Market sentiment still improves, RG Tech puts the emphasis – Business News

KUALA LUMPUR: Market sentiment on Bursa Malaysian continued to strengthen Tuesday, supported by local institutions and retail investors, while Radiant Global Tech jumped on its commercial debut on the ACE market.

points or 0.2% to 1 761.54. The business figure was 409.16 million shares valued at RM217mil. There were 285 winners, 144 losers and 256 counters unchanged

In Asia, the Japanese Nikkei rebounded by 0.4% at the start of trading, as the decline in the yen eased worries about the pressure on exporters' profits. The MSCI's broader index outside Japan has changed little, according to Reuters

Oil prices rose Tuesday as attention focused on the risk of oversupply, the market participants ignoring growing tensions between the United States and Iran. Brent crude was down 10 cents to US $ 72.96 per barrel at 0037 GMT while US crude dropped 9 cents to US $ 67.80 per barrel.

On KLCI's technical outlook, Kenaga Research stated that it was a positive bias as evidenced by the positive stance on MACD and RSI indicators.

"Here, we expect a continuation to the next resistance at 1790 (R1) and 1830 (R2) above, while support levels can be identified at 1,720 (S1) and 1,700 ( S2). "

Radiant Global Tech rose 32.5 sen, more than double its bid price of 23 sen, to 55.5 sen with 85.53 million shares [19659002] F & N gained 52 sen at RM37.98, PPB Group 44 sen at RM16.94, CCB 25 sen at RM2.15.

The refiners have again played because the market sentiment improves as Hengyuan wins 21 sen at RM7. .12 and Petron 15 sen to RM8

Vitrox added 19 sen to RM5.98 and KESM 14 sen to RM17.50 while My EG added four sen to RM1.34. MPI lost 26 Sen at RM11.48.

Ken lost 9.5 sen at 75.5 sen, Genting Plantations and Oriental four sen each at RM9.34 and RM6.09 while Can-One and Ideal poured three sen each at RM2 .37 and RM1.33 .