KLCI ekes out slight gains, HL Bank recovers

KUALA LUMPUR: The FBM KLCI eked out mild gains early Tuesday, in line with the key Asian markets, supported by a mild rebound in Hong Leong Bank.

At 9.16am, the FBM KLCI was up 0.17 of a point or 0.01% to 1,691.11. Turnover was 290.27 million shares valued at RM105.60mil. There were 142 gainers, 162 losers and 218 counters unchanged.

The two-day policy meeting of the United States central bank begins on Tuesday in which it is expected to leave interest rates unchanged, with investors even building in bets for a rate cut in 2020, Reuters reported.

Allianz and HL Industries rose 26 sen each to RM14.66 and RM10.28, Magi-Tech 21 sen to RM4.87 and MPI eight sen to RM10.08.

BAT and Carlsberg rose 22 sen each to RM34.48 and RM25.58.

Underpinning the KLCI’s advance was Hong leong Bank, which rose 14 sen to RM20.90.

Sapura Energy and its warrants shed 0.5 sen each to 35.5 sen and 14 sen in active trade. Dayang fell six sen to RM1.56 and Destini 1.5 sen to 32.5 sen. Dayang was down six sen to RM1.56.
Eden gained 2.5 sen to 15 sen while Mtronic added one sen to 8.5 sen.

Dutch Lady and Petronas Dagangan lost 18 sen each to RM63.82 and RM24.92 while SAM Engineering was down 11 sen to RM7.55.