Monday 13 February 2017

Bursa Malaysia opens higher

 Copper Commodity Signals

KUALA LUMPUR: Bursa Malaysia opened higher today on solid purchasing support in the midst of recharged bullishness over US President Donald Trump's assessment approaches. 

At 9.07am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) remained at 1,701.90, up 2.96 focuses, from 1,698.94 on Friday. 

The list opened 2.2 focuses more grounded at 1,701.14 at 9.00am. 

Gainers edged failures 217 to 52 with 210 counters unaltered, 1,216 untraded and 15 others were suspended. Turnover remained at 178.71 million shares worth RM53.29 million. 

In a note, Public Investment Bank Bhd said the bullish execution on the KLCI were couple with rising US stocks and mechanical wares costs. 

"The dollar progressed toward the finish of a week ago, in which a flare-up of stresses over pending European races was supplanted by recharged bullishness about Trump's strategies. 

"The more sure inclination was additionally determined by positive thinking about corporate profit and proof of solid exchange development in China," it said. 

Of heavyweights, Maybank increased three sen to RM8.33, Public Bank enhanced 12 sen to RM20.22, TNB rose two sen to RM13.52 and Sime Darby added four sen to RM9.03. 

Of actives, Hibiscus Petroleum propelled one sen to 54.5 sen and Sterling Progress, KNM and IFCA MSC edged up a large portion of a-sen each to 21 sen, 36 sen and 51 sen, separately. 

The FBM Emas Index was 23.0 focuses better at 11,986.43, the FBMT100 Index rose 19.13 focuses to 11,662.70 and the FBM Emas Syariah Index enhanced 19.54 focuses to 12,509.94. 

The FBM 70 added 18.50 focuses to 13,830.20 and the FBM Ace bounced 39.06 focuses to 5,285.45. 

Area astute, the Plantation Index increased 28.92 focuses to 8,244.21, the Finance Index livened 58.22 focuses to 15,048.94 and the Industrial Index added 3.68 focuses to 3,241.10. 

Gold fates contract on Bursa Malaysia Derivatives was higher in early session today on higher request. 

As at 9.36am, February 2017 was up four ticks at RM172.50 a gram while March 2017, April 2017 and May 2017 were pegged at RM171.95, RM172.50 and RM173.10, individually. 

Turnover remained at two parts while open intrigue added up to 309 contracts. 

At 9.30am, the cost of physical gold was 69 sen better at RM170.17 a gram.

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