Bursa Saham- KLCI moves higher in early exchange, expected Fed climb lifts local markets

KUALA LUMPUR: In early exchange (Bursa Saham), the neighborhood benchmark file moved higher pair with other territorial markets in the wake of shaving off almost four focuses in the past session.

Asian offers were on the progress on Thursday in the midst of expanded desires of a year-end US rate climb as the US Federal Reserve flagged idealism about the economy.

This comes as present Fed Governor Jerome Powell was picked by the White House to supplant Janet Yellen as seat after the expiry of her term in February.

MSCI’s broadest list of Asia-Pacific offers outside Japan included 0.1% in early exchanging, moving back towards a 10-year crest scaled in the past session.

In the initial five minutes of exchanging, the KLCI (Stock Market Today) was up three focuses to 1,746.99 focuses. There were 133.95 million offers exchanged with an estimation of RM49.68mil. Advancers outpaced decliners 140 to 88 with 188 counters unaltered.

Gainers available included Petronas Gas, which rose 14 sen to RM18.22, and Petronas Dagangan, which picked up 10 sen to RM24.20.

English American Tobacoo additionally increased some ground (Stocks Picks), rising 14 sen to RM38.38. In the interim Genting Plantations added eight sen to RM10.78 while Oetronas

Among decliners, MISC plunged eight sen to RM7, Lotte Chemicals Titan fell five sen to RM5.19 and Tenaga Nasional slipped four sen to RM14.94.

Berjaya Corp moved upwards on news that real investor Tan Sri Vincent Tan had come back to steerage the business (Bursa Malaysia Stock Market). It rose 2.5 sen to 35.5 sen.

Ekovest likewise recovered some ground following the past session’s fall, climbing three sen to 98 sen.

Oil costs were moderately level as US unrefined inventories fell regardless of an ascent underway even as the Opec-drove supply slice kept on fixing the market, Reuters detailed.

US light unrefined was up two pennies to US$54.32 a barrel while Brent rough rose 10 pennies to US$60.59 a barrel.

In monetary forms (Stock Tips For Tomorrow), the ringgit fortified 0.07% against the greenback to 4.2285 and moved 0.28% higher against the pound sterling at 5.6124. It debilitated 0.01% against the Singapore dollar at 3.1098.

For live updates, traders/investors could visit www.mmfsolutions.my

Bursa Saham- Tenaga forces blue chips higher in front of Budget points of interest

KUALA LUMPUR: Tenaga Nasional controlled blue chips (Bursa Saham) higher early Friday after it shocked the market with a last profit for each offer of 44 sen while the nation anticipate the subtle elements of the Budget 2018 proposition at 3.30pm.

At 9.22am (Stock Market Today),

the FBM KLCI was up 6.68 focuses or 0.38% – the greatest picks up lately – to 1,743.48. Turnover was 383.64 million offers esteemed at RM134.76mil. There were 235 gainers, 126 failures and 239 counters unaltered.

Asian offers picked up on Friday as innovation shares were helped by perky income from U.S. hey tech mammoths while the euro drifted almost three-month low against the dollar after the European Central Bank broadened its boost, Reuters revealed.

Japan’s Nikkei increased 0.6% while South Korea’s Kospi rose 0.2% (Stocks Picks) and Australian offers rose 0.2%. MSCI’s broadest file of Asia-Pacific offers outside Japan was level in dollar terms.

Head administrator Datuk Seri Najib Tun Razak will table the Budget 2018 recommendations in Parliament at 3.30pm. He has expressed the nation’s economy is relied upon to develop over 5% this year and the financial shortfall will be beneath 3% one year from now.

Tenaga rose to a record-breaking high of RM14.98. It was up 48 sen ton RM14.82 while its call warrants C35 hopped seven sen to 16.5 sen.

Poly Glass Fiber surged 24 sen to 62.5 sen (Bursa Malaysia Stock Market), Eon Credit added 14 sen to RM13.88, Press Metal and Pos seven sen each to RM4.22 and RM5.34.

