#Market Close* KLCI up 0.3% ahead of Chinese New Year

  • Penang hotels full, florists overrun with orders for Karpal
    Penang hotels full, florists overrun with orders for Karpal

    GEORGE TOWN, April 20 — Some hotels here are reporting full occupancy as people flock to pay their last respects to the Tiger of Jelutong, Karpal Singh. Waterfall Hotel receptionist T. Kalpana,... …

  • Despite Karpal’s death, Anwar has five days left for sodomy appeal in apex court
    Despite Karpal’s death, Anwar has five days left for sodomy appeal in apex court

    The late Karpal Singh's funeral is today but his most famous client, Datuk Seri Anwar Ibrahim, has a more pressing matter at hand - to meet a deadline this Friday to appeal against his sodomy conviction by the Court of Appeal. The petition has to be filed in the Federal Court by April 25. Karpal, 73, died in a road accident on the... …

  • Karpal’s ‘angel’ Michael heads home to India
    Karpal’s ‘angel’ Michael heads home to India

    IPOH, April 20 —  ”Michael was nothing short of an angel”.  That is the poignant description given by Sangeet Kaur Deo about Michael Cornelius, the assistant to Karpal Singh. “From the day... …

  • In hour of grief, helping hands keep Karpal’s flame burning
    In hour of grief, helping hands keep Karpal’s flame burning

    GEORGE TOWN , April 20 — Since news first broke of Karpal Singh’s sudden death Thursday, a steady stream of volunteers have been turning up at the late Penang-born’s home at 144A, Jalan Utama here.... …

  • Umno MP admits to Facebook photos of Karpal in death
    Umno MP admits to Facebook photos of Karpal in death

    KUALA LUMPUR, April 19 — Under-fire Umno lawmaker Datuk Nawawi Ahmad admitted today to uploading photos of slain DAP leader, Karpal Singh on the Internet using his smartphone. The Langkawi MP... …

  • We love you, Tiger of Jelutong, grandchildren bid Karpal farewell
    We love you, Tiger of Jelutong, grandchildren bid Karpal farewell

    The late Bukit Gelugor MP Karpal Singh was given a moving tribute and farewell by his grandchildren tonight, who vowed to take up the mantle of Tiger of Jelutong. The 11 grandchildren, aged between 1½ years and 11, showed the media a poster which they had made together. "Singh is King. We love you, Tiger of Jelutong. We will miss you. Jangan... …

KUALA LUMPUR (Feb 8): The FBM KLCI ended the week higher, supported by news-driven counters and government-linked corporations, amid quiet trading ahead of a long 4-day break.

At 5pm market close, the key index rose 4.23 points or 0.3% to end at 1623.80 points.

Across the exchange, gainers led losers by 376 to 217, while 314 counters traded unchanged. Volume was 666.8 million shares valued at RM1.3 billion.

A senior dealer said the market was quiet today mainly because many proprietory day traders, who are also market makers, have left the market for Chinese New Year.

"Look at the top actives, their volumes were low and total value less than RM2 million. The day traders have left the market early," the dealer told .

Affin Investment bank vice president and head of retail research Dr Nazri Khan said following the bullish performance of the regional stocks and the sharp correction in the local stocks, he expects the local index to stage an “oversold rebound” with 1,630 as the immediate target.

“Better data out of China and USA of late have also contributed to the optimism about regional growth.

“We note that Asian shares were mostly higher after China posted stronger than expected trade data for the first month of the year,” he said.

Among the gainers on Bursa Malaysia, British American Tobacco added 60 sen to RM58.40, SP Setia jumped 16 sen to RM3.27, Hwang DBS gained 15 sen to RM3.80, Genting Plantations rose16 sen to RM8.46 and AEON Credit picked up 38 sen to RM11.

The decliners included Petronas Dagangan, PPB Group, Hong Leong Financial Group, Hartalega Holdings, IJM Land and KLCC Property Holdings.

Oil, copper and Asian shares rose on Friday after China's strong trade data set the scene for economic recovery, although investors opted to book profits before next week's Chinese New Year holidays, limiting gains, according to Reuters.

Japan's Nikkei stock average snapped a 12-week winning streak to close down 1.8% as investors took profits from the index's surge to its highest level since October 2008 on Wednesday. Japanese markets will be closed on Monday for a public holiday.

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  • Langkawi MP unrepentant, continues insults on late Karpal, says Facebook user The Malaysian Insider
    Langkawi MP unrepentant, continues insults on late Karpal, says Facebook user

    A Barisan Nasional MP whose Facebook posting poking fun at the death of Karpal Singh shocked Malaysians has again insulted the late DAP leader, this time comparing him to a hostile figure in Islamic history who fought against Prophet Muhammad. Facebook user Shamsul Kamal Ariffin Mohd Nasir, 42, told The Malaysian Insider that Langkawi MP,... …

  • Karpal’s car crashed into lorry, not the other way around, says Perak police The Malaysian Insider
    Karpal’s car crashed into lorry, not the other way around, says Perak police

    Initial investigations have revealed that Karpal Singh’s Toyota Alphard crashed into a five-ton lorry in the accident yesterday that claimed his life and that of his assistant, Perak police said today. State police chief Datuk Acryl Sani Abdullah Sani also dismissed rumours and speculation that the accident was caused by the lorry crashing... …

  • Interfaith group ‘worried’ that ex-judge can have such ‘racist’ views The Malay Mail Online
    Interfaith group ‘worried’ that ex-judge can have such ‘racist’ views

    KUALA LUMPUR, April 19 — An interfaith group expressed shock today at the “racist” views of a former high-ranking judge who had called the presence of large Hindu and Buddhist statues in the... …