Blue chips level early Monday, Supermax in center

KUALA LUMPUR: Blue chips were level early Monday as speculators looked for leads from stores while glove creator Supermax fell after its overseeing chief Datuk Seri Stanley Thai was indicted for insider exchanging APL Industries shares. 

At 9.32am, the FBM KLCI was down 0.03 point to 1,717.20. Turnover was 296.28 million offers esteemed at RM119.09mil. There were 208 gainers, 211 failures and 242 counters unaltered. 

Asian stocks drifted almost 10 years high on Monday as a vigorous business viewpoint kept on supporting speculator hazard hunger, while the euro achieved a two-month top against the US dollar, Reuters announced. 

MSCI's broadest record of Asia-Pacific offers outside Japan was a shade bring down at 567.94, still in striking separation of a 10-year pinnacle of 570.21 on Thursday. 

US oil costs stayed almost two-year highs on Monday on the back of the continuous conclusion of the Keystone pipeline associating Canada and the US, while desires of broadened OPEC-drove supply cuts likewise bolstered markets. 

US West Texas Intermediate (WTI) unrefined fates slipped four pennies to US$58.91 a barrel at 0029 GMT. Brent unrefined fates were level at US$63.84 a barrel. 

At Bursa Malaysia, Supermax fell 15 sen to RM1.94, in the wake of tumbling to an early low of RM1.79. There were 10.16 million offers done. Its call warrants C30 tumbled 9.5 sen to 23.5 sen. 

Supermax-C29 was the most dynamic with 34 million units exchanged. It fell 3.5 sen to 4.5 sen. 

Ann Joo fell 16 sen to RM3.72, Ann Joo-PA fell 11 sen to RM2.29, CSC Steel lost 11 sen to RM1.60. 

Batu Kawan lost 20 sen to RM19.70 and KL Kepong 14 sen to RM24.36. 

UMW-OG rose one sen to 31 sen. It conveyed a center net loss of RM148mil for the nine months finished Sept 30, 2017 which made up 78% of CIMB Equities Research's past entire year center net misfortune estimate, and 42% of agreement. 

Settle rose 84 sen to RM92.80, HL Industries 14 sen to RM9.95, Lafarge 12 sen to RM6.90 while Lii Hen and Prestariang increased eight sen each to RM3.83 and RM1.43. 

Petron picked up 12 sen to RM12.28 while Petronas Dagangan and Hengyuan added 10 sen each to RM23.70 and RM10.82.

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KLCI squeezes out slight increases early Monday as PGas, Sime progress

KUALA LUMPUR: Blue chips climbed early Monday, supported by picks up in Petronas Gas and Sime Darby as speculator feeling solidified after the more grounded than-anticipated financial information discharged a week ago and Bank Negara's uplifting standpoint. 

At 9.15am, the KLCI was up 2.16 focuses or 0.13% to 1,723.82. Turnover was 273 million offers esteemed at RM73.77mil. There were 154 gainers, 137 failures and 216 counters unaltered. 

Be that as it may, Asian offers began the week on the back foot on Monday, forced by a withdraw on Wall Street in the midst of duty change vulnerability while the euro slid after German coalition talks hit an impasse, Reuters revealed. 

MSCI's broadest file of Asia-Pacific offers outside Japan was almost level in early exchange. 

Australian offers were down 0.2%, while Japan's Nikkei stock normal was 0.1% lower. 

Reuters likewise detailed oil markets were lukewarm on Monday as dealers were hesitant to go up against huge new positions in front of an Opec meeting toward the finish of the month, when the maker club is required to choose whether to proceed with yield cuts went for propping up costs. 

Brent unrefined prospects fell 26 pennies to US$62.46 per barrel at 0052 GMT while US West Texas Intermediate rough fates increased two pennies to US$56.57. 

Petronas Gas rose 16 sen to RM16.80 with 5,900 offers done. Sime Darby added nine sen to RM9.06 in front of its EGM to look for investor endorsement for its demerger and posting on Nov 30. 

HL Industries added 20 sen to RM10.20, MPI 20 sen additionally to RM13.30, PMB Tech 12 sen to RM4.32, TRIplc nine sen to RM2.30. BAT added eight sen to RM39.60 and Supermax six sen to RM2.10. 

KESM fell on benefit taking, down 18 sen to RM19, Tong Herr 17 sen yo RM3.58, Vitrox 14 sen yo RM5.40 while Tenaga lost eight sen to RM14.76.

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Sime, Genting lift KLCI early Friday

KUALA LUMPUR: After four straight days of misfortunes, speculator notion livened up somewhat early Friday, supported by picks up in aggregate Sime Darby and Genting Bhd 

At 9.25am, the FBM KLCI rose 6.12 focuses or 0.36% to 1,724.23. Turnover was 273.52 million offers esteemed at RM107.76mil. There were 243 gainers, 131 failures and 234 counters unaltered. 

Asian offers ascended on Friday as solid US income and a stage forward in the US Congress on charge change lit up the state of mind, despite the fact that speculators noticed that numerous more obstacles must be passed to achieve a last arrangement on tax reductions, Reuters revealed. 

MSCI's broadest list of Asia-Pacific offers outside Japan rose 0.1% while Japan's Nikkei increased 0.9%, expanding its recuperation from a close to three-week intraday low hit the earlier day. 

Maybank Investment Bank Research said following the overnight ricochet on Wall Street and desire of a strong 3Q GDP development for Malaysia, it accepts there could be some deal chasing on chose blue chips. 

Sime Darby rose seven sen to RM9.07 after its stellar first quarter results and leader of the demerger of its ranches and property business on Nov 30. 

"Look after Add, with unaltered SOP-based target cost of RM10. We expect Sime Darby's offer cost to rerate on its intends to independently list its ranch and property units," said CIMB Equities Research. 

Genting Bhd added 11 sen to RM9.03. 

Settle was the best gainer, up 66 sen to RM92.16, F&N added 34 sen to RM25.90. 

Petronas Dagangan picked up 24 sen to RM23.60 with three 300 offers done, Kossan added 23 sen to RM8.23, Kim Loong 22 sen to RM8.23 and HL Industries 20 sen to RM10.30. 

Terrific Hoover, which hit restrict up on Thursday, proceeded with its progress to climb 16 sen to RM1.08. 

Kejuruteraan Asastera Bhd (KAB), which made its introduction on the ACE Market, added 4.5 sen to 29.5 sen with 61 million offers done. 

Allianz fell 40 sen to RM14.20, Heineken and YSP Southeast Asia 14 sen each to RM17.96 and RM2.72. Tomei fell 8.5 sen to 75.5 sen, BHIC and Ann Joo five sen each to RM1.93 and RM3.75. 

Reuters announced oil costs steadied on Friday after late decreases, however were on track for their first week after week fall in a month and a half as worries about surging U.S. supplies put an imprint in the market's current rally. 

Brent rough prospects, the universal benchmark at oil costs, were at US$61.31 per barrel at 0136 GMT, down five pennies from their last close. US West Texas Intermediate (WTI) unrefined fates were at US$55.32 a barrel, up 18 pennies, or 0.3%, from their last settlement. 

In any case, Brent was on track to fall around 3.4% for the week and WTI 2.5% on stresses over development in US generation and inventories, after the two benchmarks touched close to more than two year highs a week ago.

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