Klse Malaysia Stocks To Watch Next Week- 21 Jan to 27 Jan

Market Wrap Up: Last week Bursa Malaysia index traded with lack of volume but trade higher to end the week on positive notes. Last week was mainly active for stocks which were in news. The share of MYEG raised earlier start of the week after news that it gets a renewal of courier service license; other actives included BUMI ARMADA BHD which raised on news that debt refinancing talks can result in a positive outcome and it not default on the loan.

FBM KLCI index closed 1692.22 up +9.17 (+0.54%) higher vs. previous weekly close of 1683.22. Market sentiments were positive tracking global markets and rise in Crude oil prices, China’s extra stimulus news.

Week’s top performing stocks were HEIM, CARLSBG, UTDPLT, and HTPADU while top losers were CHINTEK, LYSAGHT, MUHIBAH, and ATURMJU.

Sector-wise, the Finance Index up points to 17,528.25, the Plantation Index rose 83.40 points to 7,201.04, but the Industrial Products and Services Index each erased 1.21 points. In coming week index can trade higher to test 1700 and even above this to 1715.

SCOMI GROUP BHD (Code: 7158)

Company Overview:

Scomi Group Bhd, a global service provider mainly in the oil and gas industry, is a company listed on the Main Market of Bursa Malaysia. Other public listed companies within Scomi Group are Scomi Engineering Bhd and Scomi Marine Bhd which are listed on Bursa Malaysia, and PT Rig Tenders which is listed on Jakarta Stock Exchange. Scomi Group has been spearheading expansion in the emerging markets of Brazil, India, Gulf States, and China.

Latest News:

Scomi Group Bhd’s sub-subsidiary Urban Transit Private Limited (UTPL) have each received demand notice from India’s Axis Bank Limited for 624.63 million rupee (RM36.15 million) due to failure by UTPL (as borrower) and SEB (as guarantor) to pay under the bank facilities granted to UTPL. The company said it will not have any business, financial and operational impact of the default.

Outlook:

Stock can witness selling pressure from upside due to this negative news but the company has to give a clarification that it does not have any financial impact which is positive for the stock price. Stock can trade in a range of 0.045 to 0.080.

BERJAYA CORPORATION BHD (Code: 3395)

Company Overview:

Berjaya Corporation Berhad, an investment holding company, engages in the provision of financial services; investment, development, rental, and management of properties; and marketing of consumer products and services in Malaysia and internationally. The company also designs, constructs, and operates sanitary landfill; operates hotels, casinos, resorts, restaurants, golf and recreation clubs, bookstores, and private university and international schools; manufactures and sells garments and knitted fabrics; owns and operates Car lovers Carwash, Roadhouse Grill Restaurant, and Kenny Rogers Roasters Restaurant chains.

 Latest News:

Berjaya Corp Bhd (BCorp) has proposed collaboration with SAIC Motor Corp Ltd’s unit to manufacture, assemble and sell British car marque, Morris Garages (MG) in Malaysia. The company signed MOU with SAIC Shanghai-listed arm SAIC Motor Corp Ltd.

Outlook:

Price can trade in the range of 0.275-0.300 more upside only above if trades above 0.300.

MESINIAGA BHD (Code: 5011)

Company Overview:

Mesiniaga Berhad, together with its subsidiaries, provides information technology products and related services in Malaysia. The company offers cloud computing solutions, including infrastructure-as-a-service, platform-as-a-service, software-as-a-service, backup-as-a-service, and disaster recovery-as-a-service; maintenance services; managed services comprising server infrastructure, cloud and application, end-user computing, and network management services; network services; and cybersecurity solutions.

 Latest News:

Mesiniaga Bhd has received accepted an RM1.9 billion contract from Xiddig Cellular Communications Sdn Bhd for the commissioning of distribution and access network with related support systems for the EM-IIG project. This contract has a positive impact on financial results and EPS.

Outlook:

The stock is not liquid as other but can rise with this news to the level of 1.240- 1.250.

Benefits of Investing In Dividend-Paying Blue Chip Stocks In Malaysia

Are you serious to make a high grossing investment portfolio? Read further to know how dividend-paying blue-chip stocks in Malaysia can grow your portfolio.

