KUALA LUMPUR: Bursa Malaysia joined the key Asian markets to exchange bring down early Monday on rising stresses over geopolitical dangers. Malaysian intraday stock picks klse
At 9.55am (Malaysian intraday stock picks klse)
The KLCI was down 3.33 focuses or 0.19% to 1,738.39. Turnover was 1.09 billion shares esteemed at RM277.78mil. There were 325 gainers, 270 failures and 341 counters unaltered.
Reuters detailed Asian stocks began the week on a mindful balance on Monday as expanded geopolitical dangers incited speculators to support place of refuge wagers,
For example, government obligation while the dollar profited from remarks from a US national broker.
The ascent in dangers of a contention appears differently in relation to market watchers’ viewpoint for the worldwide economy,
Which is maybe the most idealistic it has been in years, with Chinese information this week anticipated that would demonstrate the economy performing admirably, the wire report said.
Kenanga Investment Bank Research said on the more extensive picture, the essential pattern of the KLCI was still up, inclining along its uptrend relapse channel.
It is watched that the key list has remembered towards its channel bolster line on the back of decreasing energy markers,
Whereby the MACD and day by day RSI are right now pulling back to demonstrate shortcoming of the bulls at this crossroads,” it said.
The exploration house said without key impetuses
Everyone’s eyes will be set upon the up and coming corporate income season, as large US banks will report comes about this week, for more intimations over market bearing.
“Until further notice,
We see that the KLCI will commence the week on a quieted note with range-headed exchange likely for the rest of the week.
Key resistance levels are seen at 1,750 (R1)/1,760 (R2), while backings are pegged at 1,740 (S1)/1,727 (S2),” said Kenanga Research.
HLFG fell 16 sen to RM16.06 with only 100 shares done while Petronas Dagangan lost 10 sen to RM24.
IQ Group was down 10 sen to RM3.40, Perstima and Pentamaster eight sen bring down at RM7.60 and RM2.68.
HCK was the top entertainer, up 52 sen to RM4.55 with 4,500 shares done.
Ajinomoto rose 42 sen to RM18.82, Bursa 17 sen higher at RM9.70, Hai-O and Superlon 13 sen up to RM3.72 and RM3.29 while BAT and Bison picked up 10 sen each to RM46.10 and RM2.05.