Forex Forecast: GBPUSD Forecast Sept 24-Sept to 28-Sept 2018

GBP/USD Fundamental and Technical Forecast

GBP/USD had another unpredictable as best level figures contended with Brexit features and sent the match every which way. What’s straightaway? The last GDP release standouts. Here are the key occasions and an updated technical analysis for GBP/USD.

Brexit idealism around the Salzburg Summit was smashed when the EU dismissed the Chequers proposition by and large. The reaction of UK PM Theresa May was cruel too, sending the pound down after it had moved to two-month highs prior. UK swelling bounced to 2.7%, far above desires and sent the pound higher. The US went ahead with forcing exchange duties on China yet advertises took it with a walk pushing the greenback lower.

Fundamental Forecast GBP/USD


1. FPC Statement: Monday, 6:8:30. The Bank of England is additionally in charge of money related dependability notwithstanding setting fiscal arrangement, and the two things are connected. Money related dependability relies upon financial conditions. The quarterly report gives bits of knowledge into the current monetary circumstance and may move the pound.

2. CBI Industrial Order Expectations: Monday, 10:00. The Confederation of British Industry demonstrated weakening conditions in the area back in August, with the marker dropping to 7 focuses following two months of positive astonishments. A drop to 5 focuses is on the cards.

3. High Street Lending: Wednesday, 8:30. The measure speaks to around 66% of UK contracts and is discharged before the official home loan number by the BOE. A disillusioning slide beneath 40K was found in July. We may now observe a bob from that 39.6K level. 39.7K is estimated now.

4. CBI Realized Sales: Wednesday, 10:00. The business makes sense of from CBI came superior to Order Expectations and hit a high of 29 focuses in August. We could see a slide now: 18 focuses are anticipated.

5. GFK Consumer Confidence: Thursday, 23:01. The 2,000-in number overview beat desires in August with an ascent to – 7 focuses, yet the negative number still reflects cynicism among shoppers. A tick down to – 8 focuses is on the cards.

6. Final GDP: Friday, 8:30. The UK economy developed by 0.2% in Q2 as indicated by the underlying discharge that came nearby the primary month to month report for June. While we definitely know the month to month number for July, this last arrival of Q2 GDP is relied upon to give a more extensive point of view toward the economy. The quarterly figures don’t typically change yet updates to the week by week numbers are more typical.

7. Current Account: Friday, 8:30. The UK has an endless exchange parity and current record shortages. In Q1, the shortage limited to 17.7 billion. We will now get the number for Q2 close by the GDP report. A critical shock may take the show from the GDP report. A more extensive shortage of 19.4 billion is on the cards.

Technical Forecast: GBP/USD Forecast Sept 24-Sept to 28-Sept 2018

 

gbpusd 24-sept to 28-sept

1. 1.3375 was a high point in July. It is trailed by 1.3315 that topped the match before that month.

2. 1.3215 was the high point for the match in mid-July and a lower high on the diagram. It is trailed by mid-September pinnacle of 1.3145.

3. 1.3045 was a high point in August and furthermore near the underlying 2018 low.

4. Underneath 1.3000 we find 1.2935, a high point in late August. 1.2865 isolated ranges in late August. Additionally down, 1.2790 served as support late August and also beforehand

5. 1.2750 held the match down when the combine was on the back foot. The current 2018 trough at 1.2660 is the following level.

6. 1.2590 was a swing low in September 2017. Indeed, even lower, 1.25 is a round number and furthermore filled in as help in mid-2017.

 

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

Stock Recommendations for Gaining Stocks in Malaysian Market

Stock recommendations plays an important role in Malaysia stock markets. Regularly financial advisory services look after chasing the most profitable and gaining stocks that could bring 20%-30% return on investment for its traders. When it comes to intraday stock picks, traders are always concerned about various risk involved in investing their hard-earned capital.

Let us look upon share market recommendations for stocks, which are on the gaining list of KLSE stock markets. These stocks picks helps investors overcome the fear of losing money as well help in taking right call on KLSE trading.

2 stock recommendations for KLSE traders:

1. KESM INDUSTRIES BHD:

Electronic manufacturing and OEM service providing company is in the list of top gainers and is a must to invest in company as per share market recommendation experts.

