Bursa Malaysia opens lower from yesterday’s close on profit-taking after a previous day rise of 1.08%.
FTSE Bursa Malaysia KLCI slid 1.51 focuses to 1,689.21 from Thursday’s end of 1,690.72. The file opened 2.81 focuses more fragile at 1,687.91
Market breadth was positive, as gainers to losers stood at 112 to 60, while 130 remains unchanged. Among heavyweights, Public Bank eased four sen to RM24.84; CIMB trimmed one sen to RM5.77, while Tenaga advanced two sen to RM13.60.
Maybank and Petronas Chemicals were unchanged at RM9.40 and RM9.36 respectively.PPB the top loser, falling 18 sen to RM17.02, followed by KLK which shed 16 sen to RM23.98, Malaysia Airports retreated 14 sen to RM8.30, Scientex slid 10 sen to RM9.03 and Sime Darby Plantation was eight sen lower at RM4.70.
KLSE Stock Loser
Stock in News
Malton Bhd shares rose 13.41% in active trade after its joint venture (JV) with Hong Kong-listed Nan Hai Corp Ltd has been selected to enter into the next phase of bidding to build a superstructure above the airport express train station located near the Taipei main train station in Taiwan.
Kronologi Asia Bhd rose 7.02% after the group unveiled plans to acquire IT infrastructure company Sandz Solutions (Singapore) Pte Ltd for RM75 million using cash and new share issuance.
Genting Hong Kong Ltd. shares rose 7.5 percent in Hong Kong trading, more than any full-day gain since March 2016, as Hong Kong’s benchmark index advanced.
US market extends late on Thursday to end in a positive, proceeding towards the year’s end. Markets have been unstable as worldwide, political and monetary instability keeps traders cautious.
The Dow Jones – This fell by in excess of 500 points or 1.8% prior on Thursday – closed day 1.1% up. The S&P 500 and tech-overwhelming Nasdaq likewise revitalized before the finish of the Thursday’s exchanging day.
The earlier sell-off was due to weak US consumer confidence data for December. However, bargain buying lift stock higher.
New developments about US-China trade tensions also resurfaced about banning the use of Chinese technology.
Forex Signals: The ringgit was higher against the US dollar in early trade as weaker USD. The ringgit traded at 4.1600/1630 versus the US Dollar from 4.1660/1700.
Gold Price: Gold Price trade with bullish stance with $1276 in yesterday’s trade. Upper resistance to price comes at $1280.
Trading and closing below $1270 can push price lower.
Gold Trading Range $1270-$1284