KUALA LUMPUR: Buoyant raw petroleum costs electrifies financial specialists' hazard craving for oil and gas stocks, particularly Petronas-connected counters, in accordance with the firm Asian markets early Tuesday.
At 9.10am, the KLCI was up 5.27 focuses or 0.31% to 1,717.85. Turnover was 260.96 million shares esteemed at about RM100mil, Advancers beat decliners 194 to 94 and 221 counters were unaltered.
Reuters revealed US unrefined fates ascended for a moment day on Tuesday, with information indicating speculative stock investments are wagering huge crosswise over oil markets taking after OPEC creation cuts concurred a year ago.
US West Texas Intermediate unrefined was up 23 pennies at US$53.63 a barrel at 0032 GMT. It increased around 29 pennies, or 0.5%, on Monday. Brent fates were yet to exchange, subsequent to closure the past session up 0.7% at US$56.18 a barrel.
It additionally announced Asian stocks held almost 1-1/2-year highs in repressed early exchange on Tuesday as an occasion in the United States left financial specialists with couple of impetuses, while the euro breast fed overnight misfortunes as waiting worries about the approaching French decision shook its bonds.
At Bursa Malaysia, Petronas Gas rose 40 sen to RM21.04 and Petronas Dagangan added 16 sen to RM24.40 while Petronas Chemicals added seven sen to RM7.55. LNG transporter, MISC added six sen to RM7.76.
Ranches stocks were likewise higher driven bby KL Kepong which rose 14 sen to RM24.62 and PPB Group added 10 sen to RM16.50.
Notwithstanding, smallish Innoprise fell 21 sen to RM1.14 while IOI Corp shed seven sen to RM4.56.
Padini hopped 22 sen to RM2.80 while Hong Leong Bank was up 10 sen to RM13.56.
GHL Systems was down five sen to RM1.06. CIMB Equities Research anticipates that GHL will see more grounded development ahead driven by ceaseless development from Malaysian exchange installment securing (TPA) and entire year commitment from Philippines TPA.
No comments:
Post a Comment