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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.

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).

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.

Malaysia Stock Picks- KLCI inches higher early Tuesday on Petronas, Genting picks up

KUALA LUMPUR: Petronas Dagangan, Genting Bhd and Sime Darby supported the FBM KLCI’s (Malaysia Stock Picks) initial progress on Tuesday in front of the Budget 2018 recommendations to be declared on Friday.

At 9.16am (Bursa Malaysia Stock Picks),

the KLCI was up 3.01 focuses or 0.17% to 1,744.48. Turnover was 214.73 million offers esteemed at RM110.63mil. There were 164 gainers, 134 failures and 237 counters unaltered.

Asian offers held inside striking separation of late decade highs on Tuesday (Bursa Malaysia Trading Signals) even as Wall Street tumbled from record levels, while monetary forms kept to limit runs in front of key financial occasions, Reuters revealed.

MSCI’s broadest list of Asia-Pacific offers outside Japan was 0.1% firmer at 549.71, not a long way from a 10-year high of 554.63 set a week ago.

Australian offers

additionally edged higher and back toward a 5-1/2 month top addressed Monday, while Japan’s Nikkei fell 0.2% from a 21-year high.

With respect to Bursa Malaysia (Malaysian Stock Picks), Hong Leong Investment Bank (HLIB) Research said mid-to-vast top stocks may even now merge sideways in front of the Budget 2018 proposition this Friday.

It additionally anticipated that

lower liners related would innovation divisions could in any case be exchanged effectively.

“Likewise, we see a pickup in exchanging volumes on coordinations players, for example, Century Logistics and Xinhwa.

“Any adjust LRT3 contracts to be granted may add to reestablished exchanging enthusiasm among development stocks,” it said.

Petronas Dagangan added 28 sen to RM24.26, KL (Bursa Malaysia Stock Tips) Kepong picked up 18 sen to RM24.58, Genting Bhd 10 sen to RM9.45, Sime Darby nine sen to RM9.20 while Petronas Gas propelled eight sen to RM18.28 with only 100 offers done.

Denko Industrial

hopped 27 sen to RM1.55. Its official director and controlling investor Datuk Seri Foo Chee Juan intends to infuse his exclusive accuracy plastic infusion forming firm into Denko at a demonstrative cost of RM1.19bil.

Adventa included 10 sen in rising exchange on reports Top Glove may to purchase the glove producer. Top Glove lost nine sen to RM6.59 on benefit taking.

BAT fell 60 sen to RM42 after its second from last quarter income fell by 33%.

Tenaga and Yinson lost six sen each to RM14.24 and RM3.92.

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Malaysia Share Market: KLCI edges higher at an opportune time Tuesday, oil costs plunge

KUALA LUMPUR: Malaysia Share Market– Blue chips squeezed out little increases early Tuesday, with Petronas Dagangan and MISC among the gainers supporting the FBM KLCI’s progress, yet trailing behind the rally on the key Asian markets.

At 9.55am (Malaysia Share Market),

the KLCI was up 1.44 focuses or 0.08% to 1,784.18. Turnover was 657.32 million offers esteemed at RM316.42mil. There were 335 gainers, 213 failures and 306 counters unaltered.

Asian offers joined a worldwide values rally, hitting a 10-year top on Tuesday with financial specialists breathing a moan of alleviation as North Korean feelings of dread facilitated marginally and the most dire outcome imaginable from Hurricane Irma hoped to have been kept away from, Reuters announced.

MSCI’s broadest list of Asia-Pacific offers outside Japan increased 0.1% to its most abnormal amount since late 2007. Japan’s Nikkei rose 1%.

Hong Leong Investment Bank (HLIB) Research

said the exchanging tone on the nearby bourse would be genuinely comparable with the overnight execution on Wall Street and the KLCI could broaden its increases towards 1,790.

“Merchants may investigate wares related segments, for example, steel, oil and gas and estates for the present on the back of firmer fundamental product patterns,” it said.

In the mean time, oil costs edged down in early Asian exchanging, as merchants weighed up the hosing impact on request of Hurricane Irma versus refinery restarts following Hurricane Harvey that should prompt more raw petroleum handling, Reuters detailed.

Brent rough

was down eight pennies to US$53.76 per barrel and US West Texas Intermediate fell three pennies to US$48.04 a barrel.

Settle was the best gainer, up 60 sen to RM85.50 with 100 offers done however Dutch Lady fell 50 sen to RM58.80 with 700 offers, BAT lost 22 sen to RM43.56 with 1000 units exchanged and Ajinomoto was down eight sen to RM19.04.

Hengyuan rose 19 sen to RM8.40 and Petron 15 sen to RM9.98. Petronas Dagangan added 12 sen to RM24.32 and MISC nine sen to RM7.38.