Glove producers likewise exchanged higher with Top Glove up 19 sen to RM6.59 and Hartalega eight sen up to RM7.71.

Globetronics crawled up five sen to RM6.30.

Nonetheless, Petronas Gas was 18 sen bring down at RM17.90, KLK (Stock Tips For Tomorrow) and Nylex six sen bring down at RM24.46 and 96 sen.

Settle fell 60 sen to RM86 and BAT expanded its decay by six sen to RM40.72.

Latest Hot Stock For Malaysian Traders/Investors 
1. POLY

2. THHEAVY

3. WONG

4. SCOMI

5. ALAM
For live updates, traders/investors could visit www.mmfsolutions.my

Stocks market live : Trading ideas & Analyst Reports

Stocks market live: LBS Bina, Sunsuria, Mieco, Luxchem, Pantech

KUALA LUMUR: LBS Bina, Sunsuria, Mieco, Luxchem and Pantech are among the stocks (Stocks market live) which could see exchanging enthusiasm on Thursday, says JF Apex Research.

It said LBS Bina is purchasing eight sections of land of leasehold arrive in Seri Kembangan, Selangor for RM63mil (Stocks market live) for a blended improvement extends.

LBS intend to assemble four towers of adjusted condos with an expected gross improvement estimation of RM600mil. Work is relied upon to begin in 2018.

Concerning Sunsuria,

it has gone into a 70:30 joint wander concurrence with Genlin Development Sdn Bhd to attempt (Financial Advisor Malaysia) blended improvement extends on two parcels totaling 2.23 sections of land in Sentul.

JF Apex Research brought up Mieco Chipboard is assuming control SYF Resources’ unit Great Platform Sdn Bhd for RM58.58mil.

The corporate exercise will empower Mieco to extend its chipboard creation limit, and empower it to infiltrate into Great Platform’s client base.

Luxchem’s 2QFY17 net benefit fell by 33% 33.5% regardless of that income rose 15.5%.

Pantech’s 1QFY18 net benefit took off 63.72% on-year on higher deals request from the two it’s exchanging and assembling divisions.

SC Estate Builder won a RM3.7mil contract to clear the site and embrace foundation earthworks for a PR1MA Homes Project in Kubang Pasu, Kedah.

Overnight on Wall Street, US showcase shut higher with the Dow hitting a record high after the Federal Reserve kept loan cost unaltered.

So also, European stocks (Klse Stock Pick) moved as UK’s 2Q GDP enhanced and superior to expected corporate profit.

JF Apex Research said at Bursa Malaysia, the FBM KLCI shut everything down focuses to 1,766.

“Following the bullish execution in the US and Europe, the KLCI could expand its bounce back towards the resistance of 1,770,” said the examination house.

Analyst Reports

Maybank Investment Bank Research has looked after its “offer” rating on 7-Eleven Malaysia Holdings (SEM) with an unaltered target cost of RM1.10.

The examination house said SEM divulged its “Simple” exercise amid its investigator (Stock Market Today) preparation. It said more accentuation would be put on cost efficiencies advancing.

“With its recently declared ‘Straightforward exercise, administration’s key concentrate (Stocks market live) now is on taken a toll efficiencies.

“On the store network side, SEM is hoping to rejig its expenses (eg. bring down work, warehousing and transportation costs) and furthermore the likelihood of increasing brought together dispersion dentre (CDC) charges to its providers,” Mank said.

At the store level,

Maybank (Stock Market Malaysia) said SEM would be revealing a patched up adjusted scorecard and was hoping to give more on staff preparing.

Somewhere else, concentrate is still on driving crisp nourishment deals and in-store administrations commission (est. 10%/3.5% of income, individually).

SEM’s focused on store openings stays at 150 for FY17 (32 of every 1Q17).

