KUALA LUMPUR: Genting Malaysia weighed on the FBM KLCI early Monday on worries about its incorporated gaming resort in Massachusetts while Advancecon surged on its exchanging debut on the Main Market. – Stocks to buy
At 9.40am (Stocks to buy),
The KLCI was down 0.1% to 1,759.83. Turnover was 297.54 million offers esteemed at RM148.97mil. There were 213 gainers, 187 washouts and 222 counters unaltered.
Kenanga Investment Bank Research said at display,
The KLCI stays underneath its 50-day straightforward moving normal (SMA) while energy pointers are still in a bearish state. – Stock Market Today
“Inclination stays to the drawback,
In spite of the fact that a conversion of help levels ought to be available between the 1,754 (S2) – 1,760 (S1) band. In the interim, (Stocks to buy) overhead resistance levels stay at 1,771 (R1) and 1,795 (R2) where venders are probably going to offer on quality,” it said.
Asian stocks revived on Monday, lifted by Wall Street’s solid execution before the end of last week, while the US dollar expanded additions made after considerably more grounded than anticipated June work information.
MSCI’s broadest list of Asia-Pacific offers outside Japan progressed 0.15% while Japan’s Nikkei rose 0.5%. Australian stocks were up 0.4% and South Korea’s Kospi included 0.2%. – Stock Market Live
At Bursa, Advancecon hopped 17.5 sen to 80.5 sen with 77 million offers done.
Genting Malaysia fell four sen to RM5.62 with 440,000 offers done. It is attempting to recuperate its venture of US$347.4mil (RM1.49bil) in an incorporated gaming resort in Taunton, Massachusetts, US, which has been put on hold pending the determination of a legitimate case.
Customer stock Ajinomoto fell 28 sen to RM23.36 and Heineken lost 14 sen to RM18.06.
HCK and Petron Malaysia fell 11 sen to RM5.23 and RM7.63, Box Pax was down 10 sen to RM1.65, Pecca lost four sen to RM1.60 while Masteel additionally surrendered four sen to RM1.
Petronas Gas picked up 20 sen to RM18.68, Lysaght added 12 sen to RM3.80 and Globetronics seven sen higher at RM6.07.