Lafarge rose 15 sen to RM6.30 as investo4s looked past its baffling outcomes and trusted that the development occupations would give the impetus.

KESM added eight sen to RM14.82 yet MPI fell 10 sen to RM13.90. Willowglen was eight higher at RM1.40.

Genting Plantations fell 16 sen to RM10.50 while Takaful, HLFG and Pos lost six sen each to RM3.87, RM17 and RM5.54 individually.

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Best stocks trading signals – KLCI stages mild rebound on Friday

KUALA LUMPUR: Blue chips arranged a gentle bounce back on Friday after the benefit taking by nearby organizations the earlier day (best stocks trading signals) while Ekovest figured out how to squeeze out a few increases after it guaranteed financial specialists the essentials were strong.

At 10.30am (best stocks trading signals)

The KLCI was up 2.91 focuses or 0.17% to 1,761.58. Turnover was 875.59 million shares esteemed at RM470.55mil. There were 446 gainers, 191 washouts and 340 counters unaltered.

The ringgit debilitated against the US dollar, sliding 0.17% to 4.334 from 4.326 yet year-to-date, it was up 3.48% to 4.334 from 4.4845.

Asian stocks declined for a third sequential day on Friday as crisp falls in products raised worries about the soundness of the worldwide economy, however the euro kicked the expansive shortcoming on subsiding worries about France’s presidential decision, Reuters revealed.

MSCI’s broadest record of Asia-Pacific shares outside Japan fell 0.4 percent on Friday and was exchanging at its most reduced level since April 25.

Oil costs were marooned almost five months lows on Friday after a close to 5 percent fall in the past session on worries over rising U.S. supply, wiping out the greater part of the value picks up since OPEC’s turn to check yield, Reuters said.

Tumbling costs would likely compel OPEC individuals to augment creation cuts not long from now, yet the prospect for more profound cuts seemed thin, experts said. Best stocks trading signals

Brent unrefined prospects crept up three pennies at US$48.41 per barrel while US West Texas Intermediate (WTI) raw petroleum fates increased one penny to US$45.53.

At Bursa,

Ekovest added eight sen to RM1.25 with almost 50 million shares done in the wake of hitting limmit-down early Thursday.

MPI was the top gainer, up 48 sen to RM12.58, SAM Engineering picked up 23 sen to RM6.74 while JHM added 15 sen to RM4.52. KESM shed six sen to RM12.66.

Low profile ECM Libra hopped 22 sen to 62.5 sen after it reported its proposed securing.

With respect to purchaser stocks,

Nestle acded 20 sen to RM82.40 while BAT and Ajinomoto picked up 14 sen to RM45.54 and RM18.50 yet Dutch Lady fell eight sen to RM58.70 . MSM added 16 sen to RM4.60 in thin exchange.

Tan Chong fell five sen to RM1.85 after it posted a more extensive center net misfortune on a year-on-year premise in 1Q17 because of frail deals execution and the outcomes missed the mark concerning both CIMB Equities Research and accord desires.

TCM additionally recorded a successively bigger center net misfortune at RM31.4mil in 1Q17 versus RM1.2mil in 4Q16 due to on-going edge pressure from forex unpredictability and lower deals.

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Asian shares edged lower on Thursday and the dollar bounced back after Federal Reserve Chair Janet Yellen indicated that financing costs in the United States could rise rapidly this year. – Financial advisor services in malaysia

The dollar had been pounding lower in late sessions, dropping to its weakest levels since early December after U.S. President-elect Donald Trump communicated worries about a more grounded greenback.

Financial specialists have additionally stayed restless in front of Trump’s initiation on Friday, with many utilizing it as a reason to forget about some cash.

Yellen said in a discourse to the Commonwealth Club of California in San Francisco on Wednesday that holding off too long to start raising rates could “chance an awful astonishment not far off,” and that it “bodes well” for the Fed to bit by bit lift rates.MSCI’s broadest file of Asia-Pacific shares outside Japan crept 0.1 percent bring down in early exchange.

On Wall Street, more grounded money related shares pushed up the S&P 500, however the Dow Jones Industrial Average edged down.

Japan’s Nikkei stock record was up 1 percent, lifted by the weaker yen’s tailwind. Financial advisor services in malaysia

“The dollar obviously ascended on Yellen’s comments,” said Mitsuo Imaizumi, boss cash strategist at Daiwa Securities in Tokyo. “Be that as it may, with tomorrow’s initiation of Trump ahead, Japanese financial specialists still may take a mindful position today.”

While advertise members expect the approaching U.S. organization to set out on jolt approaches that would lift development and expansion and keep the Fed on course for rate climbs, numerous speculators are additionally worried about the potential aftermath of Trump’s protectionist position.

