KLCI pares gains as sellers dominate


KUALA LUMPUR: The FBM KLCI pared some of its gains today, as sellers dominated the market amid some bargain hunting activities following the recent selldown.

The benchmark index edged up 3.97 points, or 0.26% to 1,559.68. The index hit an intraday high of 1,563.47 and a low of 1,556.16.

Decliners outnumbered gainers by 657 to 344 while 447 counters closed unchanged. A total of 5.4 billion shares worth RM2.56bil were traded.

Dealers said investors started nibbling on beaten down stocks as Bursa Malaysia. They added that investors’ risk appetite improved following the overnight gains on Wall Street.

The top gainers included Petronas Gas, which rose 66 sen to RM19.60, F&N added 36 sen to RM26.66, Batu Kawan gained 20 sen to RM19.48 and Nestle advanced 20 sen to RM133.70.

OM Holdings lost 53 sen to RM3.50, MPI fell 42 sen to RM38.50, Cycle & Carriage Bintang shed 40 sen to RM2.62 and Central Global declined 25 sen to RM1.77.

Among the banks, Maybank fell one sen to RM8.19, Public Bank added one sen to RM4.19, CIMB lost one sen to RM4.69, RHB Bank declined one sen to RM5.42 and Hong Leong Bank added six sen to RM18.86.

Oil prices rose higher on Friday, and were on track for a fifth consecutive weekly gain on expectations that demand growth would outstrip supply, Reuters reported.

Brent was up four cents at US$75.60 a barrel at 0854 GMT, heading for a 2.8% jump for the week.

U.S. West Texas Intermediate (WTI) crude was up one cent at US$73.31 a barrel and headed for a 2.4% weekly gain.

Asia benchmarks finished higher today as Japan's Nikkei 225 rose 0.66% to 29,066.18.

Hong Kong’s Hang Seng ended up 1.4% at 29,288.22 while South Korea’s Kospi closed up 0.51%, at 3,302.84.

China’s CSI300 index rose 1.6% to 5,239.97, while the Shanghai Composite Index advanced 1.2% to 3,607.56.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

KLCI , Bursa Malaysia , FBM KLCI

   

Next In Business News

IMF raises growth forecasts for rich nations, dims outlook for Malaysia and developing world
Microsoft scores record quarterly profit on cloud boost
GameStop to join S&P MidCap 400 index next week
Oil prices steady as virus spread counters tight supplies
Wall St snaps five-day up streak as caution rises before tech earnings, Fed
GIC-backed clinical trial firm WCG eyes up to US$6.45bil valuation in US IPO
Palm oil prices extend upward momentum on output concerns
Kossan posts RM1.06bil profit in Q2, expects glove prices to cool off�
Globetronics makes RM6.2mil net profit in Q2�
KLCI ends higher, bucking regional markets’ downtrend

Stories You'll Enjoy


Vouchers