Bursa Malaysia Opens Higher Over Positive Expectations Of US-China Exchange Relations.

Bursa Malaysia extends gains from yesterday to open higher early today, lifted up by positive slant all around and in the midst of any expectations of advancement in US-China exchange relations.

FTSE Bursa Malaysia KLCI (FBM KLCI) rose 8.48 focuses to 1,671.75 from yesterday’s end of 1,663.27. The list opened 7.84 focuses better at 1,671.11.

Market broadness was sure as gainers driven decliners 122 to 45, with 109 counters unaltered, 1,638 untraded and 38 others suspended. Volume remained at 57.22 million units esteemed at RM28.19 million.

Among actives, MyEG edged up 6.5 sen to 90.5 sen, Tatt Giap livened 2.5 sen to 25 sen, Sino Hua-A crawled up a large portion of a-sen to 16.5 sen, while Hubline was level at four sen.

KLSE Stock Gainers

Stock Last Change
F&N 33.4 1.08
NESTLE 146 0.5
PANAMY 37.98 0.36
PETGAS 19.28 0.26
MAGNI 4.39 0.24

KLSE Stock Loser

Stock Last Change
BAT 36.42 -0.66
TASEK 4.65 -0.15
BURSA 6.97 -0.13
CARLSBG 19.68 -0.12
QL 6.53 -0.12

Stock in News

MyEG, Poh Huat Resources Holdings Bhd, Bermaz Auto Bhd (BAuto)

My E.G. Administrations Bhd (MyEG) shares rose 9.52% in dynamic exchange today after the e-taxpayer driven organization supplier said it was ignorant of any components which may have prompted the drop in its offer cost to a five-month low.

Poh Huat Resources Holdings Bhd rose 4.73% at the beginning of today after its net benefit rose 16.9% to RM20.86 million in the fourth monetary quarter finished Oct 31, 2018 (4QFY18) from RM17.84 million per year prior, on higher deals from the two its Malaysian and Vietnamese tasks. This brought about a higher income per offer of 9.5 sen for 4QFY18 contrasted and 8.35 sen for 4QFY17.

Bermaz Auto Bhd (BAuto) shares rose 2.36% toward the beginning of today after it recorded a more than three-overlay bounce in net benefit to RM73.92 million or 6.36 sen for each offer in the second quarter finished Oct 31, 2018 (2QFY19) inferable from better deals amid the 3-month impose occasion, enhanced vehicle deals blend and edges.

Vortex Consolidated Bhd bounced 11.11% in exchange toward the beginning of today after the organization said it is assuming control over a blended advancement venture in Kajang with a gross improvement esteem (GDV) of more than RM340 million, in accordance with its business enhancement into the property part.

Global Market

Following the significant instability was found in the past session, stocks close generally higher on Wednesday, as brokers communicated restored positive thinking about the U.S:- China exchange talks in the wake of waffling among confident and suspicious on Tuesday.

The significant indexes pulled back off their best dimensions in evening exchanging yet remained immovably positive. The Dow climbed 157.03 focuses or 0.6 percent to 24,527.27, the Nasdaq hopped 66.48 focuses or 1 percent to 7,098.31 and the S&P 500 rose 14.29 focuses or 0.5 percent to 2,651.07.

The strength on Wall Street came after President Donald Trump communicated good faith about hitting an economic accord with the Chinese President.

Index Last Change%
Dow 30 24527.27 0.64
S&P 500 2651.07 0.54
Nasdaq 100 7098.31 0.95
FTSE 100 6880.19 1.08
DAX 10929.43 1.38

 

Currency Market

Forex Signals: The ringgit was somewhat higher against the US dollar toward the beginning of trade on better interest for it.

It remained at 4.1800/1840 against the greenback from 4.1830/1880 at yesterdays nearby.

Commodity Market

Gold Price: Gold prices slide early on trade as the dollar gains strength after declining from a near one-month high in the previous session.

Spot gold was trading at $1,244.56 per ounce. Trading Range: $1238-$1250.

 

Bursa Malaysia Opens Higher With After Positive Talk Between US And China Over Trade War.

Bursa Malaysia snapped its six-day losing streak to open higher today, in the midst of recuperation in a worldwide market notion, following new advancements in US-China exchange relations.

At 9.03 am, the key FTSE Bursa Malaysia KLCI (FBM KLCI) bounced back 4.65 focuses to 1,657.28 from yesterday’s end of 1,652.63.

The list opened 4.46 focuses better at 1,657.09. Market broadness was sure as gainers driven decliners 114 to 40, with 99 counters unaltered, 1,652 untraded and 38 others suspended.

Volume remained at 77.75 million units esteemed at RM25.17 million

Among actives, Vortex crawled up a large portion of a-sen to 9.5 sen, while Hubline, Bumi Armada and PUC were all level at four sen, 16 sen, and 11.5 sen individually.

