KLSE Stock News- Malaysia Shares Open Lower On Friday, KLCI slides 14 points

Kuala Lumpur: Bursa Malaysia share prices opened lower on Friday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down  4.96 points to 1,733.05. The trading volume was 45.85 million lots worth RM18.03 million. There were 75 gainers, 309 losers and 167 counters unchanged.

The Petronas Gas and Tenaga Nasional among the biggest blue-chip decliner on the FBM KLCI as investor sentiment were hit by the slide on Wall Street early Friday.

Stock To Watch

In KLSE stock loser list segment, the biggest decliner on Bursa is Petronas Gas fell 28 sen to RM18.18 and Tenaga 12 sen to RM14.46.

Among the consumer stocks, Nestle lost 90 sen to RM144.10, BAT 34 sen to RM33.26 and Apollo 12 sen to RM4.01. However, Heineken rebounded 24 sen to RM18.44.

The Among plantations, PPB Group was down 24 sen to RM16.64 and KL Kepong 18 sen lower at RM24.80. KESM lost 46 sen to RM12 on profit-taking after the recent rebound in the burn-in chip tester.

Klse stock gainers list, BLD Plantation Bhd rise 52 weeks high to open at 7.360 and  Hap Seng Plantations inched up four sen to RM2.04

Global Market

Stocks in Asia fell as global sentiment soured on issues ranging from trade worries. Higher US interest rates and growth concerns in China that led to a slump in Chinese shares in the previous session.

MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.4% weaker following losses on Wall Street overnight. Australian shares were down 0.6%, while Japan Nikkei stock index slid 1.7%. The Nasdaq Composite dropped 2.06% and Hang Seng index slide to 0.34%.

Currency Market

The RINGGIT fell lowest in almost a year early Friday after Malaysia cut its economic growth target. The ringgit is among Asian FX that are undervalued which shows the reason to explain why it’s been more resilient amid the sell-off in regional currencies

The US$/ringgit rose 0.1% to 4.1615, highest since November. The pair climbed 0.2% this week, putting it on course for the fourth week of gains and the support 4.1227, 4.1257, 4.0900; resistance 4.1645, 4.1768, 4.1990

Commodity Market

Malaysia keeps November crude palm oil export tax at zero percent. The palm oil reference price of 2,073.97 ringgit (US$499.51) per tonne for November. Any price above 2,250 ringgit incurs a tax.

Malaysian benchmark palm oil futures were last up 0.3% at 2,250 ringgit a tonne in early trade on Wednesday.


KLSE Stock News- Malaysia Shares Open Lower On Thursday, KLCI slips on US Fed minutes

Kuala Lumpur: Bursa Malaysia share prices opened lower on Thursday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 0.33 points to 1,740.26. The trading volume was 36.76 million lots worth RM20.98 million. There were 80 gainers versus 67 decliners and 128 counters unchanged.

Stock To Watch

Amon the klse stock gainer front, Glove manufacturers topped the list of gainers on the market. Kossan rose 14 sen to RM4.52 while Supermax gained 10 sen to RM3.11.

Among other counters seeing strong price action, Press Metal gained seven sen to RM4.70, Petronas Chemicals rose five sen to RM9.49 and Gamuda slid seven sen to RM2.35.

The Klse stock loser data shows, Hartalega, however, was one of the leading decliners, sliding 10 sen to RM 6.33. Top Glove descended six sen to RM11.44. During mid-day morning session, Nestle shed 40 sen to RM 144.50, Petronas Gas dropped 14 sen to RM18.30 and Maxis slid six sen to RM 5.44.

Global Market

The mixed result was seen in global equities on early Thursday. The decline on Wall Street and minutes from the US Federal Reserve meeting that showed policymakers were looking towards more interest rate hikes.

The optimistic performance was seen on Chinese markets as the US administration abstained from naming the country as a currency manipulator in its semi-annual currency report.

The Nasdaq index was close on 7,642.70 on the previous day. Japan Nikkei open at 22,871.28 today and its previous close was 22,841.12 while Heng Seng index open at 25,674.66 and the previous close was 25,462.26

Commodity Market

The Oil prices bounced on Thursday following a steep 3% drop in the previous session as US crude inventories were showed to jump. WTI crude rose 17 cents to US$69.92 a barrel while Brent crude climbed 23 cents to US$80.28 a barrel.

Currency Market

Forex Trading Alerts: In the Currency market, the RINGGIT moderate against the greenback in early trade Thursday. the local unit stood at 4.1530/1590 against the US dollar from 4.1490/1530 recorded on Wednesday.

