Bursa Malaysia’s benchmark index closed slightly higher on Monday, halting a three-day losing streak as it benefited from positive trends in regional markets and strategic buying in certain heavyweight stocks. The FTSE Bursa Malaysia KLCI rose by 1.38 points, or 0.08%, reaching 1,666.94 after peaking at 1,674.74 during the trading session before profit-taking pared gains.
Investor interest was notably strong in the refining and renewable energy sectors. Hengyuan Refining Company saw a substantial increase, with its shares climbing RM1 to settle at RM4.34. Petron Malaysia Refining also experienced a significant uptick, gaining 33 sen to close at RM3.79. Within the renewable energy space, Samaiden Group advanced 43 sen to RM2.38, Solarvest Holdings added 36 sen to RM3.69, and Pekat Group rose 15 sen to RM2.26.
On the currency front, the ringgit appreciated by 0.13% against the US dollar, trading at 4.0765. In the commodities market, Brent crude oil prices declined by 2.04%, settling at US$101.75 per barrel, as concerns over potential supply disruptions started to ease.
Regional markets mirrored the positive performance seen in Malaysia, with key indices in Japan, South Korea, Hong Kong, and China also recording gains. Japan’s Nikkei 225, South Korea’s Kospi, and Hong Kong’s Hang Seng were among those that closed higher, signaling broader regional optimism.