Stock market 2017 predictions – Bursa Malaysia lacklustre early Friday

Stock market 2017 predictions

KUALA LUMPUR: Stocks on Bursa Malaysia set up a dull execution early Friday without solid institutional leads in front of the downpour of corporate outcomes while key Asian markets chilled out. – Stock market 2017 predictions

At 9.30am, the KLCI was down 0.47 indicate or 0.03% 1,707.12. – Stock market 2017 predictions

Turnover was 258.09 million shares esteemed at RM99.65mil. There were 195 gainers, 174 washouts and 263 counters unaltered. – Stock market 2017 predictions

Asian securities exchanges chilled out on Friday from their current surge as financial specialists took benefits, while the dollar crept up after Thursday’s slide and hopefulness over conceivable restored supply cuts by OPEC lifted oil costs, Reuters announced.

MSCI’s broadest list of Asia-Pacific shares outside Japan pulled back 0.2%, on track to end the week up 1.2%, its fourth straight week of increases.

US rough added 0.1% to US$53.43 a barrel in early Asian exchange, however is set out toward a decay of 0.8% for the week.

Kenanga Investment Bank Research, in its remarks on the specialized standpoint for the share trading system, said on the outline, the KLCI was sitting down after its current specialized crevice up a week ago.

“The moving over of every day RSI and Stochastic from their overbought domain are suggesting shortcoming among the bulls, implying of further union play really taking shape.

“Along these lines, we figure that the KLCI is probably going to end the week level inside 1,700-1,710 today, where resistance levels are still found at 1,729 (R1)/1,744 (R2) and bolster tied at 1,700 (S1)/1,680 (S2),” it included.

Open Bank lost 10 sen to RM19.98, Genting Bhd five sen to RM8.75 and Eon Credit was down four sen to RM15.60.

Our recommendation for KLSE investor

  1. DNEX
  2. YGF
  3. JAG
  4. ASIABIO
  5. AIRASIA

KLSE INTRADAY SIGNALS: BUY AIRASIA AT 2.60 TARGET 2.70, 2.80 SL 2.48 

Our recommendation for SGX  investor

  1. AASINO GRANDNESS
  2. SINO GRANDNESS
  3. SINGMEDICAL
  4. SAMKO TIMBER
  5. ST ENGINEERING

SGX INTRADAY SIGNALS: BUY YING LI INTL AT 0.173 TARGET 0.179, 0.185 SL 0.166 

 

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