The market was propped up by local institutions which were net buyers at RM62.09mil while local retailers were net sellers at -RM15.59 and foreign funds net sellers at -RM46.5mil.
Sterling soared 2% against the US dollar on Monday, putting it on track for its biggest one-day gain for more than seven years, as worries eased over the Brexit.
The ringgit closed lower against the stronger pound to 5.9523 from the previous close of 5.8632 last Friday. It also weakened against the euro to 4.6105 from 4.6094.
However, it firmed up against the US dollar to 4.0625 deom 4.1007 and was stronger against the Singapore dollar at 3.0269 from 3.0372.
At Bursa Malaysia, Maybank rose 11 sen to RM8.20 and added 1.88 points to the KLCI while CIMB ended up eight sen to RM4.32 and adding 1.19 points. AmBank added four sen to RM4.40, Public Bank two sen to RM19.16 but HLFG fell four sen to RM14.16 and Hong Leong Bank lost 12 sen to RM13.24.
Oil rallied on Monday, lifted by a wave of investor confidence and a weaker dollar after polls showed a diminishing chance that Britain may vote to leave the European Union later this week.
August Brent crude futures were up 90 cents at US$50.07 while US light crude for July delivery, which expires on Tuesday, was up 80 cents at US$48.78 a barrel.
Petronas Gas rose 30 sen to RM21.74, Petronas Dagangan siox sen to RM23.38 and Petronas Chemicals five sen to RM6.40. SapuraKencana lost three sen to RM1.38 while Bumi Armada
was uchanged at 70 sen.
IHH rose nne sen to RM6.49 and added 1.26 points to the KLCI, KLCC jumed 21 sen to RM7.59, Genting Bhd nine sen to RM8.15 and Tenaga two sen to RM14.
As for telcos, Axiata rose six sen to RM5.58, Maxis five sen to RM5.73 and Digi three sen to RM4.68 while Telekom edged up one sen to RM6.76.
Crude palm oil for third-month delivery fell RM39 to RM2,411 per tonne. However, FGV rose seven sen to RM1.59 and the call warrants 0.5 sen to 9.5 sen. United Plantations fell 28 sen to RM27, Sime Darby two sen lower at RM7.49 but PPB Group added two sen to RMRM16.30, and IOI Corp six sen to RM4.37.
Asia Media rose one sen to 11.5 sen with 47.74 million shares done, but off the intra-day high of 14.5 sen after Bursa Securities issued an unusual market activity.
Kawan was the top loser, down 32 sen to RM17.80., PIE and MAHB were down 16 sen each to RM12.70 and RM6.35.
Among the key regional markets,
Japan’s Nikkei 225 jumped 2.34% to 15,965.30;
Hong Kong’s Hang Seng Index rose 1.69% to 20,510.20;
CSI 300 rose 0.07% to 3,112.67;
Shanghai’s Composite Index up 0.13% to 2,888.81;
Shenzhen Composite rose 0.44% to 1,909.12;
Hang Seng China Enterprise rose 1.81% to 8,639.51;
Taiwan’s Taiex gained 0.68% to 8,625.91;
South Korea’s Kospi advanced 1.42% to 1,981.12 and
Singapore’s Straits Times Index added 1.36% to 2,800.87.
Spot gold fell US$15.23 to US$1,283.42.
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