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

Klse Share Price- Tenaga supports KLCI’s additions early Wednesday

KUALA LUMPUR: Tenaga Nasional supported the FBM KLCI’s (Klse Share Price) bounce back early Wednesday, following the firmer key Asian markets yet financial specialists could be vigilant because of the weaker general specialized standpoint for the 30-stock file.

At 9.29am (Klse Share Price),

the KLCI was up 4.24 focuses or 0.25% to 1,718.66. Turnover was 257.75 million offers esteemed at RM135.26mil. There were 253 gainers, 174 failures and 219 counters were unaltered.

Reuters revealed Asian offers rose and the dollar held firm on Wednesday after Wall Street shot to record crests in the midst of indications of advance on US tax reductions, cheery financial information (Bursa Saham Malaysia) and bank-accommodating remarks from the future leader of the Federal Reserve.

MSCI’s broadest record of Asia-Pacific offers outside Japan edged up 0.1% in early exchange. Japan’s Nikkei included 0.5%, while Australia’s principle list rose 0.7%.

Kenanga Investment Research said because of the flow general specialized picture, the KLCI (Malaysia Stock Market) was one-sided on the drawback and following Tuesday’s turn, anticipate that it will break beneath the help level of 1,714 (S1) soon.

“Enter markers stay in negative state with graph design doesn’t give any significant flag of potential bullish inversion.

“From here, any further shortcoming, a solid mental hindrance at 1,700 (S2) could give another help level (Forex Market). On the other hand, should advertise enhances, upside protections can be found at 1,734 (R1) and 1,750 (R2),” it said.

Among the purchaser stocks, Nestle bounced RM3.70 to RM98.86 in front of incorporation into the MSCI Malaysia record. Dutch Lady added 60 sen to RM60. In any case, BAT fell 24 sen to RM36.62 and Carlsberg lost 18 sen to RM14.82.

Tenaga rose 16 sen to RM15.14, PPB Group and Southern Steel 14 sen each to RM16.78 and RM2.35 (Klse Stock) while Hengyuan picked up 12 sen to RM10.52. Petronas Dagangan 10 sen higher at RM23.94.

MPI fell 14 sen to RM12.96 and UMW seven sen bring down at RM5.23.

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3. VS


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Klse Stock- KLCI climbs early Wednesday, Petronas Dagangan lifts

KUALA LUMPUR: Blue chips expanded their additions early Wednesday (Klse Stock), with Petronas Dagangan giving the driving force while the more extensive market enhanced and the ringgit kept on progressing against the US dollar.

At 10.21am (Klse Stock),

the FBM KLCI was up 5.77 focuses or 0.34% to 1,726.45. Turnover was 600 million offers esteemed at RM368.19mil. There were 385 gainers, 227 failures and 292 counters unaltered.

The ringgit picked up quality against the US dollar, climbing 0.38% to 4.123 from the earlier day’s end of 4.138.

Japan’s Nikkei share

normal rose on Wednesday morning, floated by picks up in expansive top stocks, for example, SoftBank, Fanuc and money related organizations as worldwide development trusts lifted the disposition crosswise over world markets (Bursa Saham Malaysia). The Nikkei increased 0.8% to 22,596.84 in midmorning exchange, Reuters announced.

Oil costs solidified on Wednesday after an announced fall in U.S. rough inventories and on desires that an OPEC-drove generation cut went for fixing the market will be reached out past March 2018, Reuters revealed.

Brent rough prospects rose 24 pennies to US$62.81 per barrel and US West Texas Intermediate (WTI) unrefined fates picked up 48 pennies to US$57.31 a barrel.

Petronas Dagangan rose the most (Malaysia Stock Market), up 64 sen to RM23.94 while Hengyuan added 18 sen to RM10.

KESM bounced back 46 sen to RM19.76, MPI 20 sen to RM13.30.

With respect to glove producers (Klse Share Price), Hartalega and Top Glove rose 17 sen each to RM8.81 and RM6.67.

