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Tenaga, Maybank lift KLCI at midday, key markets in the red

KUALA LUMPUR: Tenaga Nasional and Maybank shored up the blue chips at early afternoon on Friday in front of the long end of the week while most key Asian markets were lower on benefit taking. 

At 12.30pm, the KLCI was up 1.62 focuses or 0.1% to 1,769.54. Turnover was 1.53 billion shares esteemed at RM1.13bil. There were 411 gainers, 358 washouts and 401 counters unaltered. 

The ringgit debilitated against the real monetary standards with the exception of the Euro. It tumbled to 4.3485 to the US dollar from 4.3468 the earlier day, debilitated against the pound sterling to 5.6121 from 5.6027 and edged lower against the Singapore dollar to 3.1147 from 3.1133. In any case, it was higher against nthe Euro at 4.7250 from 4.7422. 

MSCI's broadest record of Asia-Pacific shares outside Japan likewise fell 0.2% however is on track to end the week up 1.7%, which would be its greatest week in six. Prior in the week, it hit a right around two-year high, Reuters detailed. 

At Bursa, Tenaga rose 12 sen to RM13.98 and pushed the KLCI up 1.12 focuses as examiners expected solid profit in the second half. 

Genting Malaysia rose three sen to RM5.86 and Genting Bhd one sen higher at RM9.84. 

US light raw petroleum Rose 47 pennies to US$49.44 and Brent picked up 48 pennies to US$51.92. Petronas Dagangan added two sen to RM24.08 however Petronas Chemicals and Petronas Gas shed two sen each to RM7.36 and RM18.72. 

Rough palm oil for third-month conveyance fell RM1 to RM2,505 per ton. IOI Corp lost nine sen to RM4.52, KL Kepong and PPB Group were level at RM24.52 and RM17 while Sine Darby shed one sen to RM9.32.Genting Plantations-WA rose 12 sen to RM3.60. 

Concerning telcos, Axiata, Digi and Maxis were level at RM5.16, RM5.15 and RM6.44 separately while Telekom edged up one sen to RM6.46. 

Southern Steel hopped 18 sen to RM1.57 and the credit stocks, LB added 12 sen to RM1.40 after the firmer outcomes. Its second from last quarter profit were RM31.87mil contrasted and net misfortunes of RM8.9mil a year back. 

MFCB offers and the warrants rose 11 sen each to RM3.79 and RM2.15. 

Scientex fell the most, down 27 sen to RM8.37 on benefit taking. 

Among the customer stocks, F&N lost 22 sen to RM24.88, Kawan was down 10 sen to RM4.30 and Nestle eight sen bring down at RM82.22. Berjaya Food and its warrants lost eight sen each to RM1.73 and 13 sen each. BAT was level at RM45. 

Among the key local markets, 

Japan's Nikkei 225 fell 0.18% to 19,218.05; 

Hong Kong's Hang Seng Index lost 0.45% to 24,588.27; 

CSI 300 was down 0.67% to 3,423.68; 

Shanghai's Composite Index lost 0.34% to 3,141.55; 

Hang Seng China Enterprise surrendered 0.26% to 10,234.95; 

Taiwan's Taiex edged down 0.13% 9,847.89; 

South Korea's Kospi was down 0.15% to 2,206.13; yet 

Singapore's Straits Times Index added 0.14% to 3,175.91. 

Spot gold rose US$1.18 to US$1,265.48.

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Tenaga, Maybank lift KLCI at midday, key markets in the red


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