Share Investment Tip – Diary Malaysia

KUALA LUMPUR: ALL TIMES ARE PROVISIONAL AND IN LOCAL TIME FOLLOWED BY GMT IN BRACKETS.

WEDNESDAY, JULY 26

PUTRAJAYA-Prime Minister Najib Tun Razak goes to Malay Language Oratory Competition for the 2017 Prime Minister’s Trophy, at Plenary Hall, Putrajaya International Convention Center (PICC) at 2030 (1230 GMT)

KUALA LUMPUR-Minister of International Trade and Industry, Datuk Seri Mustapa Mohamed to dispatch National E-Commerce Forum, Dewan Perdana, Aras 1, Menara MITI, Kuala Lumpur at 0900 (0100 GMT)

KUALA LUMPUR-Bursa Malaysia Bhd media preparation on first half 2017 money related outcomes, (Share Investment Tip ) Conference Room, Ground Floor, Bursa Malaysia Bhd, Bukit Kewangan, Kuala Lumpur at 1400 (0600 GMT)

MONDAY, JULY 31

KUALA LUMPUR-Release of June 2017 Money Supply Data at 1500 (0700 GMT)

KUALA LUMPUR-Release of Detailed Disclosure of International Reserves as at end June 2017 at 1200 (0400 GMT)

FRIDAY, AUGUST 4

KUALA LUMPUR-Release of June 2017 External Trade Statistics at 1200 (0400 GMT)

MONDAY, AUGUST 6

KUALA LUMPUR-Release of Bank Negara’s remote saves as at 31 July 2017 at 1500 (0700 GMT)

THURSDAY, AUGUST 10

KUALA LUMPUR-Release of June 2017 Industrial Production Index at 1200 (0400 GMT)

FRIDAY, AUGUST 18

KUALA LUMPUR-Release of Malaysia’s second Quarter 2017 GDP at 1200 (0400 GMT)

TUESDAY, AUGUST 22

KUALA LUMPUR-Release of Bank Negara’s remote saves as at 15 August 2017 at 1500 (0700 GMT)

WEDNESDAY, AUGUST 23

KUALA LUMPUR-Release of July 2017 Consumer Price Index at 1200 (0400 GMT)

WEDNESDAY, AUGUST 30

KUALA LUMPUR-Release of July 2017 Money Supply Data at 1500 (0700 GMT)

KUALA LUMPUR-Release of Detailed Disclosure of International Reserves as at end July 2017 at 1200 (0400 GMT)

THURSDAY, AUGUST 31

KUALA LUMPUR-Market and Public Holiday-National Day

FRIDAY, SEPTEMBER 1

KUALA LUMPUR-Market and Public Holiday-Aidil Adha

WEDNESDAY, SEPTEMBER 6

KUALA LUMPUR-Release of July 2017 External Trade Statistics at 1200 (0400 GMT)

KUALA LUMPUR-Release of Bank Negara’s outside stores as at 30 August 2017 at 1500 (0700 GMT)

THURSDAY, SEPTEMBER 7

KUALA LUMPUR-Release of Monetary Policy Statement at 1500 (0700 GMT)

MONDAY, SEPTEMBER 11

KUALA LUMPUR-Release of July 2017 Industrial Production Index at 1200 (0400 GMT)

WEDNESDAY, SEPTEMBER 20

KUALA LUMPUR-Release of August 2017 Consumer Price Index at 1200 (0400 GMT)

THURSDAY, SEPTEMBER 21

KUALA LUMPUR-Market and Public Holiday-Islamic New Year Holiday

FRIDAY, SEPTEMBER 22

KUALA LUMPUR-Release of Bank Negara’s remote holds as at 15 September 2017 at 1500 (0700 GMT)

FRIDAY, SEPTEMBER 29

KUALA LUMPUR-Release of August 2017 Money Supply Data at 1500 (0700 GMT)

KUALA LUMPUR-Release of Detailed Disclosure of International Reserves as at end August 2017 at 1200 (0400 GMT)

FRIDAY, OCTOBER 6

KUALA LUMPUR-Release of August 2017 External Trade Statistics at 1200 (0400 GMT)

KUALA LUMPUR-Release of Bank Negara’s outside stores as at 29 September 2017 at 1500 (0700 GMT)

