Low-cost transporter AirAsia and MyEG Services ascended in exceptionally dynamic exchange early Tuesday, supported by the solid profit and corporate news while the FBM KCI chalked up about six focuses, following the firmer Wall Street and key Asian business sector.
At 9.46am, the KLCI was up 5.48 focuses or 0.33% to 1,687.08. Turnover was 266.70 million shares esteemed at RM209.49mil. There were 245 gainers, 206 failures and 238 counters unaltered.
Reuters reported Asian shares ricocheted on Tuesday as questions the Federal Reserve truly would trek rates when September undermined the dollar, while financial specialists kept on depending on more arrangement jolt somewhere else on the planet.
MSCI's broadest file of Asia-Pacific shares outside Japan included 0.4%, recovering around half of Monday's misfortune.
In the interim, Brent unrefined prospects were up six pennies at US$49.32 a barrel, while US rough added nine pennies to US$47.
Hong Leong Investment Bank Research repeated that the KLCI would stay in a combination mode unless it can recover over the 1,688 (10-day basic moving normal) definitively to resume its rally towards the 1,700 and 1,717 levels.
Concerning Tuesday, it said the KLCI may crawl up in the wake of an overnight rally in the DJIA. In any case, the "Hari Merdeka" occasion on Wednesday and the worry of higher likelihood of a second Fed rate trek in September may top any bounce back close to the 1,688 level, it said.
MyEG rose 10 sen to RM2.17 and its call warrants MyEG-CX added 1.5 sen to 9.5 sen. It proposed one-for-two reward issue of up to 1.202 billion shares of 10 sen each. Additionally its profit surged to RM142.97mil for FY finished June 30, 2016, from RM68.14mil in FY15.
AirAsia rose nine sen to RM3.08 and its call warrants C36 rose 1.5 sen to 21.5 sen. AAX added one sen to 39 sen.
AirAsia's net benefit for Q2, 2016 rose 40.8% on-year to RM342.12mil, supported fundamentally by a 40.2% hop in flying machine working lease salary and a 24% lessening in normal fuel cost to US$59 (RM236) per barrel from a year back.
Petronas Dagangan added 26 sen to RM23.42 and Petronas Gas picked up 14 sen to RM22.26.
With respect to estates, KL Kepong added 16 sen to RM23.68.
Buyer stocks were blended, with Dutch Lady up 64 sen to RM59.20 and BAT added 56 sen to RM50.32 yet F&N fell 30 sen to RM24.10, Carlsberg lost 14 sen to RM14.86, Apollo 12 sen to RM6 and Heneiken 10 sen lower at RM18.20.
Poultry organization Lay Hong fell the most, down 39 sen to RM9.36 while furniture producer Latitude lost 30 sen to RM4.80.
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