“While we recognize that SEM’s 18-Month ‘Simple exercise could profit it in the medium term, execution is vital and we anticipate the conveyance of results.

“Our gauges are unaltered and as of now ascribe 145 store openings for every annum for FY17-19 and same store deals development of – 2.9%/+4.6% for FY17/18.

“Somewhere else,

administration has not shared (Bursa Malaysia Market) its designs in regards to its treasury shares. As of end-2016, SEM held 10% of its own offers (its offer buy back restrain), obtained at a normal cost of about RM1.54,” Maybank said.

Hot Stocks Of The Day
1. KRONO

2. YGL

3. EKOVEST-CA

4. TALAMT

5. BSLCORP

Malaysia Share market news indicates Bullish on Malaysian Equities

Share market news is flourishing with the positive notion on the FBM KLCI and investors are focusing on various mid cap and small cap stocks. FBM KLCI is expected to climb over 1850 from 1762 which indicates a 5 % potential growth.

Malaysian currency is expected to rise with the continues positive foreign investment opportunities in Malaysia making share market investment more bullish as the currency is expected to get strengthen over USD.

Various foreign investments attraction in the nation is an add on benefit to the market growth opportunities and stock market today expects market performance to boost in comparison to 2015 when the foreign outflow was too high resulting in the lower KLCI Stock market performance.

Presently, the share market investment who are keenly interested in Ringgit are looking forward for the Bandar Malaysia deal and the Chinese government’s foreign direct investments worth RM240 billion. Thus Ringgit is also bullish in the stock market live.

Next big stock market news flourishing in the KLCI share market investments is about the positive corporate earnings which boost a 6% growth option for FBM KLCI. This corporate earnings are mainly from the banking industry where the loan market is expected to be around 7% and this indicates further infrastructure growth, real estate rise, higher money in hand and ultimately higher investment in Malaysian stock markets. Thus the economy is expected to flow at boom which all indicates a positive growth opportunities for the stock markets.

Another sign of bullish stock market is a positive notion in the small cap index where the investors are trading with higher beta which will lead to higher volatility in the stock market era.  KLCI targets were pegged at 16.5 times higher compared to the historical market earning targets.

Top small cap share market tips and picks focus on:

· Ahmad Zaki Resources Bhd

CURRENT P/E RATIO: 18.63

YTD RETURN: 76.38%

1 YR RETURN: 72.31%

  • Ajiya Bhd

CURRENT P/E RATIO: 11.26

YTD RETURN: 20.29%

DIVIDEND INDICATED GROSS YIELD: 2.41%

Latest share market news concentrates on:

  • Construction industry
  • Manufacturing industry

The final note:

Investors are always interested in the smart investment opportunities which not only give the best return options but also give continual growth opportunities. So start taking a deep swim in Malaysia stock market and rely on the best share market news information with a strategy of following best share market tips offered by the best share market picks providers. The market is bullish and investors need to make rational move so that they don’t fall with wrong moves rather strengthen their stock portfolios with better investment opportunities with our free 3 days trial where you get the latest stock picks and share market live news for planning your investment appetite.

High dividend yield stocks recommendations for long term investment in Malaysia

Investors who believe in safe investment always tends to opt for stocks recommendation for long term and thus concentrate on stocks which can pull high dividend yields in a long term.

Investors defines a company a good company that concentrates on keeping their shareholders, stakeholders and investors happy. Being market leaders of Malaysia stock advisory industry, we keep a close eye on the small and big movements that such companies takes and accordingly look after providing latest KLSE stock tips.

Check out the list of Malaysian high dividend yield stock recommendations for long-term investment in Malaysia:

  1. AIRASIABHD

The company is known for providing high dividend yields and Malaysia stock advice states that the current % of dividend yield of AirasiaBHD is around 3.75%.

During the past 12 months, the company has observed that on an average dividend per share growth rate year on year is about 33%.

