brent was down 31 cents to US$62.38.

Petronas Gas ended the day 34 sen higher at RM18, Petronas Dagangan two sen to RM25.96 but Petronas Chemical lost two sen to RM8.43. Dialog was unchanged at RM3.02.

Bumi Armada was the most active with 83.22 million shares done, rising 2.5 sen to 22.5 sen.

Plantations fared well as crude palm oil prices climbed in line with higher soyoil prices. CPO for third month delivery rose RM19 to RM2,325 per tonne, but off the intra-day high of RM2,344 per tonne.

Genting Plantations rose 30 sen to RM10.44, KL Kepong 26 sen to RM24.70, Sime Plantation was up one sen to RM5.15 while IOI Corp and PPB Group were flat at RM4.65 and RM18.20. FGV gained seven sen to RM1.07 in active trade, continuing its run-up in recent weeks after the announcement of the new key performance indicators.

Mesiniaga closed up 18 sen to multi-year highs after securing the RM1.9bil contract three weeks ago.

Bumi Armada was the most active with 83.22 million shares done, rising 2.5 sen to 22.5 sen in late trading. 

Among the consumer stocks, with F&N the top loser, down 30 sen to RM33.74, BAT lost 22 sen to RM38, Heineken 20 sen lower at RM21.10.  

The ringgit climbed against the US dollar, up 0.51% to 4.0722 and advanced 0.91% to the pound sterling to 5.2581 and gained 0.79% to the euro at 4.6248 while the Singapore dollar rose by 0.66% to 3.0032.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Nissan cuts annual operating profit estimate by 14.5% on lower sales
Oil surges as reports of Israeli strike on Iran roil markets
Bitcoin slides below $60,000 on reports Israel strikes Iran
Stocks sink, oil jumps after Israeli attack on Iran
Yinson Production successfully places US$500mil bond issue
EG Industries expands partnership with US-based R&D firm
FBM KLCI rises despite broader market decline
Malaysia's exports rise in 1Q to RM362.41bil
Malaysia's economy likely grew 3.9% y-o-y in Q1 - advance estimate
Oil prices surge 3% on reports of Israeli strikes on Iran

Others Also Read