Bursa Malaysia Market Watch- 26th Nov to 30th Nov 2018

KLCI Expected To Trade On Negative Note Taking Cues From Global Market Crude Oil Be The Major Factor

Kuala Lumpur: Bursa Malaysia finished week higher in quiet trade with the mixed setup as profit taking all through the trading session. In the end, the FTSE Bursa Malaysia KLCI (FBM KLCI) gains 0.26 of-a-points to close at 1,695.88 from Thursday’s close of 1,695.62. On weekly basis, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) settled 10.5 points lower at 1,695.88.

The benchmark index trade in a range of 1,689.14 and 1,696.54

Sector-specific, Finance index rose 12.92 points to 17,314.59, the Industrial Products and Services Index e down 1.55 points to 172.46 while the Plantation Index was 74.49 points down at 7,182.15.

The index is expected to continue its downside next week, dampened by the investors’ wait-and-see attitude, profit-taking and caution ahead of the outcome of the US and China trade discussions will key point. The market was mainly influenced by the performances of the US and European market, as well as the crude oil prices.

Last Week’s Top Active Stocks

Name Volume
SAPNRG 18,17,22,800
MYEG 17,99,46,200
JAKS-WR 17,59,49,100
HIBISCS 14,30,32,800
SANICHI-OR 13,69,43,400

Last Week’s Top Gainer

Name Price Change
ALLIANZ 12.5 0.66
NESTLE 147.5 0.5
UMW 5.1 0.39
MUDA 2.11 0.27
PHARMA 3.08 0.22

Last Week’s Top Gainer

Name Price Change
KESM 8.88 -1.88
POS 2.39 -0.84
MPI 11.24 -0.8
CARLSBG 19.08 -0.52
HENGYUAN 5.2 -0.47


Global Market News:

U.S. stocks ended lower in a short weekly trade on Friday as the fresh downside in oil prices and the benchmark S&P 500 start the second correction of 2018.

The U.S major indexes fell well more than 3 percent for the week, with the Dow industrials and the Nasdaq posting their greatest week after week rate decline since March.

The S&P 500 finished about 10.2 percent down from its Sept. 20 record high.


Bursa Malaysia Market Technical Forecast:

FTSE Malaysia KLCI

Bursa Malaysia Market Watch

As per Daily chart of KLSE, it trading below all moving averages positive close above 20 MA @1700 will bring upside to the level of 1710-1725. Below 1700 major support comes to 1682 and 1670.

UMW (4588)

UMW is among top volume gainers of week and trading and closed above short-term moving averages and gives breakout above 4.80 levels. Stock can further rise to 5.50-6.00 level with major support come to 4.60 levels.

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