FBM KLCI snaps losing streak, up 2.02 points

KUALA LUMPUR: The FBM KLCI snapped its four-session losing streak to finish higher on Friday as bargain hunters picked up oversold counters.

The benchmark index closed up 2.02 points, or 0.14% to 1,450.23. For the week, the index ended 8.8 points, or 0.6% lower.

Gainers led sellers by 503 to 403, while 473 counters traded unchanged. Volume was 3.13 billion shares, valued at RM2.08bil.

Among the gainers, KESM rose 35 sen to RM7.40, British American Tobacco added 27 sen to RM9.50, Hextar Technologies gained 26 sen to RM24.20 and Unimech climbed 25 sen to RM1.95.

Nestle slid 40 sen to RM129, Batu Kwan fell 20 sen to RM20.20, F&N eased 20 sen to RM25.30 and Rapid lost 20 sen to RM23.80.

On the forex market, the ringgit was up 0.05% against the greenback to 4.6892, 0.48% against the pound sterling to 5.7407 and down 0.1% against the Singapore dollar at 3.4337.

Brent crude was up 76 cents to US$94.07 a barrel while WTI crude rose 92 cents or 33.2% to US$90.55 a barrel.

Elsewhere in the region, Japan’s Nikkei 225 fell 0.52%, Hong Kong’s Hang Seng Index rose 2.28%, South Korea’s Kospi closed down 0.27%, China’s CSI 300 Index gained 1.81% and Singapore’s Straits Times Index added 0.06%.