The dollar file, which tracks the greenback against a wicker container of six noteworthy partners, rose 0.4 percent to 101.31.

The dollar was firm against the yen at 114.66, moving admirably above from the past session’s low of 112.57 yen.

The euro was additionally enduring on the day at $1.0632 in front of the European Central Bank’s standard arrangement meeting later in the session, after the ECB shocked markets a month ago by saying it would trim its month to month security buys in April.

None of the business analysts surveyed by Reuters a week ago expected any change at Thursday’s meeting. They were consistent in saying that the ECB’s best course of action, after April’s arranged cut, is further decrease its quantitative facilitating.

Unrefined petroleum costs reclaimed ground lost in the past session when the dollar reinforced. A more grounded dollar makes dollar-named items more costly for holders of different monetary forms.

U.S. rough added 0.7 percent to $51.46 per barrel, in the wake of shedding 2.67 percent on Wednesday. – Reuters

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SKH
SILKHLD
AIRASIA
MBWORLD

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Recommendation for SGX investors.

AA
ALLIANCE MINERAL
MERMAID MERITIME
EQUATION

SGX INTRADAY SIGNALS: BUY AA AT 0.042 TARGET 0.044, 0.046 SL 0.039

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KLSE Stock Signals – KLCI wavers early Friday

KUALA LUMPUR: Blue chips faltered early Friday following two days of outside purchasing as speculators hoped to assets to give the bearing while the ringgit slipped against the US dollar. (KLSE Stock Signals)

At 10am, (KLSE Stock Signals)

The KLCI was down 0.38 of an indicate or 0.02% 1,677.38. Turnover was 571.81 million shares esteemed at RM245.87mil. There were 212 gainers, 239 washouts and 309 counters unaltered.

The ringgit fell 0.09% to 4.4600 to the US dollar from 4.4560 the earlier day.

Securities exchange information indicated outside assets were net purchasers for the second day on Thursday with net purchasing at RM130.18mil while nearby retail financial specialists were net dealers at RM37.69mil and neighborhood establishments at RM92.94mil.

To recap,

Kenanga Investment Research said with the firmer Ringgit against the greenback (RM4.4598/US$) facilitating financial specialists’ estimation after Donald Trump neglected to give clarity over his strategy arranges, the KLCI figured out how to move up 2.55 focuses (0.15%) to close at 1,677.76 on Thursday

“Regardless of the positive value activity yesterday, the fundamental record is still just retesting its prompt resistance level of 1,680 (R1).

“The positive-inclination standpoint is still solidly upheld by the slanting MACD. From here, a persuading break over the 1,680 (R1) level would permit the KLCI to set sight at 1,692 (R2) next.

“In the mean time,

failure to take out the R1 level would bring about the key list proceeding on its solidification course inside 1,665-1,680. Drawback backings are situated at 1,665 (S1) and 1,657 (S2),” said Kenanga Research.

Oil costs were consistent on Friday, upheld by reports on subtle elements of OPEC yield cuts, despite the fact that waiting questions over maker consistence with supply decrease targets weighed available, Reuters announced.(KLSE Stock Signals)

US West Texas Intermediate (WTI) raw petroleum fates were exchanging at US$53.01 per barrel at 0052 GMT, unaltered from their last settlement.

BAT surrendered about 33% of the earlier day’s additions, falling 62 sen to RM47.88 while Dutch Lady lost eight sen to RM54.62 yet Nestle added 18 sen to RM76.

HLFG fell 10 sen to RM14.98,

LTKM and Padini seven sen each to RM1.25 and RM2.43 and Petronas Dagangan six sen bring down at RM23.74. (KLSE Stock Signals)

Joined Plantations climbed 20 sen to RM27, UliCorp 11 sen higher at RM3.86, LPI 10 sen up to RM17.30 and PIE six sen to RM1.77 while TimeCom added five sen to RM8.05.

Stock Picks Malaysia – Breakfast briefing on Wednesday (December 28)

MarketWrap: US stocks climbed somewhat on Tuesday, upheld by cheery shopper and lodging information, with additions in innovation offers lifting the Nasdaq Composite to a record close. At a little more than four billion shares exchanged, it was one of the most reduced volume sessions of 2016. Volume crosswise over business sectors is required to keep on being feeble through the end of the year. – Reuters (Breakfast briefing: Wednesday, December 28 – (Stock Picks Malaysia)

The DJIA rose 11.23 focuses, or 0.06%, to 19,945.04, the S&P 500 increased 5.09 focuses, or 0.22%, to 2,268.88 and the Nasdaq included 24.75 focuses, or 0.45%, to 5,487.44.

