KUALA LUMPUR: Blue chips managed to recoup their earlier losses on Monday, underpinned by gains in Petronas Gas, Tenaga Nasional and Genting Bhd , enabling the FBM KLCI to close at the highest since March 25.At 5pm, the KLCI was up 4.55 points or 0.28% to 1,655.31 and it is down 2.09% year-to-date, the only key Asian market in the red. Turnover was 1.60 billion shares valued at RM1.55bil.However, decliners beat advancers 577 to 266 and 355 counters were unchanged, indicating the overall broader market was weaker.Aiding market sentiment was the better-than-expected April export data. MAHB ended 36 sen higher at RM7.70 while Genting M edged up two sen to RM3.16 but Sime Darby shed two sen to RM2.30.Crude palm oil for third month delivery fell RM30 to RM2,039. United Plantations gained 70 sen to RM26.60 with 900 shares done. It rose 0.2% to the US$ at 4.1815 but lost 0.02% to the pound at 5.2879 and lost 0.08% to the euro at 4.6756 and surrended 0.29% to the Singapore dollar at 3.0508.

Source: The Star June 03, 2019 10:01 UTC