KLCI resumes upwards momentum; Maxis, IHH lift - Business News - News Summed Up

KLCI resumes upwards momentum; Maxis, IHH lift - Business News


Turnover was 1.72 billion shares with a value of RM1.15bil. There were 431 decliners to 399 gainers and 325 counters unchanged.Climbing on the index, Public Bank put on 18 sen to RM24.18 while IHH Healthcare moved up 11 sen to RM6.11. The counter has gained about 38% since May 8, the last day of trading before the general elections. WTI crude dropped 24 cents to US$71.07 a barrel while Brent crude fell 20 cents to US$78.23 a barrel.The ringgit resumed its slide against the greenback, weakening 0.21% to 3.9645 as US 10-year yields hit a high of 3.095% overnight. However, the local currency firmed up against other major currencies, rising slightly against the pound sterling to 5.3535 and a quarter percent against the Singapore dollar to 2.9518.


Source: The Star May 16, 2018 05:15 UTC


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