At 5pm, the KLCI was up 17.71 points or 1% to 1,796.81 – the highest since mid-June this year – on late buying as some funds closed their books. The KLCI is up 9.45% year-to-date.
Turnover was 3.14 billion shares valued at RM2.76bil. There were 473 gainers, 447 losers and 426 counters unchanged.
Sime Plantation jumped 52 sen to RM6 – the highest since its listing in late November – and pushed the KLCI up 6.29 points. Sime Darby Property jumped 33 sen to RM1.78 but Sime Darby lost two sen to RM2.21.
Maybank rose 24 sen to RM9.80 and pushed the KLCI up 4.6 points, RHB Bank gained five sen to RM5, AmBank four sen to RM4.41, Hong Leong Bank and CIMB were flat at RM17 and RM6.54 while Public Bank fell four sen to RM20.78.
As for telcos, Digi rose 26 sen to RM5.10 and added 3.6 points. Telekom gained 16 sen to RM6.30, Axiata gained nine sen to RM5.49 and Maxis two sen higher at RM6.01.
Among the heavyweights, Tenaga fell 16 sen to RM15.26, Genting Bhd five sen to RM9.20 but Genting Malaysia added five sen to RM5.63 and MISC advanced 13 sen to RM7.42.
Consumer stocks were among the top gainers, with Dutch Lady up RM2.20 to RM62, BAT added RM2 to RM40, Nestle RM1.20 to RM103.20 and F&N 46 sen higher at RM27.
US light crude oil rose 33 cents to US$60.17 and Brent added 24 cents to US$66.40. Petronas Gas rose 10 sen to RM17.48, Petronas Dagangan fell four sen to to RM24.26 while Petronas Chemicals lost 10 sen to RM7.70.
Hengyuan was the top loser, sliding RM1.66 to RM16.30 with 12.7 million shares done after hitting an intra-day high of RM19.20. Its call warrants, which had surged early Friday, were the top losers.
Petron fell RM1.06 to RM13.54 with 1.95 million shares done. It hit an intra-day high of RM15.06.
As for plantations, KL Kepong rose 34 sen to RM25, IOI Corp added four sen to RM4.5, PPB Group six sen to RM17.24. Crude palm oil for third month delivery fell RM18 to RM2,503 per tonne.
The ringgit was firmer against several key currencies. It rose 0.5% against the US dollar to 4.0465 and gained 0.04% to the pound sterling to 5.4682 while it gained 0.2% to the euro to 4.8445 and climbed 0.33% to the Singapore dollar at 3.0299.
Among the key regional markets,
Japan’s Nikkei 225 fell 0.08% to 22,764.94 and its up 19.1% year-to-date (YTD);
Hong Kong’s Hang Seng Index gained 0.19% to 29,919.15 and it is up 36% YTD;
CSI 300 gained 0.3% to 4,030.85 and it is up 21.78% YTD;
Shanghai’s Composite Index rose 0.33% to 3,307.17 and it is up 6.56% YTD;
Hang Seng China Enterprise gained 0.22% to 11,709.30 and advanced 0.22% YTD;
Taiwan’s Taiex ended 0.71% up at 10,642.86 and up 15.01% YTD;
South Korea’s Kospi rallied 1.26% to 2,467.49 and was up 21.76% YTD while
Singapore’s Straits Times Index closed up 0.17% to 3,404.77 and YTD it had advanced 18.19%.
Spot gold rose US$1.66 to US$1,296.70.