Malaysian Blue-Chip Index Ends in Green Bucking Regional Jitters

MT Newswires Live
Yesterday

Malaysian shares closed slightly higher on Monday, with the FTSE Bursa Malaysia KLCI up 0.7% at 1,698.01 points, against the downbeat performance of regional peers amid escalating oil prices.

In local news, Malaysia's Petronas Carigali and Thailand's PTT (SET:PTT) have obtained government approvals for a new production-sharing contract which covers a major gas block in the Malaysia-Thailand Joint Development Area. The contract for Block A-18-01 was signed in Bangkok by the state energy company's stepdown subsidiary, PC JDA, which is a direct subsidiary of Petronas Carigali.

In corporate news, shares of Kelington (KLSE:KGB) gained about 2% on close after its subsidiary, Kelington Engineering (S), accepted a letter of award worth around $452 million for turnkey total facility tool-hookup services at a semiconductor plant in India.

Shares of Kluang Rubber Co. (Malaya) (KLSE:KLUANG) also gained about 2% on Monday's close after it recorded a fresh fruit bunch crop production of 975.88 metric tonnes in August.

Sungei Bagan Rubber Company (Malaya)'s (KLSE:SBAGAN) fresh fruit bunch production totaled 2,388.1 metric tonnes in August.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10