Blue chips drop early Wednesday, Maxis extends decrease – Business …

KUALA LUMPUR: Blue chips fell early Wednesday as a FBM KLCI extended a decrease on llosses by Maxis, MISC and Petronas Dagangan.

At 9.33am, a KLCI was down 2.62 points or 0.15% reduce during 1,778.09. Turnover was 226.57 million shares valued during RM114.67mil. There were 155 gainers, 234 losers and 246 counters unchanged.

Oil prices hold around multi-month lows in early Asian trade on Wednesday as investors ignored justification of clever correspondence by Opec and non-Opec oil producers with a understanding to cut tellurian output.

Brent was down 6 cents during US$45.96 tub during 0035 GMT. US wanton futures for Aug were trade down 3 cents during US$43.48.

Reuters also reported US index provider MSCI would supplement mainland Chinese bonds to a tellurian rising markets benchmark index, after carrying declined to do so for a past 3 years. MSCI skeleton to supplement 222 Chinese shares to a Emerging Markets Index, with an initial weighting of 0.73%.

Petron Malaysia fell a most, down 22 sen to RM7.48 while Hengyuan was down 11 sen to RM5.34 as wanton oil prices fell. Petronas Dagangan mislaid 14 sen to RM24.08 and MISC 10 sen reduce during RM7.32 with 100 shares done.

Maxis continued to come underneath some pressure, down 7 sen to RM5.55 with 687,500 shares finished after a new share chain of 300 million new shares.

BAT was a tip gainer, adult 40 sen to RM45.38, HLFG gained 30 sen to RM17.44 and Selangor Dredging 13 sen aloft during RM1.07. 

Superlon combined 10 sen to RM2.02 and Sasbadi 9 sen aloft during RM1.46 while Pentamaster gained 7 sen to RM3.80.

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