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Bursa opens higher for second day running

KUALA LUMPUR: Bursa Malaysia opened higher for the second back to back day this week on recharged purchasing enthusiasm in the midst of the more grounded ringgit. 

At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) remained at 1,778.71, up 0.24 of-a-point, from yesterday's end of 1,778.47. 

The key record opened 0.41-of-a-point higher at 1,778.88. 

The market expansiveness was certain as gainers drove washouts 191 to 91 with 231 counters unaltered, 1,236 untraded while 17 others were suspended. 

Turnover remained at 224.86 million shares worth RM77.63 million. 

Hong Leong Investment Bank Research said the more grounded ringgit, which exchanged underneath RM4.35 against the US dollar, could be here and now positive for the market. 

"It might be profiting auto and aeronautics segments," it said in a note today. 

The neighborhood note opened firmer against the greenback at RM4.31 at the beginning of today. 

The examination house additionally said the better execution on the neighborhood bourse was likewise in accordance with the positive exchanging condition in abroad markets. 

"We opine that the shares on Bursa Malaysia are probably going to slant higher while the FBM KLCI could hold over the 1,770 level," it said. 

Among heavyweights, Maybank added two sen to RM9.62, CIMB Group increased three sen to RM5.91, Genting Malaysia livened one sen to RM6 yet Tenaga edged down two sen to RM13.90. 

Of gainers, Vitrox progressed 36 sen to RM6.12, Poly Glass added 26.5 sen to 87 sen, Dutch Lady reinforced 20 sen to RM58 and Hong Leong Industries was 16 sen higher at RM10.38. 

Effectively exchanged stocks included Dagang Nexchange and its warrant which rose 2.5 sen and one sen, individually, to 69 sen and 36 sen, separately, Anzo enhanced two sen to 32.5 sen and M3Tech was a large portion of a-sen better at nine sen. 

FBM Emas Index extended 2.57 Focuses to 12,712.87, the FBMT100 Index enhanced 2.72 focuses to 12,337.46, the FBM 70 acknowledged 7.17 focuses to 15,193.38 and the FBM Ace bounced 39.68 focuses to 6,313.23. 

The FBM Emas Shariah Index, be that as it may, fell 5.95 focuses to 12,993.93. 

Sectorwise, the Plantation Index climbed 17.87 focuses to 8,085.93, the Finance Index was 26.60 focuses better at 16,498.52 however the Industrial Index facilitated .45 focuses to 3,238.53.

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This post first appeared on Bursa Malaysian Intraday Stock Picks | KLSE Trading Signals | Intraday Recommendation, please read the originial post: here

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Bursa opens higher for second day running


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