Last-minute buying interest pushes FBM KLCI up

KUALA LUMPUR: Last minute buying interest pushed the FBM KLCI higher on Monday, in line with the performance of its regional peers.

The 30-stock index closed up 4.42 points, or 0.31% to 1,446.39, its intraday high after moving between 1,446.39 and 1,440.40.

All indices on Bursa Malaysia, apart from the Bursa Malaysia Energy and transportation & logistics were down.

On the broader market, gainers outnumbered losers by 483 to 397 while 463 counters unchanged. Trading volume stood at 3.82 billion units worth RM2.5bil.

Dealers said buying interest today’s was interspersed with profit-taking.

In today’s session, 20 of the KLCI-component stocks closed higher while six counters ended lower.

Among the losers, Nestle jumped RM1.20 to RM118.70, United Plantations rose 40 sen to RM16.90, PPB gained 32 sen to RM14.50 and Malaysian Pacific Industries added 28 sen to RM27.

F&N, the top loser on Bursa Malaysia, tumbled RM1.06 to RM27.20. Hextar Technologies fell 70 sen to RM21.80, Batu Kawan gave up 22 sen to RM20.28 and Imaspro slid 21 sen to RM4.55.

Meanwhile, the ringgit was quoted at 4.6827, down 0.39% against the US dollar.

The local currency was down 0.27% against the euro at 5.0408. It slid 0.39% against the pound sterling at 5.8800 and fell 0.02% against the Singapore dollar at 3.4840.

Elsewhere in the region, Japan’s Nikkei 225 added 1.5%, South Korea’s Kospi rose 0.3%, China’s Shanghai Composite Index gained 0.74% and Hong Kong’s Hang Seng Index closed down 0.81%.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

FBM KLCI , Bursa Malaysia , KLCI


Next In Business News

Nestle's FY23 net profit rises to RM659.87mil on higher sales
Malaysia in sweet spot for prolonged bull market
Titijaya appoints former KL mayor as chairman
Blue chips spur market rally
Puma sees softer first half as currency effects weigh
Malaysia's January PPI narrows to 0.6% - DoSM
Malaysia, Cambodia to convene joint trade committee - PM
Indonesia plans to double palm oil replanting subsidy to 60 mln rupiah per hectare
MISC's net profit slips to RM627.3mil in 4Q
Alibaba's South Asian e-commerce giant Daraz announces layoffs in memo

Others Also Read