KUALA LUMPUR: The FBM KLCI climbed to a four-year high on Monday, while the ringgit continued to strengthen below 4.40, driven by strong second-quarter (2Q) GDP and trade data.
KUALA LUMPUR: The FBM KLCI climbed to a four-year high on Monday, while the ringgit continued to strengthen below 4.40, driven by strong second-quarter GDP and trade data.
Gainers thumped losers at 606 to 546 while 463 counters were unchanged. Turnover stood at 3.9 billion securities worth RM4.3bil. They also noted that the positive global equity markets are expected to boost Malaysian stocks, helping them maintain their near-term gains.Public Bank contributed the most to the index gain and had the largest move, increasing 5.83%. The bank rose 25 sen to RM4.54 with 130.69 million shares traded. It contributed 7.1350 points to the index.
Gainers on Bursa Malaysia include Hong Leong Financial Group, up 60 sen to RM17.84; Hong Leong Bank, rising 54 sen to RM20.10; Maybank, increasing 34 sen to RM10.60; and CIMB, advancing 31 sen to RM7.97.tumbled 72 sen to RM31.12, Nestle fell 50 sen to RM105.10, Heineken slid 20 sen to RM23.08 and Malaysian Airports declined 18 sen to RM10.04.
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