KUALA LUMPUR: Blue chips slipped again into the red early Tuesday as mellow benefit taking of Petronas Gas and BAT weighed on the FBM KLCI (Bursa Saham Malaysia).
At 9.55am (Bursa Saham Malaysia),
the KLCI was down 0.37 of a point or 0.02% to 1,717.99. Turnover was 460.20 million offers esteemed at RM189.16mil. There were 186 gainers, 311 washouts and furthermore 311 counters unaltered.
Asian stocks edged higher on Tuesday as financial specialists took heart from additional confirmation of quality in the worldwide economy (Malaysia Stock Market), while the dollar floated close to a one-week high against its associates on account of higher US yields and a flopping euro, Reuters revealed.
Picks up on Wall Street
overnight likewise helped MSCI’s broadest file of Asia-Pacific offers outside Japan attach 0.15%. South Korea’s KOSPI rose 0.25%, Australian stocks climbed 0.15% and Japan’s Nikkei progressed 1.25%.
Be that as it may, Kenanga Investment Bank Research said since the KLCI (Klse Share Price) has broken underneath the help level of 1,727, the specialized viewpoint stays one-sided on the drawback with no close term indication of recuperation.
“On any further shortcoming, bolster levels can be found at 1,714 (S1) and mental level of 1,700 (S2) beneath. Then again, the protection levels are presently 1,734 (R1) and 1,750 (R2),” it said.
With respect to tech stocks, MPI fell the most (Forex Market), down 32 sen to RM13.22, Vitrox 16 sen to RM5.05 and Globetronics eight sen bring down at RM6.14. Be that as it may, KESM added 18 sen to RM19.38.
BAT lost 20 sen to RM39.80 and Heineken fell 12 sen to RM17.88 yet Nestle picked up 38 sen to RM90.22.
Petronas Gas was 16 sen bring down at RM16.50 while refiners Petron and Hengyuan additionally surrendered some current increases. Petron lost 12 sen to RM11.80 and Hengyuan was down 10 sen to RM9.98.
Asia File rose nine sen to RM3.05 (Share Market Malaysia), Degem and Press Metal increased seven sen to 96 sen and RM4.72.
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