Saturday 26 March 2016

Malaysia at 1-week low; Vietnam rebounds

Malaysia's key stock index hit a more than one-week low, while the Thai benchmark fell for a second day on Friday as a strong US dollar dented sentiment in the region but Vietnam rebounded after a trade surplus in the first quarter of 2016.

Kuala Lumpur composite index ended the day down 0.68 per cent at the lowest close since March 17. It posted a weekly decline of 0.7 per cent after three straight weeks of increases.

Among top index losers, Sapurakencana Petroleum shed 4.5 per cent after the oil and gas services firm posted its first quarterly net loss in at least five years due to impairment from a slump in global oil prices.

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