MARKET UPDATES :
The Kuala Lumpur Tin Market (KLTM) closed slightly higher today by US$20 at US$21,100 a tonne in line with the rise of the metal’s price on the London Metal Exchange (LME), a dealer said. The LME tin price rose by US$65 to US$21,075 a tonne. “The gain on the KLTM was lower than on the LME due to technical correction and today’s price was supported mainly by European scattered buying followed by the Japanese and locals,” he said. At the opening, bids totalled 61 tonnes against the 35 tonnes offered. Turnover increased to 58 tonnes from 55 tonnes yesterday, while the premium price differential between the KLTM and the LME narrowed to US$410 a tonne from US$470 a tonne yesterday.
STOCK RECOMMENDATION :
AMMB HOLDING ABOVE 6.760 TG 6.830, 6.900, 6.980 SL 6.680
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The Kuala Lumpur Tin Market (KLTM) closed slightly higher today by US$20 at US$21,100 a tonne in line with the rise of the metal’s price on the London Metal Exchange (LME), a dealer said. The LME tin price rose by US$65 to US$21,075 a tonne. “The gain on the KLTM was lower than on the LME due to technical correction and today’s price was supported mainly by European scattered buying followed by the Japanese and locals,” he said. At the opening, bids totalled 61 tonnes against the 35 tonnes offered. Turnover increased to 58 tonnes from 55 tonnes yesterday, while the premium price differential between the KLTM and the LME narrowed to US$410 a tonne from US$470 a tonne yesterday.
STOCK RECOMMENDATION :
AMMB HOLDING ABOVE 6.760 TG 6.830, 6.900, 6.980 SL 6.680
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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