KUALA LUMPUR: Bursa Malaysia rebounded on Friday from steep falls after Russia's invasion of Ukraine sent global markets tumbling in the previous session.
At 5pm, the 30-stock index was up 17.83 points, or 1.13% to 1,591.72 after moving between 1,600.49 and 1,579.07 throughout the day. The FBM KLCI finished down 11.33 points for the week.
Market breadth turned positive as gainers overpowered decliners on a ratio of 700-to-318 stocks. Traded volumes stood at 3.24 billion shares worth RM2.92bil.
Stock market data showed foreign funds were net buyers on local equities at RM79mil on Thursday. Local institutions and retail investors were net sellers at RM55mil and RM24mil respectively.
In today’s session, 23 of the KLCI-component stocks were traded higher while two counters declined while four counters remained unchanged.
Nestle rose RM1.10 to RM135.10, Hong Leong Financial Group added 22 sen to RM19.22, CIMB advanced 19 sen to RM5.67, Maybank gained 18 sen to RM8.88 and Genting Malaysia climbed 16 sen to RM3.
Hartalega
fell eight sen to RM4.61, Maxis lost seven sen to RM3.98, Digi eased five sen to RM3.95 and Sime Darby Plantation declined two sen to RM4.78.
On the broader market, Malaysian Pacific Industries jumped 90 sen to RM36, Sam Engineering added 54 sen to RM21.60 and Sarawak Oil Palms advanced 53 sen to RM5.90.
Panasonic Manufacturing shed 22 sen to RM28.30, Hengyuan lost 20 sen to RM4.36, Can-One fell 20 sen to RM3.09 and Bonia eased 17 sen to RM1.87.
Meanwhile, oil prices surged again on worries about supply disruptions, with Brent crude rising 2% to US$101.05 a barrel, while U.S. West Texas Intermediate (WTI) crude also rose1.52% to US$94.22.
Elsewhere in the region, Japan’s Nikkei 225 rose 1.95%, South Korea’s Kospi rose 1.06%, China’s Shanghai Composite index was up 0.63% and Hong Kong’s Hang Seng Index closed down 0.59%.
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