Stock Signal – Bursa Malaysia slipped early Tuesday

KUALA LUMPUR: Bursa Malaysia slipped early Tuesday, in accordance with the wary provincial markets after the weaker overnight close on Wall Street, with heavyweight Genting Bhd, Yinson and Unisem among the greatest failures. – Stock Signal

At 9.50am (Stock Signal):

The KLCI was down 0.26 of an indicate or 0.01% 1,745.23. Turnover was 878.77 million shares esteemed at RM349.22mil. There were 329 gainers, 258 failures and 301 counters unaltered.

Hong Leong Investment Bank Research said the US market may exchange a mindful mode in front of few key occasions this week.

“We anticipate that the Dow will proceed with its sideways union stage between the 20,500 and 20,777 levels,” it said.

Be that as it may, on the nearby front, FBM KLCI could see a decent exchanging energy taking after a particular purchasing force on Monday, the examination house said.

“Likewise, exchanging spotlight may persevere on the more extensive market, particularly the innovation bring down liners inside the ACE market in the wake of purchasing premium was noted among semiconductor related stocks,” said HLIB Research.

Reuters detailed Asian share markets were down in restless early exchange on Tuesday as financial specialists held their breath in front of a possibly tense meeting between US President Donald Trump and his Chinese partner Xi Jinping not long from now.

The dollar crept lower as financial specialists sold stocks in Europe and on Wall Street overnight to look for asylum in places of refuge as political vulnerability eclipsed positive U.S. financial information and strong development in worldwide assembling.

MSCI’s broadest file of Asia-Pacific shares outside Japan fell 0.2% in early exchange. Japan’s Nikkei was down 0.4% as financial specialists searched out the place of refuge yen. China, Hong Kong, Taiwan and India are shut for occasions.

Eco World International, which made its presentation on the Main Market on Monday, squeezed out a one sen pick up to RM1.29.

In any case (Stock Signal):

Financial specialists were seen pursuing up the warrants, as they rose 13 sen to 43.5 sen with 84.48 million units done. The warrants are up 43 sen from Monday.

Yinson fell 11 sen to RM3.12, Unisem eight sen bring down at RM3.10 while Latitude Tree lost seven sen to RM5.32.

Among the customer stocks, Nestle fell 20 sen to RM79.20 and BAT 11 sen bring down at RM46.

Among the KLCI stocks, KL Kepong fell 16 sen to RM24.54 with 100 shares done, Genting Bhd was down six sen to RM9.54.

Genting Plantations lost six sen to RM11.60, Pharmaniaga and CMSB five sen bring down at RM4.85 and RM4.25.

GHL Systems surged 34 sen to RM1.48 with 14.9 million shares done in the wake of getting the takeover offer a week ago. JHM hopped 24 sen to RM3.18 while MESB and Elsoft included 10 sen each t0 75 sen and RM2.15.

Petronas Dagangan added 30 sen to RM24.20, Bursa 18 sen to RM9.75, Eon Credit and Tong Her 12 sen each to RM16.14 and RM3.44.

Market Summary

Stock Signal

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KLCI INTRADAY CALL: BUY MEGASUN AT 0.405 TARGET 0.420, SL 0.385 
 

KLCI HOLDING UPDATE: MEGASUN AT 0.425, OUR 1st TARGET DONE. GIVEN YESTERDAY FROM 0.405.