Palette Multimedia bounced 3.5 sen to 35 sen in dynamic exchange. Creador Sdn Bhd originator and CEO Brahmal Vasudevan has risen as a considerable investor with a 5.21% stake.

Heineken rose 38 sen to RM17.70 yet Carlsberg fell 18 sen to RM14.80, Kawan Food was down 18 sen to RM2.92.

Genetec lost 13 sen to RM1.05 and FLBhd eight sen bring down at RM1.35 while PMB Tech wa dpwn seven sen to RM4.10 (Forex Market).

PPB Group slipped 12 sen to RM16.76 and SOP eight sen bring down at RM4.20.

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1. VIS


3. VS


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Bursa Saham Malaysia- Petronas Gas, BAT lead KLCI bring down early Tuesday

KUALA LUMPUR: Blue chips slipped again into the red early Tuesday as mellow benefit taking of Petronas Gas and BAT weighed on the FBM KLCI (Bursa Saham Malaysia).

At 9.55am (Bursa Saham Malaysia),

the KLCI was down 0.37 of a point or 0.02% to 1,717.99. Turnover was 460.20 million offers esteemed at RM189.16mil. There were 186 gainers, 311 washouts and furthermore 311 counters unaltered.

Asian stocks edged higher on Tuesday as financial specialists took heart from additional confirmation of quality in the worldwide economy (Malaysia Stock Market), while the dollar floated close to a one-week high against its associates on account of higher US yields and a flopping euro, Reuters revealed.

Picks up on Wall Street

overnight likewise helped MSCI’s broadest file of Asia-Pacific offers outside Japan attach 0.15%. South Korea’s KOSPI rose 0.25%, Australian stocks climbed 0.15% and Japan’s Nikkei progressed 1.25%.

Be that as it may, Kenanga Investment Bank Research said since the KLCI (Klse Share Price) has broken underneath the help level of 1,727, the specialized viewpoint stays one-sided on the drawback with no close term indication of recuperation.

“On any further shortcoming, bolster levels can be found at 1,714 (S1) and mental level of 1,700 (S2) beneath. Then again, the protection levels are presently 1,734 (R1) and 1,750 (R2),” it said.

With respect to tech stocks, MPI fell the most (Forex Market), down 32 sen to RM13.22, Vitrox 16 sen to RM5.05 and Globetronics eight sen bring down at RM6.14. Be that as it may, KESM added 18 sen to RM19.38.

BAT lost 20 sen to RM39.80 and Heineken fell 12 sen to RM17.88 yet Nestle picked up 38 sen to RM90.22.

Petronas Gas was 16 sen bring down at RM16.50 while refiners Petron and Hengyuan additionally surrendered some current increases. Petron lost 12 sen to RM11.80 and Hengyuan was down 10 sen to RM9.98.

Asia File rose nine sen to RM3.05 (Share Market Malaysia), Degem and Press Metal increased seven sen to 96 sen and RM4.72.

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3. PUC


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Malaysia Stock Market- KLCI squeezes out slight increases early Monday as PGas, Sime progress

KUALA LUMPUR: Blue chips climbed early Monday, supported by picks up in Petronas Gas and Sime Darby as speculator feeling solidified after the more grounded than-anticipated financial information discharged a week ago and Bank Negara’s uplifting standpoint.

At 9.15am (Malaysia Stock Market),

the KLCI was up 2.16 focuses or 0.13% to 1,723.82. Turnover was 273 million offers esteemed at RM73.77mil. There were 154 gainers, 137 failures and 216 counters unaltered.

Be that as it may, Asian offers began the week on the back foot on Monday (Klse Share Price), forced by a withdraw on Wall Street in the midst of duty change vulnerability while the euro slid after German coalition talks hit an impasse, Reuters revealed.

MSCI’s broadest file of Asia-Pacific offers outside Japan was almost level in early exchange.

Australian offers were down 0.2%, while Japan’s Nikkei stock normal was 0.1% lower.

Reuters likewise detailed oil markets were lukewarm on Monday as dealers were hesitant to go up against huge new positions in front of an Opec meeting toward the finish of the month (Forex Market), when the maker club is required to choose whether to proceed with yield cuts went for propping up costs.

