Genting, PChem power KLCI to higher close
KUALA LUMPUR: Foreign fund buying of Genting Bhd 
, Petronas Chemicals and Hartalega helped power the FBM KLCI to a higher close on Thursday, outperforming the other key Asian markets.
At 5pm, the KLCI was up 9.89 points or 0.59% to 1,682.97 – after lagging behind the other bourses on Wednesday.
, Petronas Chemicals and Hartalega helped power the FBM KLCI to a higher close on Thursday, outperforming the other key Asian markets.At 5pm, the KLCI was up 9.89 points or 0.59% to 1,682.97 – after lagging behind the other bourses on Wednesday.
Turnover was 2.40 billion shares valued at RM2.04bil. The broader market was firmer with 477 gainers, 331 losers and 409 counters unchanged.
Reuters reported Hong Kong shares slid as China's economy looked poised to report its worst growth figures in a decade. The Hang Seng index settled 0.5% lower.
China's Shanghai Composite Index fell 0.42%, Singapore's STI 0.45% and Japan's Nikkei 225 0.2% lower.
The ringgit weakened 0.07% against the US dollar and the pound sterling to 4.1120 and 5.2906 but inched up 0.18% against the euro at 4.6854 and rose 0.06% against the Singapore dollar at 3.02326.
Genting rebounded 40 sen to RM6.82 and pushed the KLCI up 2.72 points while Genting Malaysia added nine sen to RM3.37, Tenaga was up two sen to RM13.60 and Sime Darby one sen to RM2.34.
MISC fell three sen to RM6.60 and erased 0.23 of a point from the KCLI.
US light crude oil fell 32 cents to US$51.99 and Brent was 31 cents lower at US$61.01.
Petronas Chemicals edged up 12 sen to RM8.40, after the recent bout of selling folowing a downgrade, and nudged the KLCI up 1.68 points, Dialog rebounded 14 sen to RM3.04 following positive reports from analysts, Petronas Dagangan added 18 sen to RM24.98 and Petronas Gas two sen higher at RM17.72.
Crude oil palm rose RM16 to RM2,191 per tonne. IOI Corp added five sen to RM4.67, KL Kepong 10 sen to RM24.30, PPB Group eight sen to RM17.52 and Sime Plantation one sen to RM5.10.
Banks were loswer with Ambank down three sen to RM4.53, Public Bank two sen to RM24.68 and Maybank one sen to RM9.41 while RHB Bank gained two sen to RM5.42 and Hong Leong Bank four sen to RM20.68.
Glove markers were steadier with Hartalega climbing 27 sen to RM5.25 – the best in recent days after the recent selldown – and adding 1.57 points to the KLCI. Top Glove gained three sen to RM4.73.
As for telcos, Digi added three sen to RM4.50, Axiata and Maxis one sen each to RM4.01 and RM5.71.
Tech related stocks were also higher with Vitrox up 38 sen to RM6.48 and KESM 22 sen to RM9.12.
Reuters reported Hong Kong shares slid as China's economy looked poised to report its worst growth figures in a decade. The Hang Seng index settled 0.5% lower.
China's Shanghai Composite Index fell 0.42%, Singapore's STI 0.45% and Japan's Nikkei 225 0.2% lower.
The ringgit weakened 0.07% against the US dollar and the pound sterling to 4.1120 and 5.2906 but inched up 0.18% against the euro at 4.6854 and rose 0.06% against the Singapore dollar at 3.02326.
Genting rebounded 40 sen to RM6.82 and pushed the KLCI up 2.72 points while Genting Malaysia added nine sen to RM3.37, Tenaga was up two sen to RM13.60 and Sime Darby one sen to RM2.34.
MISC fell three sen to RM6.60 and erased 0.23 of a point from the KCLI.
US light crude oil fell 32 cents to US$51.99 and Brent was 31 cents lower at US$61.01.
Petronas Chemicals edged up 12 sen to RM8.40, after the recent bout of selling folowing a downgrade, and nudged the KLCI up 1.68 points, Dialog rebounded 14 sen to RM3.04 following positive reports from analysts, Petronas Dagangan added 18 sen to RM24.98 and Petronas Gas two sen higher at RM17.72.
Crude oil palm rose RM16 to RM2,191 per tonne. IOI Corp added five sen to RM4.67, KL Kepong 10 sen to RM24.30, PPB Group eight sen to RM17.52 and Sime Plantation one sen to RM5.10.
Banks were loswer with Ambank down three sen to RM4.53, Public Bank two sen to RM24.68 and Maybank one sen to RM9.41 while RHB Bank gained two sen to RM5.42 and Hong Leong Bank four sen to RM20.68.
Glove markers were steadier with Hartalega climbing 27 sen to RM5.25 – the best in recent days after the recent selldown – and adding 1.57 points to the KLCI. Top Glove gained three sen to RM4.73.
As for telcos, Digi added three sen to RM4.50, Axiata and Maxis one sen each to RM4.01 and RM5.71.
Tech related stocks were also higher with Vitrox up 38 sen to RM6.48 and KESM 22 sen to RM9.12.
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