KLSE Market Update

Multi Management & Future Solutions

KUALA LUMPUR: Trading on Bursa Malaysia shrank in the morning session on Tuesday in the midst of weaker more extensive business sector as financial specialists kept focused sidelines in front of instabilities on the outer front.

At 12.30pm, the KLCI was down 0.23 of a point or 0.01% to 1,634. Turnover was 620.03 million shares esteemed at RM390.48mil, the most minimal lately and forcefully bring down in worth from Monday's RM520mil. Decliners drove advancers 369 to 248 while 326 counters were unaltered.

China and Hong Kong stocks edged up on Tuesday morning, as financial specialist supposition in worldwide value markets kept on enhancing developing desires that British voters will select to stay in the European Union in the current week's choice.

The ringgit solidified against the significant monetary standards. It was at 4.0518 to the US dollar from 4.0625 the earlier day while it solidified against the pound sterling at 5.9403 from 5.9523 and it was cited at 3.0171 to the Singapore dollar from 3.0269. It progressed against the euro at 4.5905 from 4.6105.

Among the banks and back stocks, HLFG fell 10 sen to RM14.06. CIMB and AmBank shed one sen each to RM4.31 and RM4.39, Maybank and Hong Leong Bank were level at RM8.20 and RM13.24 however Public Bank increased six sen to RM19.22 and .

Rough palm oil for third-month conveyance fell RM13 to RM2,387 – the most reduced since Jan 12 this year on weaker interest for palm oil.

IJM Plantations fell the most, down 16 sen to RM3.28 with only 100 shares done, KL Kepong and PPB Group eight sen lower to RM23.02 and RM16.22, IOI Corp two sen lower at RM4.35 however Sime Darby added three sen to RM7.52.

With respect to buyer stocks, F&N lost 14 sen to RM25.36 however Nestle added 30 sen to RM77 and BAT 16 sen higher at RM50.52.

US light unrefined petroleum fell 21 pennies to US$49.16 and Brent fell 24 sen to US$50.41. Petronas Gas shed two sen to RM21.72, Petronas Dagangan was level at RM23.38 while Petronas Chemicals edged up two sen RM6.42.

Among the heavyweights, Tenaga Nasional shed two sen to RM13.98. With respect to telcos, Axiata surrendered five sen to RM5.53, Digi was level at RM4.68, Maxis and Telekom added one sen each to RM5.74 and RM6.77.

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