Malaysian share prices closed 0.49 percent higher on Monday due to foreign interest in selected blue chips such as Telekom Malaysia, dealers said. But dealers said investors turned cautious in late trading after news that the June industrial production index was down four percent month-on-month and crude oil price pushing towards the 63 dollars per barrel.
The Kuala Lumpur Composite Index was up 4.61 points to 948.02 and volume was 433.14 million shares, worth 693.74 million ringgit (185 million dollars) while losers outnumbered gainers 374 to 337.
At the close, the ringgit was at 3.75 against the US dollar and 4.63 against the euro.
A local brokerage dealer cautioned that the market would pay attention to the rising oil price since it would affect economic growth and corporate earnings.
Among blue chips, Tenaga Nasional and Malayan Banking were up 0.10 ringgit, at 11.30 and 11.50, respectively. Telekom Malaysia rose 0.30 to 11.20.
Guinness Anchor was up 0.15 at 5.85 ringgit, after the company posted a higher-than-expected net profit for the year to June.
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