KUALA LUMPUR: The FBM KLCI closed at their highest in almost two weeks on Monday, as investors' risk appetite improved amid a regional rally.
At closing, the FBM-KLCI was 11.1 points higher at 1,429.54, its intraday high.
There were 517 gainers, 334 losers while 382 counters traded. Trading volume stood at 2.4 billion shares valued at RM1.28bil.
Major Asian markets closed higher despite the near certainty of a rate hike in Europe.
Japan’s Nikkei 225 closed up 0.54% to 26,788.47 and South Korea’s Kospi index advanced 1.9% to 2,375.25.
Singapore’s Straits Times Index added 0.73% to 3,121.76.,
China’s CSI300 index rose 1% to 4,292.59 while Hong Kong’s Hang Seng index rose 2.7% to 20,846.18.
On Bursa Malaysia, PETRONAS Dagangan jumped 90 sen to RM23.40, MPI gained 58 sen to RM28.60, PPB added 58 sen to RM16.38 and Kuala Lumpur Kepong rose 56 sen to RM21.32.
Panasonic Manufacturing fell 38 sen to RM25.70, F&N lost 34 sen to RM20.40 and Ajinomoto eased 28 sen to RM2.55.
ACE Market debutant, Ecoscience closed four sen lower at 26 sen with 66.79 million shares traded.
Meanwhile, the outflow of foreign investor funds moderated to a net sum of RM27.94mil last week against RM120.55mil in the week ended July 8.
According to MIDF, international funds have so far been net buyers for 17 out of the 28 weeks of 2022, with a total net inflow of RM5.94bil.