Investment Advisory Malaysia: Bursa Malaysia ended the morning

KUALA LUMPUR: Bursa Malaysia finished the morning session on a positive note in the midst of an absence (Investment Advisory Malaysia) of impetuses and stresses over the strains between the US and North Korea.

At 12.30pm (Investment Advisory Malaysia),

The benchmark FBM KLCI increased 3.56 focuses to 1,770.52. The record opened 0.45 of-a-point simpler at 1,766.50 early today. There were 347 gainers and 336 washouts while 344 unaltered. Around 651.08 million offers, esteemed at RM569.36mil, changed hands.

Hong Leong Investment Bank Research (HLIB) said FBM KLCI might be expected for a specialized bounce back, however upside topped along 1,770-1,775 focuses level.

“We trust that nature could have settled right now following an automatic response a week ago and (Malaysia Share Market) speculators may search for circumstance this week on oversold stocks for encourage specialized bounce back probability,” it said.

HLIB said speculators could be concentrating on the Fed’s meeting minutes that will be discharged on Wednesday.

“Thus, on the neighborhood front, opinions may turn possibly positive after the overwhelming offering exercises a week ago. The FBM KLCI could be expected for a specialized bounce back and may exchange towards (Investment Advisory Malaysia) 1,770 over the close term in the midst of deal chasing tone from the financial specialists,” it included,

A week ago, enter provincial (Malaysian Stock Tips) markets went into an offering mode after strains between US-North Korea heightened week. The greater part of the financial specialists took the risk to take the benefits off the tables and expanded presentation inside place of refuge resources.

Top gainers on Bursa Malaysia included KESM which added RM1.22 to RM15.04, Panasonic Manufacturing rose 36 sen to RM37.30 and Malaysian Pacific Industry picked up 34 sen to RM13.10.

The decliners included Batu Kawan, Success Transformer and MB World Group.

In the interim, Reuters announced that Asian stocks ricocheted on Monday after three straight losing sessions, following a firmer Wall Street, while the dollar was topped by pressures on the Korean landmass and questions that the Federal Reserve will climb loan fees again this year.

MSCI’s broadest file of Asia-Pacific offers outside Japan rose 0.8%. It had lost 3% over the past three sessions as (Investment Advisory Malaysia) pressures raised between the United States and North Korea.

South Korea’s KOSPI climbed 0.6%, Hong Kong’s Hang Seng was up 0.9% and Shanghai included 0.7%. Japan’s Nikkei 225 evaded the pattern and fell 1%.

Reuters said geopolitical dangers were relied upon to remain a key topic for the worldwide markets in the close term, as North Korea observes Liberation Day on Tuesday to check the finish of Japanese run the show.

Speculators additionally propped for strains in front of Aug. 21, when a yearly joint U.S.- South Korean military exercise is because of start.

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Bursa malaysia stock tips – Asian shares slipped on Thursday

 

Asian shares slipped on Thursday after Wall Street endured a mellow difficulty following quite a while of additions, while the dollar blurred against the yen in ordinary year-end benefit taking. Japan’s Nikkei lost 1 percent as the yen solidified, edging far from its late one-year beat. – Bursa malaysia stock tips

Australia’s fundamental

list facilitated 0.1 percent, having touched a 17-month top the earlier day. Moves were unobtrusive over the locale with MSCI’s broadest list of Asia-Pacific shares outside Japan off only 0.05 percent.

The pullback on Wall Street came in the midst of light volumes and likely reflected alert about what the New Year may bring, given Wednesday was the principal session when exchanges really settle in January.

The Dow fell 0.56 percent,

while the S&P 500 lost 0.84 percent and the Nasdaq 0.89 percent. Boeing fell 0.9 percent after Delta Air Lines crossed out a US$4-billion request for 18 Dreamliner

while the S&P 500 lost 0.84 percent and the Nasdaq 0.89 percent. Boeing fell 0.9 percent after Delta Air Lines crossed out a US$4-billion request for 18 Dreamliner air ship.

Innovation was the biggest weight on major files, with Nvidia down 6.9 percent after short merchant Citron Research said the market was disregarding the headwinds for the stock – which had prior touched a record high.

