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Bursa Malaysia Climbs to 1,635 as Financial Counters Lead Early Trade

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Bursa Malaysia Climbs to 1,635 as Financial Counters Lead Early Trade

Bursa Malaysia opened higher on Monday as the benchmark FTSE Bursa Malaysia KLCI gained 5.01 points to reach 1,635.88 within the first ten minutes of trade.

The 0.31 per cent advance built on the previous Friday’s close of 1,630.87, aided by softer United States payroll figures that dampened expectations of immediate monetary tightening by the Federal Reserve.

Trading across the Kuala Lumpur exchange showed broad participation in the opening hour. Advancing stocks outnumbered decliners 224 to 158, while 337 counters remained unchanged, 2,054 went untraded and 24 faced suspension.

Lenders provided the primary push for the index. Malayan Banking, Public Bank, and CIMB each climbed four sen to RM10.06, RM4.70, and RM7.69 respectively, driving the Financial Services Index up 97.59 points to 19,138.10.

Utility giant Tenaga Nasional also added four sen to trade at RM13.00. Energy stocks followed suit, pushing the sector index up 2.57 points to 835.60, while the Plantation Index gained 2.23 points to 9,058.78.

Healthcare provider IHH Healthcare moved against the upward trend, shedding six sen to RM7.74.

Total market turnover reached 206.30 million shares valued at RM98.78 million during early exchanges. Technology and manufacturing counters saw heavy volumes among retail and institutional accounts.

VS Industry gained three sen to 32 sen, while Notion VTec added four sen to 74.5 sen. GB Bond rose half a sen to 23.5 sen, SFP Tech picked up one sen to 28.5 sen, and Dagang NeXchange traded unchanged at 51.5 sen.

Renewable energy and industrial engineering names led percentage gains. 25.



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