KUALA LUMPUR: Petronas related counters, RHB Capital and Telekom Malaysia were among the major gainers in early Monday trade, sending the FBM KLCI up nearly six points.
At 9.58am, the KLCI was up 5.55 points or 0.31% to 1,809.20. Turnover was 495.57 million shares valued at RM256.50mil. There were 283 gainers, 185 losers and 214 counters unchanged.
BIMB Equities Research expects the local market to see an upward trend as foreign funds shall remain in this region following US Fed’s interest rate decision.
It said the KLCI’s immediate resistance was at 1,810.
Petronas Chemicals rose 20 sen to RM5.32 and Petronas Dagangan 18 sen to RM15.16.
RHB Capital gained 20 sen to RM8.02. TM added 16 sen to RM7.18.
Among the plantations, United Plantations gained 86 sen to RM26.46 while PPB Group added 18 sen to RM15.16. However, TSH lost nine sen to RM2.29 and Kulim eight sen down at RM2.87.
Hunza Properties gained 23 sen to RM2.33 following a takeover offer at RM2.50 a share by its major shareholder.
Opcom surged 28.5 sen to RM1.23.
Tenaga fell 12 sen to RM14.48 and Public Bank 10 sen to RM18.50.
Among the glove makers, Hartalega shed 13 sen to RM8.05 and Kossan nine sen lower at RM5.60.