KLCI posts 11th-hour gains, plantation, O&G shares rise

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KUALA LUMPUR (Sept 4): The FBM KLCI posted 11th-hour gains for a 4.34 points or 0.23% rise  at 1,869.21.

The last minute push in the index came on gains in plantation stocks like Kuala Lumpur Kepong Bhd (KLK) and PPB Group Bhd. Oil and gas entities such as Petronas Gas Bhd also rose.

The FBM KLCI had earlier fallen to a low of 1,860.27. A fund manager told theedgemalaysia.com that KLCI had fallen due to the lack of momentum from US and Asian markets.

"Since regional markets are trading on the downside, Malaysia is no exception to it," he said.

Bursa Malaysia saw 2.52 billion shares worth RM2.12 billion changed hands.

Losers led risers 430 to 390, while 352 counters were unchanged.

The most actively traded entities included Global Technology Solutions and Sumatec Resources Bhd.

The biggest gainer was KLK while the largest decliner was British America Tobacco

On the regional front, Japan's Nikkei 225 closed 0.33% down, Hong Kong's Hang Seng fell 0.08% while South Korea's KOSPI gained 0.25%.