KUALA LUMPUR: Positive March trade data and encouraging news from Axiata provided some relief to the market on Friday, increasing investors' risk appetite as the FBM KLCI reversed out of it early losses.At 5pm, the KLCI was up 5.06 point or 0.31% to 1,637.30. Turnover was 2.82 billion shares valued at RM2.11bil. The move will help to improve Malaysia’s CPO export competitiveness to clear the nation's current high stock level, CIMB Equities Research said.PPB Group climbed 10 sen to RM18.80, Sime Plantation, IOI Corp and KL Kepong were unchanged at RM5.08, RM4.46 and RM24.70 respectively. United Plantations rose 40 sen to RM26.60 and BLD Plantation 29 sen to RM6.96 with 100 shares done.US light crude oil fell 28 cents to US$61.53 and Brent fell 48 cents to US$70.27. YTL Corp added one sen to RM1.19.YTL Corp subsidiary YTL Cement’s offer to acquire LafargeHolcim Ltd’s 51% stake in Lafarge Malaysia for RM1.6bil cash (RM3.75 a share) is strategically positive but poses immediate earnings dilution, CIMB Equities Research says.

Source: The Star May 03, 2019 10:07 UTC