Malaysia Bourse May Earn Back Friday’s Losses

The Malaysia stock market has alternated between positive and negative finishes through the last six trading days since the end of the two-day slide in which it had slipped more than 10 points or 0.6 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,540-point plateau although it’s expected to rebound again on Monday.

The global forecast for the Asian markets is upbeat, with support expected from the technology and oil companies. The European and U.S. markets were up and the Asian bourses figure to open in similar fashion.

The KLCI finished modestly lower on Friday following losses from the telecoms and financials, while the plantations were mixed.

For the day, the index dropped 13.42 points or 0.86 percent to finish at 1,538.02 after trading between 1,537.11 and 1,556.22.

Among the actives, Axiata and Maxis both slumped 1.08 percent, while Celcomdigi declined 1.15 percent, CIMB Group surrendered 1.86 percent, Genting tanked 2.10 percent, Genting Malaysia plunged 2.44 percent, IHH Healthcare eased 0.16 percent, IOI Corporation gained 0.50 percent, Kuala Lumpur Kepong retreated 1.61 percent, Maybank lost 0.84 percent, MISC sank 0.92 percent, MRDIY added 0.64 percent, Petronas Chemicals skidded 1.00 percent, PPB Group tumbled 1.80 percent, Press Metal lid 0.21 percent, Public Bank shed 0.91 percent, QL Resources rallied 2.07 percent, RHB Capital collected 0.18 percent, Sime Darby stumbled 1.11 percent, Sime Darby Plantations gathered 0.23 percent, Telekom Malaysia dropped 0.99 percent, Tenaga Nasional rose 0.36 percent, YTL Corporation plummeted 2.62 percent and YTL Power fell 0.76 percent.

The lead from Wall Street is positive as the major averages opened flat on Friday but accelerated as the day progressed, sending the NASDAQ and S&P to record closing highs.

The Dow advanced 90.98 points or 0.23 percent to finish at 39,087.38, while the NASDAQ jumped 183.04 points or 1.14 percent to close at 16,274.94 and the S&P 500 rallied 40.81 points or 0.80…