FBM KLCI ticks higher in line with region

KUALA LUMPUR: Bursa Malaysia closed higher on Monday, in line with the strong performance of regional bourses.

At closing, the FBM KLCI settled 3.84 points, or 0.27% higher at 1,442.12 after moving between 1,442.66 and 1,435.39.

Winners and losers were closely balanced, with 441 gainers against 438 losers and 380 ended flat. Turnover was 2.8 billion shares valued at RM1.65bil.

Dealers noted that the local bourse encountered some quick profit-taking activities during the day following the recent rally.

PPB jumped 46 sen to RM16.60, pushing the index higher by 0.9770 points while Maxis rose 10 sen to RM3.89, lifting the index by 1.1690 points.

Among the banks, Maybank added three sen to RM8.48, RHB Bank gained five sen to RM5.50, Public Bank fell one sen to RM4.35, CIMB eased two sen to RM5.37 while Hong Leong Bank closed flat at RM20.60.

On the broader market, Heineken jumped 50 sen to RM23.60, Rapid added 40 sen to RM15.28 and Carlsberg gained 32 sen to RM22.50.

Among the losers, PETRONAS Dagangan eased 40 sen to RM21.60, KESM fell 40 sen to RM7.10 and Hextar Technologies lost 32 sen to RM11.50.

Elsewhere in Asia, Japan’s Nikkei 225 index ended up 1.21% and Hong Kong’s Hang Seng Index rose 2.69%.

South Korea’s Kospi gained 0.99% while China’s CSI 300 closed up 0.22%.