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Tenaga, Hong Leong Bank shore up KLCI at midday

KUALA LUMPUR: After breaking however the resistance level of 1,730 prior on Tuesday,the FBM KLCI was not able clutch the greater part of the increases at early afternoon as a few dealers saw the time had come to take benefit. 

Tenaga Nasional and Hong Leong Bank, banks and ranches bolstered the KLCI. 

At 12.30pm, the KLCI was up 1.4 indicates or 1,728.76. Turnover was 1.83 billion shares esteemed at RM1.30bil. Advancers drove gainers 467 to 319 while 358 counters were unaltered. 

A specialized chartist said the KLCI should close over the 1,730 on Tuesday for a persuading achievement. 

On Monday, the KLCI quit for the day focuses or 1.11% on remote reserve purchasing, with net purchasing at about RM80mil. 

The ringgit slipped against the US dollar to 4.4495 from 4.4480 and debilitated against the Singapore dollar to 3.1579 from 3.1559. Be that as it may, it solidified against the pound sterling to 5.4495 from 5.4559 and progressed against the euro to 4.7128 from 4.7262. 

Tenaga Rose eight sen to RM13.76, Genting Bhd one sen higher at RM9.42 yet Genting Malaysia fell three sen to RM5.49. 

Among the monetary and banks, AeonCredit rose 22 sen to RM15.70 and Hong Leong Bank added 18 sen to RM13.62, RHB Bank picked up 10 sen to RM5.22 and AmBank eight sen higher at RM4.98 and Maybank rose four sen to RM8.86. CIMB fell four sen to RM5.42 and Public Bank shed two sen to RM19.92, 

With more framework ventures to be taken off, bond players likewise moved with Lafarge up 12 sen to RM6.67 and Tasek 10 sen higher at RM13.10. 

Concerning telcos, Axiata and Maxis crept up one sen each to RM4.71 and RM6.39, Digi rose two sen to RM5.06 yet Telekom lost four sen to RM6.24. 

US light unrefined petroleum shed three pennies to US$53.17 and Brent was down eight pennies to US$55.93. Petronas Gas fell 16 sen to RM19.66 and Petronas Daganagan shed two sen to RM24.38 yet Petronas Chemicals rose four sen to RM7.47. 

Rough palm oil for third-month conveyance lost RM25 to RM2,868 per ton. KL Kepong rose 20 sen to RM24.58 and PPB Group added 14 sen to RM16.78 while IOI Corp added three sen to RM4.73 yet Sime Darby shed two sen to RM9.12. 

World palm oil creation is figure to climb 11 percent to 65 million tons this year from 58.3 million tons a year back as close immaculate climate helps yields, a senior industry authority was cited by Reuters as saying on Tuesday. 

Hovid-WB rose four sen to 20.5 sen and Hovid added three sen to 34.5 sen in dynamic exchange after its Chemor plant got the regualtor's endorsement to resume operations.

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Tenaga, Hong Leong Bank shore up KLCI at midday


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