1 yearreturn: 118.65%
CURRENT P/E RATIO : 16.11
MARKET CAP: 709.739
YTD RETURN: 67.51%
Stock market uptrend as per KLSE trading signals:
• Open: 16.000
• High: 16.720
• Last: 16.500
• %Change: 3.25
• Volume (’00): 2,437

2. PENTAMASTER CORPORATION BHD

Automated and semi-automated machine and equipment manufacturing company is on the list of KLSE trading signals due to its excellent performance in KLSE stock market movement.

1 yearreturn: 286.51%
CURRENT P/E RATIO : 20.39
MARKET CAP: 713.783
YTD RETURN: 260.74%
NET INCOME IN MYR: 35.01m
REVENUE IN MYR (TTM): 186.87m

Stock market uptrend as per KLSE trading signals:
• Open: 4.580
• High: 4.900
• Last: 4.870
• %Change: 7.27
• Volume (’00): 18,037
• Buy volume (’00):4.860 / 64
• Sell/Vol (’00): 4.870 / 8

The last note of financial advisory services:
Share market recommendations are researched advice, which are shared after analyzing the factors like:

• Stock market trends
• Upcoming changes in economy
• Performance of companies in terms of financial and managerial
• Advanced tools used for catching share market movements
• Other geopolitical and government factors affecting business and their operations

Thus, stock recommendations plays a crucial role in KLSE stock market industry. For information related to similar gaining stock tips and services like intraday stock picks you can opt for Multi management and future solutions, which is known for its excellency and number generating results.

Klse Investment Tips- Diary Malaysia Tuesday Sept 19

KUALA LUMPUR: ALL TIMES ARE PROVISIONAL (Klse Investment Tips) AND IN LOCAL TIME FOLLOWED BY GMT IN BRACKETS

TUESDAY, SEPTEMBER 19 (Klse Investment Tips)

KUALA LUMPUR-Press Conference on Permodalan Nasional Bhd Investment’s Fiesta, Executive Lounge, Level 39, Menara PNB, Jalan Tun Razak, Kuala Lumpur at 1130 (0330 GMT)

WEDNESDAY, SEPTEMBER 20

KUALA LUMPUR-Release of August 2017 Consumer Price Index at 1200 (0400 GMT)

THURSDAY, SEPTEMBER 21

KUALA LUMPUR-Market and Public Holiday-Islamic New Year Holiday

FRIDAY, SEPTEMBER 22

KUALA LUMPUR-Release of Bank Negara’s remote  holds as at 15 September 2017 at 1500 (0700 GMT)

FRIDAY, SEPTEMBER 29

KUALA LUMPUR-Release of August 2017 Money Supply Data at 1500 (0700 GMT)

KUALA LUMPUR-Release of Detailed Disclosure of International Reserves (Klse Investment Tips) as at end August 2017 at 1200 (0400 GMT)

FRIDAY, OCTOBER 6

KUALA LUMPUR-Release of August 2017 External Trade Statistics at 1200 (0400 GMT)

KUALA LUMPUR-Release of Bank Negara’s remote holds as at 29 September 2017 at 1500 (0700 GMT)

THURSDAY, OCTOBER 12

KUALA LUMPUR-Release of August 2017 Industrial Production Index at 1200 (0400 GMT)

WEDNESDAY, OCTOBER 18

KUALA LUMPUR-Market and Public Holiday-Deepavali

FRIDAY, OCTOBER 20

KUALA LUMPUR-Release of September 2017 Consumer Price Index at 1200 (0400 GMT)

KUALA LUMPUR-Release of Bank Negara’s outside (Mid Term Stock Picks) stores as at 13 October 2017 at 1500 (0700 GMT)

MONDAY, OCTOBER 31

KUALA LUMPUR-Release of September 2017 Money Supply Data at 1500 (0700 GMT)

KUALA LUMPUR-Release of Detailed Disclosure of International Reserves as at end September 2017 at 1200 (0400 GMT)

FRIDAY, NOVEMBER 3

KUALA LUMPUR- (KLSE Trading Signals)Release of September 2017 External Trade Statistics at 1200 (0400 GMT)

TUESDAY, NOVEMBER 7

KUALA LUMPUR-Release of Bank Negara’s outside stores as at 31 October 2017 at 1500 (0700 GMT)

THURSDAY, NOVEMBER 9

KUALA LUMPUR-Release of Monetary Policy Statement at 1500 (0700 GMT)

KUALA LUMPUR-Release of September 2017 Industrial Production Index at 1200 (0400 GMT)

