Tuesday, 25 October 2016

Blue chips fell at Tuesday's early afternoon break.

 Comex Trading Tips

KUALA LUMPUR : Blue chips fell at Tuesday's early afternoon break, weighed around benefit taking in Maxis Bhd and Axiata Group Bhd however this was counterbalanced by increases in Malayan Banking Bhd while key Asian markets were for the most part lower.

At 12.30pm, the KLCI was down 1.71 focuses or 0.1% to 1,676.05. Turnover was 720.79 million shares esteemed at RM770.96mil. Decliners drove advancers 373 to 246 while 378 counters were unaltered.

The ringgit debilitated against the US dollar at 4.1745 from 4.1733 however progressed against the pound sterling, Singapore dollar and the Euro. It was at 2.9977 to the Singapore unit from 2.9990, up against the pound at 5.1019 from 5.1072 and picked up against the Euro to 4.5420 from 4.5453.

Reuters reported China stocks were marginally weaker on Tuesday, yet drifted around nine-month highs, as an adjustment in framework and transportation offers balance picks up in coal diggers.

Hong Kong stocks were generally level, as financial specialists stayed mindful in front of one month from now's U.S. presidential race, and a conceivable US loan cost increment in December.

China's blue-chip CSI300 list plunged 0.2% to 3,361.77 toward the end of the morning session, while the Shanghai Composite Index edged down 0.1% to 3,124.89.

At Bursa, Maybank rose 15 sen to RM7.88 and added 2.47 focuses to the KLCI, Public Bank lost two sen to RM19.80. CIMB Group shed one sen to RM5.07 and Hong Leong Bank was level at RM13.30.

Among the heavyweights, Maybank was level at RM14.34, IHH Healthcare was level at RM6.44 and MISC lost three sen to RM7.58. Genting Malaysia shed four sen to RM4.81.

Rough palm oil fell off the 2014 high, splitting its earlier day's additions when it fell RM50 to RM2,772 per ton. PPB Group fell 18 sen to RM15.88, KL Kepong two sen bring down at RM24.26, IOI Corp was level at RM4.50 and Sime Darby rose two sen to RM8.04.

Buyer stocks were blended, BAT fell the most, down 84 sen to RM49.40, Ajinomoto 26 sen bring down at RM13.50, Carlsbger lost 14 sen to RM14.62. Settle rose 30 sen to RM78.50.

Huat Lai rose 10 sen to RM4.90 after its takeover offer from the real shareholders.

Estates timber Ta Ann fell five sen to RM3.53 as financial specialists were negative on its arrangements to purchase 100% of Agrogreen Ventures Sdn Bhd for RM211.1mil.


With respect to telcos, Maxis lost 19 sen to RM6.01, Axiata Group fell four sen to RM5.09, Digi.com was level at RM5.01 and Telekom Malaysia augmented its misfortunes, falling seven sen to RM6.51.

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