KLCI edges up early Monday, Hong Leong Bank leads - Business News - News Summed Up

KLCI edges up early Monday, Hong Leong Bank leads - Business News


KUALA LUMPUR: Blue chips climbed early Monday led by Hong Leong Bank after a volatile week while crude oil prices rose but whether the market can hold on to the gains remains to be seen ahead of the central banks meetings this week.At 9.24am, the KLCI was up 3.08 points or 0.19% to 1,656,07. Turnover was 117.91 million shares valued at RM103.82mil. Liquidity was further sapped by a holiday in Japan.Brent crude rose 66 cents to US$46.43 a barrel while US crude added 65 cents to US$43.68. Aeon Credit rose the most, up 38 sen to RM14.58, Magni-Tech added 22 sen to RM4.37, Pos Malaysia 16 sen to RM3.56 while Hong Leong Bank gained eight sen to RM12.90.MSC advanced nine sen to RM3.19. Maypak jumped seven sen to 64.5 sen after the revised takeover offer.Hiap Teck was the most active with 10.3 million shares done, up one sen to 31.5 sen, CSC Steel added three sen to RM1.91.Time dotCom fell the most, skidding 61 sen to RM87.81, Genting Plantations and Top Glove lost six sen each to RM10.90 and RM4.63.Among the KLCI stocks, PPB Group lost 10 sen to RM15.92, Petronas Chemicals eight sen to RM6.51 and Digi seven sen lower at RM4.89.


Source: The Star September 19, 2016 01:42 UTC



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