Oil deal buoys sentiment

BURSA Malaysia ended firmer yesterday on buying support in heavyweight stocks due to positive sentiments brought on by the surge in oil prices, dealers said.

The FBM KLCI ended at 1,626.44 points, 7.32 points higher. Overall, market breadth was positive as winners beat losers 492 to 307 with 297 counters unchanged, 587 untraded and 20 suspended.

A dealer said the local bourse tracked the Asian markets, which were broadly higher after major oilproducing nations signed a deal to cut output.

Of the heavyweights, Maybank added 2 sen to RM7.79, Public Bank gained 6 sen to RM19.64 and Petronas Chemicals improved 3 sen to RM6.86. TNB eased 6 sen to RM13.98. – Bernama