Malaysian share prices closed 0.24 percent higher Friday but trade was thin as many investors stayed on the sidelines ahead of the weekend, dealers said. The Kuala Lumpur Composite Index rose 2.13 points to 901.45, again breaching the 900-points psychological barrier. Volume was 463.89 million shares worth 741.50 million ringgit (195 million dollars), with 397 gainers against 308 losers. A local brokerage dealer said it was another dull day with investors reluctant to take positions amid the absence of fresh leads. Light bargain-hunting alternated with selling throughout the session, he said.
Among blue chips, power firm Tenaga Nasional shed 0.10 ringgit at 10.20 ringgit, Telekom Malaysia was flat at 10.30 ringgit but Maybank rose 0.20 ringgit at 12.30 ringgit. Astro All Asia Networks added 0.10 ringgit to 5.45 on its improved performance during its financial year to January.
Ceramic wares maker Goh Ban Huat lost 0.045 ringgit to 0.905 after a report that the Securities Commission would conduct an investigation into its 2004 financial results.
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