Malaysian shares ended in the green territory on Friday, snapping the three-session losing streak. The investors turned optimistic despite the higher-than-expected inflation rate in October.
The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, gained 1.10 points to end 0.07% higher at 1,589.78. The day range was between 1,587.74 and 1,593.85.
In economic news, Malaysia's consumer price index rose 1.9% year on year in October, slightly quicker than the 1.8% rise in the preceding month, and above the market forecast of a 1.8% rise, the Department of Statistics Malaysia said.
Today's gains were led by metal stamping company BSL (KLSE:BSLCORP) with shares surging 50% on the week's close, followed by an over 33% rise in the shares of Metronic Global (KLSE:MTRONIC).
In corporate news, Supreme Consolidated Resources' (KLSE:SUPREME) shares will be suspended from trading on the LEAP Market of Bursa Securities on Monday. The company's entire issued shares will be delisted from the LEAP Market on Friday, Nov. 29 ,under the LEAP Listing Requirements
Meanwhile, Marine & General (KLSE:M&G) acquired the remaining 49% equity interest it does not already own in Jasamerin Energy Ventures.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。