THURSDAY, OCTOBER 12

KUALA LUMPUR-Release of August 2017 Industrial Production Index at 1200 (0400 GMT)

WEDNESDAY, OCTOBER 18

KUALA LUMPUR-Market and Public Holiday-Deepavali

FRIDAY, OCTOBER 20

KUALA LUMPUR-Release of September 2017 Consumer Price Index at 1200 (0400 GMT)

KUALA LUMPUR-Release of Bank Negara’s remote holds as at 13 October 2017 at 1500 (0700 GMT)

MONDAY, OCTOBER 31

KUALA LUMPUR-Release of September 2017 Money Supply Data at 1500 (0700 GMT)

KUALA LUMPUR-Release of Detailed Disclosure of International Reserves as at end September 2017 at 1200 (0400 GMT)

FRIDAY, NOVEMBER 3

KUALA LUMPUR-Release of September 2017 External Trade Statistics at 1200 (0400 GMT)

TUESDAY, NOVEMBER 7

KUALA LUMPUR-Release of Bank Negara’s remote saves as at 31 October 2017 at 1500 (0700 GMT)

THURSDAY, NOVEMBER 9

KUALA LUMPUR-Release of Monetary Policy Statement at 1500 (0700 GMT)

KUALA LUMPUR-Release of September 2017 Industrial Production Index at 1200 (0400 GMT)

FRIDAY, NOVEMBER 17

KUALA LUMPUR-Release of Malaysia’s third Quarter 2017 GDP at 1200 (0400 GMT)

WEDNESDAY, NOVEMBER 22

KUALA LUMPUR-Release of Bank Negara’s outside stores as at 15 November 2017 at 1500 (0700 GMT)

KUALA LUMPUR-Release of October 2017 Consumer Price Index at 1200 (0400 GMT)

THURSDAY, NOVEMBER 30

KUALA LUMPUR-Release of October 2017 Money Supply Data at 1500 (0700 GMT)

KUALA LUMPUR-Release of Detailed Disclosure of International Reserves as at end October 2017 at 1200 (0400 GMT)

FRIDAY, DECEMBER 1

KUALA LUMPUR-Market and Public Holiday-Prophet Muhammad’s Birthday

THURSDAY, DECEMBER 7

KUALA LUMPUR-Release of Bank Negara’s outside stores as at 30 November 2017 at 1500 (0700 GMT)

FRIDAY, DECEMBER 22

KUALA LUMPUR-Release of Bank Negara’s outside stores as at 15 December 2017 at 1500 (0700 GMT)

MONDAY, DECEMBER 25

KUALA LUMPUR-Market and Public Holiday-Christmas Day

WEDNESDAY, DECEMBER 29

KUALA LUMPUR-Release of November 2017 Money Supply Data at 1500 (0700 GMT)

KUALA LUMPUR-Release of Detailed Disclosure of International Reserves as at end November 2017 at 1200 (0400 GMT)

NOTE: The incorporation of journal things does not really imply that Reuters will document a story in view of the occasion.

 

Stocks advisory in Malaysia – Maxis share price down after placement exercise

PETALING JAYA: Maxis Bhd’s offer cost went under offering weight taking after its position of offers in an activity that saw the telco raising some RM1.656bil.Stocks advisory in Malaysia 

The offers were around 5% to close at RM5.62, wiping out near RM2bil from its market capitalisation which remained at RM42.2bil. Volume was likewise high, with 17.57 million offers evolving hands.  Stocks advisory in Malaysia 

Stocks advisory in Malaysia

Merchants said the offering was because of a few speculators being worried about the profit weakening and vulnerabilities over profit spill out of the main telco.

“There would be some shade in the offer cost until income begin to develop,” said a merchant.

The telco reported yesterday that it had raised RM1.656bil from the situation of 300 million offers at RM5.52 per share, taking after the culmination of its book-building process. Stocks advisory in Malaysia 

It said the situation pulled in both neighborhood and remote institutional financial specialists, with the book being oversubscribed.

“The issue cost was settled at RM5.52 per situation share, speaking to a rebate of roughly 6% to the end cost of Maxis on June 16.

“This new value will reinforce Maxis Group’s budgetary position and will offer adaptability to subsidize future range task expenses and development methodology,” it said in an announcement.

