Petronas stocks lead KLCI higher

KUALA LUMPUR : Blue chips drove by Petronas Dagangan and Petronas Gas progressed early Thursday however keeping down the market was some mellow offering weight found in power mammoth Tenaga Nasional.

At 9.13am, the KLCI was up 4.14 focuses or 0.25% to 1,636,61. Turnover was 62.64 million shares esteemed at RM51.45mil. There were 163 gainers, 63 failures and 138 counters unaltered.

Kenanga Investment Bank Research said the KLCI had on Wednesday shut everything down focuses or 0.17% at 1,632.47.

“Notwithstanding shutting operating at a profit, the FBM KLCI had framed a ‘Hanging Man’ candle yesterday which reflects uncertainty in market bearing.

“This combined with the low exchanging volume and bearish MACD slant propose that the KLCI still needs impulse for a close term recuperation,” it forewarned.

The exploration house said unless the 1,632/1,637 (R1) resistance levels are taken out in a conclusive way, it anticipates that the KLCI will stay directionless with a drawback inclination. Bolster levels are 1,620 (S1) and 1,600 (S2) additionally down.

Petronas Dagangan rose 16 sen to RM23.36 and Petronas Gas added 12 sen to RM21.62 in generally thin exchange. HLFG added 14 sen to RM14.94.

Settle was the top gainer, up RM1.10 to RM77.20 with only 100 shares done, BAT added 32 sen to RM44.58, Apollo 17 sen up to RM5.75,

In any case, Ajinomoto fell 22 sen to RM13.56, F&N fell 10 sen to RM23.30 with 100 shares done and Carlsberg added six sen to RM13.86. QL Resources shed three sen to RM4.36.

Genting Plantations rose 18 sen to RM10.86 while Kossan picked up 14 sen RM6.58.

Lafarge lost four sen to RM7.42 while Ireka, HL Industries and MAHB fell three sen each to 65 sen, RM9.75 and RM6.19 individually.

Our recommendation for KLSE INTRADAY investors.

KLSE INTRADAY SIGNALS : BUY YUUZOO AT 0.156 TARGET 0.160, 0.166 SL 0.149

KLSE INTRADAY SIGNALS : BUY EZION AT 0.370 TARGET 0.388, 0.407 SL 0.350

KLSE INTRADAY SIGNALS : BUY YSPSAH AT 1.85 TARGET 1.90, 1.96 SL 1.78

KLSE INTRADAY SIGNALS : BUY HEVEA AT 1.44 TARGET 1.49, 1.54 SL 1.38 

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