KUALA LUMPUR: The FBM KLCI rose almost 1% today, its highest in over two months, buoyed by gains in plantation and telco stocks.
At 5pm, the benchmark index closed up 14.77 points, or 0.98% to 1,518.78, its intraday high and also the highest since June 8.
Market breadth was positive, as 469 advanced while 399 closed lower. The local bourse saw a total of 2.69 billion shares worth RM2.21bil traded.
All indices on Bursa Malaysia, apart from the Bursa Malaysia Real Estate Investment Trust (REIT) Index, closed higher.
Among the FBM KLCI component stocks, PETRONAS Dagangan jumped 76 sen to RM23.02, PPB Group rose 22 sen to RM26.96, Digi added 21 sen to RM3.86 and Telekom Malaysia climbed 20 sen to RM5.80.
Hong Leong Financial Group lost six sen to RM19.62, Hong Leong Bank declined four sen to RM20.76 and Sime Darby fell three sen to RM2.30.,
Hartalega, the most actively traded counter on Bursa Malaysia, shed nine sen to RM1.77 with 197.09 million shares done. In the past one month, the counter has fallen some 34%.
Top Glove climbed four sen to 83.5 sen with 143.96 million shares traded.
On the broader market, Batu Kawan rose 42 sen to RM23.90, Heineken gained 30 sen to RM25 and Berjaya Food added 29 sen to RM4.34.
Meanwhile, the ringgit was quoted at 4.4670, down 0.2% against the US dollar.
US light crude oil fell 45 cents to US$88.96 and Brent lost 84 cents to US$94.26 per barrel.
Elsewhere in the region, Japan’s Nikkei 225 closed flat, Hong Kong’s Hang Seng Index fell 1.05%, South Korea’s Kospi closed up 0.22% and Singapore’s Straits Times Index eased 0.09%.