Banks, Tenaga leads KLCI increased for week

KUALA LUMPUR: The FBM KLCI posted a weekly achieve, boosted by features in banking and plantation shares.

At 5pm, the 30-stock index rose 0.38 of a degree to 1,591.26 on Friday, ending the week 23.04 factors, or 1.47% increased.

There have been 425 gainers, 468 losers and 448 counters traded unchanged on the Bursa Malaysia. Turnover was at 3.32 billion shares valued at RM5.71bil.

In at this time’s session, 10 of the KLCI-component shares have been traded increased whereas 18 counters declined whereas two counters remained unchanged.

Among the many plantation shares, Kuala Lumpur Kepong gained 30 sen to RM25.30, PPB climbed eight sen to RM17 and Sime Darby Plantation rose eight sen to RM4.98.

Tenaga jumped 34 sen to RM9.42, Petronas Dagangan gained 22 sen to RM20.62, Maybank added 4 sen to RM9.02 and Public Financial institution rose six sen to RM4.69.

On the broader market, Carlsberg surged 74 sen to RM20.72, F&N gained 56 sen to RM21.20 and PMB Expertise added 40 sen to RM17.22.

Malaysian Pacific IndustriesHong Leong Financial institution, Hong Seng and KESM are among the many high losers on Bursa Malaysia.

In the meantime, Reuters reported that gold costs fell on Friday en path to their worst week since late November, as safe-haven demand fueled by Russia’s invasion of Ukraine subsided.

Spot gold fell 0.52% to US$1,932.76 per ounce whereas spot silver declined 0.51% to US$25.25 an oz.

Brent crude rose 45 cents to US$107.09 a barrel whereas US West Texas Intermediate crude was at US$103.55 per barrel, up 57 cents.


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