KUALA LUMPUR: Bursa Malaysia chalked up some gentle picks up on Wednesday, with Genting Bhd and Petronas Gas leading the pack, while the ringgit was level against the US dollar.
At 10.31am, the KLCI was up 1.81 focuses or 0.11% to 1,710.71.Turnover was 688.03 million shares esteemed at RM486.83mil. There were 369 gainers, 264 washouts and 347 counters unaltered.
Reuters revealed Japanese stocks ascended on Wednesday morning as the dollar bounced after US Federal Reserve Chair Janet Yellen implied at a loan cost climb one month from now, with money related stocks outflanking on higher yields. The Nikkei increased 1.2% to 19,459.62 in midmorning exchange.
The ringgit was unaltered at 4.4480 against the US dollar.
US rough was down 0.3% at US$53.07 a barrel. Rough as of now went under weight the earlier day on confirmation of surging US stockpiles, the wire report said.
Kenanga Investment Bank said it didn't rebate the likelihood of the KLCI taking a solid breather before continuing its uptrend direction.
"Prompt upside resistance stays topped at 1,729 (R1) trailed by 1,744 (R2) next. Bolster levels are attached to 1,700 (S1) and 1,680 (S2)," it said.
BAT rose 50 sen to RM48.50,UMW added 16 sen to RM5.75, Petronas Gas and KESM 12 sen higher to RM20.72 and RM9.65 while Genting added 11 sen to RM8.72.
UEM Sunrise rose two sen to RM1.19 and Alam Maritim 2.5 sen in dynamic exchange. KFM rose 5.5 sen to 24 sen after it was given more opportunity to regularize its money related condition.
HLFG fell 24 sen to RM15.26, KLK 14 sen to RM24.96 and Petron 13 sen bring down at RM4.97.
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