KUALA LUMPUR, Dec 20 — Bursa Malaysia ended the week on a higher note as window dressing resumed on selected heavyweights led by energy stocks. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) jumped 14.17 points or 0.88 per cent to close at 1,610.18 compared with Thursday’s early...
Bursa Malaysia ended the week on a higher note as window dressing resumed on selected heavyweights led by energy stocks. — Picture by Azneal Ishak
The benchmark index, which opened at 1,598.27, moved between 1,591.95 and 1,610.18 throughout the trading session. Energy stocks Tenaga and Petronas Chemicals each gained 26 sen to RM13.38 and RM7.62 and Petronas Gas added 84 sen to RM17.64. Meanwhile, online equity broker Rakuten Trade Sdn Bhd head of research Kenny Yee said banking stocks which have been turning in mixed performance were on rotational trading for bargain hunting and window dressing.
Of the actives, Bumi Armada added 3.5 sen to 49 sen, Inari rose three sen to RM1.64 and Ifca improved 3.5 sen to 49.5 sen. Sector-wise, the Financial Services Index dropped 60.33 points to 15,561.53 but the Plantation Index recovered 68.41 points to 7,604.15 and the Industrial Products and Services Index was 1.87 points better at 154.86.
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