Kuala Lumpur: Bursa Malaysia stock prices opened Higher on Thursday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 0.80 points to 1,797.10 at 9 AM.
The trading volume was 45.82 million lots worth RM18.14 million. There were 198 gainers, 176 losers and 234 counters unchanged.
We have seen that the index is trending below its short-term 20-day SMA, possibly indicating some near-term return. We predict the index to hold at support levels 1,790 (S1) and 1,765 (S2), close to its 100-day SMA, which has proven to be active as a fairly resilient support. Meanwhile, resistances can then be found at 1,825 (R1) and 1,865 (R2).
The KLSE gainers stock segment report says, BAT rose 32 sen to RM 32.82, Aeon Credit 30 sen to R16, Vitrox 20 sen to RM8.50 while Petronas Gas added and HLFG added 16 sen each to RM19.16 and RM19.40. Gabungan AQRS warrants WB jumped 30 sen to 30.5 sen. Press Metal gained 10 sen to RM5.06, Pos nine sen to RM3.55 and Alcom 7.5 sen to 65.5 sen.
The KLSE loser stock list including F&N which fell the most, down 48 sen to RM 37.26, Padini 11 sen lower at RM5.79, MAHB lost 14 sen to RM 8.64, Petron 10 sen to RM8.40 and Hartalega seven sen lower at RM6.47. PPB Group and LC Titan lost six sen each to RM16.80 and RM4.75.
The strong US dollar on the back of strong economic data, It climbed an 11-month top on the yen in an extremely impressive US economic data drove Exchequer yields to their highest since mid-2011, while Japanese stocks attempted to reclaim a 27-year peak.
The Nikkei added 0.4% on bets the falling yen would rise up sales and profits at Japan’s many exporters.
The Nasdaq index opens up today with 8,034.65 and precious close at 7,999.55 and HANG SENG index open with -61.86 points down at 27,029.40. MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.3% in response.
The RINGGIT opens lower on Thursday against the US dollar as investors stayed on the sidelines following the decrease in oil prices. The local currency stood at 4.1450/1500 against 4.1370/1410 recorded at Wednesday’s closing.
RINGGIT was traded higher against other major currencies, It slightly increased against the Singapore Dollar to 3.0008/0055 from 3.0092/0132 on Wednesday, and strengthened with the Euro to 4.7568/7634 from 4.7853/7916.
The local currency also rose against the Japanese Yen to 3.6229/6283 from yesterday’s 3.6344/6382 and gained against the British Pound to 5.3611/3696 from 5.3798/3870.
The oil prices will begin to fall before the end of the year. The benchmark Brent crude was recorded at US$85.85.