KUALA LUMPUR: Hong Leong Bank drove blue chips higher early Wednesday after its firm arrangement of money related outcomes, shoring the market up after a baffling Tuesday, yet investigators advised about financial specialists offering into quality. – Equity Signal in Malaysia
At 9.30am,(Equity Signal in Malaysia)
the KLCI was up only 1.33 focuses or 0.08% to 1,707.88. Turnover was 468.98 million shares esteemed at RM223.35mil. There were 267 gainers and 156 washouts.
Hong Leong Investment Bank (HLIB) Research said as the Trump-rally stretched out in the midst of superior to expected corporate income for 4Q16, it may envision that the Dow Jones Industrial Average may visit the resistance of 20,800-21,000.
Likewise, brokers will keep on monitoring the advance on monetary motivation that will be uncovered by Donald Trump in the close term. – Equity Signal Malaysia
“On our neighborhood front, following the bullish feelings on Wall Street, combined with recouping raw petroleum costs, we can expect gentle purchasing enthusiasm inside the O&G stocks.
“Be that as it may, offering into quality procedure will be re-sent no matter how you look at it if the KLCI retests the 1,720-1,730 level as specialized readings propose that the key list is overbought,” it prompted speculators.
Hong Leong Bank rose 12 sen to RM13.62 and HLFG added eight sen to RM15.28.
Scope Tree was the top entertainer as the furniture producer added 22 sen to RM5.89, Petron and Mercury picked up 13 sen each to RM4.60 and RM1.39.
Age added 11 sen to RM2.40 and Ann Joo nine sen higher at RM2.62.
AirAsia rose four sen to RM2.79 with 10.9 million shares done while its call warrants C49 added 0.5 sen to 28.5 sen.
Carlsberg was the top failure, down 32 sen to RM14.42 after its entire year income plunged, Pharmaniaga fell 25 sen to RM4.80 subsequent to posting misfortunes in the final quarter.
KL Kepong fell 10 sen to RM24.14 and Rhone MA was down 5.5 sen to 92 sen.
KLSE INTRADAY SIGNALS: BUY HIBISCS AT 0.530 TARGET 0.550, 0.570 SL 0.505
Our recommendation for SGX investors
- HONG LEONG ASIA
- HOCK LIAN SENG
- SINO GRANDNESS