(RTTNews) - The Malaysia stock market on Friday halted the three-day winning streak in which it had gathered almost 30 points or 1.9 percent. The Kuala Lumpur Composite Index now rests just shy of the 1,595-point plateau although it's expected to bounce higher again on Monday.

The global forecast for the Asian markets is positive on better than expected employment data from the United States. The European and U.S. bourses were firmly higher Friday and the Asian markets are tipped to open in similar fashion.

The KLCI finished modestly lower on Friday as losses from the telecoms were tempered by support from the plantations and a mixed picture from the financial sector.

For the day, the index fell 4.64 points or 0.29 percent to finish at 1,593.34 after trading between 1,583.00 and 1,596.84. Volume was 2.8 billion shares worth 1.6 billion ringgit. There were 451 decliners and 353 gainers.

Among the actives, Hong Leong Bank surged 2.49 percent, Public Bank plummeted 2.46 percent, Hartalega Holdings soared 2.09 percent, IHH Healthcare plunged 1.40 percent, Malaysia Airports Holdings spiked 1.26 percent, Top Glove accelerated 1.15 percent, MISC tumbled 1.08 percent, Genting jumped 1.03 percent, Sime Darby climbed 0.88 percent, Press Metal skidded 0.84 percent, Genting Malaysia advanced 0.62 percent, RHB Capital added 0.52 percent, Digi.com dropped 0.43 percent, Dialog Group lost 0.29 percent, AMMB Holdings fell 0.25 percent, IOI Corporation gained 0.23 percent, CIMB Group collected 0.19 percent, Kuala Lumpur Kepong rose 0.18 percent, Tenaga Nasional was up 0.14 percent and Sime Darby Plantations, Maybank and Axiata were unchanged.

The lead from Wall Street is upbeat as stocks moved sharply higher on Friday in reaction to better than expected U.S. jobs data.

The Dow added 301.13 points or 1.11 percent to finish at 27,347.36, while the NADAQ jumped 94.04 points or 1.13 percent to 8,386.40 and the S&P 500 rose 29.35 points or 0.97 percent to 3,066.91. For the week, the Dow rose 1.4 percent, the NASDAQ gained 1.7 percent and the S&P added 1.5 percent.

The rally on Wall Street came as stronger than expected U.S. jobs data mitigated concerns about the economic outlook. The Labor Department said non-farm payroll employment added 128,000 jobs in October, beating forecasts for 89,000 jobs.

Renewed optimism about a U.S.-China trade deal added to the positive sentiment on reports that said negotiators have reached consensus on principles.

Crude oil prices rose sharply on Friday as buoyant U.S. jobs data and solid Chinese manufacturing data helped ease concerns about energy demand outlook. West Texas Intermediate Crude oil futures for December ended up $2.02 or 3.7 percent at $56.20 a barrel.

Closer to home, Malaysia will provide September figures for imports, exports and trade balance later today. In August, imports were worth 70.43 billion ringgit and exports were at 81.36 billion ringgit for a trade surplus of 10.92 billion ringgit.

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