The ringgit traded higher against other major currencies. It rose against the Singapore dollar from 3.0177/0212 to 3.0123/0170 at the close Wednesday and increased against the yen from 3.6965/7011 to 3.6860/6923. 

The ringgit improved versus the euro to 4.7743/7824 from 4.7987/8046 and appreciated against the British pound to 5.4375/4458 from 5.4522/4591.


Klse Stock News – Malaysia Stock Shares Open Higher on Wednesday On Positive US Earnings

Kuala Lumpur: Bursa Malaysia share prices opened higher on Wednesday morning with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 4.77 points to 1,741.61. This broad-based advance was seen on Bursa Malaysia as a positive start to the US corporate earnings season lent a lift to the global market. 

The trading volume was  80.72 million lots worth RM37.14 million. The number of gainers nearly doubled the decliners, 453 to 240, while 303 counters were unchanged.


Stock On Move

Stocks counter showed the modest gains although the 30-stock index was mostly on the higher move. On KLSE active stock front, Hibiscus rose four sen to RM1.20 while Nova MSC was unchanged at 16 sen.

The KLSE gainer stock data showed BAT was the top gainer on Bursa Malaysia with a 46 sen increase to RM33.68. Carlsberg grew 42 sen to RM17.68 while Aeon Credit lifted 18 sen to RM15.58. Advancing stocks were led by Petronas Chemicals rising four sen to RM9.44.

The Banking stocks were seen mixed, Maybank rising four sen to RM9.59 and CIMB unmoved at RM6.03. Hong Leong Bank dropped 32 sen to RM20.62 while Public Bank slid two sen to RM24.96.


Global Market

Japan’s Nikkei bounce 257.35 points to reach 22,806.59. The previous day data shows, Nasdaq index was officially close on 7,645.49 while Hang Seng index closed on 25,462.26  


Commodity Market

Declining US inventories sent oil prices higher on Wednesday. West Texas Intermediate crude rose 11 cents to US$72.03 a barrel while Brent crude added four cents to US$81.45 a barrel.


Currency Market

Forex Signal: In currencies, the slight change was seen on RINGGIT against the US dollar at 4.1532. It strengthened 0.2% against the pound sterling at 5.4722, while it dipped 0.1% against the Singapore dollar at 3.0210. The local note rose against the yen from 3.7027/7070 to 3.6919/6962, improved versus the euro to 4.8033/8083  from 4.8041/8096.

Klse Stock News- Bursa Malaysia Stocks open lower on Tuesday, FBM KLCI have lost momentum on Maybank, Public Bank early losses

Kuala Lumpur: Bursa Malaysia share prices opened lower on Tuesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 1.19 points or 0.07% to 1,727.55. Turnover was 79.20 million shares valued at RM38.81 mil. There were 133 gainers, 105 losers and 139 counters unchanged.

The FBM KLCI consulate glance seemed to have lost momentum, with some profit-taking seen in Maybank and Public Bank on Tuesday.

Stock on Move

Among the KLSE loser stock, Nestle fell 90 sen to RM144.10 and BAT 78 sen to RM34.22. The TSH Resources, MI, MISC, and Pentamaster fell four sen each to RM1.05, RM2.72, RM5.51, and RM3.51 respectively.

In Banking segment, Public Bank fell six sen to RM24.92 and Maybank five sen to RM9.53.

The KLSE gainer stock data shows Top Glove extended its gains, up 38 sen to RM11.60 while Hartalega added seven sen to RM6.47.

KESM added 30 sen to RM13.80, CBIP 10 sen to RM1.26 and Tenaga eight sen to RM14.66 while Pestech was up eight sen also to RM1.48.

Global Market

Asian stocks bounced modestly, gaining a narrowly pointed leap after a week of heavy losses, although increasing tensions between Saudi Arabia and the West fanned geopolitical concerns and capped gains, Reuters reported.

Japan’s Nikkei bounced 0.3% following a decline of nearly 2% the previous day. The Nasdaq index open at 7,473.33 points and the previous close was 7,496.89 and Hang Seng index open at 25,586.16 points, the previous close was 25,445.06.

Currency Market

The RINGGIT was boosted as the US dollar fell, the local currency stood at 4.1510/1540 against the US dollar from the 4.1540/1580 recorded yesterday.

It traded mostly higher against other major currencies, except the Singapore dollar, in relieving to 3.0180/0213 from 3.0171/0205 at last day close.

