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| Multi Management & Future Solution | KLCI |
KUALA LUMPUR: Blue chips saw unpredictable exchange early Monday, as purchasing interest figured out how to counterbalance MAHB's tumble after the most recent political improvements in Turkey, however whether the upward pattern can be managed stays to be seen.
At 9.43am, the KLCI was up 1.84 focuses or 0.11% to 1,670.24, off the prior low of 1,663.34.
Turnover was 274.55 million shares esteemed at RM157.41mil. There were 223 gainers, 156 washouts and 239 counters unaltered.
Kenanga Investment Research said from an outlining point of view, the FBM KLCI's essential pattern stays down, with the 50-week SMA solidly underneath the 100-week simpole moving normal (SMA).
"All things considered, a week ago's upwards push brought about a breakout of the shorter term combination stage (1,620-1,650). In the meantime, the RSI and Stochastic markers have both snared upwards to mirror a get in bullish force over the close term.
"From here, we anticipate that the KLCI will be one-sided to the upside this week, with overhead resistance levels at 1,670 (R1) and 1,700 (R2) next. Drawback bolster levels are 1,662 (S1) and 1,643 (S2) further down," it said.
Securities exchange information demonstrated remote assets kept on being net purchasers on Bursa Malaysia last Friday at RM249.03mil. In any case, retail speculators and neighborhood establishments were net venders at - RM35.66mil and - RM213.37mil.
Reuters reported oil costs were minimal unaltered in early Asian exchange on Monday as merchants disregarded the effect of Friday's endeavored upset in Turkey.
A more grounded dollar weighed on costs, albeit playful financial information from the United States and China that bolstered the standpoint for worldwide oil request loaned support.
US rough prospects fell 12 pennies to US$45.83 a barrel as 0041 GMT subsequent to consummation the past session up 27 pennies, increasing more than 1% for the week. Brent unrefined fates slipped one penny to US$47.60 a barrel in the wake of quitting for the day pennies in the past session, having picked up almost 2% for the week.
At Bursa Malaysia, Oriental Interest Bhd (OIB) was the top gainer, up 21 sen to RM3.30 with 28,500 shares done.
KL Kepong added 20 sen to RM23.36 while KESM picked up 16 sen to RM5.75. MISC added nine sen to RM7.54.
Auto related organizations CCB and MBM Resources progressed. CCB added 16 sen to RM3.36 and MBMR 14 sen to RM2.33.
Hub REIT rose nine sen to RM1.85 taking after the proposed changes to REITs furthermore the cut in loan costs.
Hibiscus Petroleum rose 2.5 sen to 21 sen in dynamic exchange while TH Heavy added 0.5 sen to seven sen.
AirAsia rose four sen to RM2.81.
MAHB fell 35 sen to RM6.09 yet off the low of RM6 with 1.89 million shares done.
Dutch Lady lost 70 sen to RM60.30 and Heneiken eight sen to RM16.98.
Among the money related stocks, LPI and HLFG lost six sen each to RM16.10 and RM15.08 while AFG was down five sen to RM4.08.
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