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Malaysia: Stocks end 2.74 points lower

Malaysian stocks recorded their biggest advance in two years, led by a rally in state-controlled companies, after Prime Minister Najib Razak said the government will tap a fund to support the nation's equities.

Malaysian shares closed lower on Friday with the Kuala Lumpur Composite Index slipping 2.74 points to 1,574.67.

Some 1.78 billion lots, valued at RM2.12 billion were traded. Losers outnumbered gainers 470 to 330.