MIDF Research said the activity would likewise make monetary adaptability for Maxis to finance its future range task charges, plant development and development methodology should the open door emerge.

It said the returns from the position would bring about Maxis seeing upgraded money streams, liquidity, premium cost investment funds and enhanced outfitting levels.

MIDF Research, which has an “impartial” approach the counter, in any case, noticed that the telco’s aggregate endorsers keep on shrinking.

“Maxis’ engaging quality as a profit play stock has likewise faded because of the adjustments in its profit payout approach,” it said.

PublicInvest Research, in the mean time, said the proposed practice did not come as an astonishment, given the telco’s high outfitting level and heavier capital use in perspective of the rising range cost.

“We trust the planning of this raising money practice is perfect, as Maxis’ profit stay versatile at this crossroads because of its exceptional marking and better system framework relative than peers.

“This, nonetheless, may not be managed moving into 2018, as we anticipate that companions will enhance item offerings and nature of administrations once they reveal extra range under the 900/1,800 MHz groups,” it said.

Stocks advisory in Malaysia

Hot stocks of the day

1. HIAPTEK 
2. HIAPTEK-WB
3. MBSB-CY
4. MAYBANK
5. SUNWAY

The FBM KLCI is expected to remain lacklustre today – klse stock pick

KUALA LUMPUR: The FBM KLCI is relied upon to stay dull today in accordance with the lukewarm overnight opinion at most worldwide markets, (klse stock pick) as geopolitical butterflies seem, by all accounts, to be picking up footing. 

Financial specialists looked for haven in gold (klse stock pick),

U.S. Treasuries and the yen on Tuesday as strains rose between the United States and Russia, notwithstanding stresses over U.S. relations with Syria and North Korea, as indicated by Reuters.

U.S. Secretary of State Rex Tillerson conveyed a message from world forces to Moscow on Tuesday upbraiding Russian support for Syria’s Bashar al-Assad, it said.

Stocks pulled well again from their session lows yet were still down for the day.

The Dow Jones Industrial Average fell 6.72 focuses, or 0.03 percent, to 20,651.3, the S&P 500 lost 3.38 focuses, or 0.14 percent, to 2,353.78 and the Nasdaq Composite dropped 14.15 focuses, or 0.24 percent, to 5,866.77, said Reuters.

AllianceDBS Research in its night release Tuesday:

Said that hosed by the down close in the previous day, the FBM KLCI had on April 11 broken beneath the 1,738 level again to a low of 1,733.79 as market members played on the offering side in reckoning of a lower advertise.

It said under the industrious offering interest (klse stock pick):

The benchmark record was in the red all through most exchanging sessions before settling close to the day’s low at 1,735.84 (down 3.68 focuses or 0.21%).

“In the more extensive market, failures dwarfed gainers with 569 stocks finishing lower and 358 stocks completing higher. That gave a market expansiveness of 0.62 demonstrating the bears were in charge,” it said.

That gave a market expansiveness of 0.62 demonstrating the bears were in charge,” it said.

AllianceDBS Research said showcase members played an offering diversion on April 11.

“This had put a descending weight on the benchmark record to slip underneath the 1,738 level once more.

“Many market members may in any case bullish about the market, yet the tight market run as of late had made a low unpredictability condition, which was seen less positive for exchanging opportunity.

“This low unpredictability showcase condition had diminished the benefit zone desire.

“With a specific end goal to transform this sort of market condition into a testing spot to exchange, hazard taking business sector members had expanded the market instability by offering into the market,” it said.

klse stock pick

 

klse stock pick

Latest Hot stocks for KLSE traders

  1. SERSOL
  2. GOCEAN
  3. PRIVA
  4. ANZO
KLSE INTRADAY CALL: BUY SERSOL AT 0.265 TARGET 0.280, 0.295 SL 0.245 

KLSE INTRADAY UPDATE: SERSOL AT 0.280, OUR 1st TARGET DONE. 

Stock Tips Malaysia – The FBM KLCI got off

KUALA LUMPUR: The FBM KLCI got off to a quieted begin to the second quarter of 2017 at the beginning of today. – Stock Tips Malaysia

At 9.05am, the FBM KLCI was down 0.03 focuses to 1,740.06. Stock Tips Malaysia

The top failures included Petronas Dagangan Bhd, Hatalega Holdings Bhd, Latitude Tree Holdings Bhd, GHL Systems Bhd, Genting Bhd, Teck Guan Perdana Bhd and Eco World Development Group Bhd.

