The FBM KLCI index gained 22.25 points or 1.30% on Friday. The Finance Index increased 1.80% to 17528.62 points, the Properties Index dropped 0.18% to 903.89 points and the Plantation Index rose 0.26% to 7411.8 points. The market traded within a range of 28.24 points between an intra-day high of 1732.16 and a low of 1703.92 during the session.
Actively traded stocks include HIBISCS, SAPNRG, BORNOIL, MYEG, GAMUDA, HSI-C3V, VC, A50CHIN-H23, VS-WA and ORION. Trading volume decreased to 2216.97 mil shares worth RM2494.47 mil as compared to Thursday’s 3104.46 mil shares worth RM3703.38 mil.
Leading Movers were PETGAS (+124 sen to RM18.48), CIMB (+29 sen to RM5.95), IHH (+18 sen to RM5.18), MAYBANK (+30 sen to RM9.58) and TENAGA (+32 sen to RM14.60). Lagging Movers were AXIATA (-10 sen to RM3.91), MISC (-9 sen to RM5.57), TM (-4 sen to RM2.60), GENM (-6 sen to RM4.35) and SIME (-2 sen to RM2.58).
Market breadth was positive with 578 gainers as compared to 334 losers. The KLCI halted its losing streak after gained 22.25 points to 1730.74 points despite overnight losses in US markets. The gain in our benchmark index was underpinned by buying in heavyweight counters, led by Petronas Gas.
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