Blue chips recovered slightly early Tuesday – Stock Advisory

KUALA LUMPUR: Blue chips recuperated marginally early Tuesday from the earlier day’s decay which was impelled by remote offering while Matang Bhd was in concentrate on its first exchanging day. – Stock Advisory

At 9.52am (Stock Advisory)

The KLCI was up 2.24 focuses or 0.14% to 1,661.08 in the wake of falling 13 focuses the earlier day.

Turnover was 473.29 million shares esteemed at RM148.37mil. There were 197 gainers, 211 failures and 261 counters unaltered.

The ringgit was unaltered against the US dollar at 4.4640.Oil markets were blended, bolstered by Saudi Arabia saying it would entirely hold fast to a promise to cut yield, yet kept down by distrust in money related markets about the standpoint at unrefined costs, Reuters announced.

US West Texas Intermediate (WTI) raw petroleum fates were exchanging up 16 pennies at US$52.53 per barrel at 0136 GMT. Brent unrefined prospects fell nine pennies to US$55.77 a barrel. – Stock Advisory

At Bursa Malaysia, oil palm manor organization Matang rose 1.5 sen to 14.5 sen on its exchanging debut on the ACE MArket. It was among the most dynamic counter with 226.61 million shares done.

Hong Leong Industries rose 17 sen to RM9.65 while Hong Leong Bank added 16 sen to RM13.26 and Magni-Tech picked up 12 sen to RM4.65.

Maybank rose nine sen to RM8.14 and MISC seven sen higer at RM7.48 while Maxis climbed six sen to RM6.08.

Just World Group recovered a portion of Monday’s misfortunes which were activated by the impermanent conclusion of its 14 outlets in First World Hotel, Genting Highlands from Feb 12. It rose eight sen to RM2.09.

Petronas Gas fell 20 sen to RM20.18, Genting Bhd 11 sen bring down at RM8.27.

Our recommendation for KLSE  investors. 

  1. HIBISCS
  2. MATANG
  3. MAGNI
  4. SUMATEC

KLSE INTRADAY SIGNALS: BUY HIBISCS AT 0.470 TARGET 0.490, 0.510 SL 0.445 

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