Wednesday, 21 September 2016

Comex News | FGV, MyEG see heavy trading interest, KLCI steady

 Commodity Trading Recommendations

KUALA LUMPUR: Felda Global Ventures Holdings Bhd (FGV) and MyEG Services Bhd's shares and call warrants ascended in extremely dynamic, potentially prodded on by merchants, while the FBM KLCI's development was kept down by misfortunes in IHH Healthcare and Petronas Dagangan.

At 10.17am, the FBM KLCI was up 0.68 of a point or 0.04% to 1,656.46. Turnover was 462.24 million shares esteemed at RM296.83mil. There were 242 gainers, 194 failures and 299 counters unaltered.

Hong Leong Investment Bank (HLIB) Research said taking after a 4.1-point alleviation bounce back and a mallet candle arrangement on Tuesday, the KLCI's quick standpoint has possibly enhanced, upheld by upticks in markers. Despite the fact that unpredictability will win, the file is prone to test 1,664 (backing turned-resistance) in the close term.

The examination house said a solid close above 1,664 will goad the KLCI higher towards the 1,670-1,678 levels next. On the other side, a definitive fall underneath 1640 will see the KLCI redressing further towards the 1,611-1,622 zones.

"We anticipate that instability will stay in the wake of tepid opinion in the midst of the unpredictable oil costs and Ringgit combined with vulnerabilities in front of the exceedingly expected Bank of Japan strategy result today. Be that as it may, we anticipate that business sector will balance out further in the midst of clarity from the (US Fed) FOMC arrangement proclamation (to be discharged by 3am on Thursday)," HLIB Research said.

Reuters reported oil costs hopped on Wednesday, bolstered by a reported attract U.S. rough inventories and by firm import information from Japan.

US light unrefined prospects were up 1.79%, or 79 pennies, at US$44.84 a barrel at 0027 GMT, floated by a legally binding rollover into higher-request November as a front-month. Brent unrefined petroleum fates were exchanging at US$46.46 per barrel, up 58 pennies, or 1.26%, from their last close.

Genting Malaysia was the top gainer, up 10 sen to RM4.61 after unpredictable exchange in the course of recent days taking after an update by examiners.

MyEG rose 10 sen additionally to RM2.36 with 12.8 million shares done. Its call warrants CY included two sen tol 15.5 sen and CX one sen to 13 sen while CW was level at six sen.

HLIB Research said the hidden pattern viewpoint is still emphatically in place for MyEG.

FGV rose eight sen to RM2.33 with 15.47 million shares done. Its call warrants C15 rose three sen to 29.5 sen with 30 million units done while C16 added two sen to 21 sen.

Allianz added eight sen to RM10.28 while Kim Hin and Pintaras added nine sen each to RM1.75 and RM3.39 while Hume Industries propelled seven sen to RM3.18.

Petronas Dagangan lost RM23.32, IHH Healthcare fell seven sen to RM6.51 and HLFG was down six sen to RM15.92.

BAT fell the most, down 92 sen to RM49.18 and Heineken lost 24 sen to RM17.30.

KESM fell 30 sen to RM7.70 after its entire year money related results.


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