The local note rose against the yen from 3.7176/7225 to 3.7099/7129, improved with the euro from 4.8132/8187 to 4.8102/8141 and appreciated against the British pound to 5.4611/4654 from 5.4617/4690.

Commodity Market

Oil prices were rises on early Tuesday, which also impact optimist on currency data. The Brent crude for December delivery rose nine cents to US$80.87 per barrel, while the US West Texas Intermediate crude for November delivery was up five cents at US$71.83 a barrel.

Weekly GBP/USD Forecast 15-Oct to 19-Oct

Forex Trading Alerts: The stock fell and the world’s most popular currency pair remained relatively stable for most of the time. Weak American inflation figures have already reduced the U.S. dollar and the pair has sent more. In Euro-zone, Germany’s trade balance and industrial production defeated hopes. Italy remained in the headlines but the Euro managed to shut it down compared to the previous weeks.

GBPUSD Technical Analysis: Previous Support and Resistance Level

1. In July 1.3375 was a high point. After this, there was a high point and psychologically significant round number in September 1.3300.

2. Before the EU Summit on Braxtil, in mid-October, there was 1.3255 high point. The round number of 1.3100 supported the first pair in September.

3. 1.3045 supported in September and captured the pair in early August After supporting the pair at the end of September, the round number of 1.3000 is important.

4. At the beginning of October, there was 1.2920 low point. There were 1.2850 different categories in the last days of August and the first days of September.

5. Further down, 1.2790 served as support from late August and also earlier in the form of support. When the pair was on the previous leg, 1.2750 kept the pair down.

6. The current 2018 deficit is at the next level at 1.2660. In September 2017, there were 1.2590 swings lower.

7. Even less, 1.25 is a round number and at the beginning of 2017 also worked as support.

KLSE Stock News- Malaysia Stock Shares Open Higher on Monday

Kuala Lumpur: Bursa Malaysia share prices opened higher on Monday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 0.35 points to 1,731.09. The slight gain on Blue Chips led by Petronas Gas and Genting Malaysia after a disturbing week while key Asian markets traded lower over the China-US trade war. The trading volume was  42.5 million lots worth RM29.68 million. There were 185 gainers, 106 losers and 191 counters unchanged.

Stock To Watch

The KLSE stock gainer data shows Top Glove Corporation Bhd jumped 48 sen to RM11.26 after its strong financial results while Hartalega added 10 sen to RM6.35. 

Yinson rose 16 sen to RM4.75 and Petronas Gas added 12 sen to RM18.60. Vitrox added 19 sen to RM8 and BIMB seven sen to RM3.67. Hibiscus rose three sen to RM1.21 in active trade while Reach Energy rose 0.05 sen to 43.5 sen. 

Among the KLSE loser stock, Petronas Gas dropped 30 sen to RM18.18, Axiata shed one sen to RM3.90, Sime Darby dropped four sen to RM5.17 and Digi slid seven sen to RM4.39. Gamuda continued to retrace losses with a seven sen climb to RM2.42. The other top loser is Call warrants of Maybank-C48, Genting-C56, Bumi Armada-C47, and MyEG-52.

Global Market

Asian shares slip as worries over China-US trade controversies, a possible slowdown in the Chinese economy and higher US borrowing costs modulate optimism despite a rebound in global equities late last week. 
Japan’s Nikkei open down to 22,501.33 points, previous close 22,694.66 and HANG SENG index open at 25,683.59, the previous close was 25,801.49.

Commodity Market

Oil prices were rise on Monday as geopolitical tensions between the US and Saudi Arabia. WTI crude rose 79 cents to US$72.13 a barrel and Brent crude jumped US$1.01 to US$81.44 a barrel.

Currency Market

In currencies, the slight down was seen on ringgit, It was 0.1% weaker against the US dollar at 4.1578 in early trade. The ringgit traded mostly higher against other major currencies, except the yen, where it eased to 3.7114/7144 from 3.6971/7008 at Friday’s close. 
It rose against the Singapore dollar from 3.0149/0175 to 3.0127/0160, improved versus the euro from 4.8092/8139 to 4.7998/8045 and appreciated against the British pound to 5.4481/4537 from 5.4861/4917.

KLSE Stock News- Bursa Malaysia Stocks open lower on Friday, Blue Chips Down In Attentive Trade

Kuala Lumpur: Bursa Malaysia share prices opened lower on Friday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 1.56 points to 1,706.93. The trading volume was 41.38 million lots worth RM16.66 million. There were 67 gainers, 162 losers and 156 counters unchanged.

