Wednesday, 28 December 2016

Bursa Malaysia opens marginally higher



 Gold Trading Recommendations

KUALA LUMPUR: Bursa Malaysia opened barely higher at the beginning of today, lifted by purchasing enthusiasm for chose heavyweights drove by Maybank and IOI Corp. 

At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 1.0 point better at 1,620.68 from Tuesday's end of 1,619.68. 

The record opened 1.21 focuses higher at 1,620.89. 

Both Maybank and IOI Corp rose four sen to RM7.79 and RM4.43 individually. 

On the more extensive market, gainers edged washouts 75 to 36, with 95 counters unaltered, 1,549 untraded and 49 others suspended. 

Turnover remained at 39.037 million shares worth RM14.674 million. 

JX Apex Research said the nearby bourse would stay level on the back of thin exchanging volumes. 

"Be that as it may, chose blue chips may see some exchanging enthusiasm with potential window dressing," it said in a note today. 

Among heavyweights on Bursa Malaysia, TNB, Petronas Chemicals and Sime Darby all expanded two sen to RM13.64, RM6.90 and RM8.09 individually. 

Of the actives, Kuantan Flour Mills increased six sen to 15 sen, KNM increased one sen to 34 sen while Perisai Petroleum and Netx were level at 7.5 sen and two sen separately. 

Among washouts, Public Bank declined four sen to RM19.64, Telekom Malaysia fell three sen to RM5.96 while Padini and Axiata facilitated two sen to RM2.56 and RM4.50 separately. 

The FBM Emas Index rose 8.92 focuses to 11,336.76, the FBMT100 Index was 8.15 focuses higher at 11,057.94, and the FBM Ace went up 11.33 focuses to 4,775.10. 

The FBM Emas Syariah Index added 10.15 focuses to 11,911.67 and the FBM 70 expanded 14.48 focuses to 12,929.32. 

Segment shrewd, the Plantation Index enhanced 18.40 focuses at 7,709.60, the Finance Index extended 10.41 focuses to 14,170.78, and the Industrial Index added 1.34 indicate 3,096.79. 

The physical cost of gold as at 9.30am remained at RM158.94 per gram, down 42 sen from RM159.36 at 5pm yesterday.

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