KUALA LUMPUR: Fund snacking of energy goliath Tenaga Nasional supported the FBM KLCI’s initial progress on Thursday (Bursa Malaysia Stocks Tips) as financial specialist assessment livened up on Wall Street’s bounce back and firm raw petroleum costs.
At 9.30am (Bursa Malaysia Stocks Tips),
The KLCI was up 0.88 of a point or 0.05% to 1,773.36. Turnover was 411.57 million offers esteemed at RM121.61mil. There were 250 gainers, 142 washouts and 240 counters unaltered.
Asian offers ticked up on Thursday after US President Donald Trump and congressional pioneers consented to raise the administration obligation confine until December, killing the danger of an administration shutdown for the present, Reuters revealed.
MSCI’s broadest file of Asia-Pacific offers outside Japan increased 0.3% while Japan’s Nikkei rose 0.6%.
US rough fates were US$49.12 per barrel and Brent exchanged at US$54.03 a barrel.
Hong Leong Investment Bank Research said stocks on the neighborhood front ought to have the capacity to pick up footing following deal chasing exercises on Wednesday.
“The KLCI may return to 1,780,
while exchanging enthusiasm on the more extensive market is probably going to concentrate on products part, for example, (Bursa Malaysia Stocks Tips) steel and oil and gas in the midst of the recuperating pattern in unrefined petroleum costs,” it said.
Tenaga rose eight sen to RM14.48 and it was the best gainer among the KLCI stocks.
Econ Bhd bounced 18 sen to RM3.18 and its call warrants 6.5 sen higher at 24 sen.
Padini added 16 sen to RM4.41, SCGM 13 sen to RM3.01 and Lafarge 10 sen to RM5.65.
Southern Steel increased eight sen to RM2.18 and its advance stocks, SSteel-LB added seven sen to RM2.01. Hiap Teck Ventures added 0.5 sen to 42 sen.
Olympia rose two sen to 16.5 sen with 59 million offers done after it sold its stockbroking business Jupiter Securities for RM55mil to CIMB.
Olympia Industries will get RM42.1mil for its segment of offers. Its aggregate cost of interest in Jupiter Securities as of end-June remained at RM21.7mil.
Petronas Dagangan lost 10 sen to RM24.50 in (Bursa Malaysia Stocks Tips) thin exchange, Genting Malaysia was six sen bring down at RM5.90, WCT fell five sen to RM1.71 and Signature four sen to 86.5 sen. Top Glove and Paramount shed four sen each to RM5.64 and RM1.73.
Hot stocks for KLSE traders
1. OLYMPIA 2. HUAAN 3. MLAB 4. IRIS 5. HIAPTEK