The Friday drop on Blue chips was not as acute as the previous two days, as the selling was seen as overdone. However, Hong Leong Bank and Public Bank weighed down the FBM KLCI.

Stock To Watch

The KLSE loser stock data shows Hong Leong Bank fell 40 sen to RM19.90 and Public Bank 16 sen to RM24.74 while Bursa lost 12 sen to RM7.52. MPI fell 44 sen to RM11.06, Vitrox 25 sen to RM7.65. Other decliners were Hap Seng, down 21 sen to RM9.36, Scientex 19 sen to RM8.41. Gamuda extended its rebound, up four sen to RM2.34. 

Among the klse stock gainer list, United Plantations was the top gainer, up 30 sen to RM26.88 with 100 shares done. Genting Plantations rose 18 sen to RM9.54, KL Kepong 12 sen to RM24.80 and Sime Plantation added seven sen to RM5.31.

Ibraco added 12.5 sen to 59 sen, Tenaga 10 sen to RM14.38 and Digi six sen higher at RM4.45 while Revenue Group gained five sen to RM1.11.

Global Market

After nine-day losing streak The Asian shares holding steady and appeared indefinite on Friday, but the sentiment was frail after Wall Street shares crumbled and expectations of market volatility shot up to an eight-month high.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.2% after the opening of South Korea and Australian markets, a day after it fell 3.6% to hit 1-and-a-1/2 year low. Japan’s Nikkei fell 0.6%.

Currency Market

The RINGGIT opened marginally higher against the US dollar at Friday’s opening, the local currency stood at 4.1520/1560 against 4.1580/1600 recorded at yesterday’s closing. 

The ringgit was traded mostly lower against all other major currencies. It fell against the Singapore dollar from 3.0124/0143  to 3.0203/0234 yesterday, slipped versus the euro from 4.8054/8094 to 4.8155/8205 and depreciated against the British pound to 5.4964/5034 from 5.4873/4916. The local note traded higher against the Japanese yen at 3.7019/7061 from 3.7052/7080.

Commodity Market

Crude oil prices were supported by the ringgit on Friday. Brent crude rose to US$80.48 per barrel after a market retreat with falls in equity markets and indications that supply concerns have been overblown.

Klse Stock News- Malaysia shares open lower on Thursday, KLCI Collapse 3 Percent To Below 1,700

Kuala Lumpur: The FBM KLCI fell more than 3% on Thursday. Bursa Malaysia stock prices opened lower on Thursday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index sharply down 36.96 points to 1,698.22. The trading volume was 165.76 million lots worth RM54.83 million. Losers beat gainers 490 to 19.

On Wednesday, the KLCI fell nearly 40 points. With this morning’s losses, the decline is about 90 points, as the technical support for the index has broken down.

The klse stock loser data shows, Nestle fell RM3.10 to RM142.90, BAT RM1.50 to RM33.50, Dutch Lady Rm1.10 to RM63.20 and F&N 92 sen to RM34.84.
Petronas Dagangan lost RM1 to RM25.10, MPI 72 sen to RM11.30, Tenaga 72 sen also to RM13.96 and Hong Leong Bank 70 sen lower at RM19.86.

Gamuda places 29 sen to RM2.09 with 107 million shares done on growing worries about its participation in the MRT 2 project.

Global Market

Selling pressure on key Asian markets continued on Thursday, driven by the overnight tumble on Wall Street. The continued slide on Thursday was sparked off by a steep decline in US equities overnight as fears over rising interest rates disorderly retreat in technology stocks sent the Dow Jones plunging over 800 points or 3.15%.
The Japan Nikkei index open at 23,043.37 after 23,506.04 previous close and Han Seng index opened at 25,392.90, the previous close was 26,193.07

Currency Market

In the currency market, the RINGGIT opened slightly lower against the US dollar on Thursday. The local currency stood at 4.1550/1580 against 4.1515/1545 recorded at Wednesday’s closing.
The ringgit was traded lower against all other major currencies. It fell against the Singapore dollar from 3.0016/0048 to 3.0056/0082 on yesterday and slipped versus the Japanese yen from 3.6668/6704 to 3.7012/7049.
The local note decreased against the Euro to 4.7920/7967 from 4.7688/7731 and depreciated against the British pound to 5.4879/4935 from 5.4601/4657.

Commodity Market

Oil prices also suffered a steep decline to two-week lows as confidence overgrowth in the global economy continued to weigh. WTI crude fell US$1.24 to US$71.93 a barrel while Brent crude dropped US$1.49 to US$81.60 a barrel.

