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Monday, 23 October 2017

#BURSA Sector-wise, the #Plantation-Index was up #Finance-Index improved #Industrial-Index better


Malaysia: Bursa Malaysia opened higher today, taking the cue from the better performance on Wall Street on Friday amid firmer crude oil prices, a dealer said.
At 9.05 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 1.91 points higher at 1,742.56 from last Friday's close of 1,740.65.
The index opened 1.64 points higher at 1,742.29 at 9 am.
Gainers led losers by 144 to 71 while 217 counters remained unchanged with 1,419 untraded and 19 others were suspended.
Turnover stood at 184.22 million shares worth RM46.79 million.
The dealer said the key index was in line with Friday's gains on the Wall Street following stronger expectations on US President Donald Trump's tax-cut decision.
Meanwhile, he said, the local bourse was also supported by the increase in the crude oil prices due to the news reported on Saudi Arabia and Iraq's plans to reduce the crude oil supply.
The overnight benchmark Brent crude oil futures went up 0.16 per cent to US$57.84 (US$1 = RM4.22) per barrel while the US West Texas Intermediate crude oil futures were 0.37 per cent higher at US$52.03 per barrel.
Among heavyweights, Public Bank and Petronas Chemicals rose two sen each to RM20.48 and RM7.56, respectively, Sime Darby increased four sen to RM9.10 while Maybank fell a sen to RM9.28 and Tenaga was four sen lower at RM14.28.
Of the actives, Hubline lost half-a-sen to 18.5 sen, Trive Property and its warrant ticked up 1.5 sen and half-a-sen to 26 sen and 6.5 sen, respectively while DBE and Sterling Progress were flat at three sen and 17 sen, respectively.
The FBM Emas Index was 15.40 points firmer at 12,529.19, FBMT 100 Index gained 17.39 points to 12,173.18, FBM Emas Shariah Index added 13.18 points to 12,868.42, FBM Ace rose 8.85 points to 6,958.22 and the FBM 70 advanced 37.08 points to 15,315.26.
Sector-wise, the Plantation Index was up 20.32 points at 7,942.91, Finance Index improved 14.60 points to 16,310.70 and the Industrial Index was 5.03 points better at 3,195.26.

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