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%.

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FBM KLCI , Bursa Malaysia , KLCI

   

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