(RTTNews) – The Malaysia stock market has finished higher in two straight sessions, gathering more than a dozen points or 0.8 percent along the way. The Kuala Lumpur Composite Index now rests just beneath the 1,510-point plateau and it’s looking at another green light again on Monday.
The global forecast for the Asian markets is upbeat, with technology stocks expected to lead the markets higher amidst bargain hunting. The European markets were mixed and the U.S. bourses were sharply higher and the Asian markets figure to follow the latter lead.
The KLCI finished modestly higher on Friday as more huge gains from the rubber glove makers were capped by weakness from the plantations and telecoms, while the financials were mixed.
For the day, the index gained 8.34 points or 0.56 percent to finish at 1,509.14 after trading between 1,505.05 and 1,516.00. Volume was 5.172 billion shares worth 3.959 billion ringgit.