KLCI stages mild rebound but ringgit still weak
Malaysia’s bluechips staged a mild rebound on Tuesday, aided by fund buying of Maybank and Tenaga Nasional but the ringgit continued to show weakness as it slipped to a fresh 1998 low.
At midday, the FBM KLCI was up 9.28 points or 0.59% to 1,581.82. Turnover was 1.31 billion shares valued at RM928.52mil. There were 397 gainers, 336 losers and 309 counters unchanged.
The ringgit slipped to 4.1202 to the US dollar at midday, weakening from Monday’s close of 4.0995.
Banks were among the top gainers, led by top lender Maybank, gaining 22 sen to RM8.41, AmBank added 10 sen to RM5.03, CIMB eight sen to RM4.98, Public Bank two sen to RM18. RHB Capital fell eight sen to RM6.50 while Hong Leong Bank shed six sen to RM12.74.
Among the utilities, Tenaga Nasional added 22 sen to RM10.54, snapping the recent slide. However, UMW fell 18 sen to RM8.81.
As for telcos, Axiata lost two sen to RM5.71 but DiGi added seven sen to RM5, Maxis two sen to RM6.37 and TM one sen to RM6.19.
US light crude oil fell 10 sen to US$41.77 and Brent was down 13 cents to US$48.61.
Click Here For Free Signals OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance About KLSE online Feel Free To Mail Us at : info@epicresearch.my
Malaysia’s bluechips staged a mild rebound on Tuesday, aided by fund buying of Maybank and Tenaga Nasional but the ringgit continued to show weakness as it slipped to a fresh 1998 low.
At midday, the FBM KLCI was up 9.28 points or 0.59% to 1,581.82. Turnover was 1.31 billion shares valued at RM928.52mil. There were 397 gainers, 336 losers and 309 counters unchanged.
The ringgit slipped to 4.1202 to the US dollar at midday, weakening from Monday’s close of 4.0995.
Banks were among the top gainers, led by top lender Maybank, gaining 22 sen to RM8.41, AmBank added 10 sen to RM5.03, CIMB eight sen to RM4.98, Public Bank two sen to RM18. RHB Capital fell eight sen to RM6.50 while Hong Leong Bank shed six sen to RM12.74.
Among the utilities, Tenaga Nasional added 22 sen to RM10.54, snapping the recent slide. However, UMW fell 18 sen to RM8.81.
As for telcos, Axiata lost two sen to RM5.71 but DiGi added seven sen to RM5, Maxis two sen to RM6.37 and TM one sen to RM6.19.
US light crude oil fell 10 sen to US$41.77 and Brent was down 13 cents to US$48.61.
Click Here For Free Signals OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance About KLSE online Feel Free To Mail Us at : info@epicresearch.my
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