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apple developer enterprise account for rent:Glove makers, Tenaga power KLCI at midday


KUALA LUMPUR: Sustained buying of glove makers Hartalega and Top Glove and also Tenaga Nasional helped power the FBM KLCI above the key 1,500 level at midday on Tuesday. At 12.30pm, the KLCI was up 11.29 points or 0.76% to to 1,505.72. Turnover was 3.05 billion shares valued at RM1.85bil Advancers beat decliners two to one or 605 gainers to 280 losers and 383 counters were unchanged. All key Asian markets were also higher after China's factory activity expanded at a stronger pace in June though there was some caution following spikes in the Covid-19 infections. Reuters reported MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.9%, while US stock futures, the S&P 500 e-minis, advanced 0.23%. Japan's Nikkei 225 jumped 1.8%, Hong Kong's Hang Seng Index added 0.89% and Singapore's STI 1.15% higher. China's factory activity expanded at a stronger pace in June in a boost to hopes for a quick economic recovery globally and at home, but the persistent weakness in export orders suggests the coronavirus crisis will remain a drag on growth for some time, Reuters reported. The official manufacturing Purchasing Manager's Index (PMI) came in at 50.9 in June, compared with May's 50.6, National Bureau of Statistics (NBS) data showed on Tuesday, and was above the 50.4 forecast in a Reuters poll of analysts. At Bursa, glove makers advanced on news of more infections. More than 10.3 million people have been reported to be infected by the novel coronavirus globally and 504,269? have died, according to a Reuters tally. Top Glove rose 68 sen to RM16.38 and added 2.84 points to the KLCI while Hartalega added 66 sen to RM13.16 and lifted the index by 3.46 points. Supermax rose 64 sen to RM8.36 and Kossan 33 sen to RM8.55, Rubberex 27 sen to RM3.25 while Careplus added seven sen to RM1.53 and HLT six sen to 74 sen while its warrants jumped five sen to 49.5 sen. Tenaga was up 16 sen to RM11.72 and pushed the KLCI up 1.41 points. IHH Healthcare fell 19 sen to RM5.41 and erased 2.58 points. Reuters reported oil prices fell as optimism for a straightforward recovery in fuel demand faded and a looming increase in supply weighed on the market, with Libya's state oil company flagging progress on talks to resume exports. US light crude oil fell 30 cents or 0.76% to US$39.40 and Brent 26 cents lower or 0.62% to US$$41.45. Petronas Chemicals rose five sen to RM6.25, Petronas Gas two sen lower to RM16.96 and Petronas Dagangan unchanged at RM20.60. Dialog three sen higher at RM3.63. As for banks, Public Bank rebounded 14 sen to RM16.58, CIMB rose two sen to RM3.55, Maybank one sen higher at RM7.54, Hong Leong Bank flat at RM14.08 but RHB Bank dipped two sen to RM4.81. Crude palm oil for third month delivery rose RM16 to RM2,357 per tonne. KL Kepong gained 22 sen to RM22.48, PPB Group four sen to RM17.68, Sime Plantation fell five sen to RM4.90, IOI Corp five sen lower at RM4.32.The ringgit firmed up 0.08% against the SU dollar to 4.2800 at midday.

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