KUALA LUMPUR: Blue chips exchanged lower early Tuesday, dragged around misfortunes in heavyweight Sime Darby however the more extensive market was blended with volume almost one billion partakes in one hour as brokers pursued penny stocks and lower liners connected to innovation and oil and gas related counters. – Stock Market Malaysia
At 10am (Stock Market Malaysia): –
The KLCI was down 1.38 focuses or 0.08% to 1,738.14. Turnover was 988.57 million shares esteemed at RM321.54mil. There were 309 gainers, 256 washouts and 350 counters unaltered.
Hong Leong Investment Bank (HLIB) Research said pair with the wary mode abroad, the KLCI could be caught in range bound solidification design inside the 1,725 to 1,760 zones for the time being.
“Likewise (Stock Market Malaysia): –
Given the recouping Brent unrefined petroleum costs moving toward US$56, we may envision exchanging enthusiasm to get inside oil and gas this week,” it said.
Raw petroleum moved to a five-week high on Tuesday, with costs supported by pressures taking after a US rocket strike on Syria and a shutdown at Libya’s biggest oilfield.
Extra support likewise originated from desires of solid request as the U.S. summer driving season kicks in, Reuters detailed.
Brent rough fates, moved to their most elevated since March 7 at $56.16 a barrel. US West Texas Intermediate (WTI) was exchanging six pennies higher at $53.14 a barrel.
At Bursa, Sime Darby lost six sen to RM9.28 with 289,300 shares done.
Settle fell the most, down 20 sen to RM79.80, Heineken eight sen bring down at RM18.18 and Kawan Foods five sen down at RM4.45.
HCK lost nine sen to RM4.86, KLCC and Pentamaster lost seven sen each to RM7.93 and RM2.62. HL Industries shed five sen to RM9.45.
REV hopped 16 sen to RM1.08 with 4.95 million shares done,
Perstima added 14 sen to RM7.74, Malayan Flour and Superlon increased seven sen each to RM1.58 and RM3.56. Genting Bhd rose seven sen to RM9.34 and Kerjaya five sen up at RM2.93.
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