KUALA LUMPUR: The FBM KLCI closed higher on Monday in sync with regional markets, supported by continuous buying in selected heavyweights.
The benchmark index closed up 1.42 points, or 0.1% to 1,438.12 after hitting an intraday high of 1,441.03.
Overall, 546 stocks on Bursa Malaysia advanced, 365 closed lower while 393 ended flat. Turnover was at 2.66 billion shares worth RM1.44bil.
Dealers said buying interest today’s was interspersed with profit-taking. They added that the performance of the local bourse was in line with its regional peers.
Malaysian Pacific Industries
was the top gainer on Bursa Malaysia, surging RM1.18 to RM29.18, followed by Nestle, which added 90 sen to RM133.50, Hengyuan, which gained 35 sen to RM4.87 and Hong Leong Bank, which rose 32 sen to RM20.48.
Heineken was the loser, falling 36 sen to RM23.92. United Plantations fell 20 sen to RM14.10, BAT lost 20 sen to RM10.80 and Tenaga shed 19 sen to RM8.
Green Packet, the most active stock, was unchanged at 6.5 sen with 220.12 million shares done, followed by Reach Energy which slid 0.5 sen to eight sen with 100.78 million shares traded.
On the external front, MSCI’s Asia ex-Japan stock index rose 1.77%
Japan’s Nikkei 225 closed up 1.43% at 26,871.27 while South Korea’s Kospi added 1.49%, at 2,401.92.
Hong Kong’s Hang Seng index rose 2.35% to 22,229.52.
China’s CSI300 index advanced 1.13% to 4,444.26 point, while the Shanghai Composite Index gained 0.9% to 3,379.19 points.
