KUALA LUMPUR: Blue chips ended the week on a firmer note on Friday, Nov 19 above the psychologically-important 1,500 level, supported by buying of DiGi.com, Genting and Maybank.
At 5pm, the 30-stock index was up 0.63% or 9.40 points to 1,506.05. Gainers outpaced losers by 467 to 288, while 299 counters traded unchanged. Volume was 1.02 billion shares valued at RM1.44 billion.
For the week, the KLCI was up 6.24 points from the Nov 12 closing of 1,499.81 as the market was roiled by external factors including Ireland's debt woes and China's move to curb the rising inflation in the country.
Regional markets were mixed with Japan's Nikkei 225 up 0.09% to 10,022.39, the Shanghai Composite Index advanced 0.81% to 2,888.57, Taiwan's Taiex up 0.27% to 8.306.12, South Korea's Kospi gained 0.68% to 1,940.96. However, the Singapore Straits Times Index slipped 0.56% to 3,197.37 and Hong Kong's Hang Seng Index shed 0.13% to 23,605.71.
Chinese shares rebounded in afternoon trade on Friday, helping the Hong Kong market recoup most of its losses, on hopes that further interest rate rises in China would not be as aggressive as earlier feared, according to Reuters.
But Hong Kong's Hang Seng Index still ended slightly lower, weighed down by speculation that the city's government would announce fresh measures to curb soaring property prices. After the market close, the government said it would raise stamp duty on some transactions and take other measures to clamp down on property speculation.
At Bursa Malaysia, the mostly positive corporate earnings helped underpin investors' confidence on Friday.
KNM was the most actively traded counter with 45.63 million shares done. The stock gained half a sen to 44 sen.
Trading interest was sparked by its unit KNM Process Systems Sdn Bhd's success in securing a US$216 million (RM680 million) bid to develop gas condensate fields in Uzbekistan from Lukoil Uzbekistan Operating Company.
DiGi rose RM1.10 to RM25.60 making it the top gainer; SunCity added 32 sen to RM4.32, Hap Seng 30 sen to RM4.48, LPI Capital 26 sen to RM11.80, Batu Kawan 20 sen to RM15.80 and Top Glove 19 sen to RM5.74.
Genting, RHB Capital and KL Kepong were up 18 sen each to RM10.22, RM8 and RM20 respectively, YTL Corp up 17 sen to RM8.30 and Maybank added 14 sen to RM8.96.
Among the decliners, BAT fell 66 sen to RM45.54, Dutch Lady lost 22 sen to RM17.88, Panasonic down 18 sen to RM18.42, Masterkill lost 13 sen to RM2.12.
At 5pm, the 30-stock index was up 0.63% or 9.40 points to 1,506.05. Gainers outpaced losers by 467 to 288, while 299 counters traded unchanged. Volume was 1.02 billion shares valued at RM1.44 billion.
For the week, the KLCI was up 6.24 points from the Nov 12 closing of 1,499.81 as the market was roiled by external factors including Ireland's debt woes and China's move to curb the rising inflation in the country.
Regional markets were mixed with Japan's Nikkei 225 up 0.09% to 10,022.39, the Shanghai Composite Index advanced 0.81% to 2,888.57, Taiwan's Taiex up 0.27% to 8.306.12, South Korea's Kospi gained 0.68% to 1,940.96. However, the Singapore Straits Times Index slipped 0.56% to 3,197.37 and Hong Kong's Hang Seng Index shed 0.13% to 23,605.71.
Chinese shares rebounded in afternoon trade on Friday, helping the Hong Kong market recoup most of its losses, on hopes that further interest rate rises in China would not be as aggressive as earlier feared, according to Reuters.
But Hong Kong's Hang Seng Index still ended slightly lower, weighed down by speculation that the city's government would announce fresh measures to curb soaring property prices. After the market close, the government said it would raise stamp duty on some transactions and take other measures to clamp down on property speculation.
At Bursa Malaysia, the mostly positive corporate earnings helped underpin investors' confidence on Friday.
KNM was the most actively traded counter with 45.63 million shares done. The stock gained half a sen to 44 sen.
Trading interest was sparked by its unit KNM Process Systems Sdn Bhd's success in securing a US$216 million (RM680 million) bid to develop gas condensate fields in Uzbekistan from Lukoil Uzbekistan Operating Company.
DiGi rose RM1.10 to RM25.60 making it the top gainer; SunCity added 32 sen to RM4.32, Hap Seng 30 sen to RM4.48, LPI Capital 26 sen to RM11.80, Batu Kawan 20 sen to RM15.80 and Top Glove 19 sen to RM5.74.
Genting, RHB Capital and KL Kepong were up 18 sen each to RM10.22, RM8 and RM20 respectively, YTL Corp up 17 sen to RM8.30 and Maybank added 14 sen to RM8.96.
Among the decliners, BAT fell 66 sen to RM45.54, Dutch Lady lost 22 sen to RM17.88, Panasonic down 18 sen to RM18.42, Masterkill lost 13 sen to RM2.12.
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