Fund support for Petronas stocks, Tenaga lift KLCI


Petronas-linked stocks led the KCI higher while Public Bank rebounded from its early losses amid a mixed broader market due to the US-China trade tensions.

KUALA LUMPUR: Fund buying of Petronas-linked stocks and Tenaga Nasional helped power the FBM KLCI out from the red at the close on Friday but the overall market sentiment was still mixed ahead of the weekend.

Petronas stocks climbed despite weaker crude oil prices but plantations were given a boost as crude palm oil for third month delivery soared past the key RM2,700 level.

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