KLSE Stocks News: Bursa Malaysia Open Lower on Monday with the FTSE Composite Index down 1.41 points to 1,809.23

Kuala Lumpur: Bursa Malaysia share prices opened lower on Monday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 1.41 points to 1,809.23 at 9 am. The Investors on Bursa Malaysia diverted to profit-taking in this Monday morning session. The trading volume was 31.32 million lots worth RM12.08 million and there were 216 gainers versus 465 decliners and 300 counters unchanged.

Global Markets

The Bilateral trade talk programme between China and the US was canceled due to lack of positive leads to sustain the previous week’s rally. 
Key markets Japan, China, and South Korea were closed on Monday due to Autumn festivals and holidays.  Hong Kong’s Hang Seng index, which remained open, shed 1.25%.

Stocks Price Penetration

The Counters on the 30-stock index were mostly lower, led by Tenaga Nasional shedding 12 sen to RM15.56 and among other leading decliners, Sime Darby Plantation dropped nine sen to RM5.27, MAxis fell seven sen to RM5.81 and Digi shed five sen to RM4.79. 
The IOI gaining from 2 sen to RM4.50 in rose stocks. Petronas Gas adding 12 sen to RM19.12 and Telekom Malaysia adding one sen to RM3.22.

Dutch Lady Milk Industry BHD added RM1.30 to RM65.40, VItrox rose eight sen to RM7.78 and BAT gained eight sen to RM33.24 at the border market and United Plantation rose 38 sen to RM27.50 on the deal of its accession of plantation land from Pinehill Pacific, which jumped 12 sen to 56 sen.

Currency Stats

The ringgit was little changed against the US dollar at 4.1337. It rose 0.9% against the pound sterling at 5.4067 and 0.1% against the Singapore dollar at 3.0256.

Commodity Stats

The oil market jumped as Opec and Russia decided against lower oil prices ahead of US sanctions on Iran. WTI crude rose 81 cents to US$71.59 a barrel while Brent crude gained US$1.01 to US$79.81 a barrel.

 

KLSE News: KLCI DOWN 0.95%, DROPS BELOW 1800 LEVEL

KUALA LUMPUR: The FBM KLCI INDEX down below 1,800 points as foreign selling pressure on top valued blue chips companies still going on, continuing its losing streak for the 5th straight day.

At 17:00 , the 30-stock index closed 17.26 points, or 0.95% lower at 1,796.72. The index opened 7.42 points higher at 1,805.34 this morning.

The total number of decliners were more as compared to advances by the wide margin, with 703 losers to 270 gainers and 362 counters unchanged. Volume stood at to 2.9 billion units, valued at RM2.91bil.

KLCI-component stocks were overwhelmingly in the negative, with 22 of the stocks fell. The KLCI is 5.2% below its 52-week high of 1,896.03 reached on April 20.

Brokers said the performance of local market was in line with its regional peers. They added that the outlook for shares remained volatile as trade war fear continue on investors

Meanwhile, Bank Negara Malaysia has maintained the overnight policy rate at 3.25%. The central bank said the current level of the OPR is consistent with the intended policy stance. The ringgit fall 0.2% to 4.1475 against the US dollar.

On Bursa Malaysia, Stocks down Nestle fell 90 sen to RM146.50, British American Tobacco shed 62 sen to RM32.58 and Petronas Dagangan closed 32 sen to RM26.68.

Among the top counters, CIMB down 23 sen to RM5.87, Axiata fell 17 sen to RM4.48, Maybank declined 12 sen to RM9.87, Genting fell 17 sen to RM8.22 and Petronas Chemicals closed six sen lower at RM9.43.

Elsewhere in the region, Hong Kong stocks post the biggest downfall in 11 weeks on growth amid worries about China’s economy and the trade war. The Hang Seng index fell 2.6% to 27,243.85, while the China Enterprises Index lost 2.3% to 10,645.70 points.
Japan’s Nikkei 225 down 0.51% to 22,581, and China’s CSI300 index fell 2% to 3,298.14.

