Bursa Malaysia Market Trade Lower After Sell Off Palm Oil Even Positive Cues From Wall Street

KLSE Stock News

Kuala Lumpur: Bursa Malaysia share prices opens lower early on Tuesday. The FBM KLCI fell 0.49% in early trade toward the beginning of today, hauled by misfortunes including at Genting-connected stocks and Telekom Malaysia.

At 9.05am, the FBM KLCI lost 8.25 focuses to 1,693.74.

Among the Decliners included Genting Malaysia Bhd, Genting Bhd, Telekom Malaysia Bhd, KESM Industries Bhd, IJM Corp Bhd, Petron Malaysia Refining and Marketing Bhd, Pos Malaysia Bhd, Lay Hong Bhd, Westports Holdings Bhd, and Edaran Bhd.

Asian offers struggled to expand a worldwide bounce back on Tuesday after U.S. President Donald Trump appeared to suppress any expectations of an exchange détente with China, hosing hazard craving over the locale, as indicated by Reuters.

Japan’s Nikkei figured out how to edge up 0.4 percent, however, MSCI’s broadest list of Asia-Pacific offers outside Japan was everything except.

KLSE Gainers Stock

Stock Last Change
AEONCR 15.76 0.32
SAM 8.3 0.12
SBAGAN 3.42 0.12
HLIND 10.6 0.12
TOYOINK 0.93 0.115

KLSE Loser Stock

Stock Last Change
NESTLE 147.4 -0.2
BAT 37.18 -0.66
PETDAG 27.5 -0.18
KLK 24.44 -0.24
HEIM 19.12 -0.18

The stock which remains in focus early trade on Tuesday:

Kerjaya Prospek Group Bhd’s completely possessed auxiliary Kerjaya Prospek (M) Sdn Bhd yesterday acknowledged two honor letters for business land development ventures with an aggregate estimation of RM282.25 million, to additionally develop its request book.

Genting Malaysia Bhd Bursa Malaysia said today exclusive day exchanging (PDT) and intraday short offering (IDSS) of securities have been suspended for whatever remains of the day as the last done cost of the affirmed securities dropped in excess of 15 sen or 15% from the reference cost.

WCT Holdings Bhd’s year-to-date center net benefit of RM105.3mil, which is 9.8% lower year-on-year, was beneath its desires.

Global Market

U.S. stock market bounce back to end Monday following Thanksgiving week execution since 2011, The Dow Jones Industrial Average DJIA, +1.46% closed with a gain of around 354, or 1.5%, at 24,640, the S&P 500 list SPX, +1.55% increased 1.6% at 2,673, controlled by additions in the innovation segment XLK, +2.26% and buyer optional XLY, +2.24% which completed with additions of at any rate 2.3%. Each of the three value benchmarks booked their best day by day move since Nov. 7.

The Nasdaq Composite Index COMP, +2.06% completed 2.1% at 7,081. Among the greatest movers on the day were offers of Amazon.com Inc. AMZN, +5.28% which profited from reports of solid deals on extraordinary compared to other days for online retailers in the year. Amazon’s offers shut 5.3% higher, denoting their most keen day by day move since a 6.9% gain on Nov. 7. Another help for the more extensive market gained in unrefined petroleum prospects CLF9, – 0.19% after a defeat on Friday activated new stresses over worldwide development moderating. Independently, offers of General Motors were in the center after the automaker said it was cutting 15% of its North American workforce. GM’s stock GM, +4.79% increased 4.8% on the day.

Index Last Change%
Dow 30 24,640.24 1.46
S&P 500 2,673.45 1.55
Nasdaq 100 7,081.85 2.06
FTSE 100 7,036.00 1.2
DAX 11354.72 1.45
 
Currency Market

Forex Signals: The ringgit trade lower against the US dollar after weak demand for the Malaysian currency, prompted by escalating trade tension between the United States and China.

At 9.00 am (0100 GMT), the ringgit stood at 4.1900/1950 versus the US dollar from 4.1860/1900 on Monday.

Commodity Market

Gold prices trade swift as lack of volume and positive developments from G20 meeting bring some softness in higher prices. A December gold future is trading at $1222. Spot gold was up 0.1 percent to $1223.28 per ounce US gold futures were steady at $1 223.40 per ounce.

Daily Gold trading Range: $1218-$1229.