Bursa Malaysia opened higher on buying in local sector specific stocks, in particular, Petronas Gas, MISC, Digi
FTSE Bursa Malaysia KLCI increased 3.66 focuses to 1,671.77 from Wednesday’s end of 1,668.11.
The index opened 7.05 focuses more grounded at 1,675.16. Market breadth was positive, as gainers beat failures 114 to 72, while 116 counters were unaltered, 1,557 untraded and 21 others suspended. Turnover remained at 55.94 million offers worth RM22.81 million.
Petronas Gas up 32 sen to RM18.90, MISC up 14 sen to RM6.69, Digi rose eight sen to RM4.50.
Sector-wise, the Finance Index down 7.38, the Plantation Index up 30.60 points to 6,794.69 and the Industrial Products and Services Index edged down 0.24 of a point to 165.20.
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MyEG Services Bhd shares rose 1.05% in morning trade after its sub-subsidiary MyEG Alternative Payment Services has received No Objection from Bank Negara Malaysia (BNM) for the launch of its iPay Easy e-wallet.
Reach Energy Bhd rose 5.56% in active trade this morning after the company said the Kariman 15 (K-15) vertical exploration well at its Emir-Oil concession block in Kazakhstan
PUC Bhd shares in active trade after the company said it is buying the rest of Pictureworks Holdings Sdn Bhd.
U.S. stock indexes opened sharply lower on Wednesday, amid mounting concerns about a slowdown in China’s economy, which could ripple internationally. Dow initially 354 points but later recovered and closes in positive +18.78.
The major indexes ended the day in positive territory. The Dow edged up 18.78 points or 0.1 percent to 23,346.24, the Nasdaq climbed 30.66 points or 0.5 percent to 6,665.94 and the S&P 500 inched up 3.18 points or 0.1 percent to 2,510.03.
Energy stocks move to the upside over the session, benefiting from a significant rise in crude oil.
Crude for February delivery jumped $1.13 to $46.54 barrel after hitting a low of $44.35 a barrel.
Forex Signals: The ringgit opened lower against the US dollar after weak demand for emerging currencies.
The ringgit traded at 4.1460/1500 versus the US dollar from 4.1350/1390.
Gold Price: Gold trade with a positive note after us market saw high volatility. Gold trade in a range of $1284-$1290 in early trade
Gold Trading Range $1280-$1290