FRIDAY, NOVEMBER 17

KUALA LUMPUR-Release of Malaysia’s third Quarter 2017 GDP at 1200 (0400 GMT)

WEDNESDAY, NOVEMBER 22

KUALA LUMPUR-Release of Bank Negara’s outside stores as at 15 November 2017 at 1500 (0700 GMT)

KUALA LUMPUR-Release of October 2017 Consumer Price Index (Positional Stock Signals) at 1200 (0400 GMT)

THURSDAY, NOVEMBER 30

KUALA LUMPUR-Release of October 2017 Money Supply Data at 1500 (0700 GMT)

KUALA LUMPUR-Release of Detailed Disclosure of International Reserves as at end October 2017 at 1200 (0400 GMT)

FRIDAY, DECEMBER 1

KUALA LUMPUR-Market and Public Holiday-Prophet Muhammad’s Birthday

THURSDAY, DECEMBER 7

KUALA LUMPUR-Release of Bank Negara’s outside stores as at 30 November 2017 at 1500 (0700 GMT)

FRIDAY, DECEMBER 22

KUALA LUMPUR-Release of Bank Negara’s outside stores as at 15 December 2017 at 1500 (0700 GMT)

MONDAY, DECEMBER 25

KUALA LUMPUR-Market and Public Holiday-Christmas Day

WEDNESDAY, DECEMBER 29

KUALA LUMPUR-Release of November 2017 Money Supply Data at 1500 (0700 GMT)

KUALA LUMPUR-Release of Detailed Disclosure of International Reserves as at end November 2017 at 1200 (0400 GMT).

FOR LIVE KLSE UPDATE, TRADERS/INVESTORS COULD VISIT WWW.MMFSOLUTIONS.MY

Positional Stock Picks : Breakfast briefing for Malaysian people

MarketWrap: US stocks finished marginally higher on Monday and the Dow shut at a record high for a twelfth straight session, as President Donald Trump said he would make a “major” foundation explanation on Tuesday. – Positional Stock Picks

The DJIA was up 15.68 focuses, or 0.08%, to close at 20,837.44, the S&P 500 increased 2.39 focuses, or 0.10%, to 2,369.73 and the Nasdaq included 16.59 focuses, or 0.28%, to 5,861.90.

Forex outline – Positional Stock Picks

*The ringgit lost 0.15% to 4.4450 for each US$

*It lost 0.20% to 4.7045 versus euro

*Down 0.37% to 5.5265 for each pound sterling

*Down 0.22% to 3.1624 for each Singapore dollar

*0.06% lower to 3.4125 for each Aussie

*0.24% at 3.9402 for every 100 yen

Vitality

Oil costs finished minimal changed on Monday as the prospect for US rough creation to keep developing counterbalance reports of high consistence to the Opec generation cut assention and record bullish wagers that costs would rise facilitate. Positional Stock Picks

On its penultimate day as the front-month contract, Brent prospects for April conveyance lost six pennies, or 0.1%, to settle at US$55.93 a barrel.

Beat remote stories

JPMorgan, Microsoft, Intel and others shape new blockchain union:

JPMorgan Chase and Co, Microsoft Corp, Intel Corp and more than two dozen different organizations have collaborated to create gauges and innovation to make it simpler for ventures to utilize blockchain code Ethereum in the most recent push by expansive firms to move toward appropriated record frameworks. – Positional Stock Picks

US center capital merchandise orders fall:

New requests for key US-made capital products out of the blue fell in January following three straight months of solid additions, however did little to change sees that assembling was recouping from a delayed downturn in the midst of rising ware costs.

however did little to change sees that assembling was recouping from a delayed downturn in the midst of rising ware costs.

The Commerce Department said on Monday that non-guard capital products orders barring flying machine.

A nearly watched intermediary for business spending arranges, dropped 0.4% after an upwardly updated 1.1% expansion in December.

Satellite administrators OneWeb, Intelsat arrange contingent merger:

OneWeb Ltd, a US satellite wander supported by SoftBank Group Corp, and obligation loaded satellite administrator Intelsat SA plan to converge in an arrangement that could be declared when late Monday, as indicated by individuals informed on the arrangements.

