Oil deal buoys sen­ti­ment

The Sun (Malaysia) - - SPEAK UP -

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

Newspapers in English

Newspapers from Malaysia

© PressReader. All rights reserved.