KLCI lifted by heavyweights Genting M'sia and Digi

KUALA LUMPUR: The local bourse moved higher on Monday morning along with regional markets as it appeared that last week's missile strikes against Syria would not escalate into further conflict with Russia.

At 12.30pm, the FBM KLCI rose 3.53 points to 1,872. Turnover was RM1.59bil with a value of 811.51 million shares.There were 460 decliners versus 326 gainers and 316 counters unchanged.

Leading the gainers on the benchmark index was Genting Malaysia, which rose 14 sen to RM5.22. Digi also lifted, rising eight sen to RM4.56 and Petronas Chemicals, which gained five sen to RM8.45.

Petronas Dagangan advanced 54 sen to RM26.02 while Telekom Malaysia rose 15 sen to RM5.57.

IHH Healthcare slipped two sen to RM6.10, Genting dropped two sen to RM8.94 and Tenaga Nasional slid two sen to RM15.90.

Public Bank also weighed down the market, dropping four sen to RM23.94 while RBH lost one sen to RM5.32 and Ambank slid one sen to RM3.99.

On the broader market, Dutch Lady advanced 78 sen to RM67.38, United Plantation gained 18 sen to RM28.48 and Supermax put on 13 sen to RM2.73.

Aeon Credit slid 18 sen to RM12.92, Carlsberg dropped 14 sen to RM19.36 and George Kent dropped 1 sen to RM4.10.

Oil prices eased on Monday as following the US-led air strikes on Syria. WTI crude dropped 58 cents to US$66.81 a barrel while Brent crude fell 73 cents to US$71.85 a barrel.

In currencies, the ringgit fell against major currencies. It slid 0.24% against the greenback to 3.8890, 0.05% against the pound sterling to 5.5447 and 0.12 against the Singapore dollar to 2.9615.