Diary Malaysia – Klse Investment Tips in Malaysia

KUALA LUMPUR: ALL TIMES ARE PROVISIONAL AND IN LOCAL TIME FOLLOWED BY GMT IN BRACKETS – Klse Investment Tips in Malaysia

MONDAY, FEBRUARY 20

KUALA LUMPUR-Health Minister Dr S. Subramaniam dispatches online employment entryway for tumor patients at Hospital Kuala Lumpur Auditorium at 1000 (0200 GMT)

KUALA LUMPUR-Natural Resources and Environment Minister Wan Junaidi Tuanku Jaafar opens Innovation Symposium 2017 at Forest Research Institute Malaysia (FRIM) Auditorium, Kepong at 0830 (0030 GMT)

KUALA LUMPUR-Prime Minister Najib Tun Razak goes to International Conference on Religion and Sustainability of Civilisation at Institute of Islamic Understanding Malaysia (IKIM) primary lobby at 1500 GMT (0700 GMT)

KUALA LUMPUR-Prime Minister Najib Tun Razak goes to Christians for Peace and Harmony Malaysia (CPHM), Peace and Harmony celebration debut at Majestic Hotel at 2030 (1230 GMT)

WEDNESDAY, FEBRUARY 22 – KUALA LUMPUR-Release of January 2017 Consumer Price Index at 1200 (0400 GMT)

KUALA LUMPUR-Release of Bank Negara’s remote saves as at 15 February 2017 at 1500 (0700 GMT)

TUESDAY, FEBRUARY 28- KUALA LUMPUR-Release of January 2017 Money Supply Data at 1500 (0700 GMT)

KUALA LUMPUR-Release of Detailed Disclosure of International Reserves as at end January 2016 at 1200 (0400 GMT)

THURSDAY, MARCH 2 – KUALA LUMPUR-Release of Monetary Policy Statement at 1500 (0700 GMT)

FRIDAY, MARCH 3- KUALA LUMPUR-Release of January 2017 External Trade Statistics at 1200 (0400 GMT)

TUESDAY, MARCH 7- KUALA LUMPUR-Release of Bank Negara’s outside stores as at 28 February 2017 at 1500 (0700 GMT)

MONDAY, MARCH 13 – KUALA LUMPUR-Release of January 2017 Industrial Production Index at 1200 (0400 GMT)

WEDNESDAY, MARCH 22 – KUALA LUMPUR-Release of Bank Negara’s outside stores as at 15 March 2017 at 1500 (0700 GMT)

KUALA LUMPUR-Release of February 2017 Consumer Price Index at 1200 (0400 GMT)

FRIDAY, MARCH 31- KUALA LUMPUR-Release of February 2017 Money Supply Data at 1500 (0700 GMT) – Klse Investment Tips in Malaysia

Latest recommendation for KLSE & SGX investors. Take expert advice & make your trading successful.

Our recommendation for KLSE investors

  1. ARMADA
  2. DNEX
  3. MPAY
  4. IWCITY
  5. SEDANIA

KLSE INTRADAY SIGNALS: BUY MPAY AT 0.235 TARGET 0.245, 0.255 SL 0.220 

Our recommendation for SGX investors

  1. EZION
  2. NOBLE
  3. SUNMOONFOOD
  4. EZRA
  5. GOLDEN ENERGY

SGX INTRADAY SIGNALS: BUY SUNMOONFOOD AT 0.117 TARGET 0.122, 0.127 SL 0.111 

 

KLCI starts Monday – how to stock pick successfully

KUALA LUMPUR: Blue chips commenced the new week on a firmer note early Monday with Sime Darby, RHB Bank and Kuala Lumpur Kepong (KLK) supporting the progress. (how to stock pick successfully)

At 9.38am (how to stock pick successfully)

the KLCI was up 4.61 focuses or 0.28% to 1,669.50. Turnover was 256.71mil esteemed at RM116.40mil. There were 211 gainers, 154 washouts and 222 counters unaltered.

Then, Reuters detailed gold costs ascended on Monday on a weaker dollar and place of refuge purchasing on vulnerabilities over US approach after Donald Trump was confirmed as president last Friday.

Spot gold rose 0.5% to US$1,215.30 per ounce by 0051 GMT.

US gold prospects were up 0.9% at $1,215.10 by 0051 GMT. The dollar file, which measures the greenback against a bushel of monetary standards, fell 0.2% to 100.540.

Kenanga Investment Bank Research said it anticipates that the KLCI will see lukewarm throughout the week because of the approaching instabilities over recently selected US President Donald Trump’s managerial arrangements.

