KUALA LUMPUR: The FBM KLCI snapped a six-session losing streak on Friday, closing higher despite broadly weaker regional markets.
The 30-stock index increased by 8.26 points, or 0.55%, to close at 1,535.38. However, it recorded a cumulative decline of 2.32% for the full week.
There were 468 gainers, 447 losers and 506 counters traded unchanged on the Bursa Malaysia. Turnover stood at 2.72 billion shares valued at RM2.2bil.
Malaysian Pacific Industries
rose 42 sen to RM18.42, PETRONAS Gas gained 32 sen to RM18, Sunway Construction added 26 sen to RM5.41 and Kuala Lumpur Kepong climbed 22 sen to RM19.84.
Among the day's biggest decliners were Dutch Lady, down 80 sen to RM29.30, Heineken, 36 sen lower at RM27.94, YTL Power, down 21 sen to RM3.39, and LPI Capital, 20 sen lower at RM14.80.
Main Market newcomer Eco-Shop Marketing, the most actively traded counter on Bursa Malaysia, closed up 6.19% or seven sen at RM1.20, with 209.16 million shares changing hands.
Meanwhile, stock market data showed that foreign funds offloaded RM208 mil worth of equities on Thursday.
Local institutions and retailers were net buyers at RM133 mil and RM75 mil, respectively.
On the forex market, the ringgit rose 0.86% against the US dollar to 4.2367.
It also gained 0.46% against the euro to 4.8043, climbed 0.22% against the pound sterling to 5.7145, and strengthened 0.48% against the Singapore dollar to 3.2927.
Among the key regional markets:
Japan’s Nikkei 225 closed up 0.47% to 37,160.47;
Hong Kong’s Hang Seng Index rose 0.12% to 23,573.45;
China’s CSI 300 Index fell 0.81% to 3,882.27;
Taiwan’s Taiex declined 0.09% to 21,652.24;
South Korea’s Kospi closed down 0.06% to 2,592.09 and;
Singapore’s Straits Times Index fell 0.06% to 3,882.42 points.