Powerless home deals information were rebuked for a portion of the offering, however typically this arrangement scarcely gets a specify in business sectors.

Contracts to purchase beforehand claimed US homes fell in November to their most reduced level in almost a year, an insight of how rising home loan rates could weigh on the lodging market.

US bonds made an uncommon rally s the delicate report joined with shockingly solid interest for an offer of new five-year Treasury notes. Yields on 10-year paper tumbled to their most minimal levels in two weeks to around 2.497 percent.

However euro zone yields were additionally falling on worries about the quality of a safeguard get ready for Italian banks and typical year-end alert. Germany’s 10-year yields hit their least in seven weeks at 0.181 percent, while their rebate to Treasury yields came to the largest on record.

The steadily augmenting yield hole kept the euro retrained around $1.0435, subsequent to touching an eight-session trough of US$1.0372. Sterling was additionally delicate at US$1.2233 in the wake of hitting its most reduced in two months.

The dollar facilitated 0.5 percent on the yen to 116.75,

however was still up 12 percent in the course of recent months. In item advertises, oil fell off the bubble after information demonstrated an astonish work in US unrefined inventories. US unrefined fell 32 pennies to US$53.74 a barrel, while Brent was last cited down 19 pennies at US$56.03.

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Bhd & Western Union have launched the first digital remittance service in Malaysia

KUALA LUMPUR: Malayan Banking Bhd (Maybank) and Western Union have launched the first digital remittance service in Malaysia via its Maybank2u mobile banking App.  

Maybank said on Wednesday the service enables Maybank customers to transfer money to more than 500,000 Western Union agent locations in over 200 countries and territories. 

Available 24 hours a day, seven days a week including public holidays, the service allows customers to transfer up to RM10,000 in a day. Recipients are able to receive money quickly after it is wired by the sender.  

The new service will reinforce Maybank’s online leadership and help the bank to grow its business of enabling transactions on digital platforms. 

Maybank group head, community financial services, Datuk Lim Hong Tat said this new service reflects the same commitment the bank has as Western Union in providing consumers the best in cross-border financial services. 

“Maybank customers are now able to enjoy fast, convenient and reliable cross-border remittance transfer services digitally around the world.”
 
“We have revolutionised the money transfer processes for Maybank customers when comparing with current practice where they need to visit a Western Union Agent location in order to transfer money. Now, all they need to do is log in to the M2u App and select the Western Union service, and they are good to go,” Lim added. 

Maybank has the highest digitally engaged customer base, logging in and transacting far more than its peers. 

Maybank is the leading mobile banking provider in the country with 62% of all mobile banking transactions in the Malaysian market, which is performed via the Maybank2u App.

Western Union vice president for key initiatives, Middle East, Africa, Asia Pacific, Eastern Europe and Commonwealth of Independent States, Bassem Awada said the mobile banking app would “not only grow our relationship with Maybank, but also strengthens our position in Malaysia’s cross-border money transfer market”. 

He added the combination of Maybank’s strong presence in digital banking and Western Union’s growing digital network, geographic reach and ability to exchange in 130 currencies enables us to move money quickly and reliably.

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KLSE INTRADAY SIGNALS: BUY MYCRON AT 1.05 TARGET 1.08, 1.12 SL 1.00

KLSE INTRADAY SIGNALS: BUY SUPERMX AT 2.13 TARGET 2.20, 2.27 SL 2.04 

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U.S. prosecutors said on Friday

U.S. prosecutors said on Friday that a FBI operator had admitted to being a “noteworthy source” of spilled data to writers covering an insider exchanging test including a celebrated around the world Las Vegas sports speculator and additionally proficient golfer Phil Mickelson.Federal prosecutors in Manhattan, who are seeking after the body of evidence against player William “Billy” Walters, said in a letter recorded in Manhattan government court that the specialist had confessed to being a hotspot for The Wall Street Journal and The New York Times.

Manhattan U.S. Lawyer Preet Bharara’s office has alluded the matter to the U.S. Equity Department’s Office of Inspector General, and the Federal Bureau of Investigation has reported the specialist to its Office of Professional Responsibility, the letter said.

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