Stock Trading Signals- KLCI sees post Christmas benefit taking

Stock Trading Signals

KUALA LUMPUR: The nearby bourse pulled back in early exchange following the solid execution in the earlier week.Asian markets left the Christmas end of the week exchanging blended (Stock Trading Signals), with Chinese stocks falling behind even as its national bank lifted its official yuan midpoint to the most abnormal amount in 3.5 months at 6.5416 for each dollar.

At 9.15am (Stock Trading Signals),

the FBM KLCI was down 2.85 focuses to 1,757.39 focuses. TUrnover was 150.69 million offers with an estimation of RM54.87mil. There were 153 gainers to 120 decliners and 219 counters unaltered.

In early exchange, Petronas Chemicals moved higher by seven sen to RM7.67 while Hong Leong Bank pushed forward 18 sen to RM16.82. Ambank increased six sen to RM4.39.

Decliners included Genting, which lost eight sen to RM9.02 and Genting Malaysia, (Stock Recommendations) which slipped seven sen to RM5.52.

Telekom Malaysia dropped 32 sen to RM6.18.

On the more extensive market, Kim Loong Resources was in the spotlight following an examiner move up to income. The counter climbed 33 sen to RM4.48.

“By and large, we support KLRB given its reasonable administration, according to the predictable profit execution posted by the gathering for as long as couple of years and its liberality of administration in compensating investors,” said JF Apex Securities.

Other prominent gainers included Allianz (Share Market Recommendations), which rose 34 sen to RM13.94, and Globetronic, which increased five sen to RM6.80.

Decliners included SIG Gases, which dropped five sen to RM1.10; Magnitech, which fell six sen to RM5.72; and Vitrox, which shaved off 11 sen to RM6.31.

In products, US light unrefined was exchanging five pennies higher to US$58.52 a barrel (Financial Advisory Services) while Brent rough rose two pennies to US$65.27 a barrel.

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

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