KLSE Stock Gainers

Stock Last Change
BAT 36.5 0.5
UTDPLT 26.74 0.46
HLBANK 20.48 0.38
PBBANK 24.86 0.36
PETGAS 19.42 0.34

KLSE Stock Loser

Stock Last Change
NESTLE 145 -1
KESM 8.28 -0.19
TAKAFUL 3.88 -0.12
SPSETIA 2.28 -0.12
SCICOM 1.04 -0.11

Stock in News

AirAsia fell 1.52% or four sen to RM2.60 while AAX shed 2.13%, or 0.5 sen to 23 sen. MAHB is suing minimal effort bearer AirAsia and AAX for a joined RM36.11mil for exceptional airplane terminal assessments.

Alam Maritim Resources Bhd shares were exchanging 6.25% higher in early exchange Wednesday subsequent to anchoring an agreement from ExxonMobil Exploration and Production Malaysia Inc.

The counter rose 6.25%, or 0.5 sen to 85 sen with a thin volume of 743,400 offers done.

LB Aluminum posted a 69.42% hop in a net benefit to RM2.83mil for the second quarter finished Oct 31, 2018, from RM1.67mil per year sooner, because of higher deals volume and normal moving cost amid the quarter.

Global Market

In the wake of neglecting support an underlying upward move; stocks demonstrated an absence of bearing through the span of the trading session on Tuesday. The major heavyweights pulled back off their initial highs and spent whatever remains of the day ricocheting up and down over the unaltered line.

While the tech-overwhelming Nasdaq rose 11.31 focuses or 0.2 percent to 7,031.83, the Dow plunged 53.02 focuses or 0.2 percent to 24,370.24 and the S&P 500 edged down 0.94 focuses or not exactly a tenth of a percent to 2,636.78.

The unpredictability on the day came as merchants waffled among positive thinking and incredulity about a potential exchange talk between the U.S. and China.

Index Last Change%
Dow 30 24370.24 -0.22
S&P 500 263.78 -0.04
Nasdaq 100 7031.83 0.16
FTSE 100 6806.94 1.27
DAX 10780.51 1.49
 
Currency Market

Forex Signals: The ringgit was higher against the US dollar early today as increases in worldwide oil costs lifted.

The Ringgit remained at 4.1790/1840 against the US dollar from 4.1830/1860 at yesterdays nearby.

Commodity Market

Gold Price: Gold traded in a range in expectation of fewer rate hikes.Spot gold XAU= crawled up 0.1 percent to $1,244.40 per ounce.

The dollar held close to a one-month high against its companions on Wednesday, upheld by a bounce back in U.S. yields and shortcoming of the pound as its battering from vulnerability about Brexit proceeded.

Daily Trading Range: $1240-$1250

Bursa Malaysia Opens Lower With Lacklustre Volume

Bursa Malaysia opened marginally down today, trading activity limited to the downside after good recovery in the global market.

The key FTSE Bursa Malaysia KLCI (FBM KLCI) facilitated 3.32 focuses to 1,659.99 from yesterday’s end of 1,663.31. The list opened 6.76 focuses bring down at 1,656.55.

Heavyweight looser Petronas Gas hauled down the composite list by 1.053 indicates subsequent to falling 30 sen RM18.80 with 700 offers evolving hands.

Market expansiveness stayed negative with decliners somewhat dwarfing advancers 77 to 70, with 108 counters unaltered, 1,650 untraded and 36 others suspended. Volume remained at 88.14 million units esteemed at RM22.62 million.

Among actives, Prestariang crawled down a large portion of a-sen to 30 sen while Hubline, Sumatec, Bumi Armada and Tatt Giap were all level at four sen, 1.5 sen, 15.5 sen, and 23 sen individually.

KLSE Stock Gainers

Stock Last Change
F&N 32.68 0.64
HLFG 19.02 0.3
NESTLE 145.2 0.3
PMBTECH 4.1 0.24
UMW 5.71 0.18

KLSE Stock Loser

Stock Last Change
BAT 36.3 -0.4
PETDAG 25.28 -0.36
HEIM 19.9 -0.3
BLDPLNT 6.73 -0.27
PADINI 3.69 -0.2

Stock in News

Wilmar International: a week ago marked a joint explanation with Aid environment Asia, a not-revenue driven consultancy in the field of supportable generation and exchange, to reaffirm its duty to “break the connection between oil palm development and deforestation, peatland advancement and social clashes.

Top Glove Corp Bhd: shares ascended as much as 19 sen or 3.42% to RM5.74 so far today on deal chasing and after the organization said yesterday there is definitely no constrained additional time (OT) on its laborers.

Gamuda Land intends to dispatch the first overhauled flats in the RM20 billion Gamuda Cove townships by year end or this January. The 1,530-section of land Gamuda Cove is situated along the North-South Expressway Central Link (Elite), inverse Cyberjaya.

