Friday 20 January 2017

Markets cautious ahead of Trump inauguration, UMW surges

 Stock Trading Tips

KUALA LUMPUR: Key Asian markets including Bursa Malaysia were repressed in early Friday exchange as their in front of US President-elect Donald Trump's initiation later in the day. 

At 9.31am, the FBM KLCI was down 0.54 of an indicate or 0.03% 1,665.97. Turnover was 250.57 million shares esteemed at RM103.82mil. There were 133 gainers, 139 failures and 218 counters unaltered. 

Reuters detailed alert was the name of the amusement in monetary markets on Friday in front of Trump's introduction, with Asian stocks and the dollar pulling back and US Treasury yields floating close to their most astounding close this year. 

MSCI's broadest record of Asia-Pacific shares outside Japan slipped 0.1%, and looked set to end the week level. 

In items, oil ascended after the International Energy Agency said oil markets had been fixing much more as cuts concurred by makers produced results. Still, increases were tempered by worries about swelling US inventories, Reuters revealed. 

US rough added 0.2% to US$51.52 per barrel, pulling further far from Wednesday's one-week low. 

UMW Oil and Gas fell 6.5 sen to 82 sen with 2.95 million shares done yet UMW bounced 44 sen to RM5.06. Symbol Offshore was the most dynamic with 29.89 million shares done, hopping 3.5 sen to 47 sen. 

UMW proposed to appropriate its shareholding of 55.73% in UMW-OG to UMW shareholders and this is required to be finished by April 2017. 

MPI fell 16 sen to RM7.71, Petronas Gas 14 sen bring down at FRM20.02, Genting Malaysia lost five sen to RM4.78 and Public Bank four sen bring down at RM20.06. 

Shell Refining kept on climbing, adding nine sen to RM2.87 after the board and autonomous counselor advised minority shareholders to dismiss the RM1.92 takeover offer. 

Uli Corp bounced 23 sen to RM4.20 and Innoprise added eight sen to RM1.43 while Scientex increased seven sen to RM6.87. 

TH Heavy rose one sen 16.5 sen in dynamic exchange.

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