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%.