Global Market

Subsequent to moving lower down in morning trade, stocks organized a significant turnaround through the span of the trading session on Monday. The significant midpoints climbed well off their most exceedingly awful dimensions of the day and into positive region.

The major index all closed higher, in spite of the fact that the Nasdaq beat its partners, climbing 51.27 focuses or 0.7 percent to 7,020.52. The Dow crawled up 34.31 focuses or 0.1 percent to 24,423.26 and the S&P 500 edged up 4.64 focuses or 0.2 percent to 2,637.72. The turnaround on Wall Street came as dealers went deal chasing after the early shortcoming expanded the auction seen a week ago.

The Dow and the S&P 500 bounced back in the wake of hitting their least intraday levels in seven and eight months, separately.

Light trading volume action may have added to the instability, as a few dealers stayed on the sidelines in the midst of an absence of major U.S. economic data.

Index Last Change%
Dow 30 24423.3 0.14
S&P 500 2637.72 0.18
Nasdaq 100 7020.52 0.74
FTSE 100 6721.54 -0.83
DAX 10622.1 -1.54
 
Currency Market
Forex signals: The ringgit was slightly lower against the US dollar this morning on concerns over slowing global growth and weaker oil prices.

Ringgit trade at 4.1770/1810 against the US dollar from 4.1700/1750 at yesterday’s close.

Commodity Market

Gold Price: Gold is trading mild positive in Asia, conceivably following the drop in the greenback. In this way, 200-day moving normal (MA) of $1,255 could be put to test soon.

Daly Trading Range: $1235-$1250.

Malaysian Stock In Focus This Week 11-15 December 2018

We are just at end of the year 2018, but you can’t be lazy just because you are waiting for the new year to knock in your door with good news. An active trader never loses his grip on market analysis. He doesn’t just wait for opportunities but he seizes it in the right moment and moment can be off days, weeks or months.

Multi-Management Future Solution is here to deliver the latest report on Malaysian Stocks for with the help of our experts on technical analysis for the current week i.e. 11-15 December.

Poh Kong Holdings Bhd
 

KLSE Stock

Here we pick the first stock in our list Poh Kong Holdings Bhd (Code: POHKONG), an investment holding company, manufactures, trades in, and retails jewelry, precious and semiprecious stones, and gold ornaments primarily in Malaysia with market cap 185 million.

According to the Bloomberg data, Poh Kong Holdings Bhd dividend payout ratio for this month is 2.22% and recommended first and final single tier dividend of 1.00 sen per share for the fiscal year ended July 31, 2018, payable on March 08, 2019. Ex-date is February 13, 2019.

Why investors should follow Poh Kong Holdings Bhd?

The PHOKONG unaudited combine its earnings results for the first quarter ended October 31, 2018 dive, 41% year-on-year to RM3.16 million, from RM5.36 million already because of changes in gold costs. For the quarter, the company reported revenue 17% higher at  MYR 258,364,000 against MYR 220,925,000 a year ago. This higher income was due to the expansion achieved after gold gems and gold supposition items and extra income contributed from new outlets in the present quarter under audit.

Sapura Energy Bhd

KLSE Stock

The second stock in the list is the famous oil and gas stock of Malaysia Sapura Energy Bhd’s (Code: SAPNRG) provides integrated oil and gas services and solutions with market cap 2.06 Million. The Company offers engineering, fabrication, construction, installation, hook up, commissioning, drilling, exploration, and production of oil and gas fields.

Sapura Energy Bhd is the most active stock of KLSE index from November and its price must be right and it would need to open up to new markets, Quarterly revenue grew 17.4% to RM1.5 billion from RM1.28 billion previously, the group said in a filing with Bursa Malaysia.

Why investors should follow Sapura Energy Bhd?

In the interim, Sapura Energy and its associates have won an RM3 billion contract from Oil and Natural Gas Corp Ltd (ONGC) in India. Sapura Energy said the new contract win improves the gathering’s quality in the developing business sector.

Sapura Energy shares were up 2 sen or 6% at 35.5 sen, for a market capitalization of RM2.13 billion. The total deficit limited to RM31.09 million in the second from last quarter finished Oct 31 from RM274.41 million per year back, in accordance with a higher income, which rose 17.36% to RM1.50 billion from RM1.28 billion every year prior.

Petroleum Nasional Bhd
 

KLSE Stock

Last but not the least Petroleum Nasional Bhd, also known as Petronas (PETGAS) operates as an integrated oil and gas company in Malaysia and internationally with the market cap 37.794 Million. The BHD markets petroleum products and operates service stations domestically. Through its subsidiaries, the Company has operations in aviation fueling at Kuala Lumpur International Airport and bunkering facilities at West Port along with marketing and distributing lubricants.

The Petronas is the potential performer as KLSE gainer stock from last few months in this year. The interim dividend of 16 sen per ordinary share for the quarter ended September 30, 2018. Payment date is December 26, 2018. EX-date is December 10, 2018. Entitlement date is December 12, 2018.

