KLSE Stock News- Bursa Malaysia Stocks Open Lower on Tuesday, Oil Continues to Rise

Kuala Lumpur: Bursa Malaysia stock prices opened lower on Tuesday with the FTSE Bursa Composite Index down 0.53% to 1,791.93. There were 203.24 million shares traded valued at RM 76.82 mil. There were 163 gainers versus 84 decliners and 181 counters unchanged. 
Bursa Malaysia’s optimism vanished within minutes of the opening, as it erased gains to return to the starting line.

Stock Watch

1. The top KLSE active stock list including Sapura Energy was up one sen to 43.5 sen while Reach Energy gained 1.5 sen to 51 sen and Nova MSC gained 0.5 sen to 18 sen.

2. The top KLSE gainer stocks list, Air Asia was among the early gainers, adding four sen to RM3.10. Heavyweight Genting rose four sen to RM7.81 while Hengyuan climbed 12 sen to RM6.62.

3. The Klse loser stock including Hartalega slid four sen to RM6.56 in early trade. Maybank Investment Bank report said the glovemaker’s upcoming 2QFY19 core earnings is expected to be flattish. Meanwhile, CIMB slid three sen to RM5.98, Tenaga dipped two sen to RM15.50, Axiata shed two sen to RM4.63 and Public Bank lost two sen to RM 23.98.

Global Market

Nasdaq index opens up today with 8,037.3 and previous close at -9.0 and HANG SENG index open with 1.87% down to reach 27,268.42.

Chinese markets remained closed for its Golden Week holidays. Japan’s markets reached for a fresh 27-year high on news that trade tension in North America may finally have relieved, lending more positivity in the global trade environment.

Currency Market

The ringgit extended yesterday’s downtrend to open easier against the US dollar this morning as risk appetite for the greenback strengthened among rising oil prices. On Monday closing the local currency stood at 4.1400/1440 against 4.1380/1420. 
Ringgit mixed trade data with other currency-

1. It rose against the Singapore dollar to 3.0164/0195 from 3.0198/0238 on Monday and improved versus the euro to 4.7921/7979 from 4.8059/8118.

2. The local currency depreciated the Japanese yen to 3.6332/6370 from yesterday’s 3.6295/6340 and weakened against the British pound to 5.3990/4046 from 5.3976/3049.

Commodity Market

Comex Crude Oil prices fringed up on Tuesday, Brent crude oil futures were trading at US$85.05 per barrel, up seven cents from their last close, near the US$85.45 peak reached in the previous session, its highest since November 2014. US West Texas Intermediate crude futures were up 25 cents at US$75.55 a barrel.

Robert Mueller, in a gathering with U.S. President Donald Trump’s legal Advisers in March

Special Counsel Robert Mueller, in a gathering with U.S. President Donald Trump’s legal advisors in March, raised the likelihood of issuing a subpoena for Trump in the event that he decreases to converse with specialists in the Russia test, a previous legal counselor for the president said on Tuesday.

John Dowd disclosed to Reuters that Mueller said the likelihood of a subpoena in the early March meeting. Mueller’s subpoena cautioning was first detailed by the Washington Post, which referred to four individuals comfortable with the experience.

“This isn’t some amusement. You are screwing with crafted by the leader of the United States,” Dowd said he told the agents, who are testing conceivable plot between the Trump crusade and Russia. Dowd left the president’s legitimate group around two weeks after the gathering.

The Post said Mueller had raised the likelihood of a subpoena after Trump’s legal advisors said the president had no commitment to chat with government examiners associated with the test.

After the March meeting, Mueller’s group consented to give the president’s attorneys more particular data about the subjects they wished to ask Trump, the Post detailed.

With that data, Trump’s attorney Jay Sekulow accumulated a rundown of 49 questions the president’s legitimate group trusted he would be asked, as per the Post.

That rundown, first revealed by the New York Times on Monday, incorporates inquiries on Trump’s connections to Russia and others to decide if the president may have unlawfully endeavored to hinder the examination.

“We don’t talk about discussions we have had or may have had with the Office of Special Counsel,” Sekulow told Reuters on Tuesday evening.

Trump scrutinized the break of the inquiries.

“So despicable that the inquiries concerning the Russian Witch Hunt were ‘spilled’ to the media. No inquiries on Collusion,” Trump composed on Twitter on Tuesday. “It would appear to be difficult to impede equity for a wrongdoing that never happened!”