Dividend-paying blue-chip stocks have a good reputation among Bursa Malaysia investors or in any other stock market. If you are a dedicated investor and you are a devoted follower of money; you can not turn your eyes from blue-chip stocks which are especially famous for the high return and high dividend.

Investing in blue-chip stocks might seem old fashioned but it will never go out of fashion. These are the company which provides their investors support even when the time is tough for the market. Many Wealthy investors prefer to dedicate a big percentage of their investment portfolio to dividend-paying blue-chip stocks.

Blue chips stocks are available in many sectors. According to information of listed company in Bursa Malaysia, blue-chip stocks are available in energy (oil and gas) sector (e.g. Petronas Gas), Banking (e.g. AMMB Holdings, Public Bank), Telecommunication (e.g. Telekom), etc.

You might get the idea what are blue-chip stocks.

But, There is more to know.

 

What Are Dividend-Paying Blue Chip Stocks?


“Blue Chip” word came from a poker game, these are the chips with high value. Blue chips stocks are the companies which qualify with qualitative and quantitative.

Blue chip stocks are the companies which make a high-quality product and provide quality service and are recognized in national and international level. These are the companies have the tag of too-good-to-fail.

Below are the few characteristics of dividend-paying blue chip stocks of Bursa Malaysia Investment.

1. They have the regular solid balance sheet and financial statement. The product/service diversification offered by them is known globally.

2. They provide a high return on capital, also known as return of equity to their common shareholder. This is the one factor to trust blue chip stocks

3. They are considerably larger than other companies listed in Bursa Malaysia. Their reachability in domestic as well global market makes them the largest enterprise.

4. Over the decades they have established the record of stable income.

5. They frequently repurchase the stocks whenever the stock price is becoming and profitable to make earning.

6. They are famous for uninterrupted dividend payment delivery to their investors. That’s what makes investors hold on to share of blue-chip stocks.

7. The share prices of blue-chip stocks are expensive than other regular stocks due to their reputation and stability.

But, What are the benefits of investing in dividend paying blue chip stocks in Malaysia Stock Exchange?

By now you I know you might be almost convinced why you should invest in Blue Chip Stocks.

But you should always do absolute research and gain a thorough knowledge before investing in any types of stocks.

 

Benefits Of Investing In Dividend-Paying Blue-Chip Stocks.


Assured Dividend Payment

Why do we invest in stocks?

To make some money. Don’t we?

The dividend is what helps us to make most of the money while in investing in Bursa Malaysia stocks.

If you are investing in Blue chip stock, one thing you can make sure that you will always be paid by the high dividend on regular basis. As blue-chip stocks have crossed the growth state, they remain in stable financial condition, therefore they are able to pay a regular dividend. Assurity of the dividend is the utmost importance when you invest in stocks. While investing in High Dividend Blue-Chip stock, dividend gives you moral support and motivation for future investment.

Steady Earning

As we have discussed earlier blue-chip stocks have a stable income. Therefore, major investors also have stable earning too, who have invested in blue-chip stocks. As these companies are too good to fail, they provide a safe place especially during the time of financial crisis. When the market goes bearish, you don’t have to worry about the losses or return on your investment. You will get your dividend payment no matter what.

Diversification

Every potential investor emphasize on diversification.

Diversification in investment is, investing more than one type of investments. Even in stock investment, you should invest in various types of stocks. There are small, mid and large caps stocks. And, of course, blue chip stocks.

Blue-chip stocks are always considered as good for diversification of investment portfolio. As they don’t get much affected by a weak market condition, hence if you lose some money in some stocks, you will always have an income generating portfolio while investing dividend-paying blue-chip stock of KLSE Investment.

Advantage Of Competition

Blue chip stocks get competitive advantages because of their goodwill, cost efficiency and their reputation in the market. Investors of the blue-chip also get the advantage of this.

If a company has to attract consumer and maintain stable consumption of its product/service it will perform better on daily basis. More consumption means more consumers mean more revenue generation. And more revenue means a high return to the investors/stockholders.

You might be wondering, you will need a large amount of ringgit to invest in blue chip stock in Bursa Malaysia.

Not exactly!