Why investors should follow Sapura Energy Bhd?

Petronas (PETGAS) have just put US$500m in a pilot organizd in the La Amarga Chica territory. The main well of the pilot stage was drilled in 2015 and generation achieved 9,800 bbl/d. With the new joint endeavor, generation is required to achieve 20,000 bbl/d in 2019 and 60,000 bbl/d by 2022. The venture could reach US$7bn inside 20 years with an intent to drive generation up to 75,000 bbl/d.

Don’t stay behind the current KLSE market, stay one step ahead with Multi Management Future. For current stock picks, expert advice and news contact us now!

Bursa Malaysia Opens Lower Extending A Prior Week’s Downtrend

Bursa Malaysia opened lower today, expanding a prior week’s downtrend and hosted by powerless purchasing slant, particularly on the domestic front.

FTSE Bursa Malaysia KLCI (FBM KLCI) fell 9.31 focuses to 1,671.23 from Friday’s end of 1,680.54. The future opened 5.87 focuses weaker at 1,674.67. Top looser Tenaga hauled the composite file somewhere near 3.232 indicates subsequent to falling 32 sen RM13.38 with 140,400 offers evolving hands.

On the more extensive market, decliners dwarfed advancers 141 to 54, with 127 counters unaltered, 1,547 untraded and 25 others suspended. Volume remained at 138.49 million units esteemed at RM29.59 million.

Among the heavyweights, Public Bank lost 10 sen to RM24.70; CIMB facilitated four sen to RM5.74, while both Maybank and Petronas Chemicals were level at RM9.42 and RM9.20 separately.

Among actives, Tatt Giap and Sapura Energy slipped a large portion of a-sen each to one sen and 34.5 sen separately, MYEG slid one sen to RM1.13, yet Hubline was level at four sen.

KLSE Stock Gainers

Stock Last Change
NESTLE 145.2 0.7
PETDAG 25.28 0.14
HLIND 8.94 0.15
LTKM 1.13 0.08
ENGKAH 1.02 0.06

KLSE Stock Loser

Stock Last Change
F&N 32 -0.7
BAT 36.82 -0.46
CARLSBG 19.2 -0.4
AJI 18.24 -0.4
PANAMY 37.6 -0.4

Stock In News 

Scomi Group Bhd Shares fell in early exchange Monday after three of its backups connected for legal administration from the Shah Alam High Court as a component of its monetary rebuilding. The counter fell 10%, or 0.5 sen to 4.5 sen with thin volume.

YTL Corp is purchasing Spanish firm SOL HTL Project, which possesses a freehold property in Madrid that will be renovated and changed over into a 200-room in that will work under the Marriot International Inc’s EDITION image, for euro 220 million (RM1.038bil).

Astro will attempt a Voluntary Separation Scheme (VSS) that will enable the gathering to additionally disentangle the association, improve operational productivity and lessen yearly working costs.

Top Glove Corp. Bhd The wellbeing service said it would examine guidelines at Top Glove Corp. Bhd – which makes elastic gloves sold to Britain’s National Health Service (NHS) – after the uncover discovered a few vagrants working unlawful additional time to satisfy obligations.

Global Market

US Stocks dropped pointedly on Friday, closing what has been a wild week for Wall Street. A weaker-than-anticipated employments report and China-U.S. exchange strains sent the Dow Jones Industrial Average lower by 558.72 focuses to 24,388.95 and deleted its increases for the year. At a certain point, the Dow was up in excess of 8 percent for 2018

The S&P 500 pulled back 2.3 percent to 2,633.08 and furthermore turned negative for the year. The Nasdaq Composite dropped 3.05 percent to close at 6,969.25. Offers of huge top tech organizations drove the way lower. Facebook, Amazon, Netflix and Google-parent Alphabet all exchanged lower. Apple’s stock additionally fell 3.6 percent — deleting its increases for the year — after Morgan Stanley cut its cost focus on the tech goliath’s offers, referring to debilitating iPhone deals.

Index Last Change%
Dow 30 24388.95 -2.24
S&P 500 2633.08 -2.33
Nasdaq 100 6969.23 -3.05
FTSE 100 6778.11 1.1
DAX 10788.09 0.21
 
Currency Market

Forex Signals: The ringgit was marginally lower against the US dollar at the beginning of today on weaker interest for the neighborhood note; in the midst of re-established worries over interest rate increments by the US Federal Reserve (Fed) one year from now.

In morning trade Ringgit at 4.1650/1700 against the US dollar from 4.1640/1680 at Friday’s close.

Commodity Market

The occupations number dropped and gold flew in early Friday exchanging – up to $7 at $1248. Silver is up 9¢ at $14.60. Gold’s gains on weak job number and weak global market as to safe haven demand.