Russia has denied meddling in the 2016 U.S. presidential race, as U.S. knowledge organizations claim, and Trump has denied there was an arrangement between his battle and Moscow.

AUD May Fall on G20(Group of Twenty) News

AUD Trading Alerts: How is G20 going to affect AUD price in the market?

# G20 back clergymen will commence their two-day meet in Argentina Monday

Exchange and protectionism will be up front after US steel duties were raised

In the event that the worldwide exchange tone doesn’t help, chance adapted monetary forms could fall

Monetary standards like the Australian Dollar – with clear connections to worldwide development and hazard conclusion – could be in for a torrid week if a gathering of key back pastors neglects to cool prospects of worldwide exchange war.

Clergymen from the Group of 20 will meet on Monday and Tuesday in Buenos Aires against a scenery of expanded US duties on steel and aluminum, the likelihood of more extensive security and dangers of striking back from both China and the European Union.

The US is additionally considering an expanded protection of its corporate licensed innovation from what Washington sees as China’s ravagings in this field. While the US has very substantial concerns, the world’s fund priests appear to be exceptionally uncertain to understate the obvious that protectionism is the appropriate response.

In addition, the worldwide economy is presently observing the most grounded, broadest development since the G20 was formalized in 2008 in the wake of the monetary emergency. A delayed exchange spat, not to mention an exchange war, would endanger that ricochet back and advertise watchers can hope to hear that message pounded home by different clergymen.

A few, including those from, have country Argentina and furthermore, from Germany, have said that they will demand dialect keeping up the significance of guidelines based worldwide exchange framework in the last report. The content should be concurred by all and will in this manner be of more enthusiasm than expected.

G20-Summit 2018, MMFSolutions

For monetary forms, much will rely on US Treasury Secretary Steve Mnuchin’s tone. On the off chance that he is strident with regards to duties, and in the event that he leaves a solid impression that there are more in the pipeline, at that point any semblance of the Australian Dollar could battle, presumably to the detriment of saw safe house resources like the Japanese Yen and the US Dollar itself.

Australia’s cash is a conspicuous applicant as its prosperity is regularly connected to financial specialists’ interpretation of worldwide development because of Australia’s huge crude material fares, especially to China. Other product monetary forms, for example, the New Zealand and Canadian Dollars could likewise confront some slamming, in spite of the fact that the last may be protected to some degree by Canada’s exclusion from the US duties.

Regardless the Australian Dollar heads into the gathering in a fairly parlous state at any rate, with the base of its present day by day extends under some threat.Should it give way, a center would be in December’s low in the 0.7502 territories. Source

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

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

EUR-USD Is Ready To Test Height Of 1.24

EUR/USD Trading Alerts:

Euro points over 1.24 in the wake of breaking yet another graph protection level

Clashing prompts contend against taking long or short position as of now

The Euro has taken off to the most elevated amount in more than three years against the US Dollar, with a break past yet another layer of graph protection implying the move upward will proceed. Costs pulled back in the wake of demonstrating a bearish candle design not surprisingly yet the move immediately turned take after a hawkish ECB meeting minutes.

Forex Trading Signals:
From here, every day close over the half Fibonacci extension at 1.2430 opens the entryway for a test of the 61.8% level at 1.2637. On the other hand, a move back underneath the 38.2% Fib at 1.2223 makes ready for a retest of protection turned-bolster at 1.2092, the September 8 high.

Standing aside appears to be judicious until further notice. Longer-term situating demonstrates the Euro entering a basic protection zone, contending against pursuing the cash upward. Then again, the nonappearance of an obvious bearish inversion flag implies that entering short is untimely, particularly given late bullish energy. Source

Bursa Saham Malaysia- KLCI organizes sharp pullback on first trading day of 2018

KUALA LUMPUR: Blue chips arranged a sharp pullback on Tuesday (Bursa Saham Malaysia), the primary exchanging day of 2018, as brokers rushed to take benefit after the late surge last Friday.

At 9.10am (Bursa Saham Malaysia),

the KLCI was down 17.40 focuses to 1,779.41. Turnover was 177 million offers esteemed at RM95.79mil. There were 160 gainers, 148 washouts and 196 counters unaltered.

The euro remained inside striking separation of its 2017 crest on a feeble US dollar on Tuesday (Share Trading Tips), while Asian stocks started the new year near their most elevated in 10 years, Reuters announced.

