KUALA LUMPUR: Blue chips edged somewhat higher early Thursday while bring down liners oil and gas stocks ascended in dynamic exchange (Stock Tips), supported by the solid unrefined petroleum costs.
At 9.31am (Stock Tips),
the KLCI was up 1.08 focuses or 0.06% at 1,774.66. Turnover was 720.31 million offers esteemed at RM316.57mil. There were 193 gainers, 200 washouts and 276 counters unaltered.
The US dollar shone while Asian offers slipped marginally on Thursday after the US Federal Reserve declared an arrangement to begin contracting its accounting report and flagged one more rate climb in the not so distant future, Reuters detailed.
MSCI’s broadest dollar-named file of Asia-Pacific offers outside Japan was down 0.4%. South Korea’s Kospi was down 0.1% while Australia shed 0.6%. Japan’s Nikkei increased 0.8% on account of the yen’s fall against the dollar.
In the interim,
Kenanga Investment Bank Research said the stock exchange’s close term shortcoming is probably going to be shallow and impermanent (Share Investment Tips) as the more extensive specialized picture stays positive.
“In that capacity, we would not be astonished to see deal chasing at the 1,770 (S1) and 1,760 (S2) bolster levels. Past the present shortcoming, protection levels to watch incorporate 1,796 (R1) and 1,840 (R2),” it said.
Chip producer MOI and analyzer KESM were among the gainers. MI added 16 sen to RM13.56 and KESM 10 sen to RM16.08. JF Tech bounced 14 sen to RM2.05.
Concerning shopper stocks, Ajinomoto was the best gainer, up 36 sen to RM20.96 with 400 offers done, Carlsberg added six sen to RM14.92.
rose in dynamic exchange, increasing seven sen to RM3.77.
Hibiscus was the most dynamic with 147 million offers done, climbing 4.5 sen to 69.5 sen. UMW Oil and Gas added 2.5 sen to 3.5 sen, Alam Maritim two sen to 23.5 sen, KNM and Hubline 0.5 sen hugher at 29 sen and eight sen (Klse Investment Picks). Sumatec increased 0.5 sen to seven sen.
Lotte Chemical Titan fell the most, down 13 sen to RM5.16 with 3.77 million offers done. A fire broke out at one of its plants in Pasir Gudang bbut it was placed out in 10 minutes. Examiners said the fire would have just a minor effect.
Age Credit, Top Glove and Southern Steel lost six sen each to RM12.86, RM5.44 and RM2.31 individually.