Crude palm oil (CPO) and crude oil prices rebounded on Friday and gains in plantations and oil and gas (O&G) stocks underpinned the FBM KLCI but the ringgit fell against the major currencies.
At 12.30pm, the KLCI was up 1.19 points or 0.07% to 1,645.14. Turnover was 609.19 million shares valued at RM670mil. Losers beat gainers 447 to 201 while 287 counters were unchanged.
Crude oil prices jumped more than 5% on Friday after comments by an OPEC energy minister sparked hopes of a coordinated production cut, yet analysts said such a move remained unlikely and that oversupply would persist.
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At 12.30pm, the KLCI was up 1.19 points or 0.07% to 1,645.14. Turnover was 609.19 million shares valued at RM670mil. Losers beat gainers 447 to 201 while 287 counters were unchanged.
Crude oil prices jumped more than 5% on Friday after comments by an OPEC energy minister sparked hopes of a coordinated production cut, yet analysts said such a move remained unlikely and that oversupply would persist.
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