Also the company’s P/E ratio is 5.62 (TTM). Also you must not ignore the YTD Return which is 46.29%. this indicates the amount of profit that the company has generated in this current calendar year with the help of investments.

Stocks Recommendations For Long Term

2. SUPERLON HOLDINGS BHD

The company is known for investment holding and management service provider. The company is into a growth from last 5 years.

stocks recommendations for long term

The company holds a market cap of 304.00mRM and P/E ratio of 14.45. The observed Dividend Yield is 5.79%- 6%.

stocks recommendations for long term

Also, find the attached Dividend chart for SUPERLON HOLDINGS BHD:

stocks recommendations for long term

With this research, the stock market today analysis suggests that this stock will be giving good results to its buyers in a long term.

3. Tiong Nam Logistics Holdingst:

The company is into leasing property, investment holding company, warehousing, and transportation services. Its dividend yield gross ratio is 2.78%. its current P/E ratio is 9.05 and YTD return is 13.21%.

Dividend, Bonus, Split & Consolidation Chart for Tiong Nam Logistics Holdingst:

stocks recommendations for long term

See the chart movement for 5 years of Tiong Nam Logistics Holdingst

Stocks Recommendations For Long Term

Thus overall the company is growing towards a positive line and thus, investors can plan the investment in Tiong Nam Logistics Holdingst which is in list of Stocks Recommendations For Long Term as per Malaysia stock tips.

The Final Note:

KLSE Stock market investment is not a tough task and if planned with the accurate KLSE stock tips, one can fetch huge profits with the latest Malaysia stock advice.

Other investors can also rely upon the dividend yield stocks, which can ensure a sure shot income whenever the dividends announced by the company.

For more information regarding dividend yield stocks, latest stock tips, best stock picks with reference to stock market today and other stock advisory services, click here and start your free trial for KLSE stock trading tips today.

Malaysia stocks advise: Fund buying of several banks boosted the FBM KLCI at midday on Monday

KUALA LUMPUR: Fund purchasing of a few banks supported the FBM KLCI at early afternoon on Monday while offering weight on RHB Bank and AmBank appeared to have facilitated, oil costs crawled higher and the ringgit rose. – Malaysia stocks advise

At 12.30pm (Malaysia stocks advise),

the KLCI was up 8.25 focuses or 0.46% to 1,785.2. Turnover was 1.41 billion offers esteemed at RM1.12bil. There were 462 gainers, 350 washouts and 341 counters unaltered.

Malaysia stocks advise

Reuters detailed the dollar breast fed misfortunes on Monday, approaching a seven-month low against a cash crate plumbed in the wake of baffling US business information incited financial specialists to pare back their desires of future US Federal Reserve rate climbs. – Malaysia stocks advise

The ringgit rose 0.31% against the US dollar to 4.2670 and progressed 0.25% versus the pound sterling to 5.4912 and squeezed out a 0.01% pick up against the Singapore dollar to 3.0880. Be that as it may, it slipped 0.08% against the euro to 4.8075.

Supporting the firmer market was the most recent exchange information which demonstrated Malaysia’s April sends out grew 20.6% to RM73.79bil, in accordance with a Bloomberg overview. Imports rose 24.7% to RM65.21bil which was underneath overview of 31.3% ascent.

Combined remote net buys year-to-date crossed the key RM10bil to achieve RM10.14bil as the outside purchasing streak has now extended to 17 straight weeks, says MIDF Research. In May, add up to outside net buys added up to RM1.47bil.

CIMB rose 15 sen to RM6.76 and helped the KLCI by 2.25 focuses, Hong Leong Bank picked up 40 sen to RM15.08 and poked the record up 1.43 focuses, Public Bank rose 16 sen to RM20.28 and included 1.03 focuses. Maybank added seven sen to RM9.60.

Be that as it may, AmBank lost two sen to RM5.07 and RHB Bank shed one sen to RM5.18 as offering weight eaased after last Friday when they reported arrangements for a merger.

