Kuala Lumpur: Bursa Malaysia stock prices opened steady on Wednesday as the previous session’s close at 1,798.20 with FBM KLCI. There were 169.73 million shares traded valued at RM66.81 mil. There were 160 gainers versus 78 decliners and 203 counters unchanged.
1. The most active KLSE stock list included Fitters rising 1.5 sen to 42 sen, Key Asic losing 1.5 sen to 19 sen and Hibiscus rising two sen to RM1.30.
2. The top KLSE gainer stocks list, KESM rose 18 sen to RM15.20, Hengyuan gained 16 sen to RM6.96 and Petrason Gas added 10 sen to RM19.08.
3. The Klse loser stock including Nestle, shaving 60 sen to RM 145.90, KLK dropping 24 sen to RM24.76 and Press Metal dipping five sen to RM4.80. Maybank lost three sen to RM9.71 and IOI slid three sen to RM4.53.
Asia opened weaker with Japan’s Nikkei slipping 0.4% and South Korea’s Kospi falling 1.25%. Nasdaq index opens up today with 7,999.55 and previous close at -37.7 down and HANG SENG index open with 26,840.20 and previous close at 27,006.23
Forex Signals: After two days of downtrend backed by higher oil prices, the RINGGIT opened slightly higher against the US dollar on Wednesday. The local currency stood at 4.1380/1410 against 4.1400/1430 recorded at Tuesday’s closing.
Ringgit mixed trade data with other currency-
1. It slightly down against the Singapore dollar to 3.0108/0140 from 3.0100/0129 on Tuesday and declined versus the euro to 4.7765/7816 from 4.7668/7715.
2. The local currency depreciated the Japanese yen to 3.6423/6459 from yesterday’s 3.6399/6438 and declined against the British pound to 5.3695/3738 from 5.3634/3677.
Comex Crude Oil: The oil prices fall on Wednesday, oil prices remain near four-year highs reached earlier this week ahead of US sanctions against Iran’s oil exports that kick in next month. Brent crude oil futures were trading at US $84.73 per barrel, down seven cents from their last close. US West Texas Intermediate (WTI) crude futures were down 10 cents at US$75.13 a barrel.