KUALA LUMPUR: Bursa Malaysia continued to see heavy trading activities especially in penny stocks and warrants, sending total volume traded over 9.2 billion units on Friday, the second highest in history.
At 5pm, the FBM KLCI was up 6.19 points or 0.44% to 1,403.44. Turnover was 9.228 billion units but the quality of buying was lower with trading value at RM3.86bil.
On Wednesday, trading volume was at the all-time high of 9.59 billion units.
The broader market on Friday was better with advancers beating decliners nearly two to one or 592 gainers to 316 losers and 387 counters unchanged.
Malaysia’s stock market bucked some of the key regional markets as US-China trade frictions after US President Donald Trump’s comments weighed on investors’ risk appetite.
KNM rose three sen to 18 sen and it was the most active with 673.29 million shares done, Hibiscus jumped 6.5 sen to 58 sen with 487.51 million shares while Sapura Energy added 0.5 sen to nine sen with 432 million shares. Green Packet-WB climbed 0.5 sen to 46.5 sen with 419.92 million units done.
Among plantations, PPB Group rose 44 sen to RM16.54, KL Kepong 34 sen to RM20.16 but Sime Plantation fell 14 sen to RM4.61.
Green Packet surged 24 sen to RM1.21. The technology and telecommunications company recently launched its KipleLive proptech application as part of its "We Are Ready" campaign, which aims to get Malaysian businesses to embrace new norms to cope with the Covid-19 pandemic.
Other gainers were Dutch Lady, up 36 sen to RM46.16, HLFG 28 sen to RM12.90, Dufu 26 sen to RM4.76, Petronas Gas 24 sen RM15.28.
Time dotCom rose 21 sen to RM10.18 and MISC 20 sen to RM8.
However, on the external front, China blue-chip stocks ended their worst week since March as economic growth worries linger on lacklustre consumption and US-China trade frictions, Reuters reported.
The Shanghai Composite index was down 0.1% at 2,868.46. The index fell 0.9% week on week, its first week in negative territory in May. The blue-chip CSI300 index fell 0.3% on Friday. It fell 1.3% from the previous week.
Hong Kong’s Hang Seng index was down 0.1% at 23,797.47. The benchmark lost 1.8% for the week, marking the biggest fall in three weeks. The Hang Seng China Enterprises index fell 0.1%.
In Japan, the Nikkei average ended 0.6% higher at 20,037.47, with recently-battered cyclical sectors leading gains. For the week, the index lost 0.7%.
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