Malaysia Stocks News : Stocks Price Action and Technical Analysis

TA and FA for Malaysia Stocks

Malaysia Building Society:

Our Pivot point remains at 1.1.
Our inclination: the support wins as long as 1.1 is resistant.
Elective situation: over 1.1, search for 1.13 and 1.15.

Malaysia Building Society
The MACD is below its signal line and negative.
Short Term View
(Rise, Limited Rise, Consolidation, Limited Decline, Decline)
Decline
Change In Short Term View None
Medium Term View
(Bullish, Range, Bearish)
Range
Change In Medium Term View None

Remark: the RSI is underneath 50. The MACD is beneath its flag line and negative. The design is negative. In addition, the stock is exchanging under the two it’s 20 and multi-day MA (individually at 1.09 and 1.12). Malaysia Building Society is as of now exchanging close to its multi-week low at 1.01 came to on 12/12/17.

Malaysia Building Society chart 27-08-2018

 

POS Malaysia

The MACD is beneath its flag line and positive.

POS Malaysia
Alternative scenario: the upside breakout of 4.14 would call for 4.3 and 4.4.
Short Term View
(Rise, Limited Rise, Consolidation, Limited Decline, Decline)
Decline
Change In Short Term View None
Medium Term View
(Bullish, Range, Bearish)
Range
Change In Medium Term View None

0.85 is our Pivot point. Our inclination: target 0.56. Elective situation: over 0.85, search for 0.97 and 1.03.

Remark: the RSI is underneath 50. The MACD is underneath its flag line and positive. The MACD must enter its zero line to expect to assist drawback. Besides, the stock is exchanging under its multi-day MA (0.81) yet over its multi-day MA (0.72).

POS Malaysia chart 27-08-2018

 

The featured seven stocks with force at Bursa Malaysia’s evening market close today. Two stocks showed positive energy while five demonstrated negative force.

Stocks with positive force were:

Kobay Technology Bhd – up 10 sen at RM1.37

Majuperak Holdings Bhd – up 2.5 sen at 35.5 sen

Stocks with negative force were:

Asia Media Group Bhd – up 1 sen at 13 sen

Dayang Enterprise Holdings Bhd – up 2 sen at 79 sen

Inix Technologies Holdings Bhd – up 1 sen at 10 sen

Karyon Industries Bhd – up 1.5 sen at 22.5 sen

Pesona Metro Holdings Bhd – up 2 sen at 33 sen

The outline of stocks with force is produced utilizing a restrictive scientific calculation featuring stocks with a development in exchanging volume and cost. The calculation separates between stocks that display positive (+ve) energy and negative (- ve) force.

This outline isn’t a purchase or offer a proposal. It just reveals to you which stocks are seeing higher than typical volume and value developments.

Malaysian stocks are Available at Cheapest Rates

KUALA LUMPUR: Various stocks looking appealing on valuations are ascending as the FTSE Bursa Malaysia KLCI Index’s cost to-profit proportion has fallen underneath the verifiable normal of 16 times in the midst of kept offering by outside financial specialists, Credit Suisse examiner Danny Goh writes in the note.

The FBM KLCI’s cost-to-income (P/E) at 15.6 times on Credi Suisse gauges; plunged beneath verifiable normal just once in most recent five years when the government ended seaward exchanging of ringgit in 2016.

Stocks exchanging at or beneath worldwide money related emergency cost to-book levels incorporate Uzma, Mah Sing, SP Setia, Gamuda, CIMB, AirAsia Group, BAT, Genting, Genting Malaysia, Public Bank.

Offers offering over 5% profit yield incorporates Astro, Malakoff, Maybank, SP Setia, Telekom Malaysia, CIMB, BAT, Mah Sing.

