Malaysian share prices closed 0.64 percent higher in mixed trade on Friday after a last minute rush to buy blue chips and other index-linked stocks, dealers said. Before the late surge, concern over high oil prices and inflation worries had dampened sentiment for most of the day, they said.
The Kuala Lumpur Composite Index rose 5.70 points to 894.02 and volume was 354.43 million shares worth 464.68 million ringgit (122.28 million dollars) while gainers outnumbered losers 363 to 309.
"There was no major excitement in the market except for the last minute buying," a local brokerage dealer said. "Investors are keeping a wary eye on the oil market and the likelihood of another round of petrol price increases in the country," he added.
He said investors will be watching gross domestic product figures after Prime Minister Abdullah Ahmad Badawi said the government may have to review Malaysia's growth forecast in view of soaring oil prices.
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