环球UG:Bursa snaps two-day losing streak, KLCI up 0.5%

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KUALA LUMPUR: The FBM KLCI snapped its losing streak to close higher on Friday amid broad-based buying ahead of the extended weekend break.

At 5pm, the benchmark index ended 7.1 points, or 0.5% higher at 1,425.79. On a weekly basis, the index lost 1.65%, or 23.95 points.

There were 445 gainers, 343 losers and 425 counters traded unchanged on the Bursa Malaysia. Turnover stood at 1.62 billion shares valued at RM1.66bil.

Dealers said the KLCI rebounded on bargain-hunting activities and foreign buying support.

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On Bursa Malaysia, Nestle added 70 sen to RM133.70, Petronas Dagangan gained 64 sen to RM21.90, Sarawak Oil Palms added 23 sen to RM3.97 and Malaysian Pacific Industries advanced 20 sen to RM28.20.

Heineken Malaysia fell 40 sen to RM22.40, Aeon Credit lost 30 sen to RM13.62, Batu Kawan declined 20 sen to RM21.50 and DSR Taiko eased 19 sen to RM1.10.

Meanwhile, the ringgit was quoted at 4.4260, up 0.04% against the US dollar.

US light crude oil fell 18 cents to US$102.55 while Brent added 12 cents to US$104.77 per barrel.

Elsewhere in the region, Japan’s Nikkei Stock Average closed up 0.1%, Hong Kong’s Hang Seng Index rose 0.38%, South Korea’s Kospi added 0.7%, China’s CSI300 fell 0.33% and Singapore’s Straits Times Index added 0.06%.