KUALA LUMPUR: Blue chips kept on recouping early Wednesday for the second day after Monday's tumble, with Petronas Gas and Hong Leong Bank supporting the FBM KLCI, while the Ringgit solidified against the US dollar. At 10am, the KLCI was up 3.43 focuses or 0.21% to 1,666.46. Turnover was 531.27 million shares esteemed at RM213.22mil. There were 261 gainers, 207 failures and 283 counters unaltered. The Ringgit rose 0.36% to 4.4440 against the dollar from the past close of 4.4600.Year-to-date, the ringgit is up 0.91% to the greenback.
Reuters detailed the US dollar record floundered close to six-week lows on Wednesday, constrained by U.S. President-elect Donald Trump's remarks demonstrating worry over the cash's quality, while sterling edged down subsequent to posting its greatest one-day pick up since no less than 1998 after British Prime Minister Theresa May sketched out her "Brexit" arranges.
Unrefined petroleum prospects edged higher on Wednesday with a weaker dollar supporting the market, despite the fact that additions were constrained by desires that U.S. makers would support yield, Reuters included.
US West Texas Intermediate (WTI) raw petroleum fates were exchanging up three pennies at US$52.51 per barrel at 0058 GMT. Brent unrefined petroleum, the global benchmark at oil costs, was up four pennies US$55.51 a barrel. Petronas Gas rose 22 sen to RM20.12 while Hong Leong Bank added eight sen to RM13.32.
Ekovest added nine sen to RM2.61 with 3.07 million shares done after it reported arrangements to manufacture a RM6.32bil turnpike that comprises of Kampung Baru Link, Istana Link and Kapar Link Expressway in the Klang Valley. The new road will be connected to the current DUKE interstate. Toyo Ink added 9.5 sen to 60 sen while KESM and Solid Automotive added eight sen each to RM10.08 and RM1.34. Matang, which was recorded on Tuesday, was the most dynamic with 44.1 million shares done. It was level at 14 sen. BAT fell the most, down 16 sen to RM44.84 with 2,200 shares done.
No comments:
Post a Comment