Gold Trading Range: $1238-$1252

 

Bursa Malaysia Opens Flat And Trade Negative Bias

Kuala Lumpur: Offers on Bursa Malaysia were thinly traded at Friday’s opening on gentle moving, as the capture of a senior Chinese official at tech monster Huawei, raised feelings of dread that it could affect the advancement of the US-China exchange discourses, merchants said.

At 9.03 am, the key FTSE Bursa Malaysia KLCI (FBM KLCI) facilitated 1.04 focuses to 1,682.30 from Thursday’s end of 1,683.34. The list opened 1.97 weaker at 1,681.37.

On the more extensive market, gainers were somewhat higher than washouts at 91 to 77, with 113 counters unaltered, 1,588 untraded and 24 others suspended. Volume remained at 157.47 million units esteemed at RM25.93 million.

The Plantation Index up 22.99 focuses to 6,860.77 and the Financial Services Index edged up 18.99 focuses to 17,470.66, in any case, the Industrial Products and Services Index was 0.60 of-a-points weaker at 168.80.

KLSE Stock Gainers

Stock Last Change
PETRONM 7.07 0.19
MPI 10.76 0.16
AIRPORT 7.75 0.15
KESM 8.63 0.15
ALLIANZ 12.54 0.14

KLSE Stock Loser

Stock Last Change
NESTLE 144.5 -0.5
APOLLO 3.98 -0.22
TIMECOM 8.09 -0.21
KLK 24.18 -0.2
BAT 37.24 -0.18

Stock in News

AMMB Holdings Bhd shares rose 2.79% after it was incorporated into the benchmark FBM KLCI file of 30 stocks. AMMB rose 12 sen to RM4.42 with 961,100 offers exchanged.

Perak Transit Bhd shares rose 5.77% in dynamic exchange early today after it got the Securities Commission’s endorsement to move from its present ACE market leaning to the bourse’s principle advertise. Perak Transit rose 1.5 sen to 27.5 sen with 7.67 million offers done.

Top Glove Corporation Bhd and AMMB Holdings Bhd will be incorporated into the FTSE Bursa Malaysia KLCI with impact from Dec 24, assuming control from Telekom Malaysia Bhd and KLCC Prop and REITS.

Global Market

The developing US-China exchange war has propelled the share trading system on a wild crazy ride. News of the capture of Huawei CFO Meng Wanzhou in Canada sent the Dow plunging as much as 785 points on Thursday before the record arranged a tremendous rebound. The Dow shut the day down only 79 points.

The Nasdaq squeezed out a little increase, recuperating from exchange war fears that had thumped the list down as much as 2.4%. The S&P 500 comparably bounced back, finishing the day down simply 0.2%.

The buy sells activity demonstrates how unverifiable financial specialists have turned out to be about the status of the US-China exchange war. The market was additionally helped by a report in The Wall Street Journal showing the Federal Reserve is thinking about backing off the pace of rate climbs one year from now.

Index Last Change%
Dow 30 24947.67 -0.32
S&P 500 2695.95 -0.15
Nasdaq 100 7188.26 0.42
FTSE 100 6704.05 -3.15
DAX 10810.98 -3.48
 
Currency Market

Forex Signals: The ringgit bounced back from yesterday’s misfortune to open somewhat higher against the US dollar today, as the greenback debilitated, in the midst of hesitant US Federal Reserve’s loan cost climb desires.

It was exchanged at 4.1610/1660 against the US dollar from Thursday’s end of 4.1620/1670.

Commodity Market

Gold Price: The Gold future picked up footing and rose pointedly in the NA session as the valuable metal assembled quality against its opponents in the midst of more grounded interest for more secure resources. In the wake of contacting its most abnormal amount since mid-July at $1244.40, the match organized a specialized revision and was most recently seen exchanging at $1241, where it was up 0.33% regularly.

Daily Range: $1233-$1245

Bursa Malaysia Opens Lower After Sell Off In Asian Market

Bursa Malaysia market stayed on a downtrend today and in accordance with worldwide companions.

The key FTSE Bursa Malaysia KLCI (FBM KLCI) fell 4.56 focuses to 1,683.71 from Wednesday’s end of 1,688.27.

The record opened 4.92 weaker at 1,683.35. On the more extensive market, washouts were marginally higher than gainers at 100 to 60, with 119 counters unaltered, 1,590 untraded and 23 others suspended.

Volume remained at 115.82 million units esteemed at RM34.17 million.

Among different actives, Tatt Giap climbed a large portion of a-sen to 1.5 sen, Astro expanded nine sen to RM1.38, Techbond added 2.5 sen to 88.5 sen and Bumi Armada was a large portion of a-sen better at 16 sen.

