Thursday, 1 September 2016

Sime, CIMB, Public Bank weigh on KLCI

 Comex | Multi Management & Future Solutions

Blue chips fell more than six focuses at late morning on Thursday on offering of Sime Darby, CIMB and Public Bank while the ringgit lost ground against the primary monetary standards while key local markets were blended.

At 12.30pm, the KLCI was down 6.16 focuses or 0.37% to 1,671.9. Turnover was 948.68 million shares esteemed at RM785.57mil. Decliners beat advancers 509 to 219 while 307 counters were unaltered.

The ringgit debilitated against the real monetary forms, tumbling to 4.0817 to the US dollar from 4.0675 the earlier day and slipped to 5.3661 to the pound sterling from 5.3451. It dropped against the Singapore dollar to 2.9936 from 2.9826 and lost ground against the Euro to 4.5525 from 4.5306.

Bloomberg reported Asian values turned around before misfortunes, Australia's dollar fortified and most modern metals progressed after information demonstrated assembling is getting in China, the world's second-greatest economy.

Unrefined palm oil for third-month conveyance fell RM22 to RM2,504 per ton. Heavyweight Sime Darby fell five sen to RM7.84 and eradicated 0.52 of a point from the KLCI. Genting Plantations and PPB Group lost 12 sen each to RM10.48 and RM15.96, IOI Corp fell two sen to RM4.40 while KL Kepong was level at RM23.58.

FGV lost three sen to RM2.24 and its call warrants FGV-C15 fell 1.5 sen to 27 sen and C16 lost 0.5 sen to 19 sen.

Open Bank fell eight sen to RM19.72 and wiped sulk 0.51 of a point from the KLCI. RHB Bank fell 11 sen to RM4.89, AmBank lost eight sen to RM4.31, CIMB was four sen lower at RM4.76, Maybank shed two sen to RM7.80 while Hong Leong Bank was uchanged at RM13.08,

Seni Jaya Corporation was the top lose, sliding 17 sen to 76 sen while poultry organization Huat Lai lost 16 sen to RM4.21 and Perak Crop fell 16 sen likewise to RM2.27.

Tenaga fell four sen to RM14.70 while MISC was level RM7.56.

With respect to telcos, Maxis fell four sen to RM6.24, Axiata and Telekom shed one sen each to RM5.48 and RM6.83 while Digi was level at RM5.02.

Saudi Arabia's pastor of remote undertakings said on Thursday that it would be sensible for the kingdom to oblige different makers in changes to oil creation, Reuters reported.

Adel al-Jubeir, talking at an occasion in Tokyo, said OPEC and non-OPEC oil makers were progressively moving towards a typical position. US light raw petroleum rose 69 pennies to US$45.01 and Brent picked up 32 pennies to US$47.21.

SK Petro fell five sen to RM1.53, Petronas Gas lost four sen to RM22.16 while Petronas Chemicals and Petronas Dagangan were level at RM6.69 and RM23.40.

Among the shopper stocks, Nestle added RM1.36 to RM80.20, BAT 42 sen higher at RM49.64 and Dutch Lady picked up 30 sen to RM59.50.

Among the key territorial markets,

Japan's Nikkei 225 rose 0.23% to 16,926.06;

Hong Kong's Hang Seng Index added 0.51% to 23,094.52;

CSI 300 lost 0.29% to 3,318.17;

Shanghai's Composite Index dropped 0.15% to 3,080.87;

Shenzhen Composite shed 0.07% to 2,031.40;

Hang Seng China Enterprise rose 0.45% to 9,584.83;

Taiwan's Taiex fell 0.55% to 9,018.70;

South Korea's Kospi fell 0.34%to 2,027.79 and

Singapore's Straits Times Index increased 0.43% to 2,832.81.

Spot gold added 48 pennies to US$1,309.45.


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