Investing.com – Malaysia stocks were higher after the close on Wednesday, as gains in the Construction, Mining and Industrials sectors led shares higher.
At the close in Kuala Lumpur, the FTSE Malaysia KLCI rose 1.61% to hit a new 1-month high.
The best performers of the session on the FTSE Malaysia KLCI were KLCC Property Holdings Bhd (KL:KLCC), which rose 0.57% or 0.04 points to trade at 7.05 at the close. Meanwhile, Bumiputra - Commerce Holdings Bhd (KL:CIMB) added 6.75% or 0.31 points to end at 4.90 and Petronas Dagangan Bhd (KL:PETR) was up 3.40% or 0.76 points to 23.12 in late trade.
The worst performers of the session were Axiata Group Bhd (KL:AXIA), which rose 1.00% or 0.06 points to trade at 6.00 at the close. DiGi.Com Bhd (KL:DSOM) added 0.18% or 0.01 points to end at 5.70 and IOI Corporation Bhd (KL:IOIB) was up 1.90% or 0.08 points to 4.30.
Rising stocks outnumbered declining ones on the Kuala Lumpur Stock Exchange by 419 to 150 and 34 ended unchanged.
Shares in Petronas Dagangan Bhd (KL:PETR) rose to 52-week highs; gaining 3.40% or 0.76 to 23.12.
Crude oil for November delivery was up 1.73% or 0.84 to $49.37 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November rose 1.43% or 0.74 to hit $52.66 a barrel, while the December Gold contract rose 0.13% or 1.50 to trade at $1147.90 a troy ounce.
SGD/MYR was down 2.49% to 2.9624, while USD/MYR fell 2.85% to 4.1880.
The US Dollar Index was up 0.16% at 95.68.