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apple developer account( KLCI jumps 20.69 points to over 3-week high


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KUALA LUMPUR: Strong followings on Petronas Dagangan, Tenaga Nasional and Hartalega powered the FBM KLCI to close at a three-week high on Tuesday.

At 5pm, the FBM KLCI surged 20.69 points, or 1.38% to 1,523.59, its highest since July 22. The index had earlier risen to a high of 1,524.01.

The overall market breadth was bullish with gainers thumping losers 633 to 372, while 419 counters closed unchanged. Trading volume was brisk at 4.33 billion shares valued at RM2.4bil.

Dealers said the local bourse rebounded from previous losses, showing some stabilisation following the recent political development in the country.

The ringgit currency stabilised on Tuesday after falling to a one-year low on Monday. The ringgit was quoted at 4.2395 against the US dollar.

The KLCI-component stocks were overwhelmingly positive, with 25 gainers and three losers while two closed unchanged.

Petronas Dagangan led the gains among the index-linked counters. The counter jumped 54 sen to RM19.44.

Hartalega rose 22 sen to RM7.07, Tenaga advanced 19 sen to RM9.97, Press Metal added 19 sen to RM5.10 and MISC gained 17 sen to RM6.84.

Kuala Lumpur Kepong fell eight sen to RM19.50, IHH Healthcare lost two sen to RM5.78 and PPB declined two sen to RM18.20.

On the broader market, ViTrox surged 92 sen to RM19.90, Carlsberg rose 26 sen to RM21.50 and Hengyuan gained 22 sen to RM4.30.

SAM Engineering tumbled 96 sen to RM12.74, Dutch Lady fell 40 sen to RM32.02, KESM lost 38 sen to RM12.22 and Genetec gave up 26 sen to RM26.42.

Meanwhile, Reuters reported that oil prices fell on Tuesday, paring earlier gains on concerns over a spike in the Delta variant of coronavirus infections.

Covid-19 cases.

Brent crude and the US West Intermediate crude (WTI) fell 52 cents each to US$68.99 and US$66.77 per barrel respectively.

Separately, gold prices hit a more than one-week high on Tuesday as on virus surge jitters. Spot gold rose 0.38% to US$1,794.27 per ounce while spot silver rose 0.23% to US$23.90 an ounce.

In the region, Japan's Nikkei 225 fell 0.36%, while Seoul's Kospi tumbled 0.89%. Hong Kong’s Hang Seng Index dived 1.85% while the Shanghai Composite Index tumbled 2%.



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