Lucidity on plans to enhance financial position, monetary development, ties with China and Singapore, initiative at government-connected organizations and conclusion of uber ventures can lift slant. Source

7 Things to Do In a Volatile Stock Market

Yes, the market is sometimes volatile but the degree of its volatility adjusts over time. Over the short term, stock prices tend not to climb in nice straight lines. A chart of day-to-day stock prices looks like a mountain range with plenty of peaks and valleys, formed by the daily highs and lows.
Volatility refers to the upward and downward movement of price. For the first time in history a month ago, the almost 122-year-old Dow Jones Industrial Average (DJINDICES:^DJI) finished lower by in excess of 1,000 points during a single trading session not once, but twice — minus 1,175 points on Feb. 5, and minus 1,033 points on Feb. 8.
Besides, the Dow logged some of its most out of control intraday point swings since origin. All through its history, the Dow has moved more than 1,000 focuses intraday on seven events. Four of its five broadest intraday swings happened over a traverse of only one week in February, including a drop of almost 1,600 focuses at its top on Feb. 5, 2018.

7 Things to Do During a Volatile Stock Market

Malaysia stock tips here are seven things long-term investors should do during a volatile market:
1. Breathe
The main thing you’ll need to do is inhale and not do anything rash, similar to offer the greater part of your stocks. It’s improbable your whole speculation proposition will disentangle in light of the fact that money markets have been unstable, regardless of what number of focuses the Dow or expansive based S&P 500 (SNPINDEX: ^GSPC) lose amid a solitary session.

2. Realize this is normal
Understand that stock market corrections with a step back are the next step — defined as a decline of 10% or more from a recent high — are perfectly normal. The S&P 500 has undergone 36 remedies since 1950, working out to about one every two years. Be that as it may, staying with that greater picture see, the S&P 500 has likewise spent around threefold the number of days (more than 18,000) arousing or in positively trending market mode in respect to the roughly 6,600 it’s spent in adjustment or bear showcase region since 1950. Despite how quick or unstable the decreases have been, positively trending market arouses have inevitably eradicated each of the 35 past revisions (not including the present one).

3. Put the volatility into context
Third, you have to put the instability and decreases you’ve been seeing into the setting. At the end of the day, quit concentrating such a great amount on nominal point swings, in spite of the awe that 1,175-point decay may bring, and center around the rates that underlie them. In all actuality, not a solitary decrease in the Dow has topped 4.6%during the corrections, which is no place close to the 20 most terrible single-day rate exhibitions ever for the notable list. Truth be told, we’d need to go back just about 10 years to locate the last time the Dow had a genuinely bad day (Dec. 1, 2008).

Malaysia stocks trading tips

4. Reassess your investment theses
Fourth is the, By explicitly writing down an investing thesis – specific goals for each investment in a portfolio – anyone can become better prepared to make decisions, re-allocate funds and analyze their performance over time. Of course, when the stock market is going up in an orderly fashion, this isn’t often a priority. With the market considerably more volatile than it was in 2017, now is the ideal time to guarantee that your speculation proposals still remain constant. In the event that they don’t for a stock or stocks, at that point it could be an ideal opportunity to think about offering.

5. Add dividend stocks to your portfolio (High Dividend Stocks Malaysia)
In the stock market, nothing is successful; dividend stocks have historically run circles around non-dividend-paying stocks because dividend stocks often have a time-tested business model. A company wouldn’t pay a dividend, Profits can likewise help fence against the inescapable stock market, and they can be reinvested in much more profit paying stock, which can quicken riches creation.

high dividend stocks Malaysia

6. Consider taking new positions or adding to existing holdings
So, here we are discussing, consider taking new positions or adding to existing positions anytime the stock market dips considerably. The stock market has erased all previous 35 corrections, within the weeks or months. But you won’t make money with every stock you invest in, simply we know that high-quality businesses increase wherein value over time should allow you to do something to do well if you maintain a long-term view.

7. Wean yourself off of margin
At last, happen to be using margin to invest beyond simply short-selling equities, consider this volatility as a reminder to stop that! While utilizing margin can result in bigger-than-expected gains, it can also be a path to losses when corrections do unavoidably strike. It’s a bet not worth taking.

EUR/USD Facing First Selling of 2018

Forex Trading Alerts:

The US, UK Inflation to Set the Tone for FX Markets Next Week.

EUR/USD Technical Analysis: Euro Top Maybe in Place versus the US Dollar.

