KUALA LUMPUR: Bursa Malaysia closed Friday off its day's best amid profit taking activities but buying support for Hartalega and Top Glove enabled the FBM KLCI to close on a firmer note.
At 5pm, the KLCI was up 8.34 points or 0.56% to 1,509.14. Turnover was 5.17 billion shares valued at RM3.95bil. The broader market saw 572 gainers, 446 losers and 410 counters uchanged.
A resurgence in Covid-19 cases restrained appetite for riskier assets. Key Asian markes closed mixed with Japan's Nikkei 225 up 0.51% and Singapore's Straits Times Index added 0.69% but Hong Kong's Hang Seng Index lost 0.32% and Shanghai Composite Index shedding 0.12%.
The ringgit was firmer against the US dollar, up 0.05% to 4.1687.
FTSE Russell decided to keep Malaysia's bonds on its negative watch list, following the annual review process, Maybank Investment Research said.
“While acknowledging the measures to improve liquidity and accessibility of both bond and forex markets, more time is needed to assess the efficacies of these improvements, ” the research house said on Friday.
At Bursa, Hartalega was the top gainer, up RM1.10 to RM17 and pushing the KLCI up 7.63 points while Top Glove gained 25 sen to RM8.80 and added 4.14 points. Kossan added 80 sen to RM13.80 and Supermax 18 sen to RM8.59.
Aeon Credit gained 78 sen to RM10.80 on market talk that it could be taken private. However, volume was 710,500 shares only.
Crude oil prices climbed, with US light up 23 cents to US$40.53 and Brent 28 cents to US$42.22.
Petronas Chemicals gained 16 sen to RM5.50 and added 2.59 points to the KLCI, Petronas Gas shed two sen to RM16.38 and Petronas Dagangan 34 sen down to RM19.76.
Tenaga gained six sen to RM10.88, Sime Darby five sen to RM2.40, Genting and GentingM shed one sen each to RM3.27 and RM2.10. However, MAHB lost 16 sen to RM4.89
Semicon and tech related counters KESM and Greatec climbed. KESM added 27 sen to RM8.30 and Greatec 30 sen to RM6.30.
Among the plantations, PPB Group fell the most, down 48 sen to RM18.40, KL Kepong 14 sen to RM22.64, IOI Corp and Sime Plantation three sen each to RM4.45 and RM5.02.
Parlo closed off the day's low of 29 sen. It ended down 15 sen to 40 sen with 89 million shares done.
Parlo is collaborating with Diamond Palace Group of Companies Ltd and Agensi Pekerjaan Seaview Hectare Sdn Bhd to provide employment agency-related services to supply workers to employers.
Diamond Palace was incorporated in Myanmar and undertakes various national projects, which include consular and employment agency services for Myanmar migrant workers, whereas Seaview is Diamond Palace’s local partner in Malaysia, it said in a statement.
US light crude oil rose 23 cents to US$40.53 and Brent added 28 cents to US$42.22.
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