Monday, 14 August 2017

Bursa Malaysia closes on firm note

KUALA LUMPUR: Genting Malaysia, IHH Healthcare and Petronas Chemicals (PetChem) supported the FBM KLCI firm execution on Monday following key Asian markets. 

At 5pm, the 30-stock list shut down at 1,771.15, up 4.12 focuses. The market exchanged inside a scope of 6.19 focuses between an intra-day high of 1,772.56 and a low of 1,766.37 amid the session. The neighborhood bourse opened 0.45 of-a-point less demanding at 1,766.50 early today. 



In the more extensive market, there were 506 stocks progressing against 316 stocks declining while 384 counters unaltered. Around 1.52 billion offers, esteemed at RM1.69bil, changed hands. 

Securities exchange information demonstrated remote assets were net purchasers at RM60.28mil. Nearby organizations and retailers were net merchants at RM41.16mil and RM19.12mil individually. 

On Bursa Malaysia, KESM was the best gainer, up RM1.18 to RM15, Malaysian Pacific Industry rose 36 sen to RM13.12 while Lotte Chemical Titan Holding added 34 sen to RM4.70. 

Top washouts on Bursa Malaysia included United Plantations, which fell 28 sen to RM28 while Hengyuan declined 21 sen to RM7.50. 

Genting Malaysia was one the mover among the KLCI stocks, pushing the record up 1.8693 focuses. It shut 19 higher at RM6. IHH Healthcare and PetChem added nine sen each to RM6 and RM7.11 separately. 

Reuters announced that oil costs plunged on Monday as a log jam in Chinese refining action development cast questions over its rough request standpoint, while rising U.S. shale yield proposed supplies would likely stay high. 

Universal benchmark Brent raw petroleum costs were exchanging at US$51.92 per barrel, down 18 pennies. 

US West Texas Intermediate (WTI) rough was down 12 pennies at US$48.70 a barrel. 

Somewhere else in the area, most Asian markets were exchanging green. The CSI300 file rose 1.3%, to 3,694.68, while the Shanghai Composite Index increased 0.9% to 3,237.36 focuses while the Hang Seng list rose 1.4% to 27,250.23 focuses. 

The Nikkei finished 1% bring down at 19,537.10, the most reduced shutting level since May 2. The South Korean's KOSPI quit for the day at 2,334.22 focuses. 

In the interim, European offers appreciated an alleviation rally on Monday after geopolitical pressure had sent them to their most noticeably awful week by week misfortunes of the year. 

The container European STOXX 600 rose 0.7% while euro zone stocks and blue-chips bounced 0.9%. London's FTSE 100 rose 0.51% to 7,347.43 focuses, France's CAC 40 increased 0.85% to 5,104.01 while Germany's DAX climbed 1.02% to 12,136.47.

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