Bursa Malaysia rises on strong buying in index stocks


KUALA LUMPUR: Bursa Malaysia closed higher on Monday, supported by continued buying in index-linked counters, led by Tenaga Nasional and PETRONAS Gas, alongside gains in regional markets.

The FBM KLCI rose 5.62 points, or 0.36%, to 1,572.34, slightly below its intraday high of 1,575.11. All indices on Bursa Malaysia ended higher, except for the Bursa Malaysia Financial Services Index.

There were 628 gainers, 397 losers and 473 counters traded unchanged on the Bursa Malaysia. About 2.95 billion shares, valued at RM2.45bil, changed hands.

Dealers noted that the local bourse remains under pressure, with foreign fund selling continuing to pose risks of quick profit-taking.

The outflow of foreign funds from Bursa Malaysia reached a significant net value of RM1.33bil last week, marking the second-highest outflow recorded since April 2024.

Dealers added that attention is focused on Donald Trump's inauguration, as markets will closely monitor his speech for any immediate tariff announcements.

Malaysian Pacific Industries was the top gainer, rising 58 sen to RM23.86. It was followed by F&N, which added 48 sen to RM26.40, Guan Chong, which climbed 26 sen to RM4.32, and Tenaga Nasional, which added 18 sen to RM13.78.

Nestle slid 40 sen to RM91.62, PIE Industrial fell 30 sen to RM5.33, Allianz lost 24 sen to RM19.72 and Kuala Lumpur Kepong declined 20 sen to RM20.40.

Meanwhile, the ringgit was quoted at 4.4937, up 0.28% against the US dollar.

US West Texas Intermediate crude fell 35 cents to US$77.61 and Brent lost 33 cents to US$80.46 per barrel.

Asian benchmarks ended mostly higher, with Japan’s Nikkei 225 rising 1.17% and Hong Kong’s Hang Seng adding 1.75%.

China’s CSI 300 Index gained 0.45%, while the Shanghai Composite Index rose 0.34%.

However, South Korea’s Kospi closed lower, down 0.14%.

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FBM KLCI , KLCI , Bursa Malaysia

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