Latest KLCI news update.

KUALA LUMPUR : Lower liner oil and gas stocks were in play early Thursday, riding on the firm raw petroleum costs, while Perak Transit Bhd made a firm introduction on the Ace Market of Bursa Malaysia.

At 9.48am, the KLCI had squeezed out only an increase of 0.02 of a point to 1,662.94. Turnover was 317.25 million shares esteemed at RM135.51mil. There were 214 gainers, 173 failures and 263 counters unaltered.

Oil costs facilitated on Thursday however stayed close June highs achieved the past session when they were floated by a fall in US unrefined inventories, Reuters reported.

US West Texas Intermediate (WTI) unrefined petroleum prospects were exchanging at US$49.54 per barrel at 0136 GMT, down 29 pennies or 0.6% from their last settlement. Worldwide Brent unrefined prospects were down 30 pennies, or 0.6%, at US$51.56 per barrel.

At Bursa Malaysia, Perak Transit rose 3.5 sen to 18.5 sen and it was the most dynamic with 96.7 million shares done.

Lower liners oil and gas stocks were effectively exchanged. Deleum rose six sen to RM1.12.

Perisai plumbed to new record lows of 7.5 sen, down one sen. Hibiscus Petroleum rose one sen to 7.5 sen, SapuraKencana was at RM1.63 while Bumi Armada fell one sen to 70 sen. Enra lost 12 sen to RM2.03.

On a more positive note, Tien Wah Press rose 10 sen to RM1.85 on its arrangements to purchase British American Tobacco Indonesia’s printing business, PT Bintang Pesona Jagat, for RM97mil. The securing incorporates a six-year assembling and supply of bundling materials understanding.

Genting Malaysia rose nine sen to RM4.62 and Eon Credit increased eight sen to RM14.70.

Top Glove fell the most, down 14 sen to RM4.97, Lafarge 13 sen lower at RM8.09 and Globetronics four sen lower at RM3.71.

Among the manors. PPB Group fell eight sen to RM16.06 and NSOP five sen lower at RM4.05.

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KLSE INTRADAY SIGNAL : BUY KEPPEL AT 5.45 TARGET 5.72, 5.99 SL 5.17 www.mmfsolutions.sg

KLSE hot Stock of the Day

  • AMBAN
  • TOPGLOV
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Current oil news updates.

US oil makers set more apparatuses back to work, denoting the most abnormal amount of action since February as unrefined markets set out toward a second month to month pick up.

Rigs focusing on rough in the US climbed a fifth back to back week, up 7 to 425, Baker Hughes Inc, said on its site last Friday.

Pilgrims have included 109 apparatuses since the end of May. Regular gas rigs ascended by 4 to 96 this week, bringing the aggregate for oil and gas up by 11 to 522. Three of the four greatest oil fields extended for the current week.

“The push up in costs near US$50 is setting off a reaction in the apparatus check. Not certain in case we’re seeing a sufficiently critical increment, yet in the event that we keep on adding rigs, then creation levels would rise, which would softeningly affect costs,” Gene McGillian, an examiner at TFS Energy Futures, said by telephone.

“We have far to go until then. The apparatus check still stays at lower levels than some time recently.”

West Texas’ Permian Basin included three apparatuses for a sum of 204 working in what has been the busiest boring locale amid the business sector droop. The Williston Basin in North Dakota added two apparatuses to aggregate 30, and D-J/Niobrara in Colorado included one. The Eagle Ford Shale in South Texas stayed unaltered, as indicated by the Baker Hughes information.

Oil rigs have proceeded with their move as individuals from the Organization of Petroleum Exporting Countries concurred for this present week to cut generation without precedent for a long time with an end goal to support worldwide costs.

On the off chance that Opec figures out how to actualize the cut, then it could strengthen the present bounce back in penetrating, Andrew Cosgrove, an examiner at Bloomberg Intelligence, composed on Sept 29 in a report.

