Tuesday, 16 May 2017

KLCI Market Update

KUALA LUMPUR: -The FBM KLCI progressed in early exchange early today in accordance with local markets on the back of the overnight picks up at Wall Street. 

At 9.05am, the FBM KLCI rose 7.03 focuses to 1,785.68. 


The top gainers included Public Bank Bhd, Petronas Dagangan Bhd, Iskandar Waterfront City Bhd, Petronas Gas Bhd, PPB Group Bhd, Hong Leong Bank Bhd, MISC Bhd, Hengyuan Refining Company Bhd, DG Express Carrier Bhd and MNRB Holdings Bhd. 

Asian stocks are set to ascend in opening exchange on Tuesday taking after overnight picks up on Wall Street, while oil is set to augment seven days in length rally after real makers Saudi Arabia and Russia said supply slices expected to proceed into 2018, as indicated by Reuters.

MSCI's broadest list of Asia-Pacific offers outside Japan rose 0.6 percent to its largest amount since June 2015. Early Asian markets, for example, Australia are set to lead the district higher, with metal and oil partakes in center, it said.

JF Apex Securirties Research in a market see today said US markets progressed overnight with the Nasdaq and S&P hitting record highs driven by tech and vitality counters. 

It said that before, European stocks additionally surged to new highs after oil costs were lifted by understanding by Saudi Arabia and Russia to broaden creation cuts until March 2018.

"On the nearby market, the FBM KLCI added 2.78 focuses to 1778.65 focuses following a very late surge.

"Taking after the bullish execution in the US and Europe, the FBM KLCI could move towards its resistance of 1785 focuses," it said.


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