US light unrefined petroleum rose 61 pennies to US$48.27 and Brent picked up 64 pennies to US$50.59.

Petronas Gas rose 22 sen to RM19.22 while Petronas Dagangan added six sen to RM24.26 and Petronas Chemicals one sen higher at RM7.23.

Unrefined palm oil for third-month conveyance added RM2 to RM2,499 per ton. KL Kepong added two sen to RM24.80, PPB Group was level at RM16.94, IOI Corp lost three sen to RM4.46 and Sime shed one sen to RM9.59.

Axiata recovered a portion of the current misfortunes to add four sen to RM4.98, Telekom propelled four sen to RM6.52, Digi increased two sen to RM4.99 yet Maxis fell three sen to RM6.16.

Control monster Tenaga added four sen to RM13.84, Genting Malaysia was additionally up four sen to RM5.74 while Genting Bhd lost seven sen to RM9.92.

Consume in analyzer KESM was the top gainer, up 76 sen to RM14.70 while MPI and Vitrox added 28 sen each to RM12.88 and RM6.94. MAHB rose 31 sen to RM9.39.

With respect to customer stocks, F&N recovered its balance to climb 34 sen to RM24.70, BAT 32 sen to RM44.62 however Ajinomoto lost 34 sen to RM21 and Heineken fell 10 sen to RM18.80.

Latest Hot Stocks For KLSE Traders

  1. AAX
  2. CIMB
  3. MAYBANK
  4. SKH
  5. SUNZEN

For more updates, traders could visit here: http://www.mmfsolutions.my

Shares on Bursa Malaysia remained lower at mid-morning – Daily Stocks Picks

KUALA LUMPUR: – Shares on Bursa Malaysia remained bring down at mid-morning, burdened by misfortunes in key heavyweights. Daily Stocks Picks

At 11.02am (Daily Stocks Picks),

The FTSE Bursa Malaysia KLCI (FBM KLCI) was 4.41 focuses bring down at 1,761.46 from yesterday’s end of 1,765.87.

Daily Stocks Picks

The list opened 1.3 focuses weaker at 1,764.57.

On the more extensive market, washouts outpaced gainers 458 to 266, with 293 counters unaltered, 753 counters untraded and 28 others suspended.

Turnover remained at 805.77 million offers worth RM497.47 million.

Among heavyweights, Maybank declined five sen to RM9.39, Public Bank fell six sen to RM20 and Petronas Chemicals was three sen weaker at RM7.30.

Different heavyweights, TNB added two sen to RM13.80 and Sime Darby increased one sen to RM9.33. – Daily Stocks Picks

Of actives, Iris shed one sen to 15.5 sen, while Hubline, Borneo Oil and Luster Industries were all a large portion of a-sen bring down at 5.5 sen, 12.5 sen and 12.5 sen separately.

The FBM Emas Index lost 28.81 focuses to 12,541.09, the FBMT100 Index declined 24.57 focuses to 12,190.08 and the FBM Emas Shariah Index trimmed 44.1 focuses to 12,759.91.

The FBM 70 shed 7.7 focuses to 14,907.96 and the FBM Ace declined 52.9 focuses to 6,079.51.

Sectorwise, the Finance Index fell 40.48 focuses to 16,479.6, the Industrial Index increased 0.44 of-an indicate 3,248.25 and the Plantation Index shed 63.23 focuses to 7,905.66.

Daily Stocks Picks

Latest Hot Stocks for KLSE Investors 

  1. AAX
  2. CIMB
  3. L & G
  4. IRIS
  5. IWCITY
For more updates, traders could visit here: http://www.mmfsolutions.my/

Stock Market Today – KLCI’s progress early Thursday

KUALA LUMPUR: CIMB supported the FBM KLCI’s progress early Thursday after its record quarterly profit while the ringgit ascended against the US dollar and raw petroleum costs progressed. – Stock Market Today

At 10am (Stock Market Today ), the KLCI was up 5.78 focuses or 0.33% to 1,776.79.

