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KLCI regains buying support, PetChem and Tenaga boost

KUALA LUMPUR: Petronas Chemicals and Tenaga Nasional supported the FBM KLCI's recuperation at noontime at Thursday, amplifying its increases from the earlier day however the more extensive market was blended and raw petroleum costs slipped. 

At 12.30pm, the FBM KLCI was up 3.31 focuses or 0.18% to 1,633.61. Turnover was 993.37 million shares esteemed at RM502.60mil. There were 271 gainers, 330 failures and 336 counters unaltered. 

The ringgit slipped against the US dollar to 4.4843 from 4.4835 while the one-month non-deliverable forward was at 4.5050. It additionally debilitated against the Singapore dollar to 3.0940 from 3.0903. 

It moved against the pound sterling to 5.4950 from 5.4954 and was at 4.6886 against the Euro from the earlier day's end of 4.6816. 

Reuters reported China stocks turned around early misfortunes and edged higher on Thursday morning in the midst of indications of facilitating liquidity push. The CSI300 file Rose 0.2% to 3,309.78 and the Shanghai Composite Index increased 0.2% to 3,109.14. 

The Hang Seng record dropped 0.1% to 21,733.26, while the Hong Kong China Enterprises Index lost 0.3% to 9,275.77. 

At Bursa Malaysia, FoundPac was among the top gainers on its posting debut on the Main Market, up a solid 13.5 sen to 67.5 sen with about 41 million shares done. 

US oil costs fell on Thursday after an industry report demonstrated a shock work in the nation's rough inventories, while Brent fates fell off early lows to exchange barely higher, Reuters reported. US light rough prospects fell 24 pennies to $53.82 and Brent shed two pennies to US$56.20. 

Petronas Chemicals rose six sen to RM6.93 and bumped the KLCI up 0.78 of a point while Petronas Gas rose two sen to RM21.30 and Petronas Dagangan was level at RM23.50. 

Sumatec was up one sen to 7.5 sen and it was the most dynamic with 112 million shares done while KNM added 1.5 sen to 35.5 sen. 

Tenaga rose eight sen to RM13.68 and pushed the KLCI up 0.74 of a point. IJM Corp increased eight sen to RM3.27. 

Among the banks, Hong Leong Bank was the top gainer, up 18 sen to RM13.26, Public Bank added two sen to RM19.70, Maybank added one sen to RM7.96 while CIMB was level at RM4.56. 

Rough palm oil for third month conveyance shed RM2 to US$3,106 per ton. IOI Corp rose six sen to RM4.41, KL Kepong added four sen to RM23.72 and PPB Group two sen higher at RM15.90. Sime Darby added four sen to RM8.12. 

Among the purchaser stocks, F&N recaptured footing and added 44 sen to RM23.30 however Nestle fell RM1.02 to RM77.48 and BAT was down 42 sen to RM42.98. 

With respect to telcos, Maxis fell the most, down eight sen to RM6.02 and Axiata shed four sen to RM4.58 however Digi rose two sen to RM4.96 and Telekom five sen hiugher at RM6.08. 

Spot gold added US$7.62 to US$1,149.29.

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KLCI regains buying support, PetChem and Tenaga boost


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