Malaysia’s securities exchange climbed early Tuesday, riding on the coat tails of the riding on the coat tails of the firmer key Asian markets and the overnight bounce back on Wall Street as financial specialists were sure about Democrat Hillary Clinton winning the US presidential race.
At 9.25am, the KLCI was up 4.44 focuses or 0.27% to 1,655.03. Turnover was 152.17 million shares esteemed at RM86.45mil. There were 231 gainers, 87 failures and 209 counters unaltered.
Reuters reported Asian shares ascended in early Asian exchange on Tuesday in front of the US presidential decision with speculator opinion floated by enhancing prospects for Democrat Hillary Clinton to win.
MSCI’s broadest file of Asia-Pacific shares outside Japan was up 0.2%. Japan’s Nikkei rose 0.3%, helped both by the positive conclusion and a weaker yen.
The MSCI World list included 0.1%, expanding on Monday’s 1.6% surge, its greatest single-day bounce in right around 19 weeks, the wire report said.
US unrefined was level at $44.87 a barrel, in the wake of progressing 1.9% on Monday, yet worries about the more grounded dollar and questions over OPEC’s arranged generation cuts still weighed on feeling.
At Bursa, BAT rose 64 sen to RM47.60 while Hartalega added 12 sen to RM4.82 and HL Industries nine sen higher at RM9.83.
Among the estates, KL Kepong and PPB Group rose 14 sen each to RM24 and RM16.14 while Genting Plantations added 10 sen to RM10.70.
PIE Industrials fell 10 sen to RM1.78 after its 3QFY16 net benefit fell 67.1% on-year to RM4.6mil because of lower income and lower edges of its items.
Gadang lost five sen to RM2.57, Tasek and Texchem four sen lower to RM13.90 and RM1.57.
KLSE INTRADAY SIGNALS : BUY COMCORP AT 0.680 TARGET 0.714, 0.748 SL 0.645
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