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KLSE Stock Picks-Moderate day for Bursa as exchanging volume diminishes in front of CNY

KLSE Stock Picks: Bursa Malaysia finished Wednesday on a calm note as exchanging dwindled underneath two billion offers in front of the Chinese New Year holidays which start on Friday. 



Exchanging on Thursday is just for a large portion of a day with most punters and dealers away for the occasions. 

At 5pm, the FBM KLCI was up 1.91 focuses or 0.1% to 1,834.93. Turnover tumbled to 1.93 billion offers esteemed at RM1.98bil. There were 580 gainers, 338 failures and 376 counters unaltered. 

Hong Kong stocks bounced back 2.27% to 30,515 on Wednesday, with the benchmark Hang Seng Index posting its greatest one-day rate ascend since May 2016, Reuters detailed. 

China's principle Shanghai Composite record quit for the day at 3,199.4757. Territory markets are shut from Feb. 15-21 for the occasion. 

The ringgit rose 0.45% to the US dollar at 3.9215 and progressed 0.03% to the pound sterling at 5.4568 wgile it increased 0.13% to the Singapore dollar 2.9744. In any case, it slipped 0.06% to the euro to 4.8569. 

Customer stocks were among the best gainers, with Nestle picking up 50 sen to RM117.30, Dutch Lady 38 sen to RM63.68, Carlsberg 18 sen to RM16.66 and F&N 16 sen to RM29.98. 

Glove creators were likewise Higher driven by Hartalega, up 44 sen to RM11.78, Top Glove 22 sen to RM9.47 and Kossan 20 sen to RM8.70. 

Southern Steel drove steel stocks higher after its solid profit and as experts were playful about the steel stocks. It endd the day up 28 sen to RM2.28. 

Malaysia Airports, which hit a turbulence on Tuesday, manaaged to recover some portion of the earlier day's misfortunes to wind up 17 sen to RM8.57. 

US light unrefined petroleum fell 53 pennies to US$58.66 and Brent was down 41 pennies to US$62.31 on rising curde oil supplies. 

Petronas Chemical pushed the KLCI up 1.42 focuses and it was the greatest mover when it shut everything down sen to RM8.08. Petronas Dagangan rose two sen to RM25.05 yet Petronas Gas lost 30 sen to RM17.50. 

Hibiscus hopped 13 sen to 90 sen and it was the most dynamic on news about higher oil creation. 

Among the banks, Hong Leong Bank propelled 20 sen to RM18.20, CIMB increased six sen to RM6.96, RHB Bank six sen to RM5.20, AmBank five sen to RM4.48, Public Bank and Maybank two sen higher to RM22.04 and RM10.12. 

Unrefined palm oil for third month conveyance fell RM13 to RM2,502 per ton. 

With respect to manors, Sime Plantations fell 18 sen to RM5.40 and wiped out 2.18 focuses from the KLCI, KL Kepong lost six sen toRM25.22, IOI Corp added one sen to RM4.71, PPB Group six Sen Higher at RM17.50. 

Sime Darby lost three sen to RM2.65 and Sime Property two sen bring down at RM1.43.

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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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KLSE Stock Picks-Moderate day for Bursa as exchanging volume diminishes in front of CNY

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