Malaysian Stock Market Ends Mixed

KUALA LUMPUR, Nov 6 (Bernama) – The Malaysian stock market (Bursa Malaysia) ended mixed Monday, amid mild buying interest. The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) finished 1.36 points higher at 1,742.29 compared with Friday’s close of 1,740.93. The index opened 2.32 points better at 1,743.25. Market breadth was negative with losers leading gainers 451 to 429 with 383 counters unchanged, 551 untraded and 29 others were suspended. Volume increased to 3.0 billion shares, worth RM2.08 billion, from Friday’s 2.80 billion shares,valued at RM1.97 billion. Maybank gained one sen to RM9.25, Public Bank added two sen to RM20.48, Petronas Chemicals rose eight sen to RM7.37, Sime Darby and CIMB were flat at RM9.08 and RM6.21, respectively, while TNB declined eight sen to RM14.82. Gainers, Hengyuan and Petron both surged 59 sen and 30 sen each to RM8.98 and RM11.96, respectively, as oil prices surged to its highest level since July 2015 on supply tightening measures following anti-corruption crackdown in Saudi Arabia. Brent futures rose to US$62.90 per barrel. Among actives, Diversified Solutions rose two sen to 9.5 sen, Ekovest edged up half-a-sen to 98.5 sen, PUC and EA Holdings were flat 19.5 sen and 4.5 sen, respectively, while Trive Property eased 1.5 sen to 10 sen and UMW Oil & Gas fell one sen to 33 sen. -- BERNAMA