If you don’t have much capital to invest in so many dividend-paying blue chip stocks, do not worry. You can invest in the basket of blue-chip stocks. You can invest via ETFs or unit trust fund. ETFs are exchange-traded funds, that trade index, commodity, a basket of stocks and other assets.

 

Conclusion


All wealthy investors choose to diversify their investment portfolio with blue-chip stocks. They are a stable and steady source of income. There are many high dividends paying blue chip stocks available in Bursa Malaysia which you can choose to invest in. During the time of financial crisis, blue-chip stocks pay their role as a safe haven.
                            

Are you interested in investing dividend-paying blue-chip stocks of Bursa Malaysia? MMF Solution offers stock signals and latest KLSE stock news on daily basis. Subscribe to our 3-days free trial for the latest blue-chip stock signal in KLSE, contact us now!

 

Why This Bursa Malaysia Blue Chips Stock Investor Should Buy : PETRONAS Gas Bhd

Petronas Gas Bhd can get back on strong sales volume from utilities segment and rise in crude oil prices.

Petronas Gas Bhd is the 12th most profitable company and the most profitable company in Asia and one of the top performing company in Bursa Malaysia.

Mid 2018 was tough for oil and gas company due to fluctuation and high volatility of crude oil price. But due to the recent rise in crude oil price, there seems a good future for oil and gas company in the coming future.

The Multi Management future solutions have chosen Petronas Gas Bhd for investment in Bursa Malaysia for the Malaysian investors who are interested in the energy sector.

Before investing in Petronas you need to know its fundamental and technical review.

About PETRONAS GAS BHD (KLSE: PETGAS 6033)

PETRONAS Gas Bhd is a Malaysian oil and gas company. Petronas is standing for Petroliam Nasional Berhad, it is a national petroleum company. It is wholly owned by the government of Malaysia. PETRONAS Gas Berhad was incorporated as a private limited company on 23 May 1983, under the Companies Act, 1965 of Malaysia, and was converted to a public limited liability company on 28 March 1995 listed in Bursa Malaysia on 4 September 1995.

At present, it has grip in 35 countries. It works in upstream exploration and production of oil and gas, downstream oil and gas refining, marketing and distribution of petroleum product, shipping and automotive engineering. It is also involved in property investment.

It has ranked in Fortune Global 500 among largest corporation. In 2013 it has come in 75th rank.

Latest News:

The Company has entered into the second term of the Gas Processing Agreement (GPA) with PETRONAS, which will continue till Dec 31, 2023.

The 8% increase in fixed reservation charge and better terms in performance-based structure (PBS) could raise the gas processing division’s revenue. 

For 2019, the tariff for the GPU is RM1.072 per gigajoule, down from RM1.248 per gigajoule this year, while the tariff for RGTSU is RM3.518 per mln British thermal unit (mmBtu) and RGTP is US$0.637 per mm BTU. (Source Edge Daily).

Fundamental Overview Of PETRONAS GAS BHD
 

1.  Revenue for the nine months period ended 30 September 2018 stood at RM4, 110.9 million, an increase of 3% compared to the corresponding period mainly contributed by the Group’s new LNG regasification terminal in Pengerang.

2. Profit for the period was RM1, 565.8 million, rose by 19.8% or 3 million in tandem with higher PBT and lower effective tax rate due to tax incentives granted to the Group.

3. The Board of Directors has approved a third interim dividend of 18 sen per ordinary share amounting to 2 million in respect of the financial year ending 31 December 2018.

Fundamental Data PETRONAS GAS BHD:

Market Capitalization (RM)(M) 35260
No. of Shares(M) 1979
Earning Per Share (MYR) 0.96
Dividend(cent) 0.18
Dividend Yield(%) 3.56
Trailing PE 19.61
52 Week price Range(RM) 16.56-20

Key Highlights:

1.  The company reported interim DPS of 18sen was declared, bringing total DPS for 9M18 declared to 50sen – a 66% payout.

2. 3Q18 core earnings eased 2% QoQ but surged 22% YoY while 9M18 rose 16% to come in ahead of ours and consensus’ estimates at 78%.

Technical Overview Of PETRONAS GAS BHD
 

PETRONAS Gas Bhd

On weekly charts stock trending in the rising channel with a slope of the channel not as steep, Upper end of channel forms by joining swing highs of price action recent resistance comes at 20 and lower support comes at the level of 17.

