FBM KLCI hits five-week excessive

KUALA LUMPUR: The FBM KLCI hit a five-week excessive on Friday, lifted by beneficial properties in Press MetallicPetronas Chemical compounds and IHH healthcare.

At closing, the 30-stock index ended 6.5 factors, or 0.41% increased at 1,607.29, its highest since March 3. For the week, the index added 4.88 factors.

Market breadth turned optimistic as gainers overpowered the losers on a ratio of 535-to-396 shares. Traded volumes stood at 2.92 billion shares valued at RM1.85bil.

Among the many KLCI part shares, Press Metallic jumped 23 sen to RM6.35, pushing the index increased by 2.8608 factors.

Petronas Chemical compounds rose 12 sen to RM10.30, propelling the index 1.4492 factors increased and IHH Healthcare closed up 4 sen to RM6.45, nudging the index increased by 0.5315 factors.

Laggards among the many KLCI part shares have been Telekom Malaysia, Kuala Lumpur Kepong and MISC.

On the broader market, Heineken Malaysia surged RM1.80 to RM24.80, PMB Know-how rose 72 sen to RM19 and Dutch Woman gained 40 sen to RM33.

Brahim’s, probably the most energetic counter on Bursa Malaysia, tumbled 69.57% to three.5 sen with 191.78 million shares traded.

Buying and selling in Brahim’s securities will likely be suspended on April 15 as its attraction for an extension of time to submit its regularization plan has been rejected by Bursa Securities.

The Apply Notice 17 (PN17) firm additionally dangers being delisted on April 20 until an attraction in opposition to the delisting is submitted to Bursa Securities on or earlier than April 14.

Elsewhere within the area, Japan’s Nikkei Inventory Common rose 0.36%, Hong Kong’s Hold Seng Index added 0.29%, South Korea’s Kospi gained 0.17% and Singapore’s Straits Instances Index fell 0.62%.


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