Thursday, 27 October 2016

Bursa Malaysia opened less demanding today.

 Commodity Trading Signals

KUALA LUMPUR : Bursa Malaysia opened less demanding today in accordance with territorial markets influenced by lower oil costs because of a worldwide excess, merchants said.

At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.67 of-a-point weaker at 1,673.25, against yesterday's end of 1,673.92.

The file opened 0.03 of-a-point somewhat higher at 1,673.95.

In any case, advertise broadness was certain as gainers drove washouts 107 to 58, while 160 counters were unaltered, 1,366 untraded and 80 others suspended.

Turnover remained at 98.54 million shares worth RM24.58 million.

The benchmark Brent Crude was down 1.3% to US$47.80 per barrel.

A merchant said the execution of the neighborhood bourse was additionally couple with the weaker overnight execution of Wall Street.

Open Investment Bank said in a note that is anticipates that the FBM KLCI will keep on trending sideways today, after worldwide values finished for the most part lower, as another bunch of inadequately got US corporate income and an unstable session at oil costs weighed down market opinion.

The FBM Emas Index was down 4.87 focuses to 11,799.45, the FBM Emas Syariah Index rose 12.19 focuses to 12,419.43, and the FBMT 100 Index was 5.05 focuses simpler at 11,500.23.

The FBM 70 fell 7.72 focuses to 13,752.14 as the FBM Ace enhanced 8.75 focuses to 5,144.00.

The Plantation Index rose 19.40 focuses to 7,976.73, the Industrial Index declined 2.78 focuses to 3,150.73 and the Finance Index enhanced 13.38 focuses to 14,554.02.

Of the heavyweights, TNB and Petronas Chemicals increased two sen each to RM14.34 and RM7.00 separately, Maybank expanded one sen to RM7.93, Public Bank was level at RM19.80, while Sime Darby fell 12 sen to RM7.98.

Of the gainer counters, Nestle solidified 56 sen to RM78.96, Hong Leong Industries packed away 28 sen to RM9.40, Petronas Dagangan rose 18 sen to RM23.44 and KL Kepong expanded 14 sen to RM24.34.


The physical cost of gold as at 9.30am remained at RM164.46 per gram, down 39 sen from RM164.85 at 5pm yesterday.

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