Bursa somewhat firmer early Monday

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KUALA LUMPUR: Bursa Malaysia began Monday on a positive note, broadening the increases from last Friday after the arrival of the Budget 2018 recommendations and the rally in Tenaga Nasional costs.

At 9.38am, the KLCI was up 1.87 focuses or 0.11% to 1,748. Turnover was 670 million offers esteemed at RM188.43mil. There were 266 gainers, 186 washouts and 310 counters unaltered.

Hong Leong Investment Bank (HLIB) Research said stocks on the nearby front were probably going to incline higher after the promoter from the Budget 2018 proposition which concentrated on the advantage of rakyat. 

The recommendations additionally helped different divisions (car, flying, customer and development) of the economy.

“Additionally, with the steadier unrefined petroleum costs, we foresee oil and gas stocks may get a rerating impetus soon,” said HLIB Research.

Oil markets were firm on Monday, with Brent unrefined opening above US$60 per barrel on desires an OPEC-drove creation slice due to lapse next March would be broadened, Reuters detailed.

Brent unrefined petroleum fates were at US$60.53 per barrel at 0054 GMT, up nine pennies or 0.15% from their last settlement. That is still near their largest amount since July 2015 and up more than 36 percent since their 2017 lows last June. 

US West Texas Intermediate (WTI) rough prospects were up by 13 pennies, or 0.24%, at US$54.03 a barrel.

Petronas Dagangan was up 20 sen to RM24.28 with 200 offers done.

Settle added 74 sen to RM87.74 with only 100 offers done while Heineken included 24 sen ti RM19.10. 

Concerning manors, KL Kepong added 30 sen to RM24.78 and Baru Kawan 20 sen to RM20. IOI Corp call warrants C16 tumbled 29 sen to 19 sen.

Hong Leong Industries and Oriental Holdings added 10 sen each to RM9.65 and RM6.60 while KESM picked up 10 sen to RM16.86.

Ecoworld International call warrants CJ slipped 20 sen to six sen, SunCon-CN lost 18 sen to eight sen and VS Industry-CU was down 17 sen to 11 sen while Malakoff-C6 fell 14.5 sen to 5.5 sen. 

MPI fell 14 sen to RM13.92 and Hartalega 13 sen bring down at RM7.55.

UMW Oil and Gas added 2.5 sen to 32.5 sen and its warrants 1.5 sen up to 18 sen in dynamic exchange.

KLSE Hot Stocks for Malaysian Traders-

  • PPHB
  • KRONO
  • ASDION
  • FAJAR
  • ALAM

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