Wednesday, 14 December 2016

Blue chips retreat at midday, key Asian markets mixed

 Commodity Recommendations


KUALA LUMPUR/SINGAPORE : Blue chips withdrew at late morning on Wednesday, following the wary key Asian markets in front of the US Federal Reserve meeting today evening time, while unrefined petroleum costs and the ringgit slipped. 

At 12.30pm, the KLCI was down 3.5 focuses or 0.21% to 1,641.78. Turnover was 725.44 million shares esteemed at RM568.29mil. The more extensive market was careful of decliners beating advancers 329 to 242 while 321 counters were unaltered. 

Southeast Asian securities exchanges rearranged sideways on Wednesday with financial specialists paying special mind to clues on what is in store for them in 2017 from the Federal Reserve's two-day approach meeting that began in the past session, Reuters reported. 

The ringgit debilitated against the US dolar at 4.4467 from 4.4363 and slipped against the Singapore dollar to 3.1176 from 3.1106 and declined against the Euro to 4,7294 from 4.7131. Notwithstanding, it solidified against the pound sterling to 5.6265 from 5.6301.US light unrefined petroleum fell 70 pennies to US$52.28 and Brent was down 69 pennies to US$55.03. Petronas Gas lost eight sen to RM21.50, Petronas Chemicals shed two sen to RM6.87 however Petronas Dagangan added six sen to RM23.70. SapuraKencana fell two sen to RM1.62 yet Bumi Armada rose 0.5 sen to 61 sen. 

Kuantan Flour Mills energized 14 sen to 22 sen in dynamic exchange as financial specialists were certain about Felcra rising as a white knight in a switch takeover of the PN17 organization. 

Among the customer stocks, Heineken rose 18 sen to RM16.88, F&N picked up 16 sen to RM23.30 however Dutch Lady fell 24 sen to RM55.20 and Carlsberg fell 10 sen to RM13.90. 

Rough palm oil for third month conveyance rose RM30 to US$3,128 per ton. 

Among the manors, Batu Kawan fell 10 sen to RM18.20, Sime Darby shed one sen to RM8.14, IOI Corp, KL Kepong and PPB Group were level at RM4.40, RM23.88 and RM15.94 individually. 

Tenaga Nasional fell six sen to RM14 and eradicated 0.55 of a point from the KLCI, Genting Malaysia fell five sen to RM4.65 yet MISC added three sen to RM7.47. 

Among the banks, Maybank and Hong Leong Bank were level at RM7.94 and RM13.34, CIMB and Public Bank lost four sen each to RM4.62 and RM19.66 while RHB Bank shed one sen to RM4.83. 

Concerning telcos, Axiata added four sen to RM4.54, Digi shed one sen to RM4.97, Telekom lost two sen to RM5.94 while Maxis was down five sen to RM5.95. 

Scientex rose 22 sen to RM6.96, JMR and SAM Engineering 10 sen each to RM1.05 and RM5.24 while OWG increased nine sen to RM2.40. 

Spot gold rose US$1.43 to US$1,159.97.

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