The April month of 1Q2017 is about to end in a week. Before the new month starts and you plan for your investment in Malaysia Trade markets, we bring you some important Bursa Malaysia stock trading picks that you can use for achieving your financial goals and invest smartly.
KLCI posted a turnover of 511.61 million shares valued at RM189.73mil. Stock market observed 303 gainers, 133 failures, and a huge number of counters unaltered to be precise 249.
As per US bank, the MSCI Malaysian share market index has risen by 6.6% since the start of 2017. Thus, expects a higher boosting in the April-May 2017.
Malaysia is expecting an election in the month of August or early September and that shall favor the equity markets of Malaysia. So the best entry point in the market for the US Morgan Stanley can be May-June.
As per Lobena, chief executive of the Malaysian Chamber of Commerce and Industry, various European countries have opted Malaysia for their business opportunities in the 10 Southeast Asian countries. Thus, this news directly points towards boom in the Malaysian share markets and share investment in Malaysia. Soon the traders can expect a boost in trading markets.
A rough exchange might be observe in the close run though KLCI is ruling over 1740 levels as said by Maybank Investment Banking.
In addition, oil opened up as a rough exchange in this week reason behind this was OPEC initiative to maintain oversupply that was observe since last two years. Financial advisers in Malaysia also said that oil might be rough in this week as well.
PETRONAS Gas rose to 6 Sen to RM18.40 & simultaneously, PETRONAS Chemicals rose 3 Sen to RM7.55.
Bursa Malaysia has climbed 6.9% in 2017 and 18.13% scaled the Bursa Small Cap Index which makes Bursa Malaysia one of the top and best executing index globally.
Scientex that is a scientific textile industry rose 15 sen to RM8.70 while Vitrox which is an electronic company based in Malaysia picked up 13 sen to RM5.21.
CIMB, which is a retail banking company in Malaysia, further added 10 Sen to RM5.60.
With the most gaining shares there are few companies which experienced a bad week in the Malaysian share markets. Malaysia financial advisory suggests not to rely on these shares for the last week of April.
BAT is the highest failure down with 46 sen with RM46.60.
Westport, which is an investment company, also faced a downfall in the share market by-3.8percentage