Bursa Malaysia stocks market news 05-10-2018

Kuala Lumpur: Bursa Malaysia share prices opened higher on Monday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down with 0.11 points to 1,683.17 at 9.01am.
The trading volume was 32.94 million lots worth RM13.84 million. There were 123 gainers versus 140 decliners and 173 counters unchanged.

Stock To Watch

Among the most active KLSE stocks, Gamuda is back on investors’ radar, The stock rose five sen to RM2.52. The Seacera gained 2.5 sen to 18 sen while Tat Giap rose 1.5 sen to 18 sen.

The KLSE stock gainer list shows Heavyweights that are seeing momentum include TNB, advancing six sen to RM14.10 and IHH adding seven sen to RM4.87. Hong Leong Bank led losses with a 16 sen slide to RM20.52.

The KLSE stock loser data shows MPI, dropping six sen to RM11.04 while Vitrox shaved seven sen to RM7.52 and Unisem dipped six sen to RM2.87.

Global Market

In early markets, Japan’s Nikkei pushed 1% higher in its first hour of trade while Australia’s ASX200 rose 0.66%. The Hang Seng index slide up with 0.23%.

Forex Market

In the Forex market, The ringgit continued to slide for the eighth trading day, reaching an 11-month low, as the greenback gained strength.
The local unit was down against the Singapore dollar from 3.0154/0189 to 3.0222/0256 on Friday and the Japanese yen, was slightly up from 3.7282/7321 to 3.7281/7327.

The ringgit contracted against the British pound to 5.3544/3612 from 5.3419/3495 and declined against the euro at 4.7538/7596 from 4.7384/7438.

Commodity Market

In the Oil market, prices remained steady, tracking the early recovery in global equities. Brent crude futures were up 15 cents to US$77.77 a barrel while West Texas Intermediate crude futures were up 30 cents to US$67.89 a barrel.


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