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ios developer account:KLCI starts on steady note but recent active stocks slip

admin2020-12-0979

KUALA LUMPUR: Blue chips advanced in early Tuesday trade with Petronas Dagangan among the top gainers but recently very active stocks like Inix, Yong Tai and Bintai Index gave up some of their recent gains. At 9.35am, the FBM KLCI was up 3.92 points or 0.24% to 1,626.81. Turnover was 2.41 billion shares valued at RM1.11bil. Advancers beat decliners 452 to 386 while 443 counters were unchanged. On the external front, Asian stocks drifted as swelling Covid-19 infections across the US weighed on risk assets overnight, Bloomberg reported. Stocks slipped in South Korea and Hong Kong, and edged higher in Australia. Japanese shares fluctuated as Prime Minister Yoshihide Suga unveiled around US$380bil in fiscal measures to help the economy recover from the pandemic. At Bursa, consumers stocks were the top gainers with Nestle up 70 sen to RM136.30, Carlsberg 60 sen to RM21.48, BAT 42 sen to RM15.02 and Heineken 20 sen to RM22.20. Among the KLCI stocks, PPB Group rose 30 sen to RM18.72 in thin trade and Petronas Dagangan 24 sen to RM20.82. Supermax, which has been included into the 30-stock index, rebounded 28 sen to RM7.98. Comfort Gloves added 13 sen to RM3.67. Furniture maker Latitude Tree jumped 28 sen to RM3.98. Sunway-PA fell 29 sen to RM1.18, Allianz-PA 28 sen to RM14 while Solution Group was down 23 sen to RM1.71 and its warrants 19 sen to RM1.50. Profit taking saw KESM and UWC falling 18 sen each to RM11.46 and RM8.77 while Hengyuan was down 14 sen to RM6.56.
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