Monday 7 November 2016

KLCI lags key Asian markets, ringgit slumps

 Crude Oil Trading Strategy

KUALA LUMPUR : The FBM KLCI trailed behind the key Asian markets where estimation was helped by desires that Democrat Hillary Clinton could win the US presidential race while the ringgit kept on drooping against the real monetary forms.

At 12.30pm, the KLCI was up 0.91 indicate or 0.06% 1,649.15, lifted by additions in Maybank. Turnover was 783.98 million shares esteemed at RM589.98mil. Decliners beat advancers 363 to 277 while 303 counters were unaltered.

The ringgit debilitated against the key monetary forms. It was at 4.2092 to the US dollar from the past close of 4.1993 and fell against the Singapore dollar to 3.0315 from 3.0303. It debilitated against the pound sterling to 5.2451 from 5.2390 and was at 4.6650 to the Euro from 4.6599.

Reuters reported Asian stocks ricocheted and the dollar fortified on Monday after the FBI said it remained by its before suggestion that no criminal allegations were justified against her.

The news lifted a cover over Clinton's presidential battle two days before the US race.

Unrefined palm oil for third month conveyance rose RM27 to RM2,763 per ton. TAHP rose 20 sen to RM7, KL Kepong added 14 sen to RM23.98 while Sime Darby increased five sen to RM8.27 and IOI Corp one sen higher at RM4.38.

Joined Plantations and IJM Plantation fell 20 sen to RM27.60 and RM3.50 while PPB Group lost 18 sen to RM15.90.

Genting Bhd rose 14 sen to RM7.94 and Genting-WA picked up 10 sen to RM1.48 while Genting Malaysia added seven sen to RM4.73.

Among the banks. Maybank rose seven sen to RM7.74 and pushed the KLCI up 1.17 focuses, CIMB rose three sen to RM4.80 while Public Bank was level at RM19.80.

HLFG lost 32 sen to RM15.12 and Hong Leong Bank shed four sen to RM13.08.

Pos Malaysia increased nine sen to RM4.04 while DRB-Hicom added two sen to RM1.22.

Oil fates ascended on Monday, with merchants refering to crafty purchasing taking after sharp decreases in the earlier week that conveyed costs to their most reduced since early August due to progressing feeble essentials, Reuters included.

US light unrefined petroleum rose 48 pennies to US$44.55 and Brent picked up 43 pennies to US$46.01.

Petronas Dagangan rose two sen to RM23.32, Petronas Gas shed two sen to RM22.02 and Petronas Chemical one sen lower to RM6.95. SapuraKencana slipped one sen to RM1.53.

Gadang fell 17 sen to RM2.73 on benefit taking after the late rally in its share cost.

With respect to telcos, Axiata was level at RM4.80, Maxis lost nine sen to RM5.76, Digi fell five sen to RM4.99 and Telekom shed one sen to RM6.48.

Among the key local markets,

Japan's Nikkei 225 rose 1.41% to 17,144.50;

Hong Kong's Hang Seng Index increased 0.46% to 22,746.47;

CSI 300 rose 0.09% to 3,357.24;

Shanghai's Composite Index climbed 0.26% to 3,133.56;

Hang Seng China Enterprise was up 0.86% to 9,572.84;

Taiwan's Taiex hopped 1.26% to 9,182.50

South Korea's Kospi climbed 0.68% to 1,995.57 and

Singapore's Straits Times Index rose 0.35% to 2,798.69.

Spot gold fell US$12.48 to US$1,292.58.

 More updates : 

No comments:

Post a Comment