The Euro has been a cargo prepare for a great part of the time since a year ago’s open, continually chugging-higher even in light of bearish drivers. Since setting a 14-year low on simply the second exchanging day of a year ago, bulls assumed control and have to a great extent been in-charge from that point onward. This happened while the European Central Bank was apparently talking the money bring down all through 2017, consistently saying that they weren’t exactly prepared to start plotting for the finish of QE. By and by, business sectors kept on expecting some unavoidable get off of uber-free financial strategy, and in January we, at last, heard some acknowledgment from the ECB on the issue.

EUR/USD Trading Alerts:
However, in a peculiar bit of occasions, that notice, which ought to be a Euro-positive given the potential for more grounded rates in the economy, may really be carrying some shortcoming into the single money. We still can’t seem to test the highs that came in on the morning of ECB, and from that point forward we’ve seen a work of lower-highs combined with new lower-lows; giving the value activity appearance of a more profound short-side move. The relationship here would be one of the worldwide ramifications, where the European Central Bank beginning to pull back on jolt makes a touch of dread in hazard showcases around the globe as we have another real Central Bank moving towards more tightly approach. This has brought higher yields in US Treasuries, and those higher yields are making fears around lifted valuations in the value space. The ECB would join the Fed in their way of fixing strategy, leaving just the Bank of Japan among the real Central Banks currently pushing QE into worldwide markets without some kind of decrease or slow down arranged. Source

Crude Oil may fall due to USA Government Shutdown Rumours

Crude Oil Trading Alerts:

Crude Oil costs decrease close to values as market estimation sours

Gold costs edge up as Treasury security yields decrease in hazard off-exchange

Raw petroleum costs fell as hazard craving decayed once more on Wall Street. The WTI benchmark took after the S&P 500 lower in a move that the newswires connected to proceeded with stresses over forceful money related fixing. The sharp bounce in wage expansion announced in January’s US work insights has stirred feelings of dread of a more extreme rate climb cycle than already anticipated. Gold costs bounced back from intraday lows as the hazard of temperament converted into a drop in security yields, boosting the interest of non-enthusiasm bearing choices.

Looking forward, a dull offering on the financial logbook appear to be probably not going to establish a connection with speculators. Bread cook Hughes fix to consider information, as well as ICE and CFTC theoretical situating measurements, are on tap, yet these are infrequently showcased moving. The possibility of another US government shutdown may overwhelm the spotlight. A preservationist unforeseen inside the Republican party is deferring section of a bipartisan spending bargain, saying it adds excessively to the deficiency. The nonappearance of a fast accord may compound hazard avoidance.

Crude Oil Technical Analysis

Raw petroleum costs keep on pushing lower, with a break underneath the 23.6% Fibonacci retracement at 60.84 preparing for a test of the 38.2% level at 57.25. On the other hand, an inversion back over 60.84 – now recast as protection – uncovered the 14.6% Fibat 63.05 another. Source

Market Watch Klse- US Dollar Up on Jobs Data, Euro Eyeing Germany

Market Watch Klse:

The US Dollar took off against its significant partners on Friday, floated by superior to anything expected US work showcase information. The slant connected Australian, Canadian and New Zealand Dollars followed a precarious drop in stock costs.

Hazard avoidance brought US shares their biggest one-day drop in 16 months. The newswires refered to fears of a more extreme Fed rate climb cycle as the impetus for the selloff. The lastingly hostile to chance Japanese Yen and Swiss Franc properly progressed.

The Euro encouraged as German Chancellor Angela Merkel arranged for the last round of coalition chats with the adversary SPD party with an end goal to secure a fantastic coalition government for the Eurozone’s biggest economy. The single money scored picks up versus the majority of the majors with the exception of the greenback.

Retail broker information demonstrates 27.0% of dealers are net-long NZD/USD, with the proportion of merchants short to long at 2.7 to 1. Truth be told, merchants have stayed net-short since Jan 05 when NZD/USD exchanged almost 0.70972; cost has moved 3.6% higher from that point forward. The quantity of brokers net-long is 1.9% lower than yesterday and 16.9% higher from a week ago, while the quantity of merchants net-short is 3.1% lower than yesterday and 7.9% higher from a week ago.

