KUALA LUMPUR: Blue chips progressed early Tuesday with Maxis and Petronas Chemicals leading the pack with experts expecting a pre-Chinese New Year rally.
At 9.40am, the KLCI was up 3.08 focuses or 0.18% to 1,674.39. Turnover was 257.52 million shares esteemed at RM113.01mil. There were 181 gainers, 154 failures and 260 counters unaltered.
Hong Leong Investment Bank (HLIB) Research said share costs on the FBM KLCI may incline higher, which could be a CNY rally in the midst of expanding purchasing enthusiasm inside the list heavyweights.
"In any case, retailers may stay careful and secure close term picks up among the little top and lower liners," it said.
In the mean time, Reuters revealed the US dollar floundered almost seven-week lows in early Asian exchange on Tuesday, influenced by worries about the effect of U.S President Donald Trump's protectionist exchange position.
The dollar record, which tracks the greenback against a bushel of six noteworthy companions, slipped 0.1% to 100.060 , in the wake of tumbling to 99.899, its most reduced since Dec 8.
At Bursa Malaysia, Maxis added seven sen to RM6.06 while Petronas Chemicals and RHB Bank increased five sen each to RM7.18 and RM4.93.
BAT was the top gainer, up 54 sen to RM44.90 and HLFG climbed eight sen to RM14.88.
Stone Master surged five sen to 15 sen in dynamic exchange while UliCorp and MMC Corp crept up five sen each to RM4.15 and RM2.34.
UMW Oil and Gas was the most dynamic, arranging a mellow recuperation after a week ago's selldown. It added 2.5 sen to 70.5 sen with 11 million shares done. Symbol Offshore added 0.5 sen to 46 sen.
AirAsia rose two sen to RM2.46 after the late offering weight. It discredited reports connecting it to a Rolls-Royce plc renumeration case, as the minimal effort transporter said it has had no dealings or exchanges with the United Kingdom motor producer.
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