KUALA LUMPUR (April 28): The FBM KLCI rose 1.62 points or 0.1% on Tenaga Nasional Bhd’s share price increase, after the KLCI-linked company reported better financials and declared a dividend.

At 12:30pm, the KLCI settled at 1,769.54 points. The index erased losses, after falling to its lowest so far today at 1,767.32 points.

Tenaga shares rose 12 sen to RM 13.98 to become Bursa Malaysia's seventh-largest gainer. The stock saw some 2.6 million shares traded.

Yesterday, Tenaga said net profit rose to RM1.48 billion in the second quarter ended Feb 28, 2017 (2QFY17), from RM1.32 billion a year earlier. First-half (1HFY17) net profit however fell to RM3.22 billion, from RM3.3 billion. 

The company proposed a dividend of 17 sen a share for the quarter in review.  

Across Bursa Malaysia today, gainers led decliners by 411 to 358 respectively. The total value of traded shares was RM1.13 billion, involving 1.53 billion units across the exchange.

Asian shares fell. Japan's Nikkei 225 fell 0.32%, while Hong Kong's Hang Seng was 0.37% lower.

Reuters reported Asian stocks slipped on Friday, as investors took profits after a strong week, while the Korean won weakened after U.S. President Donald Trump said he would renegotiate or terminate a trade deal with South Korea.

Trump's comments about the free-trade agreement "can be understood as a sign of (further) protectionism," Jung Sung-yoon, a foreign exchange analyst at Hyundai Futures, was quoted as saying.