KUALA LUMPUR: Blue chips squeezed out slight increases, shored up by additions in Axiata Group and Maxis Bhd at late morning on Monday while the ringgit solidified against some real monetary forms after the new forex measures. At late morning, the KLCI was up 0.65 indicate or 0.04% 1,629.61 after an unpredictable session. Turnover was 580.40 million shares esteemed at RM381.08mil. The more extensive market mirrored financial specialists' mindful assessment as decliners beat advancers 380 to 224 while 313 counters unaltered.
Just Malaysia and Singapore were in the positive region at noontime while enter Asian markets were in the red after Italian Prime Minister Matteo Renzi said he would leave taking after overwhelming thrashing on established choice, bringing political instability up in the euro zone.
Reuters reported Renzi's choice to stop bargains a crisp hit to the European Union when Italy, the euro zone's intensely obligated third-biggest economy, is attempting to conquer a heap of emergencies.
The ringgit progressed against the US dollar to 4.4495, up 0.08% from last Friday's end of 4.4532 after the Financial Markets Committee (FMC) and Bank Negara Malaysia (BNM) took measures to lessen ringgit theory, minimize disintegration of outside stores, and address advertise worries over remote cash chance administration.
The ringgit rose to 3.1224 against the Singapore dollar from 3.1319 and solidified against the Euro to 4.6940 from 4.7534. Be that as it may, it slipped against the pound sterling to 5.6452 from 5.6209.
Unrefined palm oil for third month conveyance rose RM27 to RM3,103 per ton. Sime Darby rose four sen to RM8.17 and added 0.43 of an indicate the KLCI while IOI Corp edged up one sen to RM4.39 yet KL Kepong and PPB Group fell 12 sen each to RM23.76 and RM15.88.
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