Share Trading Tips- KLCI slips further, tech stocks weigh on Asia

KUALA LUMPUR: The nearby bourse dunked into the red at early afternoon in the midst of blended territorial markets as tech counters took fall on the US Nasdaq (Share Trading Tips), prompting milder exhibitions in their Asian partners.

Chinese stocks, be that as it may, ascended on Tuesday morning after a private overview demonstrated development in China’s administrations segment movement grabbed to a three-month high in November, Reuter revealed.

At 12.30pm, the FBM KLCI (Share Trading Tips) was 0.28 focuses bring down at 1,712.85 focuses. Turnover was 911.82 million offers with an estimation of RM921.88mil. Decliners outpaced advancers at a 3:1 proportion at 465 to 156, and 486 counters were unaltered.

Genting Malaysia was a main gainer on the file, rising 13 sen to RM5.13. Different advancers included Maxis, increasing five sen to RM5.88, and IHH Healthcare, adding three sen to RM5.64.

Petronas Gas put on 26 sen to RM16.20 (Hot Stocks), while Petronas Dagangan rose 18 sen to RM24.58 and Petronas Chemicals dropped 10 sen to RM7.42.

In the interim Hong Leong Financial Group rose 18 sen to RM16.58 and Hong Leong Bank added two sen to RM15.32.

Among decliners, Genting dropped four sen to RM8.91, MISC slipped two sen to RM7.07 and Tenaga Nasional lost two sen to RM15.56.

Westports Holdings lost 12 sen to RM3.46 while YTL COrp dropped three sen to RM1.13.

Sime Darby Plantations kept on losing ground (Equity Tips), slipping 14 sen to RM4.71 for the third sequential day since its presentation. Sime Darby Property took action accordingly, losing eight sen to RM1.04.

On the more extensive market, Gas Malaysia was another vitality counter to put on picks up on Tuesday, rising seven sen to RM2.78.

SWS Capital increased five sen to RM1.27 while Ireka added five sen to 65 sen.

In the interim (Share Market Recommendations), Allianz shaved off 28 sen to RM13.02, KOssan lost 20 sen to RM7.55 and Magni-Tech Industries declined 19 sen to RM5.99

In products, oil costs climbed somewhat on desires of lower US unrefined reserves and fixing supply following a week ago’s arrangement amongst Opec and other rough makers.

US light unrefined rose 11 pennies to US$57.58 a barrel and Brent increased seven pennies to US$62.52 a barrel.

In monetary forms, the ringgit ascended against significant monetary standards. It exchanged 0.25% higher against the greenback at 4.0530 (Financial Advisory Services), 0.02% against the pound sterling at 5.4592 and 0.06% against the Singapore dollar at 3.0111.

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

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