trade in positive territory after clawing 
back losses from earlier in the day with the KLCI up marginally.Markets in the region were also up with Hong Kong’s Hang Seng Index rising 1.78% to close at 18,600.26.
The KLCI was 0.15% higher at 1,075.77 at 5pm.
At Bursa Malaysia, 323 counters were up, 293 counters were down and 234 others were traded unchanged. There were 1.20 billion shares done with a total value of RM1.24 billion. The KLCI rose eight points in the morning, but ended just 1.7 points up at 1,075.8. Market breadth was mixed with advancing stocks edging our declining ones by a very slim margin.
At Bursa Malaysia, 323 counters were up, 293 counters were down and 234 others were traded unchanged. There were 1.20 billion shares done with a total value of RM1.24 billion. The KLCI rose eight points in the morning, but ended just 1.7 points up at 1,075.8. Market breadth was mixed with advancing stocks edging our declining ones by a very slim margin.
The relatively flat performance on Friday came after two days of very strong gains – where the KLCI rose a total of 29 points on Wednesday and Thursday alone. Thus, some investors could have opted to lock in their gains ahead of the weekend.
Bargain hunting has increased in recent days and the KLCI appears to find support above the 1,050 mark. However, sentiment is still generally cautious. For the week, the benchmark index gained a total of 16.3 points or 1.5%.Investors are unsure whether the intermittent rallies are just technical in nature during a correction phase, or if they are related to the mid-year book closing exercise. New leads are needed and expectations are much higher now after the rally.
BCHB was up 15 sen to RM9.10, Public Bank gained 10 sen to RM8.90, Maybank dropped 10 sen to RM5.80 and Hong Leong Financial Group was 12 sen lower at RM4.98.
TNB lost 5 sen to RM7.75, Petronas Dagangan fell 20 sen to RM8.30, Shell shed 30 sen to RM10.20 and MMC rose 9 sen to RM2.09.
Measat surged 23 sen to RM1.93, Astro advanced 18 sen to RM3.22 and Tanjong rose 20 sen to RM13.70. TM was 3 sen lower at RM2.91, DiGi gained 20 sen to RM22.20 and TimedotCom added 1.5 sen to 40 sen.
Genting Plantations fell 15 sen to RM5.50, Sime gained 5 sen to RM6.90,
TNB lost 5 sen to RM7.75, Petronas Dagangan fell 20 sen to RM8.30, Shell shed 30 sen to RM10.20 and MMC rose 9 sen to RM2.09.
Measat surged 23 sen to RM1.93, Astro advanced 18 sen to RM3.22 and Tanjong rose 20 sen to RM13.70. TM was 3 sen lower at RM2.91, DiGi gained 20 sen to RM22.20 and TimedotCom added 1.5 sen to 40 sen.
Genting Plantations fell 15 sen to RM5.50, Sime gained 5 sen to RM6.90,
IOI was 2 sen higher at RM4.70 and KL Kepong added 10 sen to RM12.10. BAT dropped 50 sen to RM43.75 and Panasonic Malaysia fell 10 sen to RM11.90.Nymex crude oil was up 87 cents to US$71.10 per barrel.
Crude palm oil third-month futures fell RM23 to RM2,313 per tonne.
The ringgit was quoted at 3.532 to the US dollar.
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