Friday, 27 January 2017

Sime Darby hogged the limelight early Friday

 Klse Market Watch

KUALA LUMPUR: Sime Darby hoarded the spotlight early Friday after its proposed corporate practice and its increases supported the FBM KLCI's additions. 

At 9.38am, the KLCI was up 0.21% or 0.01% to 1,692.43. Turnover was 320.76 million shares esteemed at RM97.15mil. There were 157 gainers, 130 washouts and 223 counters unaltered. 

Reuters revealed Asian shares were relentless on Friday and were on track for a strong propel this week, while oil and the dollar clutched picks up in the wake of solid US corporate profit. 


MSCI's broadest record of Asia-Pacific shares outside Japan was minimal changed, yet on track to end the week up 1.9%. Japan's Nikkei rose 0.3%, stretching out additions for the week to 1.7%. 

South Korean markets are shut for occasions on Friday and Monday. Chinese markets are closed for the Lunar New Year occasion and will continue exchange on Friday, Feb. 3. Taiwan is likewise shut for Lunar New Year and will revive on Thursday, Feb. 2. 

In the interim, oil costs plunged, with rising unrefined yield from the US counterbalancing endeavors by OPEC and different makers to slice supplies to prop up the market. 


Brent unrefined fates were exchanging at US$56.14 per barrel at 0132 GMT, down 10 pennies from their last close. US West Texas Intermediate (WTI) unrefined fates dropped 2 pennies to US$53.76 a barrel. 

At Bursa, Sime Darby rose 39 sen to RM9.21 with 2.89 million shares done. Its call warrants C7 rose seven sen to 19.5 sen. 

Sime Darby arrangements to turn off its manors and property organizations in partitioned postings on Bursa Malaysia, while the exchanging and calculated organizations will stay under Sime Darby Bhd, which will hold its recorded status. 


UMW added 12 sen to RM5.93, MPI 11 sen to RM8.14, CCM seven sen higher at RM1.10 while SP Setia and Zhulian rose seven sen each to RM3.33 and RM1.47. 

Petronas Gas fell 40 sen to RM20.54, HLFG 30 sen bring down at RM14.80 while Maybank and Public Bank shed six sen each to RM8.26 and RM20.22. 

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