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Wednesday, 13 July 2016

KLCI flat for the second day running despite gains in Asia

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KUALA LUMPUR: The FBM KLCI possibly fell by 0.82 focuses to 1,653.15 focuses at the late morning close regardless of other Asian markets reporting solid increases on the possibility of recharged jolt endeavors among the world's economies.

The benchmark file had before ascended to 1,657.86 focuses early today before accordingly paring down the increases.

As at 1230PM, all out turnover for the KLCI was at 756.81 million shares esteemed at RM787.19mil.

The more extensive business sector was weaker with decliners dwarfing gainers. There were 313 decliners to 285 gainers and 352 counters unaltered.

While local markets have made solid picks up this week, the FBM KLCI has stayed quelled. It shut down at 1,653.87 focuses on Monday and 1,653.97 focuses yesterday.

Then, the ringgit fortified to RM3.99 against the greenback contrasted with RM3.9805 yesterday.

Asian values rose to their most noteworthy this year as the post-Brexit good faith rally proceeded for the second week running. New boost endeavors are required to occur in Japan while Theresa May's looming arrangement as the following UK head administrator has sent the pound taking off.

Japanese files drove the gainers with an intraday ascent of above 1.5% while other territorial markets additionally mobilized. Gold bounced back marginally from a three-day droop while unrefined petroleum costs proceeded with its decrease.

In the interim, US files keep on breaking new unequaled highs for the second day in the midst of the most recent monetary reporting season. The Standard and Poor's 500 Index shut down at 2,152.14 focuses while the Dow Jones shut down at 18,347,67 focuses yesterday.

US unrefined costs fell 42 US pennies and was last exchanged at US$46.38 per barrel. Brent rough fell 50 US pennies to US$47.97 per barrel.

At Bursa Malaysia, DiGi contributed 1.41 focuses to the KLCI's development as the stock rose nine sen to RM5.58 at the early afternoon close. Nonetheless, CIMB and Maybank contributed decreases of 0.72 focuses and 0.66 directs separately toward the list.

Among the banks, Maybank fell four sen to RM8.16 while CIMB fell five sen to RM4.33. AmBank rose four sen to RM4.40.

Rough palm oil's benchmark third-month contract for October conveyance rose RM49 to RM2,223 per ton.

Among the manor organizations in the KLCI, Sime Darby rose two sen to RM7.59 while KL Kepong rose two sen to RM23.20.

Among the key local markets:

Japan's Nikkei 225 rose 1.29% to 16,302.66 ;

Hong Kong's Hang Seng Index rose 0.52% to 21,335.53 focuses;

Shanghai Composite Index rose 0.36% to 3,060.45;

Taiwan's Taiex fell 0.08% to 8,834.56;

South Korea's Kospi rose 1.63% to 1,997.10 ;

Singapore's Straits Times Index rose 0.01% to 2,902.12 focuses.

Spot gold rose by US$4.67 to US$1,337.77 per troy ounce.

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