Win Streak May End For Malaysia Stock Market

(RTTNews) - The Malaysia stock market has finished higher in back-to-back trading days, collecting more than a dozen points or 0.7 percent along the way. The Kuala Lumpur Composite Index now rests just above the 1,615-point plateau although it may run out of steam on Tuesday.

The global forecast for the Asian markets is soft on easing crude oil prices, with profit taking also expected ahead of the new year. The European and U.S. markets were down and the Asian bourses are tipped to open in similar fashion.

The KLCI finished modestly higher on Monday following gains from the financial shares and mixed performances from the plantations and industrials.

For the day, the index added 5.06 points or 0.31 percent to finish at 1,615.67 after trading between 1,608.76 and 1,617.43. Volume was 2.3 billion shares worth 1.6 billion ringgit. There were 460 gainers and 378 decliners.

Among the actives, PPB Group plummeted 2.33 percent, while Tenaga Nasional surged 2.11 percent, Petronas Gas plunged 1.97 percent, Sime Darby Plantations soared 1.83 percent, Maxis tumbled 1.28 percent, Maybank spiked 1.28 percent, Genting Malaysia accelerated 1.22 percent, Kuala Lumpur Kepong jumped 1.21 percent, Hartalega Holdings climbed 1.09 percent, Press Metal skidded 1.06 percent, IHH Healthcare dropped 1.04 percent, Sime Darby sank 0.87 percent, RHB Capital retreated 0.68 percent, Petronas Chemicals advanced 0.54 percent, AMMB Holdings declined 0.51 percent, Public Bank perked 0.50 percent, IOI Corporation shed 0.42 percent, Axiata lost 0.24 percent, fell 0.22 percent, Top Glove slid 0.21 percent, CIMB Group collected 0.19 percent, Genting eased 0.16 percent and Dialog Group, MISC and Hong Leong Bank were unchanged.
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