Asian shares began the week on an enduring balance on Monday after a guard quarter as speculators look to the state of U.S. exchange and financial approaches and how they could influence worldwide development, as per Reuters.

MSCI’s broadest record of Asia-Pacific shares outside Japan was minimal changed in early exchange while Japan’s Nikkei rose 0.1 percent, it said.

JF Apex Securities Research said US markets declined on Friday after purchaser spending information came underneath desire. European stocks finished blended after potential Brexit and bureau reshuffle in South Africa. – Stock Tips Malaysia

“On the neighborhood advertise, the FBM KLCI tumbled 9.16 focuses to 1740.09 focuses. Stock Tips Malaysia

“Taking after the dull execution in the US and Europe, the FBM KLCI could remain influenced underneath 1750 focuses,” it said.

Stock Tips Malaysia

Public Bank and AmBank fell early Friday – Shariah Compliant Investment Tips

KUALA LUMPUR: Public Bank and AmBank fell early Friday on expanded benefit taking, dragging the FBM KLCI more profound into the red, in spite of a slight recuperation in raw petroleum costs, as speculators turned careful however Iskandar Waterfront City (IWC) developed its rally. – Shariah Compliant Investment Tips.

At 9.30am (Shariah Compliant Investment Tips),

The KLCI was down 2.1 focuses or 0.12% to 1,715.32. Turnover was 463.05 million shares esteemed at RM271.37mil. There were 208 gainers, 226 failures and 281 counters unaltered.

Asian stocks edged up and the dollar rose to 1-1/2-month highs versus the yen on Friday in front of the US non-cultivate payrolls report due later in the day, as per Reuters.

MSCI’s broadest file of Asia-Pacific shares outside Japan included 0.1%, taking signals from a humble ricochet in Wall Street overnight. Japan’s Nikkei climbed 1% on the back of a weaker yen and Australian stocks included 0.4%.

In the interim,

US unrefined costs edged up on Friday in the wake of dipping under US$50 per barrel surprisingly since December in the past session, influenced by worries that a worldwide supply overabundance is demonstrating unshakably determined, the wire announced.

US West Texas Intermediate unrefined (WTI) was up 23 pennies at US$49.51 a barrel at 0027 GMT.

Hong Leong Investment Bank (HLIB) Research said in spite of the fact that deal chasing exercises could keep on providing a fleeting specialized bounce back on Wall Street in front of the employments information today, it anticipated that slant would be wary preceding the FOMC meeting one week from now.

“In the interim,

offering weight may stretch out on the O&G heavyweights inside our neighborhood bourse in the midst of weaker unrefined petroleum costs. In any case, dealers could discover openings inside generally strong lower liners and little tops in the event that they turn oversold,” it said.

Gold costs dipped under the key level of $1,200 an ounce on Friday to hit their most minimal in more than five weeks, forced by a more grounded dollar in front of U.S. employments information later in the day, Reuters detailed.

HLFG was the top failure,

down 14 sen to RM15.42, Public Bank lost 12 sen to RM19.68 and AmBank shed seven sen to RM4.86 while AFG was down five sen to RM4.

Petron Malaysia lost 13 sen to FM5.85 while Petronas Gas shed eight sen to RM19.60.

IHH Healthcare was down five sen to RM5.87

Notwithstanding, IWC surged 21 sen to RM1.97 in dynamic exchange after an illumination that Iskandar Waterfront Holdings Sdn Bhd (IWH) will incorporate its 30% stake in the Bandar Malaysia extend as a major aspect of its proposed corporate exercise to assume control over the posting status IWC.

Maybank resisted the pattern to climb eight sen to RM8.81.

KESM added 40 sen to RM10.42. Its net benefit for its 2QFY17 rose 42.5% on-year to RM9.98mil on higher interest for its consume in and test administrations. MPI rose eight sen to RM9.98.

