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Wednesday, 16 March 2016

Ringgit fortifies, KLCI closes higher however bleak day for Ranhill

The ringgit assembled quality to close higher against a few noteworthy coinage on Wednesday while the FBM KLCI's mellow progress was supported by increases in Maybank, Genting Bhd and IHH.

At 5pm, the KLCI was up 2.51 focuses or 0.15% to 1,693.43. Turnover was 1.43 billion shares esteemed at RM1.69bil. There were 380 gainers, 403 failures and 364 counters unaltered.

In Asian exchanging, MSCI's broadest list of Asia-Pacific shares outside Japan edged down 0.1 percent, and Japan's Nikkei took a thump from an underlying ascent in the yen and fell 0.8 percent.

The ringgit solidified against the US dollar, pound sterling and Singapore dollar. It was at 4.1363 to the greenback contrasted and 4.1370 the earlier day, it was at 5.8387 to the pound from 5.8875 and against the Singapore dollar, it was at 2.9971 from 3.0007.

At Bursa Malaysia, Genting Bhd rose 22 sen to RM8.87 and added 1.4 focuses to the KLCI however this was set off by a decrease in Genting Malaysia, which fell 10 sen to RM4.28 and eradicated 1.01 focuses.

Ranhill Holdings had a bleak day in the midst of the blended business sector, shutting close to the day's low on its exchanging debut on the Main Market of Bursa Malaysia. It shut 19 sen lower at RM1.01.

IHH rose 10 sen to RM6.52 and pushed the KLCI up 1.4 focuses and Tenaga increased eight sen to RM13.40. MAHB propelled 13 sen to RM6.44.

Among the banks, Hong Leong Bank rose 18 sen to RM13.20, AFG 17 sen to RM3.96, Maybank nine sen to RM8.82, AmBank two sen to RM4.57 and CIMB one sen to RM4.64 while Public Bank was level at RM18.78.

Oil costs dealt with a skip after information from industry aggregate the American Petroleum Institute (API) demonstrated to US unrefined stockpiles ascended by not as much as half what investigators had expected, Reuters reported. US light unrefined petroleum added 64 pennies to US$36.98 and Brent 49 pennies to US$39.23.

Petronas Gas rose two sen to RM21.72, Petronas Chemicals lost two sen to RM6.75 and Petronas Dagangan four sen to RM24.16. SK Petro added four sen to RM2.12. Petron lost 17 sen to RM5.70.

With respect to purchaser stocks, Carlsberg was the star of the day, including 32 sen to RM13.58 some asset purchasing. Be that as it may, Ducth Lady lost 16 sen to RM50.60 and BAT 10 sen to RM55.04.

Puncak-WB pulled in solid exchanging enthusiasm, surging 19 sen to 64 sen. AirAsia fell one sen to RM1.78 in dynamic exchange with AirAsia X shed 0.5 sen to 30 sen and its warrants one sen lower 16.5 sen.

Unrefined palm oil for third-month conveyance fell RM3 to RM2,607 per ton. KL Kepong fell the most, down 40 sen to RM24.14, PPB Group 14 sen to RM16.64, Sime Darby lost two sen to RM7.89 and IOI Corp was level at RM4.95.

Among the key local markets,

Japan's Nikkei 225 fell 0.83% to 16,974.45;

Hong Kong's Hang Seng Index shed 0.15% to 20,257.70;

Shanghai's Composite Index added 0.21% to 2,870.43;

Taiwan's Taiex was up 1.02% to 8,699.14;

South Korea's Kospi rose 0.25% to 1,974.90 and

Singapore's Straits Times Index progressed 0.17% to 2,844.21.

Spot gold picked up 13 pennies to US$1,232.51.

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