Monday, 17 October 2016

Bursa Malaysia opens higher.

 Commodity Advisory

KUALA LUMPUR : Bursa Malaysia opened higher today on the back of positive slant, bearish oil costs and as speculators anticipate the declaration on the Budget 2017 this Friday, a merchant said. 

At 9.14am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 1.01 focuses hardly higher at 1,659.98, against last Friday's end of 1,658.97. 

The record opened 1.01 focuses higher at 1,661.13. 

Advertise broadness was sure with gainers outpacing failures 129 to 81, while 199 counters were unaltered, 1,249 untraded and 18 others suspended. 

Turnover remained at 60.45 million shares worth RM29.65 million. 

Oil costs fell at an early stage Monday, dragged around a rising apparatus number in the US, record OPEC-yield, and abating worldwide monetary development which could hose fuel request. 

Of the heavyweights, Public Bank added four sen to RM19.76, Maybank livened one sen to RM7.62, IHH Healthcare rose three sen to RM6.45, while TNB facilitated four sen to RM14.38 and Petronas Chemicals was level at RM6.81. 

Of the gainer counters, Petronas Gas expanded 20 sen to RM21.98, PPB Group enhanced 16 sen to RM16.22, Apollo Food packed away 10 sen for RM6.15 and BAT livened six sen to RM47.90. 

The FBM Emas Index rose 7.07 focuses to 11,744.71, the FBM Emas Syariah Index increased 4.48 focuses to 12,409.37, and the FBMT 100 Index was 7.35 focuses higher at 11,442.21. The FBM 70 vaulted 10.39 focuses to 13,802.81. 

In any case, the FBM Ace fell 2.02 focuses to 5,147.18. 

The Plantation Index increased 0.59 point for 7,915.16, the Industrial Index expanded 2.32 focuses to 3,123.36 and the Finance Index enhanced 29.18 focuses to 14,254.56. 

Gold prospects contracts on Bursa Malaysia Derivatives were untraded as at 9.50am on absence of impetuses, merchants said. 

October 2016, November 2016, December 2016 and January 2017 remained pegged at RM169.40, RM169.80, RM170.15 and RM170.30 a gram separately. 

Volume was nil, with open enthusiasm adding up to 262 contracts. 

At 9.30am, physical gold was four sen better at RM164.04 a gram from Friday's 5pm shutting of RM164.00 a gram.

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