KLCI expands increases early Monday on HL Bank, Tenaga

KUALA LUMPUR: Blue chips proceeded with their upward pattern early Monday, lifted by picks up in Hong Leong Bank and Tenaga Nasional. 
At 9.05am, the FBM KLCI was up 5.29 focuses or 0.29% to 1,859.21. Turnover was 180.34 million offers esteemed at RM62.60mil. There were 216 gainers, 107 failures and 213 counters unaltered. 
Settle was the best gainer, up 40 sen to RM111.90 – another record high. Hong Leong Bank added 28 sen to RM18.48 while Tenaga picked up 14 sen to RM15.98. 
Hengyuan rose 18 sen to RM13.86 and Petron 12 sen to RM12. 
BAT added 16 sen to RM34.36 with only 200 offers done while UMW added 13 sen to RM6.98 and Genting Plantation 12 sen to RM10.42. BIMB was up nine sen to RM4.19. 
PRG fell the most, down eight sen to 85 sen, VS Industry was down five sen to RM3.03 while Press Metal and AmBank shed three sen each to RM5.70 and RM4.81. 
The US dollar wobbled almost three-year lows against a crate of real monetary standards on Monday, attempting to pull ahead from six straight long stretches of misfortunes in the midst of its dissipating yield preferred standpoint and questions about Washington’s responsibility regarding a solid cash, Reuters announced. 
The dollar’s record against a bushel of six noteworthy monetary standards remained at 89.059, having tumbled to as low as 88.429, a three-year nadir on Thursday. 
The ringgit was at 3.87 to the US dollar. 
On the viewpoint for the nearby cash, OANDA head of exchanging for Asia Pacific, Stephen Innes said the ringgit markets will proceed onward more extensive US dollar supposition this week, however financial specialists will stay strong ringgit purchasers on shortcoming. 
“Solid oil costs reverberate, positive territorial hazard slant and Bank Negara that has left the entryway somewhat slightly open to additionally rate climb in 2018 includes the ringgit’s taking off interest,” he said. 
While the business sectors will turn out to be progressively more information subordinate, in any case, given the positive large scale foundation and strong provincial monetary scene the ringgit prospects stay ruddy. 
“With a touch of assistance for the greenback this week, we could focus in on 3.85,” Innes included.

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