KLSE Stock Gainers

Stock Last Change
UTDPLT 26.78 0.38
MBMR 2.24 0.18
DIGI 4.45 0.16
MPI 10.66 0.16
HLFG 19.5 0.12

KLSE Stock Loser

Stock Last Change
NESTLE 144.8 -2.7
F&N 32.12 -0.86
BAT 37.16 -0.5
TENAGA 13.54 -0.38
AIRPORT 7.5 -0.31

Stock in News

Berjaya Food Bhd shares rose 2.26% toward the beginning of today after its net benefit developed 21% year-on-year in its second quarter finished Oct 31, 2018 (2QFY19) to RM7.03 million from RM5.81 million. Berjaya Food added 3 sen to RM1.36 with 125,900 offers exchanged.

Astro Malaysia Holdings Bhd shares rose 6.98% after its net benefit climbed hardly to RM153.21 million for the second from last quarter net benefit of as of Oct 31, up 4.45% from RM146.68 million in the past comparing quarter.

Techbond Group Bhd rose 25% in dynamic exchange early at the beginning of today upon its posting on the Main Market of Bursa Malaysia Securities Bhd. Techbond rose 16.5 sen to 82.5 sen with 24.08 million offers exchanged.

Padini Holdings Bhd’s offer value kept on dropping for the third sequential exchanging day. The stock fell 15 sen or 3.4% to RM4.28 as at 4.30pm today, as the most recent quarterly money related profit, which experienced edge crush, painted a melancholy standpoint.

World Market

The U.S. securities exchange is closed yesterday, however, advertises somewhere else are open for business—and not doing as such well.

Europe’s Stocks 600 has fallen 0.7% to 355.93, while the Asia Dow has dropped 1% to 3,242.77. And keeping in mind that those business sectors are down, the harm is far not as much as that endured by U.S. stocks yesterday: The Dow Jones Industrial Average dropped almost 800.

That is ascribed to remarks from the China Ministry of Commerce, which said that it will establish the understandings came to with the U.S., conveying somewhat more conviction to the market about the condition of exchange.

Actually, U.S. fates have even been exchanging also and making back a modest part of yesterday’s misfortunes. S&P 500 prospects have risen 0.5%, while Dow Jones Industrial Average fates have progressed 0.4%.

Index Last Change%
Dow 30 25027.07 -3.1
S&P 500 2700.06 -3.24
Nasdaq 100 7158.43 -3.8
FTSE 100 6921.84 -1.44
DAX 11200.24 -1.19
 
Currency Market

Forex Signals: The ringgit stretched out yesterday’s misfortunes to open hardly bring down against the US dollar today and in the midst of weaker raw petroleum costs.

In morning trade it at 4.1550/1600 against the US dollar from Wednesday’s end of 4.1525/1555.

Commodity Market

Gold Price: Gold traded below yesterday’s 5-week high trading near $1240 per ounce as Asian and European stock markets extended Wall Street’s steep drop amid forecasts of a US economic recession after the yield curve on Washington’s debt briefly inverted.

Gold trade in Range of $1230-$1242

Bursa Malaysia Opened Lower Lack Of Buying Interest And Cues From Wall Street Selloff.

Bursa Malaysia opened lower today on an absence of purchasing interest after yesterday selloff in Us Market

At 9.04am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 8.83 to 1,686.16 from Tuesday’s end of 1,694.99. The list opened 11.41 weaker at 1,683.58.

On the more extensive market, failures conquered gainers 244 to 44, with 103 counters unaltered, 1,478 untraded and 21 others suspended. Volume remained at 107.17 million units esteemed at RM62.01 million.

Techbond Group Bhd, made its introduction on the Main Market of Bursa Malaysia, opening at 80.5 sen and recording a 14.5 sen premium over its 0.66 issue cost. The principal exchange was done at 10.1 million offers.

Among different actives, Hibiscus Petroleum shed three sen to RM1.08, Sapura Energy slipped a large portion of a-sen to 34 sen, Genting Malaysia fell three sen to RM2.93 and Velesto Energy somewhere around one sen to 21.5 sen.

KLSE Stock Gainers

Stock Last Change
BIPORT 5 0.29
PETGAS 19.52 0.22
CARLSBG 19.36 0.16
UTDPLT 26.92 0.12
MSM 2.83 0.11

KLSE Stock Loser

Stock Last Change
TENAGA 13.86 -0.28
F&N 32.98 -0.22
HEIM 20 -0.2
QL 6.72 -0.18
UMS 2.21 -0.17

Stock In News

PC Forms (Malaysia) Bhd’s (CFM) share cost was level at the beginning of today at RM1.27 after investors were prompted by the free consultant to dismiss the changed offer by Tan Sri Datuk Tan Hua Choon.

Utusan is moving a shop part in Petaling Jaya for RM7mil and Parkson’s Singapore-recorded backup has been put under the trade’s watch list because of low exchanging cost.

TRC Synergy has been granted the nearly RM500mil contract to build up an incorporated improvement in Putrajaya.