Lower Opec generation would bolster the case for another 133 apparatuses being included from now through the end of 2017, he composed. “Valuing force could desire land drillers in late 2017 or mid 2018 if oil stays bolstered and fix increments proceed.”

Oil costs climbed for this present week after Opec’s casual talks in Algiers, surging the most in over five months and prompting a second month to month pick up.

Opec’s proposition requires a slice underway to 32.5 million to 33 million barrels a day, yet numerous industry specialists are worried that individuals won’t have the capacity to participate enough to execute the cut.

Our Recommendation for KLSE ACTIVE TRADER.

SG INTRADAY SIGNAL : BUY GENTING SING  AT 0.760  TARGET 0.78, 0.81 SL 0.73

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SG INTRADAY SIGNAL: BUY ROWLSEY AT 0.129  TARGET 0.133, 0.138 SL 0.124

www.mmfsolutions.my

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Crude oil trading tips in Malaysia (kuala lumpur).

KUALA LUMPUR : Blue chips commenced the final quarter on a firm note on Tuesday as the FBM KLCI recovered about the greater part of its past session’s misfortunes on asset snacking of Malayan Banking Bhd (Maybank), CIMB Group Holdings Bhd and IHH Healthcare Bhd.

At 12.30pm, the KLCI was up 11.77 focuses or 0.71% to 1,664.32. Turnover was 735.82 million shares esteemed at RM711.20mil. There were 355 gainers, 318 failures and 350 counters unaltered.

Asian shares disregarded a lazy begin and pushed higher on Tuesday, with Japanese markets driving the route after a peppy US fabricating overview reinforced the dollar, Reuters reported. China markets were shut for the week.

The ringgit slipped against the greenback to 4.1237 at early afternoon from 4.1143 while it solidified against the other key monetary forms. It rose to 5.2945 against the pound sterling from 5.2973 and fortified to 3.0136 against the Singapore dollar from 3.0138 and it was 4.6173 to the Euro from 4.6218.

Among the banks, Maybank rose 10 sen to RM7.60 and added 1.67 focuses to the KLCI while CIMB increased seven sen to RM4.78 and poked the list up 1.02 focuses. Open Bank rose eight sen to RM19.90 and Hong Leong Bank four sen higher at RM13.16.

With respect to the heavyweights, IHH Healthcare rose 11 sen to RM6.44 and pushed the KLCI up 1.51 focuses, Tenaga Nasional rose two sen to RM14.32, Genting Bhf six sen to RM7.99 and Genting Malaysia five sen to RM4.60.

Desperate Perisai Petroleum Teknologi Bhd tumbled to its noteworthy low when it continued exchanging, sliding three sen to 9.5 sen in dynamic exchange of 52.3 milion offers done.

Perisai and its joint endeavor accomplice, Emas Offshore Ltd (EOL) have gotten a characteristic offer of financing from a budgetary foundation. It confronts the reclamation of its S$125mil (RM377mil) bond which developed yesterday after noteholders voted to reject its rebuilding arrangement.

US light unrefined petroleum fell 21 pennies to US$48.60 and Brent was down 13 pennies to RM50.76. Petronas Chemicals rose two sen to RM6.67 and Petronas Gas level at RM21.84 however Petronas Dagangan shed two sen to RM23.84. SapuraKencana added four sen to RM1.61.

Poultry organization Lay Hong hopped 36 sen to RM10.90.

Among the buyer stocks, Nestle climbed the best 42 sen to RM79.28 however F&N fell 44 sen to RM23.62.

Unrefined palm oil for third month conveyance fell RM50 to RM2,586 per ton. With respect to estates, Far East rose 27 sen to RM7.90, TAHP added 16 sen to RM6.34, KL Kepong 12 sen up to RM24.10. IOI Corp six sen higher at RM4.51 while PPB Group was level at RM16.18. Genting Plantations fell 30 sen to RM10.70.

