KLCI closed 10.87 points lower at 1,357.40. Rising stocks edged losers 383 to 357 with 261 counters flat. Turnover was 704.5 million shares valuing at RM 1.57 billion.
Muhibbah's net profit rose 108% to RM 70.2 mil, or 18.62 sen per share in FY 07. Trading of its shares were halted and will resume on Monday.
Many GLCs have started to make a come back and it seems that there will be a feel-good effect in the stock market next week.
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