Penny Stocks- KLCI opens higher, oil withdraws following overnight value spike

Penny Stocks

KUALA LUMPUR: The nearby benchmark record opened higher on Wednsday (Penny Stocks), rising 1.31 indicates in early exchange 1,761.30 focuses. Turnover was 132.33 million offers with an estimation of RM61.5mil. There were 165 gainers to 79 decliners and 185 counters unaltered.

Most Asian markets opened higher regardless of a plunge in Wall Street overnight as Apple and its parts providers debilitated on reports of delicate iPhone X request, driving tech shares lower.

On the neighborhood bourse (Penny Stocks),

Petronas Gas added 10 sen to RM17.10, Genting rose five sen to RM9.05 and Genting Malaysia increased three sen to RM5.58.

Stocks that slipped included IHH Healthcare, dropping four sen to RM5.79, Petronas Chemicals falling two sen to RM7.58 and PPB Group, slipping two sen to RM17.56.

On the more extensive market, advancers included Sapura Energy (Bursa Saham Malaysia), which rose one sen to 72.5 sen and DNex, which moved higher by 0.5 sen to 49.5 sen.

Hibiscus is in the spotlight today

on news that it is drawing nearer to finishing the North Sabah Enhanced Oil Recovery generation sharing contract. The counter increased two sen to 87 sen.

Among loafers, Amway slipped seven sen to RM7.30 (Equity Tips), F&N slipped four sen to RM26.66 and Hartalega fell four sen to RM10.80.

In wares, oil markets withdrew subsequent to surging to 2.5-year highs in the past session, which saw US unrefined touching US$60 a barrel following a blast at a Libyan rough pipeline.

On Wednesday, US light rough plunged 26 pennies to US$56.71 a barrel (Hot Stocks) while Brent unrefined dropped 37 pennies to US$66.65 a barrel.

For live updates, traders/investors could visit www.mmfsolutions.my

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