Assessment was helped by news that North Korea had offered an olive branch to South Korea, with Kim Jong Un saying he was “available to exchange” with Seoul.

However movement was inadequate (Financial Advisory Services), with Japan on vacation and numerous financial specialists on an expanded break. MSCI’s broadest record of Asia-Pacific offers outside Japan was a portion firmer subsequent to ascending by 33% in esteem a year ago to statures last went to in 2007, Reuters included.

In the interim,

Maybank Investment Bank Research said the benchmark record finished the year at 1,796.81, only a smidgen underneath its end-2017 KLCI (Hot Stocks) focus of 1,800.

“So, there is a high plausibility that the benchmark may organize a pullback in the early piece of 2018 as benefit taking surfaces,” it said.

Settle fell the most, down RM2.10 to RM101.10 while BAT lost RM1.70 to RM38.30.

SP Setia lost 57 sen to RM3.43 (Penny Stocks), Sime Plantations 49 sen to RM5.51 and Sime Property 30 sen to RM1.48. Digi and Naim fell 20 sen each to RM4.90 and RM1.22.

Sapura Energy

kept on hitting record lows, down 2.5 sen to 68.5 sen with 8.69 million offers done.

Refiners Hengyuan and Petron were the best gainers, Hengyuan rose 98 sen to RM17.28 and Petron up 56 sen to RM14.10.

Be that as it may, financial specialists ought to know about the unpredictable offer costs (Share Market Recommendations) , where they surged last early Friday and developed as among the best washouts by the day’s end.

For live updates, traders/investors could visit www.mmfsolutions.my

Penny Stocks- KLCI opens higher, oil withdraws following overnight value spike

KUALA LUMPUR: The nearby benchmark record opened higher on Wednsday (Penny Stocks), rising 1.31 indicates in early exchange 1,761.30 focuses. Turnover was 132.33 million offers with an estimation of RM61.5mil. There were 165 gainers to 79 decliners and 185 counters unaltered.

Most Asian markets opened higher regardless of a plunge in Wall Street overnight as Apple and its parts providers debilitated on reports of delicate iPhone X request, driving tech shares lower.

On the neighborhood bourse (Penny Stocks),

Petronas Gas added 10 sen to RM17.10, Genting rose five sen to RM9.05 and Genting Malaysia increased three sen to RM5.58.

Stocks that slipped included IHH Healthcare, dropping four sen to RM5.79, Petronas Chemicals falling two sen to RM7.58 and PPB Group, slipping two sen to RM17.56.

On the more extensive market, advancers included Sapura Energy (Bursa Saham Malaysia), which rose one sen to 72.5 sen and DNex, which moved higher by 0.5 sen to 49.5 sen.

Hibiscus is in the spotlight today

on news that it is drawing nearer to finishing the North Sabah Enhanced Oil Recovery generation sharing contract. The counter increased two sen to 87 sen.

Among loafers, Amway slipped seven sen to RM7.30 (Equity Tips), F&N slipped four sen to RM26.66 and Hartalega fell four sen to RM10.80.

In wares, oil markets withdrew subsequent to surging to 2.5-year highs in the past session, which saw US unrefined touching US$60 a barrel following a blast at a Libyan rough pipeline.

On Wednesday, US light rough plunged 26 pennies to US$56.71 a barrel (Hot Stocks) while Brent unrefined dropped 37 pennies to US$66.65 a barrel.

For live updates, traders/investors could visit www.mmfsolutions.my

Bursa Saham Malaysia- Genting, Public Bank slip early Tuesday, Perdana falls, ringgit up

KUALA LUMPUR: Mild benefit taking proceeded with early Tuesday on late gainers like Genting Bhd what’s more (Bursa Saham Malaysia), Public Bank however Perdana Petroleum tumbled for the second day when it continued exchanging.

At 9.20am (Bursa Saham Malaysia),

the KLCI was down 8.31 focuses or 0.47% to 1,743.33. Turnover was 293.34 million offers esteemed at RM123.35mil. There were 167 gainers, 162 failures and 255 counters unaltered.

The ringgit edged up 0.12% against the US dollar to 4.075 from the past close of 4.08.

Asian stocks

progressed on Tuesday after a record-setting session on Wall Street on wagers that US legislators would pass a noteworthy assessment update (Penny Stocks), while the US dollar hang as dealers were less energetic about the bill’s monetary effect, Reuters detailed.

