FBM KLCI up 0.4% Monday, but overall market was negative

The Malaysia stock market succumbed to moderate selling pressure during Monday morning.

However, gains on selected few stocks in the last half an hour helped it overcome the earlier slump though overall market breadth was negative.

The benchmark FBM KLCI added 4.36 points or 0.36% to 1,210.61 points, being the day’s highest range.

The KLCI opened 0.21 of a point lower at 1,206.06 points and moved to as low as 1,203.27 points during the day. This represented a trading band of 7.34 points. Market breadth was however negative with losers leading gainers 354 to 238.

There were 572 million shares valued at RM970 exchanging hands against 618 million worth RM872 million last Friday.

Of the 30 components of KLCI, 14 closed in the positive territory, 11 ended lower while the remaining five settled unchanged. Volume for the component stock was 83 million shares worth RM567 million.