Stock Trading Picks- KLCI squeezes out little increases early Friday, HL Bank up

Stock Trading Picks

KUALA LUMPUR: Blue chips edged higher early Friday with Hong Leong Bank and PPB Group supporting the FBM KLCI’s (Stock Trading Picks) additions while key Asian markets progressed.

At 9.10am (Stock Trading Picks),

the KLCI was up 1.06 focuses or 0.06% to 1,780.16. Turnover was 162.80 million offers esteemed at RM80mil. There were 148 gainers, 107 washouts and 202 counters unaltered.

Kenanga Research said in general (Klse Stock Signals), it trusts that the specialized standpoint is certain with enter force markers all in bullish joining.

“We expect a retest of September’s high at 1,793 (R1). Promote headway will see protection at 1,800 (R2) and 1,835 (R3) levels. Any pullback is probably going to be restricted to 1,750(S1) and 1,735 (S2) bolster levels,” it said.

Asian markets

were finishing 2017 out of a gathering state of mind on Friday following a year in which a purposeful get in worldwide development supported corporate benefits and ware costs (Klse Stock Picks). While benevolent expansion shielded national banks from taking ceaselessly the punch bowl, Reuters detailed.

MSCI’s broadest list of Asia-Pacific offers outside Japan was combining three straight long stretches of increases that left it close decade crests. The list has been on an upward direction for basically all of 2017 and is up 33% on the year up until this point.

Refiners Hengyuan and Petron had a dazzling year and their proceeded with their rally (KLSE Stock Recommendation). Hengyuan rose 80 sen to RM18.76 and Petron 38 sen to RM14.98. Hengyuan’s call warrants were among the best gainers on Friday.

PPB Group added 20 sen to RM17.38 while HL Bank added eight sen to RM17.08.

Among the pharmaceutical-related organizations, CCM Duopharma rose 15 sen to RM2.58 (Klse Stock Tips) however Pharmaniaga lost 35 sen to RM4.30 and YSP Southeast Asia four sen bring down at RM2.65.

Settle fell RM2 to RM100 and BAT 80 sen bring down at RM37.20, Hartalega eight sen to RM10.74 and Scicom four sen to RM1.65.

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