With respect to telcos, Axiata added six sen to RM5.28, Digi rose five sen to RM5.03, Maxis increased two sen to RM6.18 amd Telekom Malaysia fell one sen to RM6.77.

Among the key local markets,

Japan’s Nikkei 225 rose 0.79% to 16,729.28;

Hong Kong’s Hang Seng Index crept up 0.02% to 23,590;

Hang Seng China Enterprise added 0.37% to 9,719.54;

Taiwan’s Taiex added 0.3% to 9,261.74;

South Korea’s Kospi added 0.44% to 2,052.71 and

Singapore’s Straits Times Index increased 0.16% to 2,875.47.

Spot gold fell US$1.19 to US$1,310.41.

Our Recommendation for KLSE ACTIVE TRADER.

KLSE POSITIONAL SIGNAL: 

BUY AMEDIA AT 0.22 TARGET 0.242, 0.242, 0.263 SL 0.198…….

Commodity KLCI Intraday Signals in Malaysia.

US oil makers set more apparatuses back to work, denoting the most abnormal amount of action since February as unrefined markets set out toward a second month to month pick up.

Rigs focusing on rough in the US climbed a fifth back to back week, up 7 to 425, Baker Hughes Inc, said on its site last Friday.

Pilgrims have included 109 apparatuses since the end of May. Regular gas rigs ascended by 4 to 96 this week, bringing the aggregate for oil and gas up by 11 to 522. Three of the four greatest oil fields extended for the current week.

“The push up in costs near US$50 is setting off a reaction in the apparatus check. Not certain in case we’re seeing a sufficiently critical increment, yet in the event that we keep on adding rigs, then creation levels would rise, which would softeningly affect costs,” Gene McGillian, an examiner at TFS Energy Futures, said by telephone.

“We have far to go until then. The apparatus check still stays at lower levels than some time recently.”

West Texas’ Permian Basin included three apparatuses for a sum of 204 working in what has been the busiest boring locale amid the business sector droop. The Williston Basin in North Dakota added two apparatuses to aggregate 30, and D-J/Niobrara in Colorado included one. The Eagle Ford Shale in South Texas stayed unaltered, as indicated by the Baker Hughes information.

Oil rigs have proceeded with their move as individuals from the Organization of Petroleum Exporting Countries concurred for this present week to cut generation without precedent for a long time with an end goal to support worldwide costs.

On the off chance that Opec figures out how to actualize the cut, then it could strengthen the present bounce back in penetrating, Andrew Cosgrove, an examiner at Bloomberg Intelligence, composed on Sept 29 in a report.

Lower Opec generation would bolster the case for another 133 apparatuses being included from now through the end of 2017, he composed. “Valuing force could desire land drillers in late 2017 or mid 2018 if oil stays bolstered and fix increments proceed.”

Oil costs climbed for this present week after Opec’s casual talks in Algiers, surging the most in over five months and prompting a second month to month pick up.

Opec’s proposition requires a slice underway to 32.5 million to 33 million barrels a day, yet numerous industry specialists are worried that individuals won’t have the capacity to participate enough to execute the cut.

Our Recommendation for KLSE ACTIVE TRADER.

SG INTRADAY SIGNAL : BUY GENTING SING  AT 0.760  TARGET 0.78, 0.81 SL 0.73

www.mmfsolutions.my

SG INTRADAY SIGNAL: BUY ROWLSEY AT 0.129  TARGET 0.133, 0.138 SL 0.124

www.mmfsolutions.my

  Get 3 Days Free Trial in Forex Trading Tips. 

Forex Trading Tips : 3 Days Free Trail in Malaysia.

Commodity klci news malaysia.

KUALA LUMPUR : Felda Global Ventures Holdings Bhd (FGV) and MyEG Services Bhd’s shares and call warrants ascended in extremely dynamic, potentially prodded on by merchants, while the FBM KLCI’s development was kept down by misfortunes in IHH Healthcare and Petronas Dagangan.

