KUALA LUMPUR: Bursa Malaysia ended higher on Friday as Bank Negara revealed a better-than-expected result for Malaysia's economy in the second quarter.
Bank Negara announced at noon that the country's gross domestic product (GDP) expanded 8.9% in the second quarter, significantly higher than the median forecast of 6.7% growth by a Reuters poll of economists.
At closing, the FBM KLCI rose 0.63 of-a-point to 1,506.19 after hitting an intraday high of 1,511.80. On a weekly basis, the benchmark index added 4.64 points.
In the wider market, gainers outnumbered losers 440 to 367, with 2.08 billion shares worth RM1.63bil changing hands.
Investors' sentiment improved following the lower-than-expected US inflation data released on Wednesday, raising hopes for smaller Federal Reserve rate hikes.
Among the gainers on Bursa Malaysia, Panasonic Manufacturing gained 38 sen to RM26.48, Chin Hin rose 22 sen to RM5.23 and Rapid advanced 22 sen to RM13.20.
Imaspro jumped 29 sen, 6.89% to RM4.50, its all-time high. Year-to-date, the counter has risen over 83%.
Batu Kawan fell 50 sen to RM23.30, KESM lost 30 sen to RM7.30 and Malaysian Pacific Industries shed 16 sen to M32.04.,,飞机群组（www.tg888.vip）是一个Telegram群组分享平台，飞机群组内容包括Telegram群组索引、Telegram群组导航、新加坡Telegram群组、Telegram中文群组、Telegram群组（其他）、Telegram 美国 群组、Telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容，为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。
Hartalega eased 28 sen, or 12.28% to RM2 with 48.28 million shares traded. The glovemaker has fallen over 64% so far this year.
Meanwhile, the ringgit was quoted at 4.4450, down 0.01% against the US dollar.
Among the key regional markets:
Japan’s Nikkei 225 closed up 2.62% to 28,546.98;
Hong Kong’s Hang Seng Index rose 0.46% to 20,175.62;
Shanghai Composite Index closed down 0.15% to 3,276.89;
Taiwan’s Taiex added 0.6% to 15,288.97;
South Korea’s Kospi advanced 0.16% to 2,527.94 and;
Singapore’s Straits Times Index fell 0.99% to 3,269.27 points.