Forex outline –

*The ringgit lost 0.04% to 4.4810 for each US$

*It was 0.16% lower at 4.6887 for each euro

*Down 0.11% to 5.5059 for each pound sterling

*Down 0.03% to 3.0934 for each Singapore dollar

*0.11% lower to 3.2236 for every Aussie

*0.09% higher at 3.8108 for every 100 yen

Vitality

Oil increased 1.5% on Tuesday, proceeding with its year-end rally with support from desires of more tightly supply once the principal yield cut arrangement amongst Opec and non-Opec makers in 15 years produces results on Sunday. Brent rough LCOc1 settled up 93 pennies, or 1.7%, to US$56.09 a barrel. – Reuters

Beat remote stories

Toshiba banners hit of ‘billions of dollars’ on US atomic obtaining: Toshiba Corp said it might need to book a few billion dollars in charges identified with a US atomic power plant development organization securing, sending its stock tumbling 12% and reviving worries about its bookkeeping sharpness. – Reuters

Abbott gets US antitrust endorsement to purchase St Jude Medical: Healthcare organization Abbott Laboratories has won US antitrust endorsement for its proposed US$25 billion securing of therapeutic gadget producer St Jude Medical Inc, the US Federal Trade Commission said on Tuesday. – Reuters

Australia’s Woolworths offers petrol fasten to BP for US$1.3b: Australia’s top food merchant Woolworths Ltd said on Wednesday it will offer its bind of petrol stations to BP plc for A$1.8 billion (US$1.3 billion), the most recent transfer in an offer to give back the organization’s concentration to its center grocery store business. – Reuters

Japan Inc could guarantee edge in abroad arrangements as China confronts limitations: Japan Inc may turn into a more vital constrain in dealmaking one year from now as its got the money for up organizations try to purchase development prospects somewhere else on the planet and as Beijing’s crackdown on capital surges keeps some Chinese organizations from making outside acquisitions, financiers and legal advisors said. – Reuters

Best nearby stories

Tang family’s offer for The Store turns unlimited: The Tang family, which is looking to purchase out The Store Corp Bhd, has secured acknowledgments for 59% of the organization’s value, making their offer unqualified regardless of its share value shutting higher than the crisp offer cost of RM3.70 per share. The Store offers shut at RM3.75 on Tuesday. – StarBiz

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Bhd & Western Union have launched the first digital remittance service in Malaysia

KUALA LUMPUR: Malayan Banking Bhd (Maybank) and Western Union have launched the first digital remittance service in Malaysia via its Maybank2u mobile banking App.

Maybank said on Wednesday the service enables Maybank customers to transfer money to more than 500,000 Western Union agent locations in over 200 countries and territories.

Available 24 hours a day, seven days a week including public holidays, the service allows customers to transfer up to RM10,000 in a day. Recipients are able to receive money quickly after it is wired by the sender.

The new service will reinforce Maybank’s online leadership and help the bank to grow its business of enabling transactions on digital platforms.

Maybank group head, community financial services, Datuk Lim Hong Tat said this new service reflects the same commitment the bank has as Western Union in providing consumers the best in cross-border financial services.

“Maybank customers are now able to enjoy fast, convenient and reliable cross-border remittance transfer services digitally around the world.”

“We have revolutionised the money transfer processes for Maybank customers when comparing with current practice where they need to visit a Western Union Agent location in order to transfer money. Now, all they need to do is log in to the M2u App and select the Western Union service, and they are good to go,” Lim added.

Maybank has the highest digitally engaged customer base, logging in and transacting far more than its peers.

Maybank is the leading mobile banking provider in the country with 62% of all mobile banking transactions in the Malaysian market, which is performed via the Maybank2u App.

Western Union vice president for key initiatives, Middle East, Africa, Asia Pacific, Eastern Europe and Commonwealth of Independent States, Bassem Awada said the mobile banking app would “not only grow our relationship with Maybank, but also strengthens our position in Malaysia’s cross-border money transfer market”.

He added the combination of Maybank’s strong presence in digital banking and Western Union’s growing digital network, geographic reach and ability to exchange in 130 currencies enables us to move money quickly and reliably.

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U.S. prosecutors said on Friday

U.S. prosecutors said on Friday that a FBI operator had admitted to being a “noteworthy source” of spilled data to writers covering an insider exchanging test including a celebrated around the world Las Vegas sports speculator and additionally proficient golfer Phil Mickelson.Federal prosecutors in Manhattan, who are seeking after the body of evidence against player William “Billy” Walters, said in a letter recorded in Manhattan government court that the specialist had confessed to being a hotspot for The Wall Street Journal and The New York Times.

Manhattan U.S. Lawyer Preet Bharara’s office has alluded the matter to the U.S. Equity Department’s Office of Inspector General, and the Federal Bureau of Investigation has reported the specialist to its Office of Professional Responsibility, the letter said.

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