KLCI up 0.19%, stays above 1,760 level

TheEdge Fri, Oct 06, 2017 10:12am - 6 years View Original


KUALA LUMPUR (Oct 6): The FBM KLCI remained in positive territory at mid-morning today, tracking the uptrend at most regional markets.

At 10am, the FBM KLCI rose 3.29 points to 1,762.38.

Gainers led losers by 298 by 189, while 324 counters traded unchanged. Volume was 647.09 million shares valued at RM281.77 million.

The gainers included DanaInfra Nasional Bhd, KESM Industries Bhd, Kuala Lumpur Kepong Bhd, Aeon Credit Service (M) Bhd, Petronas Dagangan Bhd, Genting Plantations Bhd, Petron Malaysia Refining & Marketing Bhd and UMW Holdings Bhd.

The actives included Borneo Oil Bhd, Hibiscus Petroleum Bhd, M3 Technologies (Asia) Bhd, Palette Multimedia Bhd, Sino Hua-An International Bhd, RGB International Bhd and IFCA MSC Bhd.

The decliners included Kossan Rubber Industries Bhd, Ajinomoto (M) Bhd, Magni-Tech Industries Bhd, Hartalega Holdings Bhd, UEM Edgenta Bhd, Eng Kah Corp Bhd and Gas Malaysia Bhd.

Asian stocks rose on Friday after optimism over US tax reform plans lifted Wall Street shares to new highs, while the US dollar hovered near a seven-week peak following additional indications of solid economic growth, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.1%, poised for a 1.4% gain on the week, it said.

Hong Leong IB Research in a traders' brief today said on the back of recent better-than-expected economic data and expectation of a positive September payroll report last night, coupled with the optimism of Trump's tax reforms and the 3Q17 results season next week, the Dow may trade higher towards 23,000-23,500 zones in the near term, and it remains optimistic that the ongoing uptrend may continue towards 22,700-22,800 before another round of profit-taking pullback.

"On the local front, we think the market may stay on a consolidation phase amid persistent foreign outflows, tracking weaker ringgit, dragged by the recent hawkish Fed statement and optimism of US tax overhaul," it said.

 

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.






Related Stocks

AEON 1.100
AEONCR 6.120
AJI 18.600
BORNOIL 0.005
EDGENTA 0.950
ENGKAH 0.400
GASMSIA 3.450
GENP 6.150
GENTING 4.720
HARTA 2.750
HIBISCS 2.540
IFCAMSC 0.355
KESM 6.220
KLK 22.300
KOSSAN 1.960
MAGNI 2.220
PETDAG 21.500
PETRONM 4.650
RGB 0.302
TECHNAX 0.010
UCREST 0.110
UMW 4.970
XOXTECH 0.055

Comments

Login to comment.