Monday, 6 March 2017

KLCI up nearly 11 points at midday, GentingM and banks up

 Bursa Malaysia Market Price

KUALA LUMPUR: Fund purchasing of Genting Malaysia and banks supported the FBM KLCI's additions at late morning on Monday while Asian markets were for the most part higher with the exception of Japan and South Korea. 

At 12.30pm, the KLCI was up 10.96 focuses or 0.64% to 1,719.34 in the wake of falling more than seven focuses last Friday. Turnover was strong with 1.72 billion shares exchanged esteemed at RM1.07bil. There were 443 gainers, 350 washouts and 352 counters unaltered. 

MRCB rose four sen to RM1.51 on new corporate news including an arrangement to discard its stake in the Eastern Dispersal Link (EDL) roadway. 

In any case, DRB-Hicom fell five sen to RM1.35, the second day of decrease on a news report that tycoon Li Shufu said he's wanting to pull Zhejiang Geely Holding Group Co. out of an offer for Proton Holdings Bhd. 

Magni-Tech fell 16 sen to RM5.04 on benefit taking while Scientex surrendered 10 sen to RM7.44. 

Among the key territorial markets, 

Japan's Nikkei 225 fell 0.44% to 19,383.22; 

Hong Kong's Hang Seng Index rose 0.37% to 23,640.03; 

CSI 300 added 0.46% to 3,443.48; 

Shanghai's Composite Index added 0.37% to 3,230.10; 

Hang Seng China Enterprise gaine d0.53% to 10,198.39; 

Taiwan's Taiex added 0.23% to 9,670.71; 

South Korea's Kospi fell 0.02% to 2,078.31 and 

Singapore's Straits Times Index plunged 0.12% to 3,118.55. 

Spot gold lost 95 pennies to US$1,233.86.

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