Stock Market Today

Turnover was 793.39 million offers esteemed at RM502.75mil. The more extensive market was more mindful as advancers trailed behind decliners at 245 gainers to 352 washouts and 336 stocks were unaltered.

The ringgit ascended against the US dollar, climbing 0.34% to 4.277 from 4.291. Year-to-date, the ringgit is up 4.86% to the green once more from 4.4845.

Reuters revealed oil costs ascended in front of an Opec meeting on Thursday that is relied upon to broaden a generation cut gone for fixing the market well into 2018, adding no less than nine months to an underlying six-month cut in the principal half of this current year. – Stock Market Today 

Brent unrefined prospects were exchanging at $54.40 per barrel at 0118 GMT, up 44 pennies, or 0.82% from their last close. US West Texas Intermediate (WTI) rough prospects were at US$51.76, up 40 pennies, or 0.78%. Both benchmarks have risen over 16% from their May lows.

At Bursa Malaysia, CIMB rose 17 sen to RM6.30 – the second sttraught day affter its record comes about. HLFG added 34 sen to RM16.60.

Refiners were the top gainers as the administration modified the costs of retail fuel on Thursday. Hengyuan hopped 52 sen to RM5.82 and Petron added 13 sen to RM8.83.

Wing Tai rose closer to its takeover cost of RM1.80 when it added 25 sen to RM1.78. – Stock Market Today

Lafarge arranged a gentle bounce back, adding 12 sen to RM5.22 in the wake of going under offering weight as of late after it posted misfortunes in the principal quarter.

Inta Bina, a development organization which was the first to be recorded on the Ace Market, added five sen to 30 sen. It was the most dynamic with 86.3 million offers done.

DRB-Hicom rose eight sen to RM1.76 as financial specialists were calmed that misfortune making Proton had found a remote vital accomplice.

Under the understanding marked on Wednesday, DRB-Hicom will somewhat strip Proton to Geely (through new offer issuance) and completely strip Lotus to Geely and Etika Strategy. DRB-Hicom and Geely will possess 50.1% and 49.9% stake separately in Proton.

“We keep up BUY suggestion with higher target cost of RM2.58 (from RM2.22) in view of 20% markdown to total of-parts,” Hong Leong Investment Bank Research said.

Be that as it may, AirAsia X kept on going under some offering weight, falling 2.5 sen to 42.5 sen with 77.55 million offers done.

DKSH was the top failure, down 39 sen to RM4.82, BAT was down 28 sen to RM44.72 and Petronas Dagangan lost 18 sen to RM24.20.

Pos Malaysia call warrants C6 lost 14 sen to 29 sen and its offers were down 13 sen to RM5.05.

Lion Industries went under benefit taking after the current ascent when investigators turned more optimisitc about its viewpoint. It fell 11 sen to RM1.07.

Stock Market Today

Latest Hot stocks for KLCI investors 

1. INSAS
2. FOCUS
3. GPACKET
4. ANZO
5. AIRASIA

Bursa Malaysia remained higher at mid-morning today

KUALA LUMPUR: – Bursa Malaysia stayed higher at mid-morning today, upheld by expanded picks up in oil costs, however exchanging was wary, merchants said. – Stock Tips For Tomorrow

At 11.04am,

The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) edged up 1.01 focuses to 1,769.29 in the wake of opening 3.87 focuses higher at 1,772.15. It shut on last Friday at 1,768.98.

Stock Tips For Tomorrow

On the more extensive market, gainers drove washouts 485 to 324, while 355 counters were unaltered, 585 untraded and 20 others suspended.

Turnover remained at 1.74 billion offers worth RM828.73 million.

A merchant said unrefined petroleum costs which remained above US$50 (RM217.35) a barrel, on desires of a supply cut being additionally broadened, is viewed as supporting Asian stocks.  Stock Tips For Tomorrow

“While stocks ought to additionally recuperate today in taking prompt likewise from Friday’s US markets bounce back, a careful feeling still wins, as financial specialists address the supportability of US President Donald Trump’s market changes,” he included.

