KUALA LUMPUR: Blue chips arranged a mellow bounce back early Monday following seven days in length of misfortunes, supported by Petronas Gas and Bursa (Bursa Malaysia Stock Signals) while unrefined petroleum costs climbed.
At 9.41am (Fkli Tips),
the KLCI was up 2.82 focuses or 0.16% higher at 1,743.47. Turnover was 687.41 million offers esteemed at RM188.10mil. There were 266 gainers, 192 failures and 281 counters unaltered.
Kenanga Investment Bank Research said the nearby market has been influenced by the remote pitching to end at 1,740.65 last Friday (Malaysian Stock Signals).
“From graphing point of view, the record was exchanged the negative domain more often than not. Key pointers hint at no fleeting recuperation, as most are presently in the negative state.
“The general specialized picture disintegrated after it separated underneath the help level of 1,750, demonstrating the viewpoint beginning to get bearish.
“Encourage shortcoming, assuming any, bolster levels can be found at 1,729 (S1) and 1,713 (S2). On the other hand, the protection levels to pay special mind to now are 1,765 (R1) and 1,783 (R2),” said Kenanga Research.
Oil costs ascended on Monday over supply worries in the Middle East and as the US advertise hinted at additionally fixing (Bursa Malaysia Stock Trading Signals) while request in Asia continues rising, Reuters revealed.
Brent rough prospects, the universal benchmark at oil costs, were at US$57.90 at 0131 GMT, up 15 pennies, or 0.26%, from their last close. US West Texas Intermediate (WTI) rough prospects were at US$52.13 per barrel, up 29 pennies, or 0.56%.
BAT and Petron Malaysia picked up 20 sen each to RM42.56 and RM11.44 while Petronas Gas added 18 sen to RM18.06.
Bursa Malaysia (Malaysian Trading Signals) picked up 16 sen to RM9.91, Time dotCom 15 sen to RM9 and Top Glove 14 sen to RM6.73.
KL Kepong fell the most, down 26 sen to RM24.20, Ajinomoto 16 sen to RM19.84, Eon Credit 10 sen to RM13 and JAKS eight sen to RM1.39 while Comintel Corp lost six sen to 85.5 sen.