FBM KLCI bounces back on interest in banks, telco

KUALA LUMPUR: The FBM KLCI finished in positive territory on Monday, led by gains in banking and telecommunication counters.

At 5pm, the benchmark index rose 1.84 points, or 0.12% to 1,499.39 after hitting an intraday high of 1,500.95.

Winners and losers were closely balanced, with 478 gainers against 472 losers and 395 closed flat. Activities were encouraging with 4.6 billion shares worth RM2.44bil changed hands.

Leading the mover on the index was PETRONAS Gas, jumping 60 sen to RM17.60, pushing the index up by 1.7184 points.

Hong Leong Bank rose 40 sen to RM21.20, contributing 1.2550 points to the index.

Maxis gained seven sen to RM4.06 and Digi added five sen to RM4.32.

CIMB and Maybank advanced four sen each to RM5.78 and RM8.78 respectively. Public Bank climbed one sen to RM4.26.

On the broader market, Kumpulan H & L High-Tech rose 15 sen to RM1.12, IQ Group gained 13 sen to RM1.15 and Focus Point added 13 sen to RM1.19.

Among the losers, F&N eased 54 sen to RM24.22, Rapid fell 54 sen to RM15.92 and Malaysian Pacific Industries lost 50 sen to RM33.90.

Elsewhere in the region, Japan’s Nikkei 225 rose 0.19%, Hong Kong’s Hang Seng Index fell 2.73%, South Korea’s Kospi lost 1.35% and China’s CSI 300 adde 0.47%.

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KLCI , FBM KLCI , Bursa Malaysia


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