Brent unrefined prospects fell 26 pennies to US$62.46 per barrel at 0052 GMT while US West Texas Intermediate rough fates increased two pennies to US$56.57.

Petronas Gas rose 16 sen to RM16.80 with 5,900 offers done. Sime Darby added nine sen to RM9.06 in front of its EGM to look for investor endorsement for its demerger (Share Market Malaysia) and posting on Nov 30.

HL Industries added 20 sen to RM10.20, MPI 20 sen additionally to RM13.30, PMB Tech 12 sen to RM4.32, TRIplc nine sen to RM2.30. BAT added eight sen to RM39.60 and Supermax six sen to RM2.10.

KESM fell on benefit taking, down 18 sen to RM19, Tong Herr 17 sen yo RM3.58, Vitrox 14 sen yo RM5.40 while Tenaga lost eight sen to RM14.76.

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Klse Market- Sime, Genting lift KLCI early Friday

KUALA LUMPUR: After four straight days of misfortunes, speculator notion livened up somewhat early Friday (Klse Market), supported by picks up in aggregate Sime Darby and Genting Bhd

At 9.25am (Klse Market),

the FBM KLCI rose 6.12 focuses or 0.36% to 1,724.23. Turnover was 273.52 million offers esteemed at RM107.76mil. There were 243 gainers, 131 failures and 234 counters unaltered.

Asian offers ascended on Friday as solid US income and a stage forward in the US Congress on charge change lit up the state of mind, despite the fact that speculators noticed that numerous more obstacles must be passed to achieve a last arrangement on tax reductions, Reuters revealed.

MSCI’s broadest

list of Asia-Pacific offers outside Japan rose 0.1% while Japan’s Nikkei increased 0.9%, expanding its recuperation from a close to three-week intraday low hit the earlier day.

Maybank Investment Bank Research said following the overnight ricochet on Wall Street and desire of a strong 3Q GDP development for Malaysia (Share Market Malaysia), it accepts there could be some deal chasing on chose blue chips.

Sime Darby rose seven sen to RM9.07 after its stellar first quarter results and leader of the demerger of its ranches and property business on Nov 30.

“Look after Add, with unaltered SOP-based target cost of RM10. We expect Sime Darby’s offer cost to rerate on its intends to independently list its ranch and property units,” said CIMB Equities Research.

Genting Bhd added 11 sen to RM9.03.

Settle was the best gainer (Forex Market), up 66 sen to RM92.16, F&N added 34 sen to RM25.90.

Petronas Dagangan picked up 24 sen to RM23.60 with three 300 offers done, Kossan added 23 sen to RM8.23, Kim Loong 22 sen to RM8.23 and HL Industries 20 sen to RM10.30.

Terrific Hoover,

which hit restrict up on Thursday, proceeded with its progress to climb 16 sen to RM1.08.

Kejuruteraan Asastera Bhd (KAB), which made its introduction on the ACE Market, added 4.5 sen to 29.5 sen with 61 million offers done.

Allianz fell 40 sen to RM14.20, Heineken and YSP Southeast Asia 14 sen each to RM17.96 and RM2.72. Tomei fell 8.5 sen to 75.5 sen (Klse Share Price), BHIC and Ann Joo five sen each to RM1.93 and RM3.75.

Reuters announced oil costs steadied on Friday after late decreases, however were on track for their first week after week fall in a month and a half as worries about surging U.S. supplies put an imprint in the market’s current rally.

Brent rough prospects,

the universal benchmark at oil costs, were at US$61.31 per barrel at 0136 GMT, down five pennies from their last close. US West Texas Intermediate (WTI) unrefined fates were at US$55.32 a barrel, up 18 pennies, or 0.3%, from their last settlement.

In any case (Malaysia Stock Market), Brent was on track to fall around 3.4% for the week and WTI 2.5% on stresses over development in US generation and inventories, after the two benchmarks touched close to more than two year highs a week ago.

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