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KLCI squeezes out slight increases early Monday as PGas, Sime progress

KUALA LUMPUR: Blue chips climbed early Monday, supported by picks up in Petronas Gas and Sime Darby as speculator feeling solidified after the more grounded than-anticipated financial information discharged a week ago and Bank Negara's uplifting standpoint. 

At 9.15am, the KLCI was up 2.16 focuses or 0.13% to 1,723.82. Turnover was 273 million offers esteemed at RM73.77mil. There were 154 gainers, 137 failures and 216 counters unaltered. 

Be that as it may, Asian offers began the week on the back foot on Monday, forced by a withdraw on Wall Street in the midst of duty change vulnerability while the euro slid after German coalition talks hit an impasse, Reuters revealed. 

MSCI's broadest file of Asia-Pacific offers outside Japan was almost level in early exchange. 

Australian offers were down 0.2%, while Japan's Nikkei stock normal was 0.1% lower. 

Reuters likewise detailed oil markets were lukewarm on Monday as dealers were hesitant to go up against huge new positions in front of an Opec meeting toward the finish of the month, when the maker club is required to choose whether to proceed with yield cuts went for propping up costs. 

Brent unrefined prospects fell 26 pennies to US$62.46 per barrel at 0052 GMT while US West Texas Intermediate rough fates increased two pennies to US$56.57. 

Petronas Gas rose 16 sen to RM16.80 with 5,900 offers done. Sime Darby added nine sen to RM9.06 in front of its EGM to look for investor endorsement for its demerger and posting on Nov 30. 

HL Industries added 20 sen to RM10.20, MPI 20 sen additionally to RM13.30, PMB Tech 12 sen to RM4.32, TRIplc nine sen to RM2.30. BAT added eight sen to RM39.60 and Supermax six sen to RM2.10. 

KESM fell on benefit taking, down 18 sen to RM19, Tong Herr 17 sen yo RM3.58, Vitrox 14 sen yo RM5.40 while Tenaga lost eight sen to RM14.76.

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KLCI squeezes out slight increases early Monday as PGas, Sime progress


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