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The FBM KLCI index gained 8.46 points or 0.47% on Monday. The Finance Index increased 0.30% to 16128.35 points, the Properties Index up 0.06% to 1311.71 points and the Plantation Index down 0.52% to 7743.63 points. The market traded within a range of 10.74 points between an intra-day high of 1825.76 and a low of 1815.02 during the session.
Actively traded stocks include PRIVA, INGENCO, DGB, BJCORP, SCN, WINTONI, PLABS, MPAY, GENETEC and CONNECT. Trading volume increased to 1922.61 mil shares worth RM1709.00 mil as compared to Friday’s 1644.66 mil shares worth RM1820.37 mil.
Leading Movers were ASTRO (+9 sen to RM3.19), DIGI (+14 sen to RM6.33), PETCHEM (+12 sen to RM5.60), TM (+15 sen to RM7.31) and CIMB (+7 sen to RM6.21). Lagging Movers were KLK (-44 sen to RM22.42), SKPETRO (-4 sen to RM2.33), HLFG (-22 sen to RM16.68), RHBCAP (-9 sen to RM7.84) and AMMB (-4 sen to RM6.30). Market breadth was positive with 400 gainers as compared to 383 losers.
The KLCI started the week on a positive note, closing higher at 1821.83 points. The performance of our benchmark index was in line with gains in US market on last Friday after Federal Reserve Chair Janet Yellen said that U.S. interest rates would probably be raised later this year but the pace of tightening would be gradual.
MALAYSIAN shares ended higher on Monday with the Kuala Lumpur Composite Index adding 8.46 points to close at 1,821.83.
Some 1.92 billion lots, valued at RM1.71 billion were traded. Gainers numbered 400 while losers numbered 383.
U.S. stock funds have seen $44 billion in outflows in the year-to-date for their worst start to a year since 2009, said Bank of America Merrill Lynch strategists in a note Thursday. Meanwhile, European equity funds have enjoyed $46.6 billion in inflows so far in 2015, as the table below shows.
These flows come as the S&P 500 SPX, +0.24% is down 0.1% for the year, as of midday Friday.
The dollar was slightly higher against the yen and the euro in Asian trade Monday, with many market participants avoiding taking strong positions ahead of key data including U.S. labor figures out later this week.
The dollar USDJPY, +0.47% was at ¥119.24, compared with ¥119.11 late Friday in New York. The euro EURUSD, -0.28% was at $1.0862 from $1.0891.
The euro EURJPY, +0.17% was at ¥129.62 from ¥129.86.
The WSJ Dollar Index BUXX, +0.30% a measure of the dollar against a basket of major currencies, was up 0.12% at 87.19.
May copper HGK5, +0.16% added a penny to $2.78 a pound. April platinum PLJ5, -1.22% fell $12.40, or 1%, to $1,131.20 an ounce.
June palladium PAM5, +0.40% rose 1 cent to $742.45 an ounce, after losing around 4.9% last week.
