FBM KLCI maintains winning streak

KUALA LUMPUR: The FBM KLCI extended its gain and ended the day 0.17% higher on continuous buying support in heavyweights.

The benchmark index closed up 2.61 points, or 0.17% to 1,563.9, lifted by gains in plantation stocks. It moved between 1,567.30 and 1,558.56 throughout the day.

For the week, the FBM KLCI rose 2.6%.

Market breadth was positive as gainers outnumbered losers on a ratio of 610-to-452 stocks. Traded volumes stood at 4.99 billion shares valued at RM3.34bil.

Among the 30 FBM KLCI constituents, 14 stocks were higher; 10 were lower while six traded flat.

Press Metal advanced 19 sen to RM6.09, Kuala Lumpur Kepong rose 16 sen to RM22.46, Genting Malaysia gained five sen to RM3.13, Sime Darby Plantation added five sen to RM4.24 and IOI Corp climbed one sen to RM4.06.

Hong Leong Bank fell 18 sen to RM18.60, Hap Seng lost 10 sen to RM8.05, Hartalega gave up 10 sen to RM5.89, Petronas Gas shed 10 sen to RM16.80 and Digi declined six sen to RM4.32.

On the broader market, Gentec surged 96 sen to RM40.64, Rapid gained 40 sen to RM9, Southern Acids rose 22 sen to RM4.03 and Freight Management advanced 20 sen to RM1.06.

Batu Kawan fell 50 sen to RM21.78, Hong Seng lost 29 sen to RM3.19 and Genting Plantations declined 25 sen to RM7.41.

Elsewhere in the region, Japan’s Nikkei 225 ended 1.34% higher at 28,048.94.

South Korea’s Kospi index closed 0.11%, lower at 2,956.30 while Hong Kong’s Hang Seng index rose 0.55% to 24,837.85

Chinese markets return on Friday after a seven-day break. The CSI300 index rose 1.3%, to 4,929.94, while the Shanghai Composite Index gained 0.7% to 3,592.17 points.

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