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Gentle benefit taking early Wednesday, Magni-Tech drives failures

KUALA LUMPUR: Investors brought benefit early Wednesday with refiners Petron and Hengyuan among the decliners while Magni-Tech fell after its disillusioning quarterly outcomes.



At 9.30am, the KLCI was down 2.81 focuses or 0.16% to 1,726.76. Turnover was 423.39 million offers esteemed at RM150.43mil. There were 220 gainers, 151 washouts and 213 counters unaltered.

Kenanga Investment Bank Research said by and large, the specialized viewpoint for the KLCI still stays bearish at this point, in spite of the fact that it has turned step by step impartial in the course of recent days.

"The record is right now amidst retesting its 1,729 (R1) protection. We trust it stands a higher possibility of a breakout now when contrasted with past endeavors, given the enhancing showcases of key markers generally," it said.

Magni-Tech fell the most, down 41 sen to RM5.60 while Gamuda surrendered 14 sen to RM4.76 and Atlan lost 11 sen to RM4.15 in thin exchange. 

Open Bank fell 10 sen to RM201.10, Press Metal nine sen to RM4.87 while Petron and Hengyuan shed eight sen each to RM12.72 and RM11.82.

Vitrox was the best entertainer, up 28 sen to RM5.71. Petronas Dagangan picked up 12 sen to RM24.66 and Petronas Gas eight sen higher at RM16.14. 

QL Resources rose eight sen to RM4.35 and MPI six sen to RM11.60.

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Gentle benefit taking early Wednesday, Magni-Tech drives failures

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