Malaysia Shares May Again Challenge The 1,600-Point Mark

(RTTNews) - The Malaysia stock market has finished higher in three straight sessions, rising more than 15 points or 1 percent along the way. The Kuala Lumpur Composite Index now rests just above the 1,565-point plateau and it's tipped to open in the green again on Monday.

The global forecast for the Asian markets is positive thanks to solid economic data from the world's largest economies. The European and U.S. markets were up on Friday and the Asian bourses are expected to follow that lead.

The KLCI finished modestly higher on Friday following mixed performances from the financial shares, plantation stocks and telecoms.

For the day, the index gained 7.93 points or 0.50 percent to finish at the daily high of 1,595.81 after moving as low as 1,586.76.

Among the actives, Petronas Dagangan surged 5.97 percent, while Axiata soared 5.50 percent, Sime Darby spiked 1.80 percent, Maxis accelerated 1.79 percent, jumped 1.76 percent, Top Glove climbed 1.06 percent, AMMB Holdings gathered 1.03 percent, IHH Healthcare perked 0.90 percent, Dialog Group tumbled 0.88 percent, Malaysia Airports Holdings skidded 0.84 percent, Genting Malaysia advanced 0.60 percent, Press Metal plunged 0.58 percent, RHB Capital added 0.52 percent, IOI Corporation rose 0.43 percent, Petronas Chemicals dropped 0.42 percent, Kuala Lumpur Kepong shed 0.41 percent, MISC gained 0.37 percent, Public Bank collected 0.20 percent, CIMB Group lost 0.19 percent, Sime Darby Plantations increased 0.19 percent, Maybank was up 0.12 percent and Petronas Gas, Tenaga Nasional and Hong Leong Bank were unchanged.
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