Stock Tips For Tomorrow

For heavyweights, Sime Darby picked up 2 sen to RM9.33, Petronas Chemical enhanced 1 sen to RM7.34, Maybank shed 3 sen to RM9.32, while TNB and Public Bank were level at RM13.78 and RM20.00 separately.

Of the actives, Key Alliance Group added 1 sen to 5 sen, AirAsia X rose 2.5 sen to 53.5 sen, while Key Alliance warrant, Dagang Nexchange warrant and Frontken increased 0.5 sen each to 3 sen, 34 sen and 29 sen. 

The FBM Emas Index rose 22.91 focuses to 12,708.79, the FBMT 100 Index expanded 18.89 focuses to 12,326.06 and the FBM Emas Shariah Index enhanced 37.64 focuses to 13,047.13. Stock Tips For Tomorrow

The FBM 70 bounced 67.72 focuses to 15,381.68 and the FBM Ace rose progressed 62.34 focuses to 6,664.05.

On a sectoral premise, the Industrial Index expanded 10.58 focuses to 3,272.80, the Plantation Index was 5.50 focuses higher at 8,071.55, yet the Finance Index shed 6.71 focuses to 16,348.61.

Stock Tips For Tomorrow

Stocks Market 2017 Predictions – KLCI up on ringgit, US share gains

KUALA LUMPUR: The FBM KLCI rose 3.34 focuses or 0.2% on a reinforcing ringgit and after US offers climbed overnight. (Stocks Market 2017 Predictions) A fortifying ringgit may draw in outside financial specialists into Malaysian partakes in reckoning of money interpretation and value capital increases.

At 9:02 am, the KLCI was exchanged at 1,771.40 focuses (Stocks Market 2017 Predictions).

Prior, the ringgit fortified to 4.3315 against the US dollar at 8:56am.“Foreign financial specialists would prefer not to backpedal into Malaysian Government securities in light of the NDF (non-deliverable forward) issue and different instabilities.

Stocks Market 2017 Predictions

“One approach to pick up introduction is to stop it in values. There’s a touch of income development desires, and local retail movement has expanded on littler stocks that may profit by measures to be taken in front of the general race.” Bloomberg cited Aberdeen Asset Management Sdn Bhd overseeing chief Gerald Ambrose as saying.  Positional Stock Signals

Crosswise over Bursa Malaysia, 154.94 million shares worth RM61.4 million were exchanged. There were 231 gainers and 68 decliners.

Recently (May 1), Malaysian markets were shut for the Labor Day occasion. Today, TA Securities Holdings Bhd wrote in a note that the KLCI was overbought.

“Here and now overbought force on the FBM KLCI started by last

week’s crevice up breakout rally to a close to two-year high, highlighted by the day by day back stochastics snaring off in overbought region, suggests high likelihood revenue driven taking remedy this week. 

“Regardless, with pattern markers turning bullish again to flag uptrend resumption, a pullback ought to be shallow with deal seekers padding drawback, with the ringgit’s quality and friendlier outer conclusion giving extra pad,” TA said.

In overnight US share exchanges, the Dow Jones Industrial Average declined 27.05 focuses or 0.13% to 20,913.46, S&P 500 rose 4.13 focuses or 0.17% to 2,388.33 while Nasdaq Composite climbed 44 focuses or 0.73% to 6,091.60, a record shutting high. best stocks picks for klse

Reuters announced that Wall Street gotten on Monday, helped by increases in Apple and other huge tech stocks that more than balance frail monetary information and drove the Nasdaq Composite to another record high.

Latest Updates for KLCI investors

  1. ABLEGRP
  2. CENSOF
  3. XOX
  4. GPACKET
  5. CUSCAPI

Traders could take more updates here @ www.mmfsolutions.my