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KUALA LUMPUR: Bursa Malaysia managed to recoup half of the previous day’s losses on Tuesday when funds were seen to collect Tenaga Nasional, Public Bank and Maybank.
At 5pm, the KLCI rose 12.96 points or 0.94% to 1,389.55, but outside of the day’s high of 1,398 and so far this year, it was down 12.54%.
The turnover was 5.76 billion shares valued at RM2.69bil. The overtakers beat the 774 or 162 declines while 339 counters did not change.
The Negara Malaysia Bank Monetary Policy Committee (MPC) cut interest rates by 50 basis points to 2%, which is the lowest level since 2010, as domestic economic conditions have been affected by the Covid pandemic. 19.
The ringgit increased 0.19% to 4,3085.
Tenaga rose 26 sen to RM12.38 and raised the KLCI by 2.32 points, IHH added three sen to RM5.18, GentingM five sen to RM2.37 and Genting three sen to RM4.11. Sime Darby threw two sen at RM1.98.
Maybank rose 10 sen to RM7.48 and added 2.76 points while Public Bank rose 20 sen to RM16.06 and added 1.21 pints, Hong Leong Bank 10 sen to RM13.30, RHB Bank five sen to RM4.67 while CIMB and Ambank finished two sen higher than RM3.43 and RM2.94. Aeon Credit
finished 25 sen higher at RM9.27.
Reuters reported that oil prices rose again in hopes of a recovery in vehicle traffic and fuel demand, as some European and Asian countries along with several US states. USA They began to ease the measures to block the coronavirus.
West Texas Intermediate crude futures were up 7.75%, or $ 1.58, to $ 21.97 a barrel at 0820 GMT. The US benchmark index USA It has closed higher in the last four sessions. Brent crude oil futures rose 5.5%, or $ 1.49, to $ 28.69.
Petronas Dagangan rose 56 sen to RM20.50, Petronas Chemicals 10 sen to RM5.50 and Petronas Gas two sen to RM15.20 while Dialog rose one sen to RM3.28. Hengyuan added 26 sen to RM3.51 and Petron added 21 sen to RM4.23.
Among the consumer stocks, Dutch Lady added 68 sen to RM47.80 and BAT 48 sen to RM13.26, but Carlsberg fell 24 sen to RM27.34 and F&N 22 sen to RM31.88.
Crude palm oil for delivery in the third month rose RM2 to RM1,985 per ton. Sime Plantation rose two sen at RM4.78, IOI Corp five sen at RM3.95, PPB Group four sen higher at RM16.24 but KL Kepong held steady at RM20.80.
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