The FBM KLCI fell nearly five points early Tuesday – Share Trading Signals in Malaysia

KUALA LUMPUR: The FBM KLCI fell about five focuses early Tuesday when it revived for exchanging after the Chinese New Year occasions as assumption took a hit from the weaker overnight close on Wall Street. (Share Trading Signals in Malaysia)

At 9.30am


the KLCI was down 4.86 focuses or 0.29% to 1,681.50 because of misfortunes in influence mammoth Tenaga Nasional, Sime Darby and Genting Bhd. (Share Trading Signals in Malaysia)

Turnover was 182.09 million shares esteemed at RM77.70mil. There were 127 gainers, 141 failures and 203 counters unaltered.

Reuters announced Asian shares were on edge as stringent checks on go to the US requested by President Donald Trump conveyed home to financial specialists that he is not kidding about putting his radical battle vows enthusiastically.

Kenanga Investment Bank Research said actually,


the basic file is emphatically balanced for more noteworthy statures as it is all around upheld by all its upward slanting basic moving midpoints (SMAs).

“The MACD line is additionally showing a bullish merging, steady of the bullish-inclination standpoint.

“In any case,


with the abbreviated exchanging week ahead (three exchanging sessions this week) where most financial specialists are as yet getting a charge out of the bubbly occasion, exchanging exercises are required to be curbed.

“All in, we anticipate that the FBM KLCI will exchange sideways inside 1,680-1,690 this week. Key overhead resistances are seen at 1,690 (R1)/1,700 (R2), while backings are situated at 1,680 (S1)/1,660 (S2),” Kenanga Research said.

At Bursa, smolder in analyzer KESM fell the most, down 28 sen to RM10 yet with 600 shares done it after the current rally.

Petronas Gas fell 14 sen to RM20.78,


Tenaga expanded its decrease from a week ago, down 14 sen to RM13.46, Sime Darby fell eight sen to RM9.15 and Genting Bhd six sen bring down at RM8.34.

Magna Prima lost seven sen to RM1.49 after the current value surge in front of its corporate declaration. SAM Engineering lost six sen to RM5.62.

Shell Refining rose seven sen to RM2.82 while Allianz and Favelle Favco added six sen each to RM10.88 and RM2.64 and Maybank increased four sen to RM8.29.

In the interim,


Brent raw petroleum costs fell around 5% from their initial January top as rising US penetrating action counterbalance endeavors by OPEC and different makers to slice yield with an end goal to prop up the market, Reuters revealed.

Brent rough fates were exchanging at US$55.25 per barrel at 0112 GMT, for all intents and purposes unaltered from their last close. US West Texas Intermediate (WTI) unrefined fates were at US$52.58 a barrel, down five pennies from their past settlement.

Our recommendation for KLSE investors


  1. NOTION
  2. AIRASIA
  3. DATAPRP
  4. SEAL
  5. DOLPHIN 

KLSE INTRADAY SIGNALS: BUY DATAPRP AT 0.235 TARGET 0.245, 0.255 SL 0.220 


Our recommendation for SGX investors


  1. SUNPOWER
  2. MM2 ASIA
  3. THAIBEV
  4. BEST WORLD
  5. AA

SGX INTRADAY SIGNALS: BUY BESTWORLD AT 1.82 TARGET 1.89, 1.96 SL 1.73 


 

 

KLCI starts Monday – how to stock pick successfully

KUALA LUMPUR: Blue chips commenced the new week on a firmer note early Monday with Sime Darby, RHB Bank and Kuala Lumpur Kepong (KLK) supporting the progress. (how to stock pick successfully)

At 9.38am (how to stock pick successfully)

the KLCI was up 4.61 focuses or 0.28% to 1,669.50. Turnover was 256.71mil esteemed at RM116.40mil. There were 211 gainers, 154 washouts and 222 counters unaltered.

Then, Reuters detailed gold costs ascended on Monday on a weaker dollar and place of refuge purchasing on vulnerabilities over US approach after Donald Trump was confirmed as president last Friday.

Spot gold rose 0.5% to US$1,215.30 per ounce by 0051 GMT.

US gold prospects were up 0.9% at $1,215.10 by 0051 GMT. The dollar file, which measures the greenback against a bushel of monetary standards, fell 0.2% to 100.540.

Kenanga Investment Bank Research said it anticipates that the KLCI will see lukewarm throughout the week because of the approaching instabilities over recently selected US President Donald Trump’s managerial arrangements.

