KLCI, Ringgit firmer at midday.

KUALA LUMPUR : Axiata Group and Malayan Banking (Maybank) exchanged higher at late morning on Monday, shoring up the FBM KLCI in the midst of a weaker more extensive maket however the ringgit picked up quality against the US dollar. At 12.30pm, the KLCI was up 1.82 focuses or 0.11% to 1,667.20. Turnover was 678.54 million shares esteemed at RM456.84mil. There 378 washouts to 234 gainers while 347 counters were unaltered.

The ringgit reinforced against the US dollar to 4.1462 from 4.1578 the earlier day and rose against the pound sterling to 5.1465 from 5.1695 and rose against the Singapore dollar to 3.0200 from 3.02356 while it slipped against the Euro to 4.6422 from 4.6254. Reuters reported China stocks ascended more than 1% on Monday as financial specialists coming back from a week-long occasion got up to speed to light worldwide markets, yet picks up were topped by offering in property shares as more urban communities forced checks on home buys to cool surging costs.


Tien Wah Press kept on climbing, rising 13 sen to RM2.13 while Paragon surged 12 sen to 45 sen.

Among the key territorial markets,

CSI 300 rose 1.17% to 3,291.49;

Shanghai's Composite Index added 1.25% to 3,042.18;

Shenzhen Composite progressed 1.55%to 2,026.59;

South Korea's Kospi fell 0.22% to 2,049.29 and

Singapore's Straits Times Index shed 0.26% to 2,867.84.

Spot gold rose US$5.87 to US$1,262.95.

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