Tadmax’s CEO has been paring down his stake from 26.4% to 17.1% as of late.

Global Market

It was quick Wall Street’s excitement for the US-China exchange détente has totally vanished. The Dow dropped 799, or 3.1%, on Tuesday. At a certain point, the record was down 818. The S&P 500 declined 3.2%, while the Nasdaq tumbled 3.8%.

Huge tech stocks fell pointedly. Apple (AAPL) and Alphabet (GOOGL) lost over 4% each. Amazon (AMZN) and Netflix dove over 5%.

The selloff wipes out a lump of a week ago’s an immense rally. The Dow bounced 288 points on Monday on help about the truce between the United States and China on the exchange. Experts are still extremely worried about the exchange war.

Index Last Change%
Dow 30 25027.07 -3.1
S&P 500 2700.06 -3.24
Nasdaq 100 7158.43 -3.8
FTSE 100 7022.76 -0.56
DAX 11335.22 -1.14
 
Currency Market

Forex Signals: The ringgit withdrew against the US dollar to open lower today as benefit taking developed after the exchanged higher against the greenback in the course of recent days.

At 9.02am, the ringgit exchanged at 4.1540/1590 against the US dollar from Tuesday’s end of 4.1450/1500.

Commodity Market

Gold price: Yesterday it trades higher raising another $10 to exchange at $1241.50. Silver is up another 22¢ at $14.63.This week, when the Commitment of Traders of the report is, will give an idea for future price trend what trader expect.

Gold trade in Range of $1230-$1240

Profit Booking Witnessed in Early trade KLCI at 1692.1 -7.6 point lower

Bursa Malaysia opened lower with a sort of profit booking after yesterday’s rise. The FTSE Bursa Malaysia KLCI (FBM KLCI) benchmark increased from 1,699.72 on Monday at 9.12 a.m. to 1,696.05 points. The index opens at 1,696.81 2.91 points lower.

The Index opened 2.91 later bring down at 1,696.81. On the other side, gainers beat off looser 154 to 111, with 171 counters unaltered, 1,432 untraded and 21 others suspended. Volume remained at 380.41 million units esteemed at RM96.25 million.

Among heavyweights on Bursa Malaysia, Maybank fell one sen to RM9.42, Public Bank lost eight sen to RM24.80; Tenaga dropped 10 sen to RM14.20, while Petronas Chemicals rose two sen to RM9.19.

On the active counter, London Biscuits was up by two sen to 62.5 sen, Ucrest shed a large portion of a-sen to 30 sen, while Bumi Armada and Talam Transform were level each at four sen and three sen separately.

Sector-specific Plantation Index crept up 9.27 focuses to 6,957.03, however, the Industrial Products and Services Index was 0.19 of-a-points weaker at 170.57, and the Financial Services Index dropped 5.92 focuses to 17,480.26.

KLSE Stock Gainers

Stock Last Change
UTDPLT 26.8 0.42
PETDAG 25.3 0.3
ALLIANZ 12.5 0
CFM 1.29 0.15
TGUAN-LA 2.4 0

KLSE Stock Loser

Stock Last Change
BAT 36.92 -1
AMWAY 6.56 -0.24
LATITUD 3.58 -0.21
TENAGA 14.1 -0.2
NESTLE 147.8 -0.2

Achieve Energy Bhd have spiked in early exchange Tuesday over the disclosure of oil at its investigation well North Kariman-3 (NK-3). Achieve Energy said that underlying testing of the investigation well at NK-3 in its Emir Oil concession square coastal Kazakhstan has yielded positive outcomes.

Tatt Giap Group Bhd climbed nearly 3% in early exchange Tuesday on the back of RM11mil worth of related gathering employments. The counter increased 2.94% or 0.5 sen to 17.5 sen while Tatt Giap-PR dove 33.33% or one sen to two sen. It has anchored two contracts worth a consolidated RM10.57mil from Dynamite Fabricators Sdn Bhd to embrace steel creation and channeling pre-manufacture works.

Allianz Malaysia Bhd and Mitsui Sumitomo Insurance Co. have been shortlisted to continue to the following round of offering for AmGeneral Insurance Bhd., in an arrangement that could esteem Malaysia’s second-greatest vehicle back up plan at about $800 million, individuals with the learning of the issue said. The two gatherings will require endorsement from the Malaysian national bank before formally beginning nitty gritty transactions.

Global Market

MSCI’s index of Asia-Pacific offers outside Japan edged down 0.2 percent as the Australian market surrendered 0.5 percent and Seoul’s Kospi fell 0.6 percent. Japan’s Nikkei stock file was 0.3 percent lower.

US market pulled once again from intraday highs as financial specialists considered uncertain issues between the two nations. Medium-term, the Dow Jones Industrial Average closes 1.13 percent higher, the S&P 500 increased 1.09 percent and the Nasdaq Composite included 1.51 percent.