At 10.17am, the FBM KLCI was up 0.68 of a point or 0.04% to 1,656.46. Turnover was 462.24 million shares esteemed at RM296.83mil. There were 242 gainers, 194 failures and 299 counters unaltered.

Hong Leong Investment Bank (HLIB) Research said taking after a 4.1-point alleviation bounce back and a mallet candle arrangement on Tuesday, the KLCI’s quick standpoint has possibly enhanced, upheld by upticks in markers. Despite the fact that unpredictability will win, the file is prone to test 1,664 (backing turned-resistance) in the close term.

The examination house said a solid close above 1,664 will goad the KLCI higher towards the 1,670-1,678 levels next. On the other side, a definitive fall underneath 1640 will see the KLCI redressing further towards the 1,611-1,622 zones.

“We anticipate that instability will stay in the wake of tepid opinion in the midst of the unpredictable oil costs and Ringgit combined with vulnerabilities in front of the exceedingly expected Bank of Japan strategy result today. Be that as it may, we anticipate that business sector will balance out further in the midst of clarity from the (US Fed) FOMC arrangement proclamation (to be discharged by 3am on Thursday),” HLIB Research said.

Reuters reported oil costs hopped on Wednesday, bolstered by a reported attract U.S. rough inventories and by firm import information from Japan.

US light unrefined prospects were up 1.79%, or 79 pennies, at US$44.84 a barrel at 0027 GMT, floated by a legally binding rollover into higher-request November as a front-month. Brent unrefined petroleum fates were exchanging at US$46.46 per barrel, up 58 pennies, or 1.26%, from their last close.

Genting Malaysia was the top gainer, up 10 sen to RM4.61 after unpredictable exchange in the course of recent days taking after an update by examiners.

MyEG rose 10 sen additionally to RM2.36 with 12.8 million shares done. Its call warrants CY included two sen tol 15.5 sen and CX one sen to 13 sen while CW was level at six sen.

HLIB Research said the hidden pattern viewpoint is still emphatically in place for MyEG.

FGV rose eight sen to RM2.33 with 15.47 million shares done. Its call warrants C15 rose three sen to 29.5 sen with 30 million units done while C16 added two sen to 21 sen.

Allianz added eight sen to RM10.28 while Kim Hin and Pintaras added nine sen each to RM1.75 and RM3.39 while Hume Industries propelled seven sen to RM3.18.

Petronas Dagangan lost RM23.32, IHH Healthcare fell seven sen to RM6.51 and HLFG was down six sen to RM15.92.

BAT fell the most, down 92 sen to RM49.18 and Heineken lost 24 sen to RM17.30.

KESM fell 30 sen to RM7.70 after its entire year money related results.

Commodity klci falls below 1,650 midday in malaysia.

KUALA LUMPUR : Genting Malaysia Bhd, Maxis Bhd and Telekom Malaysia Bhd were the fundamental delays the FBM KLCI at late morning on Tuesday as financial specialists stayed wary in front of the national banks gatherings while the ringgit lost ground.

Indeed, even the surge in rough palm oil (CPO) costs couldn’t give much driving force to the ranch stocks. The nature of the purchasing was poor with the top gainers, scoring an addition of nine sen as it were.

At 12.30pm, the FBM KLCI fell beneath the 1,650 level. It lost 3.2 focuses or 0.19% to 1,648.51. Turnover was 588.22 million shares esteemed at RM554.40mil. There were 268 gainers, 393 washouts and 342 counters unaltered.

Most rising Asian monetary forms facilitated on Tuesday with alert increasing in front of Bank of Japan and US Federal Reserve arrangement choices this week.

Be that as it may, the Taiwan dollar kicked the territorial slide, ascending to an almost two-week high on further inflows into the island’s securities exchange. The ringgit drooped as government bond costs fell, proposing capital surges, Reuters reported.