MSCI’s broadest record of Asia-Pacific offers outside Japan rose 0.2%. Australian offers included 0.4%, South Korea’s Kospi climbed 0.6% and Japan’s Nikkei increased 0.2%.

Kenanga Investment Bank Research said from an outlining point of view. It trusts that the KLCI (Equity Tips) had bottomed out from a three-month descending pattern . It is certain this could be the begin of a bullish pattern.

“Key pointers are generally demonstrating a bullish union. We considered the descending development in the course of the last two exchanging days as a brief delay from a potential upward pattern,” it said.

The examination house anticipates that this transitory interruption will proceed in the close term (Hot Stocks) with the file running between 1,750 (S1) and 1,765 (R1). Before a breakout from R1 that will push it towards 1,800 (R2).

Any break underneath the S1 bolster level is esteemed as very negative and could cause a capitulation towards 1,729 (S2).

Perdana Petroleum

fell 20 sen to 46 sen in rising volume with 7.49 million offers in the wake of hitting limit-down on Monday.

Genting Bhd lost nine sen to RM8.99 while Maxis and Public Bank were down six sen each to RM5.88 and RM20.64 and Axiata five sen bring down at RM5.30.

Sarawak Oil Palm, UMW and MPI each fell eight sen to RM3.92, RM5.02 and RM12.22 separately.

Refiner Henyuan was the best gainer (Share Trading Tips), up 56 sen to RM14.44. Its call warrants additionally surged in early exchange.

Petronas Dagangan added 24 sen to RM24.66.

Glove creators climbed, drove by Hartalega, up 24 sen to RM10.28 and Top Glove nine sen to RM7.03.

For live updates, traders/investors could visit www.mmfsolutions.my

Share Trading Tips- KLCI slips further, tech stocks weigh on Asia

KUALA LUMPUR: The nearby bourse dunked into the red at early afternoon in the midst of blended territorial markets as tech counters took fall on the US Nasdaq (Share Trading Tips), prompting milder exhibitions in their Asian partners.

Chinese stocks, be that as it may, ascended on Tuesday morning after a private overview demonstrated development in China’s administrations segment movement grabbed to a three-month high in November, Reuter revealed.

At 12.30pm, the FBM KLCI (Share Trading Tips) was 0.28 focuses bring down at 1,712.85 focuses. Turnover was 911.82 million offers with an estimation of RM921.88mil. Decliners outpaced advancers at a 3:1 proportion at 465 to 156, and 486 counters were unaltered.

Genting Malaysia was a main gainer on the file, rising 13 sen to RM5.13. Different advancers included Maxis, increasing five sen to RM5.88, and IHH Healthcare, adding three sen to RM5.64.

Petronas Gas put on 26 sen to RM16.20 (Hot Stocks), while Petronas Dagangan rose 18 sen to RM24.58 and Petronas Chemicals dropped 10 sen to RM7.42.

In the interim Hong Leong Financial Group rose 18 sen to RM16.58 and Hong Leong Bank added two sen to RM15.32.

Among decliners, Genting dropped four sen to RM8.91, MISC slipped two sen to RM7.07 and Tenaga Nasional lost two sen to RM15.56.

Westports Holdings lost 12 sen to RM3.46 while YTL COrp dropped three sen to RM1.13.

Sime Darby Plantations kept on losing ground (Equity Tips), slipping 14 sen to RM4.71 for the third sequential day since its presentation. Sime Darby Property took action accordingly, losing eight sen to RM1.04.

On the more extensive market, Gas Malaysia was another vitality counter to put on picks up on Tuesday, rising seven sen to RM2.78.

SWS Capital increased five sen to RM1.27 while Ireka added five sen to 65 sen.

In the interim (Share Market Recommendations), Allianz shaved off 28 sen to RM13.02, KOssan lost 20 sen to RM7.55 and Magni-Tech Industries declined 19 sen to RM5.99

In products, oil costs climbed somewhat on desires of lower US unrefined reserves and fixing supply following a week ago’s arrangement amongst Opec and other rough makers.

US light unrefined rose 11 pennies to US$57.58 a barrel and Brent increased seven pennies to US$62.52 a barrel.

In monetary forms, the ringgit ascended against significant monetary standards. It exchanged 0.25% higher against the greenback at 4.0530 (Financial Advisory Services), 0.02% against the pound sterling at 5.4592 and 0.06% against the Singapore dollar at 3.0111.

For live updates, traders/investors could visit www.mmfsolutions.my