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Friday, 3 November 2017

#Foreign-Investors coupled with diminishing positive sentiment after the #Bajet2018 announcement

Malaysia: The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) opened 0.15 per cent higher this morning amid mixed performance regionally.
At 9.06 am, the index stood at 1,743.79, up 2.74 points, from Wednesday's close of 1,741.05.
The key index opened 3.63 points better at 1,744.68.Gains in Sime Darby and Tenaga Nasional boosted the composite index by a total contribution of 1.27 points.
Both chalked up six sen each to RM9.14 and RM14.96, respectively.Market breadth was positive with gainers outpacing decliners 144 to 77 while 203 counters were unchanged, 1,388 untraded and 18 others were suspended.
Turnover stood at 207.748 million shares worth RM71.67 million.Inter-Pacific Securities Head of Research Pong Teng Siew said the local bourse could perform like yesterday, opening high and retreating thereafter.
"This is due to net selling by foreign investors coupled with diminishing positive sentiment after the 2018 Budget announcement," he said.
Gainers among heavyweights included PetGas which added 12 sen to RM18.02, IHH, Digi, IOICorp, GenM and Astro were up two sen each at RM5.58, RM5.0, RM4.52,RM5.0, RM2.8, respectively, Westports gained four sen to RM3.74.
Of actives, both DGSB and Hubline improved 1.5 sen each to 6.5 sen and 17 sen, Trive was flat at 12.5 sen while Palette eased half-a-sen to 44.5 sen.
The FBM Emas Index rose 17.84 points to 12,577.03, FBMT100 Index was 17.71 points firmer at 12,212.0 and the FBM Ace accumulated 30.07 points to 6,900.50.
The FBM 70 rose 16.93 points to 15,476.27 and FBM Emas Shariah Index climbed 28.95 points to 13,059.75. Sector-wise, the Finance Index shed 0.46 of-a-point to 16,260.14 while the Plantation Index was 15.91 points higher at 8,032.54 and the Industrial Index rose 11.43 points to 3,188.03.

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