FBM KLCI closes marginally higher

KUALA LUMPUR: The local bourse ended marginally higher for the second straight session on Friday on continued buying in index-linked stocks.

At closing, the FBM KLCI ended 0.7 of-a-point lower at 1,608.43. It opened 0.45 of-a-point lower at 1,607.28.

The market traded within a range of 5.37 points between an intra-day high of 1,610.81 and a low of 1,605.44 during the day.

Turnover stood at 6.54 billion shares valued at RM4.18bil. There were 574 gainers against 478 losers while 454 counters unchanged.

Dealers said the local bourse traded sideways today as investors remained on the sidelines.

The performance of the FBM KLCI was boosted by continuous buying in glove makers and Petronas-linked stocks.

Hartalega added 24 sen to RM10.78 and Top Glove rose 11 sen to RM5.73.

Petronas Dagangan, Petronas Gas and Supermax added 18 each to RM19.94, 16.20 and RM5.95 respectively.

Laggards in the FBM KLCI component stocks included Nestle, Hong Leong Financial Group (HLFG), Hong Leong Bank, Hap Seng, RHB Bank and KLK.

On the broader market, Transocean jumped 77 sen to RM3.34, Freight Management rose 45 sen to RM1.96, Adventa climbed 25 sen to RM1.64 and Cheetah added 23 sen to RM1.83.

Bitcoin and other cryptocurrencies suffered hefty losses on Friday amid fears that U.S. President Joe Biden's plan to raise capital gains taxes will curb investment in digital assets, Reuters reported.

Bitcoin slumped 7% to $48,176 in a third straight session of losses while Ether and XPR suffered double digit tumbles, it said.

Elsewhere in the region, Japan’s Nikkei 225 fell 0.57%, the Shanghai Composite Index gained 0.26%, CSI300 advanced 0.91%, South Korea’s Kospi rose 0.27% and Hong Kong’s Hang Seng index added 1.12%.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3

Bursa Malaysia , KLCI , FBM KLCI


Next In Business News

Mitsui weighs buyout of US$11bil IHH Healthcare
MIDF Research: Bank Negara likely to keep OPR unchanged this year
US$953mil Singaporean fund ensnared by alleged nickel fraud
Maybank to stop coal financing
CMS to hire external consultant in financial management probe
Rizal Rickman succeeds Zeti as Sime Darby Property chairman
Former Chief Justice Tun Arifin Zakaria appointed as PNB group chairman
Inari Amertron plans RM1bil private placement�
KLCI snaps losing streak but broader market cautious
Bank Muamalat allocates RM500mil financing to help Industry 4.0 vendors

Stories You'll Enjoy