We normally take a contrarian view to swarm supposition, and the reality dealers are net-short proposes NZD/USD costs may keep on rising. However dealers are less net-short than yesterday and contrasted and a week ago. Late changes in notion caution that the current NZD/USD value pattern may soon turn around bring down in spite of the reality dealers stay net-short.Source

EURO may Fall on ECB Results

EUR Trading Alerts:

Euro may fall as ECB minutes cool wagers on QE reduction

BOE monetary conditions overviews far-fetched to support Pound

Aussie Dollar picks up on retail deals information, Yen pulls back

ECB money related strategy meeting minutes feature the financial timetable in European exchanging hours. Markets are scouring for indications of boost withdrawal over the G10 space – as plentifully showed in the Yen’s response to the standard change in BOJ security take-up – and any analysis proposing Mario Draghi and friends may adjust the way of QE buys speedier than publicized will probably drive Euro unpredictability.

Forex Signals: The ECB’s present €30 billion/month QE program is expected to lapse in September. Policymakers and markets most likely concur that a sudden end isn’t alluring. That leaves two choices on the table: bond purchases might be decreased into the current end date or the whole program might be expanded, considering a slow move off into the year-end (and conceivably past). The ever-careful ECB would likely select the second way.

Forex Trading Alerts: This accepts the ECB does not think that its fitting to give more jolt and broadens QE without a decreasing part in any case. Truth be told, President Draghi’s current proclamations have indicated that buys are in actuality open-finished, with September denoting a period when markets will be formally refreshed on the program’s destiny instead of an end date. The single cash may fall if the present discharge echoes that feeling.

The Bank of England Credit Conditions and Bank Liabilities reviews are additionally because of cross the wires. A touch of fixing has justifiably occurred since a year ago’s rate climb, however, general loaning conditions stay accommodative. In the meantime, swelling keeps on quickening. Brexit-related stresses will most likely weaken a clearly hawkish position, be that as it may, restricting the reports’ extension to help the British Pound.

The Japanese Yen turned comprehensively bring down in Asia Pacific exchange, with costs apparently adjusting after another solid day in all-out attack mode. In the meantime, the Australian Dollar exchanged extensively higher after a great arrangement of retail deals information. The money energized nearby neighborhood security yields, indicating the ruddy result filled a hawkish move in RBA premium climb desires. An expansion isn’t normal before August be that as it may. Source

API Inventory Data Push Crude Oil Prices Up

Crude Oil Trading Alerts 
Unrefined petroleum costs take off as API reports huge 11.2mb drop in US inventories

Gold costs pull back to run floor yet a persuading breakout still tricky

What are the powers driving long haul unrefined petroleum value patterns? Discover here

Unrefined petroleum costs surged as API detailed a monstrous drawdown of inventories, saying reserves shed 11.2 million barrels a week ago. Official EIA measurements due later today are required to demonstrate a much more humble 3.4 million barrel outpouring. In the event that the acknowledged outcome slashes nearer to the API projection, costs may discover the degree to keep fabricating upward.

Gold costs edged lower, burdened by a parallel surge in Treasury security yields and the US Dollar that undermined interest for non-enthusiasm bearing and hostile to fiat resources. The path forward is somewhat obfuscated be that as it may. A solitary impetus for yesterday’s turn was not promptly evident, making it hard to recognize scope for the finish. A clearer picture may develop after Friday’s arrival of US retail deals and CPI information.

Crude Oil TECHNICAL ANALYSIS – Crude oil costs punched above protection at 62.31, the 38.2%Fibonacci development, to uncover the half level at 64.32. A further push past those objectives the 61.8% Fib at 66.33. On the other hand, a move back underneath 62.31 – now recast as help – makes ready for a retest of the 23.6% development at 59.83 as help.

GOLD TECHNICAL ANALYSIS – Gold costs pulled back yet remained bolted inside a now-commonplace range over the $1300/oz figure. Negative RSI disparity keeps on notice of a bigger fixing in progress. A day by day close underneath the 61.8% Fibonacci retracement as 1311.34 uncovered the half level at 1297.08. On the other hand, a push over the 76.4% Fib at 1328.98 opens the entryway for a test of the September 8 high at 1357.50.