Thursday, 12 January 2017

Petronas stocks underpin KLCI’s early Thursday advance

 Malaysia Share Market

KUALA LUMPUR: Steady oil costs impelled Petronas-connected stocks higher early Thursday while Maxis additionally observed some firm purchasing interest. 

At 9.13am, the KLCI was up 3.35 focuses or 0.2% to 1,678.56. Turnover was 189.45 million shares esteemed at RM76.14mil. There were 220 gainers, 69 failures and 189 counters unaltered. 

The earlier day saw outside assets developing as net purchasers at RM130.18mil while neighborhood retailers were net merchants at RM37.69mil and nearby organizations net venders likewise at RM892.49mil. 

Oil costs were consistent at an opportune time Thursday after US rough and refined item stocks sent blended messages to the market, with progressing instability over OPEC consistence with arranged yield decreases additionally in core interest. 

US West Texas Intermediate (WTI) raw petroleum fates were exchanging at US$52.24 a barrel at 0040 GMT, for all intents and purposes unaltered from their last settlement, Reuters revealed. 

Petronas Gas rose 34 sen to RM21 with 8,000 shares done while Petronas Dagangan added eight sen to RM23.86 and Petronas Chemicals increased seven sen to RM7.22. 

Shell Refining added six sen to RM2.53, again resisting the takeover offer cost of RM1.92. 

KL Kepong added 12 sen to RM24.24 while ranches timber player Ta Ann added six sen to RM4.22. HLFG was up 10 sen to RM15 and Maxis six sen higher at RM6.18. 

Beat Glove fell 11 sen to RM5.24 in dynamic exchange, Maybank was down four sen to RM8.26 and Telekom three sen bring down at RM6.10. 

Settle fell eight sen to RM75.92, BAT six sen bring down at RM46.52 and Heineken four sen bring down at RM16.36.

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