Plantation shares ended firmer on Friday to keep the benchmark index afloat amid increased selling pressure elsewhere in the market, as investors took profit ahead of the weekend.Around the region, key indices in Shanghai and Shenzhen dropped at least 3%, but in Hong Kong stocks reversed declines in the final minutes of trading.
In Singapore, the Straits Times Index rose 0.66% to 2,631 points, but shares in Jakarta fell 0.4% to 2,386 points.
At home, the FBM KLCI rose 2.38 points, or 02% to close at 1,188.57 points. The 319-strong FBM Emas Index climbed inched 0.1% to 8,061 poinst, while the FBM SmallCap Index declined 0.45% to 10,308 points.
The Finance Index fell 0.29% to 9650.19 points, the Properties Index lose 0.64% to 804.04 points and the Plantation Index gained 2.08% to 6066.96 points. The market traded within a range of 10.27 points between an intra-day high of 1196.46 and a low of 1186.19 during the session. 
Losing stocks outnumbered risers 438 to 315, while 198 counters were flat. Total turnover was 1.05 billion shares valued at an estimated RM1.55bil. Actively traded stocks include KNM, MTONE, TIME, HUAAN, IOICORP, JOTECH, SAAG, JAKS, TMCLIFE, and DGATE
A measure of plantation stocks was Friday’s best performer, up 1.6% to 11,391 points.
Shares in KL Kepong closed 38 sen higher at RM13.98, followed by IJM Plantation’s 21 sen gain to RM3.05. PPB Group added 14 sen to RM15.20, Sime Darby up 10 sen to RM8.42.
Leading Movers were IOI (+10 sen to RM5.35), SIME (+10 sen to RM8.42), KLK (+38 sen to RM13.98), PPB (+14 sen to RM15.20), and TANJONG (+28 sen to RM15.60).
Lagging Movers were AXIATA (-5 sen to RM3.13), MAYBANK (-3 sen to RM6.60), COMMERZ (-4 sen to RM10.74), TENAGA (-2 sen to RM8.13) and MMCCORP (-5 sen to RM2.67).
Market breadth was negative with 438 losers as compared to 315 gainers. On a weekly basis, the benchmark FBM KLCI gained 3.69 points on sustained optimism about global economic recovery.
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