Profit Booking Witnessed in Early trade KLCI at 1692.1 -7.6 point lower

Malaysia Stocks

Bursa Malaysia opened lower with a sort of profit booking after yesterday’s rise. The FTSE Bursa Malaysia KLCI (FBM KLCI) benchmark increased from 1,699.72 on Monday at 9.12 a.m. to 1,696.05 points. The index opens at 1,696.81 2.91 points lower.

The Index opened 2.91 later bring down at 1,696.81. On the other side, gainers beat off looser 154 to 111, with 171 counters unaltered, 1,432 untraded and 21 others suspended. Volume remained at 380.41 million units esteemed at RM96.25 million.

Among heavyweights on Bursa Malaysia, Maybank fell one sen to RM9.42, Public Bank lost eight sen to RM24.80; Tenaga dropped 10 sen to RM14.20, while Petronas Chemicals rose two sen to RM9.19.

On the active counter, London Biscuits was up by two sen to 62.5 sen, Ucrest shed a large portion of a-sen to 30 sen, while Bumi Armada and Talam Transform were level each at four sen and three sen separately.

Sector-specific Plantation Index crept up 9.27 focuses to 6,957.03, however, the Industrial Products and Services Index was 0.19 of-a-points weaker at 170.57, and the Financial Services Index dropped 5.92 focuses to 17,480.26.

KLSE Stock Gainers

Stock Last Change
UTDPLT 26.8 0.42
PETDAG 25.3 0.3
ALLIANZ 12.5 0
CFM 1.29 0.15
TGUAN-LA 2.4 0

KLSE Stock Loser

Stock Last Change
BAT 36.92 -1
AMWAY 6.56 -0.24
LATITUD 3.58 -0.21
TENAGA 14.1 -0.2
NESTLE 147.8 -0.2

Achieve Energy Bhd have spiked in early exchange Tuesday over the disclosure of oil at its investigation well North Kariman-3 (NK-3). Achieve Energy said that underlying testing of the investigation well at NK-3 in its Emir Oil concession square coastal Kazakhstan has yielded positive outcomes.

Tatt Giap Group Bhd climbed nearly 3% in early exchange Tuesday on the back of RM11mil worth of related gathering employments. The counter increased 2.94% or 0.5 sen to 17.5 sen while Tatt Giap-PR dove 33.33% or one sen to two sen. It has anchored two contracts worth a consolidated RM10.57mil from Dynamite Fabricators Sdn Bhd to embrace steel creation and channeling pre-manufacture works.

Allianz Malaysia Bhd and Mitsui Sumitomo Insurance Co. have been shortlisted to continue to the following round of offering for AmGeneral Insurance Bhd., in an arrangement that could esteem Malaysia’s second-greatest vehicle back up plan at about $800 million, individuals with the learning of the issue said. The two gatherings will require endorsement from the Malaysian national bank before formally beginning nitty gritty transactions.

Global Market

MSCI’s index of Asia-Pacific offers outside Japan edged down 0.2 percent as the Australian market surrendered 0.5 percent and Seoul’s Kospi fell 0.6 percent. Japan’s Nikkei stock file was 0.3 percent lower.

US market pulled once again from intraday highs as financial specialists considered uncertain issues between the two nations. Medium-term, the Dow Jones Industrial Average closes 1.13 percent higher, the S&P 500 increased 1.09 percent and the Nasdaq Composite included 1.51 percent.

Index Last Change%
Dow 30 25826.43 1.13
S&P 500 2790.37 1.09
Nasdaq 100 7441.51 1.51
FTSE 100 7062.41 1.18
DAX 11465.46 1.85

 

Currency Market
Forex Signals: The ringgit opened unaltered against the US dollar from yesterday’s close, with speculators staying in a mind full temperament, in spite of the United States (US) and China consenting to delay their exchange war.

At 9 am, the ringgit was exchanged at 4.1630/1680.

Commodity Market

Gold Price: The physical price of gold as at 9.30am stood at RM159.83 per gram, up 23 sen from RM159.60 at 5 pm yesterday.

In the international Market Gold trade with positive bias in the range $1230-$1236.