Malaysia shares open higher on Wednesday, And Then Slide In Mid- Morning Session

Kuala Lumpur: Bursa Malaysia stock prices opened Higher on Wednesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 5.17 points to 1,779.32. The trading volume of 77.41 million lots worth RM45.95 million. 77.41 million lots worth RM45.95 million.

The topmost KLSE gainer performer including HLFG, up 34 sen to RM19.54 while Hong Leong Bank added six sen to RM20.66. Petronas Dagangan added 20 sen to RM26.28 and Petronas Gas gained six sen to RM18.36.

Gamuda edged up five sen to RM2.43 Sime Plantation rose eight sen to RM5.35 and Sime Plantation rose eight sen to RM5.35 Fund buying of Petronas-linked stocks and Sime Darby underpinned the result in FBM KLCI’s early advance on Wednesday morning.

When the mid-morning session comes, Bursa Malaysia entered a steep decline as investors processed the announcement by Prime Minister that the government is considering new taxes to help pare down its debts.

The FBM KLCI was down 19.22 points to 1,754.93, its lowest level since late July. Trading volume was 1.38 billion shares valued at RM1.04bil. Market breadth was enormously negative, 752 to 138, while 315 counters were unchanged at 12.30pm,

The KLSE loser stock list of the mid-morning session including Axiata and Tenaga were the two top decliners of the morning session, taking nearly eight points off the index between them. Axiata lost 34 sen to RM4.02 while Tenaga dropped 36 sen to RM15.02.

Genting fell 22 sen to RM7.54, Petronas Gas slid 40 sen to RM17.90 and Maxis shaved 13 sen to RM5.54.  Among the KLSE gainer stock of mid-morning session, Public Bank added two sen to RM24.98, Press Metal gained two sen to RM4.92 and KL Kepong rose four sen to RM24.96.

Global Market

Asian markets were mostly weaker on Wednesday as the Chinese market was pulled down by the blue chips amid fears of slowing domestic growth. Meanwhile, Southeast Asia markets were routed with Singapore’s stocks facing a fifth consecutive day of losses while the Philippines touched a 3.5-month low

Commodity Market

WTI crude dropped 33 cents to US$74.63 a barrel while Brent crude fell 21 cents to US$84.79 a barrel.

Currency Market

Forex Signals: The ringgit strengthened 0.1% against the US dollar at 4.1525. However, it fell 0.6% against the pound sterling a 5.4639 and 0.25% against the Singapore dollar at 3.0074.


KLSE Stock News- Decline Continues, Bursa Malaysia Stock shares open lower on Tuesday

Kuala Lumpur: Bursa Malaysia stock prices continues to decline on Tuesday due to rising US bond yields and the state of the Chinese economy. The market was opened lower with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 3.18 points to 1,772.57.
The trading volume was 61.68 million lots worth RM23 million. There were 94 gainers versus 89 decliners and 148 counters unchanged.

Stock Watch

Among the most KLSE active stock, the rapid fluctuations were seen in Gamuda Bhd to its share price but held firm following the 24% plunge in yesterday’s session. the stock stayed unchanged at RM2.43 in the early morning session.

The top KLSE gainers stock list including, Iris, up 0.5 sen to 16.5 sen and VC, losing 0.5 sen to 8.5 sen. Among heavy cap stocks, Genting Malaysia rose four sen to RM4.96, Genting gained three sen to RM7.84 and Ambank added five sen to RM4.05.

The KLSE loser stock list shows, KLK fell 26 sen to RM24.74, Press Metal dropped eight sen to RM4.85 and Hartalega slid six sen to RM6.25.

Global Market

The Southeast Asian stock markets were depressed on Tuesday, tracking weakness in broader Asia as China allowed its currency to slip past a psychological bulwark amid sharp losses in domestic share markets. The Japan Nikkei opens today WITH 26,202.57 And previous close at 23,783.72 and HANG SENG index open at 26,194.17 and its previous close was 26,202.57.

Commodity Market

The little change was seen in Oil prices on Tuesday, the crude exports from Iran are declining in the run-up to the reimposition of U.S. sanctions, while a hurricane moved across the Gulf of Mexico.
Brent crude was down seven cents at US$83.84 a barrel while US crude was down by one cent at US$74.28 a barrel, having fallen as low as US$73.07 in the previous session.

Currency Market

Forex Signals: The RINGGIT was weakened against the US dollar, down 0.03% to 4.1565.