KUALA LUMPUR: The FBM KLCI finished higher on Monday, amid a cautious market trend, in line with the performance of its regional peers.
At closing, the 30-stock index advanced 4.79 points, or 0.3% to 1,596.20. The market traded within a range of 9.33 points between an intra-day high of 1,601.90 and a low of 1,592.57 during the session.
On the broader market, losers outnumbered gainers by 545 to 390 while 565 counters unchanged. Trading volume stood at 2.4 billion units worth RM2.04bil.
Among the 30 FBM KLCI constituents, 16 stocks were higher; 10 were lower while four traded flat.
Among the FBM KLCI component stocks, PETRONAS Dagangan rose 18 sen to RM19.20, Maybank added 12 sen to RM10.08, Public Bank climbed six sen to RM4.52 and Hong Leong Bank jumped 34 sen to R20.34.
Laggards among the component stocks include Gamuda lost 17 sen to RM4.61, 99 Speedmart fell four sen to RM2.40 and Kuala Lumpur Kepong slid 20 sen to RM21.30.
On the broader market, Malaysian Pacific Industries
gained 54 sen to RM25.74, SAM Engineering rose 30 sen to RM4.47, while United Plantations fell RM1.60 to RM30.22 and Dutch Lady slid 30 sen to RM29.90.
Meanwhile, the ringgit, the region's top performer this year, ended a 10-session losing streak with a 0.4% gain.
The ringgit was quoted at 4.4900, rising 0.39% against the US dollar. It also gained 0.07% against the Singapore dollar, reaching 3.3128.
Elsewhere in the region, Japan’s Nikkei Stock Average fell 0.26%, South Korea’s Kospi rose 0.27%, China’s Shanghai Composite index was up 0.74% and Hong Kong’s Hang Seng Index closed down 0.13%.
In the region, Japan's Nikkei 225 closed up 1.19%, while South Korea’s Kospi rose 1.57%. Hong Kong’s Hang Seng Index added 0.82% while China’s CSI300 index climbed 0.15% and Shanghai Composite Index closed down 0.5%.
