FBM KLCI out of losing streak, up 9.65 points

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KUALA LUMPUR: Bursa Malaysia snapped its three straight sessions of loss on Monday as full lockdown fears ease.

Over the weekend, the Government announced a tighter Movement Control Order 3.0 starting tomorrow, rather than a total lockdown that was widely speculated earlier.

At closing, the benchmark FBM KLCI added 9.65 points, or 0.62% to 1,571.82. The index opened 1.61 points higher at 1,563.78 this morning.

In the broader market, gainers thumped losers 902 to 283 while 331 counters unchanged. About 6.75 billion shares, valued at RM3.47bil, changed hands.

Among the KLCI-component stocks, there were 22 gainers while four counters declined.

Petronas Gas rose 24 sen to RM15.86, PPB Group added 18 sen to RM18.68, MISC climbed 15 sen to RM18.68 and Telekom Malaysia advanced 12 sen to RM5.85.

Supermax lost 14 sen to RM4.49, Hartalega shed 10 sen to RM9.48, Top Glove declined five sen to RM5.26 and IHH Healthcare fell three sen to RM5.17.

Among the banks, Maybank added 10 sen to RM8.34, CIMB rose four sen to RM4.20, Public Bank climbed one sen to RM4.16 and RHB Bank advanced five sen to RM5.22.

On the broader market, MPI surged RM1.80 to RM37.16, UWC added 53 sen to RM5.48 and Choo Bee rose 49 sen to RM2.13.

Meanwhile, the ringgit was quoted at 4.1398, appreciating 0.02% against the US dollar.

Reuters reported that oil prices rose on Monday as a potential snag emerged in reviving the 2015 Iran nuclear deal that could add more oil supply

Brent crude oil was last traded at US$67.36, up 92 cents while US West Texas Intermediate rose 83 cents to US$64.41.

Elsewhere in the region, Hong Kong’s Hang Seng index fell 0.2%, to 28,412.26.

Japan’s Nikkei 225 edged up 0.17% to close at 28,364.61, while South Korea’s Kospi closed down 12.12 points, or 0.38%, at 3,144.30.

China’s CSI300 index rose 0.4%, to 5,155.59, while the Shanghai Composite Index firmed 0.3% to 3,497.28.



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