Market higher on selective buying


KUALA LUMPUR: The local bourse ended firmer on Monday as mild profit-taking emerged among selective heavyweight, in line with the performance of its regional peers.

At 5pm, the FBM KLCI was nearly flat to close at 1,553.64 points, up 0.81 of a point, or 0.05%. The index hit an intraday high of 1,557.33 and low of 1,544.32.

There were 546 gainers against 480 losers while 476 counters unchanged. Trading volume stood at 4.24 billion units worth RM2.8bil.

Among the gainers, Dutch Lady surged RM1.60 to RM25.60, Ge-Shen gained 78 sen to RM3.99, YTL Power rose 24 sen to RM3.92 and Mega First Corp climbed 21 sen to RM4.24.

Telekom Malaysia slid 48 sen to RM6.02, Malaysian Pacific Industries lost 18 sen to RM29.42, Malaysia Airports shed 17 sen to RM9.23 and Country View fell 11 sen to RM1.15.

Among the banks, Maybank added four sen to RM9.75, Public Bank rose two sen to RM4.29, CIMB gained four sen to RM6.65 and RHB Bank climbed five sen to RM5.67.

AmBank declined one sen to RM4.09 and Hong Leong Bank closed unchanged at RM19.36.

Meanwhile, the ringgit was quoted at 4.7188, down 0.23% against the US dollar.

The local currency was down 0.18% against the euro at 5.1393. It fell 0.17% against the pound sterling at 6.0127 and fell 0.19% against the Singapore dollar at 3.5265.

Elsewhere in the region, Japan’s Nikkei 225 jumped 2.67%, Hong Kong’s Hang Seng Index gained 0.09%, South Korea’s Kospi closed up 0.71% and China’s CSI 300 index ended up 0.94%.

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

FBM KLCI , KLCI , Bursa Malaysia

   

Next In Business News

Gold gains on geopolitical turmoil; Fed, Trump's 2025 policies in focus
EPF ceases to be substantial shareholder in YTL Power after share disposal
World bank raises China's GDP forecast for 2024, 2025
Asian currencies struggle, stocks mostly lower amid Fed rate outlook concerns
Property sector showing signs of bottoming out
Bank Islam surpasses RM4bil green financing target, well ahead of 2025 goal
Lebtech secures RM10.8mil Selangor waterworks projects
Bursa Malaysia seeks feedback on depository rules for electronic CDS statements
Southern Cable wins RM172.57mil cable supply contract
Bursa Malaysia higher at midday, boosted by year-end window dressing

Others Also Read