KUALA LUMPUR, July 6 (Bernama) -- Bursa Malaysia ended higher on Monday, supported by renewed buying interest in banking and plantation counters. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.48 points, or 0.27 per cent, to 1,683.53 from Friday’s close of 1,679.05. The benchmark index opened 3.35 points higher at 1,682.40 and moved between 1,678.37 and 1,685.49 throughout the session. The market breadth was negative, with losers outpacing gainers 620 to 403, while 545 counters were unchanged, 1,082 untraded, and 10 suspended. Turnover decreased to 2.68 billion units valued at RM1.69 billion from 2.79 billion units valued at RM1.93 billion last Friday.
KUALA LUMPUR, July 6 (Bernama) -- Bursa Malaysia ended higher on Monday, supported by renewed buying interest in banking and plantation counters.
At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.48 points, or 0.27 per cent, to 1,683.53 from Friday’s close of 1,679.05.
The benchmark index opened 3.35 points higher at 1,682.40 and moved between 1,678.37 and 1,685.49 throughout the session.
The market breadth was negative, with losers outpacing gainers 620 to 403, while 545 counters were unchanged, 1,082 untraded, and 10 suspended.
Turnover decreased to 2.68 billion units valued at RM1.69 billion from 2.79 billion units valued at RM1.93 billion last Friday.
Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said domestic sentiment turned slightly more positive following the easing of geopolitical tensions and the decline in crude oil prices, which could help alleviate inflationary pressures and support the broader economic outlook.
“The recent rebound also suggests that bargain-hunting interest remains intact, particularly in fundamentally sound blue-chip stocks,” he told Bernama.
Among the heavyweights, Maybank put on 14 sen to RM10.94, Public Bank and Tenaga Nasional gained two sen each to RM4.91 and RM14.30, respectively, CIMB Group rose one sen to RM7.61, IHH Healthcare jumped 18 sen to RM8.33, and SD Guthrie increased 11 sen to RM6.15.
On the most active list, HHRG ticked up one sen to nine sen, ECKEM Holdings gained 1.5 sen to 13.5 sen, Tanco perked up one sen to 18.5 sen, while Silver Ridge slipped 2.5 sen to 18.5 sen, and Zetrix AI slid three sen to 76 sen.
As for the top gainers, United Plantations garnered 38 sen to RM33.50, Petronas Dagangan added 28 sen to RM19.54, Bintulu Port soared 21 sen to RM5.56, Hong Leong Financial climbed 18 sen to RM18.68, and Hong Leong Industries increased 14 sen to RM18.82.
For top decliners, Malaysian Pacific Industries dipped RM1.96 to RM45.82, Batu Kawan declined 46 sen to RM21.18, Nestle shed 44 sen to RM90.76, Kelington Group lost 20 sen to RM7.80, and Panasonic Manufacturing erased 19 sen to RM5.70.
Source: Bernama
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