Index Last Change%
Dow 30 25826.43 1.13
S&P 500 2790.37 1.09
Nasdaq 100 7441.51 1.51
FTSE 100 7062.41 1.18
DAX 11465.46 1.85

 

Currency Market
Forex Signals: The ringgit opened unaltered against the US dollar from yesterday’s close, with speculators staying in a mind full temperament, in spite of the United States (US) and China consenting to delay their exchange war.

At 9 am, the ringgit was exchanged at 4.1630/1680.

Commodity Market

Gold Price: The physical price of gold as at 9.30am stood at RM159.83 per gram, up 23 sen from RM159.60 at 5 pm yesterday.

In the international Market Gold trade with positive bias in the range $1230-$1236.

Bursa Malaysia Opened Higher On Monday Post The Group Of 20 (G20) Summit

Bursa Malaysia opened higher on Monday post the Group of 20 (G20) Summit and after US President Donald Trump and his Chinese partner Xi Jinping, consented to suspend new duties, it lifts index all Asian market up.

At 9.11 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 10.40 focuses firmer at 1,690.26 versus Friday’s’ end of 1,679.86. The record opened 5.88 focuses better at 1,685.74.

On the advances against decliners, advances drove decliners 258 to 103, with 124 unaltered, 1,381 counters untraded and 21 others suspended.

Among heavyweights on Bursa Malaysia, Maybank rose six sen to RM9.45, Public Bank and Tenaga were levels at RM24.92 and RM14.24 separately, while PETRONAS Chemicals was three Sen better at RM9.23.

Top gainers, United Plantations packed away 58 sen to RM26.68, Malaysian Pacific rose 52 sen to RM10.52, Hong Leong picked up 28 sen to RM20.66 and KESM Industries was 25 sen to RM8.28.

KLSE Stock Gainers

Stock Last Change
MPI 10.64 0.64
UTDPLT 26.7 0.6
PETGAS 19.48 0.54
KESM 8.46 0.43
UMW 5.44 0.39

KLSE Stock Loser

Stock Last Change
NESTLE 148.2 -1.2
BKAWAN 16.36 -0.46
PETDAG 25.36 -0.44
F&N 32.92 -0.4
BAT 37.36 -0.34

Stocks to watch in early trade are:

Genting Malaysia fell three sen to RM2.83 subsequent to posting overall deficits of RM843.7m in the second from last quarter essentially because of an RM1,896m hindrance on the gathering’s interest in the promissory notes issued by the Native American Mashpee clan for the advancement of a coordinated gaming resort in the US on a bit of ancestral land.

Cycle and Carriage Bintang might want to guarantee every one of our clients that the ongoing choice by Daimler AG to practice their call choice on the organization’s holding in Mercedes-Benz Malaysia won’t affect our dedication or capacity to keep conveying extraordinary encounters to our clients over our across the nation dealerships in Malaysia

Stocks in the oil and gas area propelled Monday as raw petroleum costs rose. Among the vitality stocks that rose were Bumi Armada Bhd, Carimin Petroleum Bhd, Dayang Enterprise Holdings Bhd, Deleum Bhd, Dialog Group Bhd, Hengyuan Refining Company Bhd, Hibiscus Petroleum Bhd, KNM Group Bhd, and Serba Dinamik Holdings Bhd.

Global Market

Monday could be a major day for Wall Street, as U.S. securities exchange fates flooded out of the door Sunday. Dow Jones Industrial Average future +1.78% prospects were up in excess of 400, or 1.6%, on Sunday night, China consented to a ceasefire in their exchange war throughout the end of the week, with President Donald Trump saying he would not raise duties toward the beginning of the New Year as he had compromised to do.

Asian securities exchanges ascended also in early exchanging, with benchmark files in Australia XJO, +1.67 %, Japan NIK, +1.55% and South Korea SEU, +1.75% over 1% higher, while lists in Hong Kong HSI, +2.78% and Shanghai SHCOMP, +2.91% hopped over 2%. Oil prospects flooded as well, with West Texas Intermediate rough for January conveyance CLF9, +5.12% up over 3% while the worldwide benchmark Brent unrefined LCOG9, +1.73% ascended on expectations that facilitating exchange pressures will goad financial development.

Index Last Change%
Dow 30 25538.46 0.79
S&P 500 2760.17 0.82
Nasdaq 100 7330.54 79
FTSE 100 6980.24 -0.83
DAX 11257.24 -0.36
 
Currency Market

Forex Signals: The ringgit opened higher against the US dollar today, after US President Donald Trump and his Chinese partner, Xi Jinping, consented to stop the trade war.

At 9.02 am, the ringgit was 50 points focus higher at 4.1770/1810 against the greenback from Friday’s end of 4.1820/1870.

Commodity Market

Gold Price trade steady after US dollar side against all other Asian currencies after halting of the trade war between the US and China.

Gold Daily Price Range: $1221-$1229