The ringgit slipped against the US dollar to 4.1430 from the earlier day’s end of 4.1380. It debilitated against the pound sterling to 5.4020 from 5.4004 and facilitated against the Singapore dollar to 3.0392 from 3.0347. It was lower against the Euro at 4.6287 from 4.6211.

Most Southeast Asian securities exchanges were level with a negative inclination on Tuesday as financial specialists apprehensively anticipated the result of the national bank gatherings in Japan and the United States, with theories overflowing that the Bank of Japan will roll out significant improvements to its facilitating program, Reuters reported.

Genting Malaysia surrendered half of the earlier day’s additions, falling 12 sen to RM4.49 and deleting 1.21 focuses from the KLCI. Nonetheless, Genting Bhd added seven sen to RM7.88.

Maxis fell eight sen to RM6.07 and wiped out 1.02 focuses, Telekom lost 11 sen to RM6.59, Axiata and Digi shed two sen each to RM5.25 and RM4.79.

Tenaga Nasional lost four sen to RM14.38 and MISC five sen to RM7.45.

With respect to banks, RHB Bank fell three sen to RM4.68, AmBank two sen lower at RM4.14, Maybank shed one sen to RM7.82 however Public Bank rose six sen to RM19.54 and Hong Leong Bank two sen to RM12.88.

Among purchaser stocks, Ajinomoto fell 32 sen to RM13.02, Heneiken lost 16 sen to RM17.56.

Unrefined palm oil for third month conveyance hopped RM80 to RM2,722 per ton. PPB Group fell 20 sen to RM15.80, KL Kepong was level at RM23.80, Sime Darby and IOI Corp rose two sen each to RM7.67 and RM4.44.

US light unrefined petroleum fell 22 pennies to US$43.08 and Brent lost 13 pennies to US$45.82. Petronas Chemicals rose three sen to RM6.53, Petronas Gas added six sen to RM21.56 however Petronas Dagangan fell four sen to RM23.30 while SK Petro shed two sen to RM1.51.

George Kent was the top gainer with Ipmuda, both rising nine sen each to RM2.42 and 98 sen.

Kossan added eight sen to RM6.48, Apex Healthcare and Pharmaniaga added seven sen each to RM3.98 and RM5.67.

Gas Malaysia rose six sen to RM2.58 while likewise up six sen was UliCorp to RM4.40.

New forex , comex trading ideas for malaysian market.

KUALA LUMPUR : Chin Hin, Magni-Tech Industries, and Bintai Kinden could see some exchanging enthusiasm on Monday after their late corporate news, says JF Apex Research.

Button Hin’s unit Sage Evergreen Sdn Bhd arrangements to purchase a bit of freehold area in Kota Tinggi, Johor for RM22mil to extend its generation limit.

Concerning Magni-Tech Industries, the gathering’s 1QFY17 net benefit rose 51.1% on-year to RM23.5mil as its piece of clothing division’s benefit before expense rose 54.2% for the most part because of higher income and remote trade pick up. It was additionally supported by higher income and lower working costs from the bundling division.

Bintai Kinden, the gathering acknowledged a letter of aim from Riverview Company Ltd for a RM32.56mil subcontract including mechanical, electrical, pipes and putting out fires works in Vietnam.

Last Friday, US markets shut lower drove by money related and vitality counters as swelling surpassed desire. Likewise, European stocks were hit by saving money counters.

Last Thursday, the FBM KLCI lost 8.40 focuses too close at 1,652.99. After a week ago’s negative execution, the FBM KLCI could combine over the backing of 1,650.

Financial specialists will likewise be taking a gander at the result of US Federal Reserve meeting this week on any rate trek. The meeting begins on Wednesday.

Gold Updates

The spot gold cost edged lower amid Asian exchanging hours on Wednesday as the US dollar kept on picking up quality.

Spot gold was last at $1,319.10-1,319.50 for every ounce, down $0.45 from Tuesday’s nearby. Exchanging ran at $1,314.60-1,322.33 as such.