“Regardless of a more grounded than-anticipated Wall Street execution amid Trump’s first day in office, his first managerial move to pull back from the TPP (Trans Pacific-Partnership) from the very beginning will probably hose the neighborhood bourse and local conclusion.

“Diagram astute, the KLCI is still range bound inside the 1,660-1,680 year-to-date. The absence of driving force energy portrayed by the flattish MACD and RSI force pointers are embroiling a flattish exchanging week ahead.

“In addition, exchanging volume is required to be thin as we enter the long Chinese New Year end of the week break ahead.

“All in, we figure that the KLCI will exchange level inside 1,660 (S1)- 1,680 (R1) this week, with the following level of resistance and bolster found at 1,700 (R2) and 1,650 (S2) individually,” Kenanga Research said.

Among the KLCI stocks

BAT rose 40 sen to RM44.50, KLK added 14 sen to RM24.38, MISC 12 sen higher at RM7.42 while Sime Darby added eight sen to RM8.60 and RHB Bank increased seven sen to RM4.95.

Nakamichi surged eight sen to 11.5 sen. Glove creators Hartalega and Top Glove rose eight sen each to RM4.70 and RM5.24.

AirAsia fell nine sen to RM2.49 in dynamic exchange while UMW Oil and Gas shed 0.5 sen to 72.5 sen.


Our Recommendation for KLSE investors.


  1. DOLPHIN
  2. JCY
  3. HIBISCS
  4. MBSB

KLSE INTRADAY SIGNALS: BUY DOLPHIN AT 0.415 TARGET 0.430, 0.450 SL 0.380 


Our Recommendation for KLSE investors.


  1. WILTON RESOURCES
  2. TRENDLINES
  3. SEMBCORP MARINE
  4. ASL MARINE

SGX INTRADAY SIGNALS: BUY ASL MARINE AT 0.158 TARGET 0.164, 0.170 SL 0.152 

 

Blue chips recovered slightly early Tuesday – Stock Advisory

KUALA LUMPUR: Blue chips recuperated marginally early Tuesday from the earlier day’s decay which was impelled by remote offering while Matang Bhd was in concentrate on its first exchanging day. – Stock Advisory

At 9.52am (Stock Advisory)

The KLCI was up 2.24 focuses or 0.14% to 1,661.08 in the wake of falling 13 focuses the earlier day.

Turnover was 473.29 million shares esteemed at RM148.37mil. There were 197 gainers, 211 failures and 261 counters unaltered.

The ringgit was unaltered against the US dollar at 4.4640.Oil markets were blended, bolstered by Saudi Arabia saying it would entirely hold fast to a promise to cut yield, yet kept down by distrust in money related markets about the standpoint at unrefined costs, Reuters announced.

US West Texas Intermediate (WTI) raw petroleum fates were exchanging up 16 pennies at US$52.53 per barrel at 0136 GMT. Brent unrefined prospects fell nine pennies to US$55.77 a barrel. – Stock Advisory

At Bursa Malaysia, oil palm manor organization Matang rose 1.5 sen to 14.5 sen on its exchanging debut on the ACE MArket. It was among the most dynamic counter with 226.61 million shares done.

Hong Leong Industries rose 17 sen to RM9.65 while Hong Leong Bank added 16 sen to RM13.26 and Magni-Tech picked up 12 sen to RM4.65.

Maybank rose nine sen to RM8.14 and MISC seven sen higer at RM7.48 while Maxis climbed six sen to RM6.08.

Just World Group recovered a portion of Monday’s misfortunes which were activated by the impermanent conclusion of its 14 outlets in First World Hotel, Genting Highlands from Feb 12. It rose eight sen to RM2.09.

Petronas Gas fell 20 sen to RM20.18, Genting Bhd 11 sen bring down at RM8.27.

Our recommendation for KLSE  investors. 

  1. HIBISCS
  2. MATANG
  3. MAGNI
  4. SUMATEC

KLSE INTRADAY SIGNALS: BUY HIBISCS AT 0.470 TARGET 0.490, 0.510 SL 0.445 

Take 3 days free trial in Stock Advisory in Malaysia and gain profits.

Foreigners make comeback on share investment malaysia

KUALA LUMPUR: Foreign investors are making a comeback to the Malaysian equity market, although it is still early days, according to MIDF Research. – share investment malaysia

The research house said based preliminary data from Bursa, foreigners mopped up RM382.8mil net for the week ended Jan 13, the highest since the third week of September.

