Bursa Malaysia closed slightly higher on Monday, marking the end of a three-day losing streak as regional market gains and strategic investments in heavyweight stocks provided support. The benchmark FTSE Bursa Malaysia KLCI climbed 1.38 points, or 0.08%, to settle at 1,666.94, after peaking at 1,674.74 during the trading session before investors started to lock in profits.
Refining and renewable energy sectors were among the top performers, with notable increases in stock values. Hengyuan Refining Company saw its shares rise by RM1 to RM4.34, while Petron Malaysia Refining & Marketing added 33 sen to reach RM3.79. In the renewable sector, Samaiden Group’s shares increased by 43 sen to RM2.38. Solarvest Holdings and Pekat Group also reported gains, with their stocks advancing 36 sen to RM3.69 and 15 sen to RM2.26, respectively.
The Malaysian ringgit strengthened against the US dollar, appreciating by 0.13% to 4.0765. In contrast, Brent crude oil prices fell by 2.04%, settling at US$101.75 per barrel, as fears over supply disruptions began to subside.
Elsewhere in Asia, stock markets showed positive momentum, mirroring the upward trend seen in Malaysia. Japan’s Nikkei 225, South Korea’s Kospi, Hong Kong’s Hang Seng, and major Chinese indices all closed with gains, reflecting a broader regional uptick in investor sentiment.