“Regardless of a more grounded than-anticipated Wall Street execution amid Trump’s first day in office, his first managerial move to pull back from the TPP (Trans Pacific-Partnership) from the very beginning will probably hose the neighborhood bourse and local conclusion.

“Diagram astute, the KLCI is still range bound inside the 1,660-1,680 year-to-date. The absence of driving force energy portrayed by the flattish MACD and RSI force pointers are embroiling a flattish exchanging week ahead.

“In addition, exchanging volume is required to be thin as we enter the long Chinese New Year end of the week break ahead.

“All in, we figure that the KLCI will exchange level inside 1,660 (S1)- 1,680 (R1) this week, with the following level of resistance and bolster found at 1,700 (R2) and 1,650 (S2) individually,” Kenanga Research said.

Among the KLCI stocks

BAT rose 40 sen to RM44.50, KLK added 14 sen to RM24.38, MISC 12 sen higher at RM7.42 while Sime Darby added eight sen to RM8.60 and RHB Bank increased seven sen to RM4.95.

Nakamichi surged eight sen to 11.5 sen. Glove creators Hartalega and Top Glove rose eight sen each to RM4.70 and RM5.24.

AirAsia fell nine sen to RM2.49 in dynamic exchange while UMW Oil and Gas shed 0.5 sen to 72.5 sen.


Our Recommendation for KLSE investors.


  1. DOLPHIN
  2. JCY
  3. HIBISCS
  4. MBSB

KLSE INTRADAY SIGNALS: BUY DOLPHIN AT 0.415 TARGET 0.430, 0.450 SL 0.380 


Our Recommendation for KLSE investors.


  1. WILTON RESOURCES
  2. TRENDLINES
  3. SEMBCORP MARINE
  4. ASL MARINE

SGX INTRADAY SIGNALS: BUY ASL MARINE AT 0.158 TARGET 0.164, 0.170 SL 0.152 

 

Foreigners make comeback on share investment malaysia

KUALA LUMPUR: Foreign investors are making a comeback to the Malaysian equity market, although it is still early days, according to MIDF Research. – share investment malaysia

The research house said based preliminary data from Bursa, foreigners mopped up RM382.8mil net for the week ended Jan 13, the highest since the third week of September.

MIDF said stronger economic data that came out since the new year showed that the Malaysian economy remained stable.

These include stronger exports and growth in retail sales (9% year-on-year) and industrial production (6.2% year-on-year), all for November.

“Foreigners were marginal net sellers as the market opened on Monday and Tuesday. The selling ended abruptly on Wednesday as foreigners turned net purchasers at RM130mil.

“The inflow peaked on Thursday as foreigners bought RM226mil, the highest since Oct 18, 2016. It receded on Friday, in line with regional trend,” MIDF said in its weekly report.

MIDF noted that foreign average daily trade value rose to RM848mil, 40% higher compared with that the week before. It is also nearing last year’s average participation of RM957mil.

“Local players took the opportunity of foreign buying to clear some position. We note that the retail market is currently active, with participation rate the highest since August,” the research house said.

For the week ended Jan 13, Tenage Nasional Bhd  (TNB) registered the highest net money inflow of RM54.49mil.

However, MIDF said its share price ended unchanged for but slightly outperformed the broader market as the FBM KLCI declined by 0.18% during the week under review.

TNB recently announced an approximately RM474mil acquisition of UK-based Vortex Solar Investments.

YTL Corp recorded the second highest net money inflow of RM8.37mil while CIMB Group saw the third highest net money inflow of RM8.26mil last week.

Meanwhile, Petronas Chemicals saw the largest net money outflow of RM10.15mil last week.

Its stock price performance lagged the market benchmark with a 0.55% drop vis-à-vis the FBM KLCI which declined by a smaller 0.18% during the review week.

Latest Hot stocks

  1. PUC
  2. IFCAMSC
  3. MBSB
  4. EWEIN

Our Recommendation for KLSE investors:

KLSE INTRADAY  SIGNALS: BUY EWEIN AT 0.735 TARGET 0.765, 0.795 SL 0.700…

Cautious start for bursa stock picks early monday as ringgit dips

KUALA LUMPUR: Blue chips started the week on a cautious footing as the FBM KLCI lost more than five points on profit taking of Kuala Lumpur Kepong, Public Bank and Maybank, extending the index’s decline from last Friday.- Stocks picks

At 9.48am, the KLCI was down 5.03 points or 0.03% to 1,667.47. Turnover was 506.89 million shares valued at RM158.05mil. There were 155 gainers, 274 losers and 276 counters unchanged.

