Wednesday, 8 February 2017

KLCI lower at midday, Ringgit weakens as oil slips

 Stock Picks Malaysia

KUALA LUMPUR: Blue chips fell at the late morning break on Wednesday, following the key Asian markets, while the Ringgit debilitated against the significant monetary standards as unrefined petroleum costs slipped over geopolitical stresses.

At 12.30pm, the FBM KLCI was down 1.16 focuses to 1,687.68. Turnover was 1.26 billion shares esteemed at RM907.57mil. There were 336 gainers, 382 failures and 376 stocks unaltered.

Reuters detailed Asian share markets withdrew on Wednesday and the euro was influenced as questions over the arrangements of US President Donald Trump and a race approaching in France sapped speculator certainty.

MSCI's broadest record of Asia-Pacific shares outside Japan ticked down 0.3%, slipping further from Monday's four-month high, it said.

In the interim, Bloomberg announced the Ringgit dropped to a two-week low after the dollar record hopped Tuesday and as raw petroleum costs fell for a third day.

Axiata chilled out after the current keep running up in its share value, shutting level at RM5.07, Telekom was level at RM6, Digi added one sen to RM5.11, Maxis three sen higher at RM6.28. 


Among the key territorial markets at early afternoon,

Japan's Nikkei 225 was level at 18,909.95;

Hong Kong's Hang Seng Index shed 0.09% to 23,310.29;

CSI 300 lost 0.33% to 3,354.59;

Shanghai's Composite Index was down 0.32% to 3,142.93

Hang Seng China Enterprise shed 0.03% to 9,843.56;

Taiwan's Taiex fell 0.03% additionally to 9,551.90;

South Korea's Kospi was 0.61% lower at 2,062.65 and

Singapore's Straits Times Index fell 0.4% to 3,059.20.

Spot gold crept up seven pennies to US$1,233.92.

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