MIDF said stronger economic data that came out since the new year showed that the Malaysian economy remained stable.

These include stronger exports and growth in retail sales (9% year-on-year) and industrial production (6.2% year-on-year), all for November.

“Foreigners were marginal net sellers as the market opened on Monday and Tuesday. The selling ended abruptly on Wednesday as foreigners turned net purchasers at RM130mil.

“The inflow peaked on Thursday as foreigners bought RM226mil, the highest since Oct 18, 2016. It receded on Friday, in line with regional trend,” MIDF said in its weekly report.

MIDF noted that foreign average daily trade value rose to RM848mil, 40% higher compared with that the week before. It is also nearing last year’s average participation of RM957mil.

“Local players took the opportunity of foreign buying to clear some position. We note that the retail market is currently active, with participation rate the highest since August,” the research house said.

For the week ended Jan 13, Tenage Nasional Bhd  (TNB) registered the highest net money inflow of RM54.49mil.

However, MIDF said its share price ended unchanged for but slightly outperformed the broader market as the FBM KLCI declined by 0.18% during the week under review.

TNB recently announced an approximately RM474mil acquisition of UK-based Vortex Solar Investments.

YTL Corp recorded the second highest net money inflow of RM8.37mil while CIMB Group saw the third highest net money inflow of RM8.26mil last week.

Meanwhile, Petronas Chemicals saw the largest net money outflow of RM10.15mil last week.

Its stock price performance lagged the market benchmark with a 0.55% drop vis-à-vis the FBM KLCI which declined by a smaller 0.18% during the review week.

Latest Hot stocks

  1. PUC
  2. IFCAMSC
  3. MBSB
  4. EWEIN

Our Recommendation for KLSE investors:

KLSE INTRADAY  SIGNALS: BUY EWEIN AT 0.735 TARGET 0.765, 0.795 SL 0.700…

Cautious start for bursa stock picks early monday as ringgit dips

KUALA LUMPUR: Blue chips started the week on a cautious footing as the FBM KLCI lost more than five points on profit taking of Kuala Lumpur Kepong, Public Bank and Maybank, extending the index’s decline from last Friday.- Stocks picks

At 9.48am, the KLCI was down 5.03 points or 0.03% to 1,667.47. Turnover was 506.89 million shares valued at RM158.05mil. There were 155 gainers, 274 losers and 276 counters unchanged.

Hong Leong Investment Bank (HLIB) Research said based on the recent strong rebound from the 1,615 level two weeks back, “we may expect further consolidation on the back of extended profit taking activities as the KLCI has hit the resistance around the 1,680-1,690 levels”.

Nevertheless, trading interest should be seen within the oil and gas sector if crude oil can rebound higher towards US$60 per barrel mark.
The ringgit fell 0.09% against the US dollar to 4.4640 from the previous close of 4.4600. But year-to-date, it is up 0.46%.

Meanwhile, oil prices inched up on Monday, supported by a weaker dollar and expectations that OPEC and other producers will cut output as part of a deal to curb global oversupply.

Brent crude futures, the international benchmark for oil prices, were trading at US$55.55 per barrel at 0035 GMT, up 10 cents from their last close. US West Texas Intermediate (WTI) crude futures were up 9 cents at US$52.46 a barrel. – Stocks picks

At Bursa Malaysia, KL Kepong fell 18 sen to RM24.02 with 5,900 shares done.

Only World group was down 11sennto RM2.18 with 1.04 million shares done, but off the  early low of RM2.12 after it announced that 14 outlets in First World Hotel, Genting Highlands would be temporarily closed from Feb 12.

Public Bank fell 12 sen to RM19.96 and Maybank shed eight sen to RM8.24.

BAT added 50 sen to RM45.30, Apex Healthcare 19 sen higher at RM4.79 and Aeon Cfedit 10 sen to RM15.26 while MSM rose eight sen to RM4.90.

Latest Hot stocks

  • PUCIF
  • CAMSC
  • MBSB
  • EWEIN

Our Recommendation for KLSE investors:

KLSE INTRADAY  SIGNALS: BUY EWEIN AT 0.735 TARGET 0.765, 0.795 SL 0.700…