The Star-Business Online - Stronger GDP data supports KLCI

KUALA LUMPUR: Malaysia's key FBM KLCI ended Friday higher, supported by gains in BAT, Genting Malaysia and Maybank as investor sentiment perked up on stronger economic data in the second quarter.

At 5pm, the FBM KLCI was up 2.73 points to 1,864.31. Turnover was 3.41 billion shares valued at RM2.34bil. Losers beat gainers 439 to 407 while 336 counters unchanged.

Bank Negara Malaysia announced the economy expanded at a faster pace of 6.4% in the second quarter, underpinned by strong growth in the services and manufacturing sectors. The growth exceeded forecasts of 5.8%.

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1. Stronger GDP data supports KLCI