KLCI inches higher early Tuesday, semicon stocks in focus


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KUALA LUMPUR: Blue chips chalked up a few increases early Tuesday in spite of the mindful key Asian markets with some semiconductor related stocks driving the progress. 
At 9.09am, the KLCI was up 2.24 focuses to 1,736.17. Turnover was 183.09 million shares esteemed at RM70.20mil. There were 277 gainers, 43 decliners and 184 counters unaltered. 
Asian stocks pulled back in early exchange on Tuesday, while the dollar ricocheted once again from a five-month low after the US Treasury Secretary’s remarks bolstered a more grounded money, in spite of the fact that heightening pressures over North Korea topped increases, Reuters detailed. MSCI’s broadest file of Asia-Pacific shares outside Japan was 0.15% lower. 
Unrefined petroleum costs were blended in thin exchanging on Tuesday after the Easter occasion break close many markets for whatever length of time that four days and a US government report demonstrated rising generation, which may keep a top on costs after late picks up, Bloomberg said. 
Brent rough prospects were up five pennies at US$55.41 at 0058 GMT. US West Texas Intermediate (WTI) unrefined prospects were down one penny at US$52.64 a barrel. 
Kenanga Investment Bank Research said on the diagram, the KLCI is still on a downtrend design and topped underneath the 1,740 (R1) stamp. 
“MACD line and day by day RSI are as yet drifting bearishly to lay a hand on the negative-predisposition standpoint ahead. In this manner we keep on viewing that the KLCI will exchange on a dreary note this week, where bolster levels are found at 1,727 (S1)/1,713 (S2). Overhead resistance are topped at 1,740 (R1)/1,750 (R2),” it said. 
Semiconductor stocks drove the rally with MPI climbing 14 sen to RM11.04 and consume in analyzer KESM adding eight sen to RM12.08 in thin exchange. Pentamaster picked up 11 sen to RM2.89. 
JHM hopped 25 sen to RM4.39 in rising volume, broadening its bounce back after a week ago’s benefit taking. 
Excelforce rose 11 sen to RM1.92 and its warrants eight sen to RM1.47. 
Anzo recovered its bob after the current pitching to added 4.5 sen to 405 sen with 15.99 million shares done. 
With respect to KLCI stocks, BAT added 42 sen to RM47.42. MAHB fell five sen to RM7.15. Down four sen were IH Healthcare, Westports and Petronas Gas to RM6, RM4.05 and RM19.24 separately.

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