KUALA LUMPUR : Blue chips took after key Asian markets higher early Tuesday while unrefined petroleum costs recaptured some ground yet the more extensive market was still mindful after late falls in the midst of the frail ringgit.
At 9.51am, the FBM KLCI was up 2.04 focuses or 0.12% to 1,655.75. Turnover was 251.94 million shares esteemed at RM169.55mil. There were 207 gainers, 186 washouts and 267 counters unaltered.
Reuters reported Asian stocks edged higher and the dollar solidified late picks up on Tuesday however chance hunger was low as feeble US markets incited speculators to remain focused sidelines. In Asia, MSCI's broadest record of Asia-Pacific shares outside Japan increased 0.2% in early exchange.
Oil costs climbed right off the bat Tuesday as a few experts said markets won't not be entirely as oversupplied as proposed by numerous. Brent unrefined fates were exchanging at US$51.77 per barrel at, up 25 pennies. US light rough rose 27 pennies to US$50.21 a barrel.
Experts said on the back of withdrawing oil costs and vulnerability in front of the last US presidential open deliberation on Wednesday and the conditioned down desires in front of the tabling of Budget 2017 on Friday, they anticipated that the KLCI would exchange inside 1640-1670 levels this week.
Settle and Dutch Lady were among the top gainers in thin exchange. Settle added 30 sen to RM78.40 and Dutch Lady added 28 sen to RM60.28. BAT fell 34 sen to RM48, Heineken 14 sen bring down at RM16.94 and Carlsberg 10 sen down at RM14.62.
Age Credit rose 20 sen to RM14.54 while PPB Group rose 10 sen to RM16.10 and Gadang eight sen to RM3.05.
Back up plans Allianz added 10 sen to RM10.18 and Takaful eight sen increased eight sen to RM4.30.
Petronas Dagangan fell 10 sen to RM23.30.
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