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Oil refiners keep on trending higher on Bursa

KUALA LUMPUR: The FBM KCI got off to a moderate begin, slipping back 0.44 Focuses to 1,771.32 focuses 10 minutes into the opening chime in the wake of putting in a solid execution in the past session. 



Turnover was 264.5 million offers with an estimation of RM109.87mil. There were 184 advancers to 106 decliners and 198 counters unaltered. 

Asian offers rose to a one-month high, on track for their best yearly execution since 2009, Reuters revealed. 

MSCI's broadest file of Asia-Pacific offers outside Japan was up 0.1 percent at 563.86 focuses, a level last went by in late November. 

Back home, the neighborhood benchmark file saw a few decreases in keeping money heavyweights following the earlier day's rally. Maybank slipped bank two sen to RM9.53 and CIMB plunged one sen to RM6.49. 

Petronas Chemicals likewise fell one sen to RM7.79. 

A few advancers included Tenaga Nasional, rising four sen to RM15.16, Public Bank, increasing two sen to RM20.72 and Sime Darby Plantation, adding one sen to RM5.48. 

On the more extensive market, refiner Hengyuan kept on putting on increases, Rising 60 sen to RM17.10. Petron Malaysia additionally climbed 46 sen to RM14.32. 

Glovemaker Top Glove again observed upward development, rising seven sen to RM7.89. 

Among decliners, Westports shaved off nine sen to RM3.64, Pelikan lost six sen to 82 sen and Edgenta slipped back three sen to RM2.50. 

Oil markets remained relentless after some benefit taking yesterday, following a value surge on Tuesday night because of the assault on a Libyan pipeline. 

US light rough rose one penny to US$59.65 a barrel while Brent unrefined plunged one penny US$66.43 a barrel.

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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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Oil refiners keep on trending higher on Bursa

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