Hong Leong Investment Bank (HLIB) Research said based on the recent strong rebound from the 1,615 level two weeks back, “we may expect further consolidation on the back of extended profit taking activities as the KLCI has hit the resistance around the 1,680-1,690 levels”.

Nevertheless, trading interest should be seen within the oil and gas sector if crude oil can rebound higher towards US$60 per barrel mark.
The ringgit fell 0.09% against the US dollar to 4.4640 from the previous close of 4.4600. But year-to-date, it is up 0.46%.

Meanwhile, oil prices inched up on Monday, supported by a weaker dollar and expectations that OPEC and other producers will cut output as part of a deal to curb global oversupply.

Brent crude futures, the international benchmark for oil prices, were trading at US$55.55 per barrel at 0035 GMT, up 10 cents from their last close. US West Texas Intermediate (WTI) crude futures were up 9 cents at US$52.46 a barrel. – Stocks picks

At Bursa Malaysia, KL Kepong fell 18 sen to RM24.02 with 5,900 shares done.

Only World group was down 11sennto RM2.18 with 1.04 million shares done, but off the  early low of RM2.12 after it announced that 14 outlets in First World Hotel, Genting Highlands would be temporarily closed from Feb 12.

Public Bank fell 12 sen to RM19.96 and Maybank shed eight sen to RM8.24.

BAT added 50 sen to RM45.30, Apex Healthcare 19 sen higher at RM4.79 and Aeon Cfedit 10 sen to RM15.26 while MSM rose eight sen to RM4.90.

Latest Hot stocks

  • PUCIF
  • CAMSC
  • MBSB
  • EWEIN

Our Recommendation for KLSE investors:

KLSE INTRADAY  SIGNALS: BUY EWEIN AT 0.735 TARGET 0.765, 0.795 SL 0.700…

Klse Stock Tips – Steady oil prices helped

KUALA LUMPUR: Steady oil costs prodded Petronas-connected stocks higher early Thursday while Maxis likewise observed some firm purchasing interest.(klse Stock Tips)

At 9.13am, the KLCI was up 3.35 focuses or 0.2% to 1,678.56. Turnover was 189.45 million shares esteemed at RM76.14mil. There were 220 gainers, 69 failures and 189 counters unaltered.(klse Stock Tips)

The earlier day saw outside assets rising as net purchasers at RM130.18mil while neighborhood retailers were net merchants at RM37.69mil and nearby establishments net venders likewise at RM892.49mil.

Oil costs were enduring at an early stage Thursday after US rough and refined item stocks sent blended messages to the market, with continuous instability over OPEC consistence with arranged yield diminishments likewise in core interest.

US West Texas Intermediate (WTI) unrefined petroleum prospects were exchanging at US$52.24 a barrel at 0040 GMT, for all intents and purposes unaltered from their last settlement, Reuters detailed.(klse Stock Tips)

Petronas Gas rose 34 sen to RM21 with 8,000 shares done while Petronas Dagangan added eight sen to RM23.86 and Petronas Chemicals increased seven sen to RM7.22.

Shell Refining added six sen to RM2.53, again opposing the takeover offer cost of RM1.92.

KL Kepong added 12 sen to RM24.24 while estates timber player Ta Ann added six sen to RM4.22. HLFG was up 10 sen to RM15 and Maxis six sen higher at RM6.18.

Best Glove fell 11 sen to RM5.24 in dynamic exchange, Maybank was down four sen to RM8.26 and Telekom three sen bring down at RM6.10.

Settle fell eight sen to RM75.92, BAT six sen bring down at RM46.52 and Heineken four sen bring down at RM16.36.

Our Recommendation for KLSE investors. 

Latest Hot stocks 

  1. IRIS
  2. HIBISCS
  3. MBSB

KLSE INTRADAY  SIGNALS: BUY HALCYON AGRI AT 0.685 TARGET 0.710, 0.735 SL 0.660 

KLSE INTRADAY  CALL: BUY MBSB AT 1.04 TARGET1.08, 1.12 SL 0.99 

Take 3 days of free trial in Klse Stock Tips in Malaysia.