Maybank, CIMB, IHH lead KLCI rebound

KUALA LUMPUR: Blue chips commenced the final quarter on a firm note on Tuesday as the FBM KLCI recovered almost the greater part of its past session's misfortunes on asset snacking of Malayan Banking Bhd (Maybank), CIMB Group Holdings Bhd and IHH Healthcare Bhd.

At 12.30pm, the KLCI was up 11.77 focuses or 0.71% to 1,664.32. Turnover was 735.82 million shares esteemed at RM711.20mil. There were 355 gainers, 318 washouts and 350 counters unaltered.

Asian shares disregarded a slow begin and pushed higher on Tuesday, with Japanese markets driving the path after a cheery US producing study supported the dollar, Reuters reported. China markets were shut for the week.

The ringgit slipped against the greenback to 4.1237 at noontime from 4.1143 while it solidified against the other key monetary standards. It rose to 5.2945 against the pound sterling from 5.2973 and reinforced to 3.0136 against the Singapore dollar from 3.0138 and it was 4.6173 to the Euro from 4.6218.

Among the banks, Maybank rose 10 sen to RM7.60 and added 1.67 focuses to the KLCI while CIMB increased seven sen to RM4.78 and poked the record up 1.02 focuses. Open Bank rose eight sen to RM19.90 and Hong Leong Bank four sen higher at RM13.16.

With respect to the heavyweights, IHH Healthcare rose 11 sen to RM6.44 and pushed the KLCI up 1.51 focuses, Tenaga Nasional rose two sen to RM14.32, Genting Bhf six sen to RM7.99 and Genting Malaysia five sen to RM4.60.

Desperate Perisai Petroleum Teknologi Bhd tumbled to its memorable low when it continued exchanging, sliding three sen to 9.5 sen in dynamic exchange of 52.3 milion offers done.

Perisai and its joint endeavor accomplice, Emas Offshore Ltd (EOL) have gotten a demonstrative offer of financing from a money related organization. It confronts the recovery of its S$125mil (RM377mil) bond which developed yesterday after noteholders voted to reject its rebuilding arrangement.

US light raw petroleum fell 21 pennies to US$48.60 and Brent was down 13 pennies to RM50.76. Petronas Chemicals rose two sen to RM6.67 and Petronas Gas level at RM21.84 however Petronas Dagangan shed two sen to RM23.84. SapuraKencana added four sen to RM1.61.

Poultry organization Lay Hong bounced 36 sen to RM10.90.

Among the purchaser stocks, Nestle climbed the best 42 sen to RM79.28 however F&N fell 44 sen to RM23.62.

Rough palm oil for third month conveyance fell RM50 to RM2,586 per ton. With respect to estates, Far East rose 27 sen to RM7.90, TAHP added 16 sen to RM6.34, KL Kepong 12 sen up to RM24.10. IOI Corp six sen higher at RM4.51 while PPB Group was level at RM16.18. Genting Plantations fell 30 sen to RM10.70.

Concerning telcos, Axiata added six sen to RM5.28, Digi rose five sen to RM5.03, Maxis increased two sen to RM6.18 amd Telekom Malaysia fell one sen to RM6.77.

Among the key provincial markets,

Japan's Nikkei 225 rose 0.79% to 16,729.28;

Hong Kong's Hang Seng Index crawled up 0.02% to 23,590;

Hang Seng China Enterprise added 0.37% to 9,719.54;

Taiwan's Taiex added 0.3% to 9,261.74;

South Korea's Kospi added 0.44% to 2,052.71 and

Singapore's Straits Times Index increased 0.16% to 2,875.47.

Spot gold fell US$1.19 to US$1,310.41.

For More Updates : Crude Oil Trading Tips, Copper Commodity Signals, Crude Oil Trading Strategy , Commodity Trading Signals , Commodity Advisory , Commodity Recommendation , Commodity Signals