The US dollar file had begun moving since toward the end of last week before achieving a one-week high of 95.67 on Tuesday. It was last at 95.61, up 0.04 percent from its past close.

“Yesterday, Brainard’s remarks mollified fears of an unavoidable climb in September, however worries of a rising conviction inside the Fed that the advantage of keeping money related arrangement accommodative is disappearing shows up have left markets uneasy,” Rodrigo Catril, a cash strategist at National Australia Bank, said in a report on Wednesday morning.

Central bank senator Lael Brainard had cautioned on Monday that it would be a misstep to raise financing costs too rapidly and pushed for “judiciousness in the expulsion of arrangement convenience.”

Her remarks speak to a discernible change in tone after different Fed individuals have as of late straightforwardly championed a close term rate trek regardless of uneven US information and inquiries over the soundness of the worldwide economy.

Market members on Tuesday see the chances of a September rate increment at only 15 percent, and a 56.5 percent shot of a December trek, as indicated by the CME Group FedWatch instrument.

While gold is holding in high ground, benefit taking from stale theoretical aches keeps on making headwinds for gold in the short term, James Moore, an exploration examiner at FastMarkets, said.

“With Fed authorities now in the power outage period in front of one week from now’s FOMC meeting, course will be to a great extent information dependant, albeit gold could in any case see drawback weight if the business sector costs in an amazement cut in pre-FOMC situating,” he included.

In values, the Dow Jones Industrial Average shut 1.4 percent lower at 18,066.75 on Tuesday. The Shanghai Composite slipped 0.33 percent to 3,013.52 so far on Wednesday.

In US information discharged Tuesday, the NFIB little business list for August came in at 94.4, beneath the anticipated 94.9.

Key US information due for discharge later today incorporates import costs and unrefined petroleum inventories.

In different products, the Brent raw petroleum spot value rose 0.19 percent to $47.25 per barrel, while the Texas light sweet unrefined slipped 0.29 percent to $45.10 as of late.

In different valuable metals, silver was last at $18.85/18.87, down $0.02. Platinum was as of late unaltered at $1,028/1,038, while palladium picked up $3 to $650/658 as of late on Wednesday.

On the Shanghai Futures Exchange, gold for December conveyance was last unaltered at 285.05 yuan for each gram, and the December silver was level at 4,225 yuan for every kilogram.

Crude Oil and Gold Prices May Keep Falling on Fed Rate Hike Bets

Gold costs declined as the US Dollar ascended close by front-end Treasury security yields as hawkish critique from Fed authorities stirred up and coming rate climb hypothesis, of course. Raw petroleum costs were likewise gotten up to speed in the move, with a more grounded greenback applying accepted offering weight to the USD-designated WTI benchmark.

The viewpoint for US financial approach is liable to hold the spotlight in the close term. Everyone’s eyes are on a hurriedly planned discourse from Fed Governor Lael Brainard, by most records the main pigeon on the rate-setting FOMC panel. On the off chance that she echoes her associates’ saber-rattlingin late weeks, the business sectors may derive that the gathering is really of one personality about jolt withdrawal, sending ware costs bring down still.

What do past gold and unrefined petroleum value designs insight about on-coming moves? Discover here!

GOLD TECHNICAL ANALYSIS – Gold costs are withdrawing subsequent to testing a falling pattern line topping increases since early July. From here, a day by day close beneath the 1303.62-08.00 range (May 2 high, 38.2% Fibonacci retracement) uncovered the half level at 1287.29. Then again, an inversion back over the 23.6% Fib at 1333.62 opens the entryway for a retest of the pattern line, now at 1351.04.

CRUDE OIL TECHNICAL ANALYSIS  – Crude oil costs put in a Bearish Engulfing candle design, indicating a propel lower is. A day by day close beneath the September 1 low at 43.02 uncovered the August 11 base at 41.08. Then again, a push above falling pattern line resistance – now at 47.60 – focuses on the August 22 high at 48.97.