KUALA LUMPUR: The FBM KLCI closed higher on Monday, recovering losses from the sell-off triggered by Trump's Liberation Day announcement, as easing US-China trade tensions lifted investor sentiment.
The 30-stock index climbed 12.39 points, or 0.82%, to 1,521.59 — its highest level since the start of the month and its intraday peak. It had earlier hit an intraday low of 1,511.48.
There were 519 gainers, 420 losers and 436 counters traded unchanged on the Bursa Malaysia. About 2.62 billion shares, valued at RM1.74bil, changed hands.
Gainers on Bursa Malaysia included Dutch Lady
, which rose 48 sen to RM28, Nestle, which gained 38 sen to RM80.38, Malaysian Pacific Industries, which added 36 sen to RM17.80, and PETRONAS Gas, which climbed 34 sen to RM17.24.
Among the decliners, Ideal Capital fell 29 sen to RM3.71, F&N lost 26 sen to RM26.40, Arka declined 16 sen to RM1.19 and Can-One gave up 15 sen to RM2.05.
Among the banks, Maybank added 12 sen to RM9.99, Public Bank gained nine sen to RM4.37, CIMB traded unchanged at RM6.99, RHB Bank climbed 12 sen to RM6.64 and Hong Leong Bank rose eight sen to RM20.
On the forex market, the ringgit rose 0.19% against the greenback to 4.3652 but slipped 0.17% against the Singapore dollar to 3.3197.
Around the region, MSCI's Asia ex-Japan stock index was firmer by 0.38%.
Japan’s Nikkei 225 closed higher by 0.38%, Hong Kong’s Hang Seng Index ended lower by 0.04%, South Korea’s Kospi climbed 0.1% at the close and China’s CSI 300 Index declined 0.14% by the end of the session.
