Wednesday, 28 September 2016

KLCI NEWS | KLCI gains 0.32% in line with regional markets

 Commodity Trading Malaysia_

KUALA LUMPUR (Sept 28): The FBM KLCI ascended at mid-morning today, in accordance with the additions at most territorial markets.

At 10.02am, the FBM KLCI rose 5.36 focuses to 1,670.08.

The top gainers included Teck Guan Perdana Bhd, Malaysian Pacific Industries Bhd, Ajinomoto (M) Bhd, British American Tobacco (M) Bhd, Scientex Bhd, Lay Hong Bhd, Atta Global Group Bhd, Superlon Holdings Bhd, CIMB Group Holdings Bhd, Petron Malaysia Refining and Marketing Bhd and George Kent (M) Bhd.

The actives included Sanichi Technology Bhd, Lion Corp Bhd, Asia Media Group Bhd, Red Sena Bhd, Tek Seng Holdings Bhd and Clig Energy Bhd.

The top washouts included Dutch Lady Milk Industries Bhd, Kuala Lumpur Kepong Bhd, United Plantations Bhd, Panasonic Malaysia Manufacturing Bhd, CSC Steel Holdings Bhd and Syarikat Takaful Malaysia Bhd.

Asian stocks edged up from the get-go Wednesday taking after an overnight ascent for U.S. stocks, while lessened trusts that a meeting of significant makers would decrease an oversupply weighed intensely on unrefined petroleum costs, as indicated by Reuters.

MSCI's broadest file of Asia-Pacific shares outside Japan rose 0.1 percent, it said.

Hong Leong IB Research said regardless of the Dow organizing a specialized bounce back overnight, Bursa Malaysia may experience instability ahead in the midst of debilitating oil costs.

"In any case, any pullback will be padded by potential 3Q16 window dressing exercises and pre-Budget rally combined with the availability of Bank Negara Malaysia to bolster monetary development through facilitating.

"Quick upside targets are 1678-1684 while bolsters fall on 1645-1656," it said.

Commodity Trading Malaysia

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