In recent week price breaks below the lower support line and closing basis, it confirms the break of this major support line. This can lead price to test support of 17 but momentum need to pick up to confirm this and continuous trade below 17.50. Price bounce back from this support earlier two times rose to 19.20.

65-week simple moving average offers support for multiple times as price took to support and move higher visible on the chart.

If price manages to hold above 18 can lead price higher. 

Stocks major support and resistance level were as below:

Symbol S3 S2 S1 Pivot R1 R2 R3
PETGAS BHD 17.59 17.99 18.23 18.63 19.03 19.27 19.67

The MMF Takeaways:

Currently trading at MYR 18.760 which is 2.74% increase in the price as in 10th January. Petronas is a highly reputed company in Bursa Malaysia. After doing its technical analysis and considering news related to the energy sector we recommend you to invest in Petronas Gas Bhd. But we also recommend you to use your research and analysis before taking a step.

We provide updated market news and Malaysian positional stock picks on a daily basis. Subscribe to our 3-days free trial for expert advises on KLSE investment. Contact us now- MMF Solutions

Bursa Malaysia- Checklist For KLSE Investment 2019

Starting your investment journey can be exciting as well as scary. This checklist will help you to start investing in Bursa Malaysia without any mistake.

“You only have to do a very few things right in your life so long as you don’t do too many things wrong.”- Warren Buffett

 

 

That is unquestionably correct. Isn’t it?

If you start with the right approach in the right direction you can reach the finish line with rewards.

Investment is a skill that everyone is considering now and if you are a beginner you will need proper guidance to start.

Everyone in the modern days wants to increase his earning. Considering inflation, the need for a better lifestyle and retirement plan, child education loan etc, it is a requirement of the time.

When you are a beginner in investing it is a bit difficult to select the best stocks available in the stock market and how to take the first step. There will be many questions that you might be asking yourself or on the internet.

For example,

1. Which sector should I choose to invest in?

2. Which investment path should I go?

3. What are the criteria to select the best company to chose from Bursa Malaysia?

4. How to chose a broker or investment advisory services?

But you don’t have to answer all the question together. Multi Management Future Solutions is here for you! Below is the checklist-

KLSE Investment Tips 2019 For Beginners.

1. Start With Financial Plan

Financial planning is to make a strategic blueprint for all your moves in future for your investing journey. To start investing, you have to make a plan so that you don’t drown when things go south in the market. It will work as your backbone.

There are a few things that you have to consider to make a financial plan before investing.

Examine Your Budget:

To examine your budget whether you are doing accurate or not, you can try the 50-30-20 rule. You have to make sure that 50 percent of your budget should go in household expenses including groceries, 30 percent for food, outing, and travel and 20 percent in savings.

If you are managing this efficiently you can plan further to invest your money in the stock market or other investment instruments.

Always Separate Emergency Fund:

An emergency can come without any notice and if you are jumping to investment without any emergency fund you are making fool out of yourself.

But you are not a fool. Are you?

So always keep some amount of money aside for emergency fund before investing.

Make Yourself Debt Free:

Can you swim better with tonnes of the load in your back?

NO.

Similarly, you can not become a potential investor of Bursa Malaysia or any other stock market with debt in your head.

Therefore clear all your debt before starting investing.

To make your financial plan check if you are insured, be clear of your investment objectives. Decide whether you are comfortable with monthly investing or lump sum investing.

A financial plan helps you to reach your financial goal, about which I am going to talk in the next section.

 

2. Make A Financial Goal To Stay Focused

There is a lot of difference in investing thinking and investing methods when you invest in college age and when you are a working adult. Your perception towards investment changes with time and experience.

When you are a working adult you think about all kind of risk factors, your loss, and profit plan. For an economical beginning, you must decide what are your personal financial goal. These question will help you decide your financial goal.

1. How much money do you want to invest?

2. How much is your risk tolerance capability?

3. Why are you investing now?

4. Are you here for a long term or short term?

Do not just jump in investing without any planning. Without a proper goal or plan, you might fail miserably in investment journey.

But,

slow and steady wins the race

So take your time to figure out your decent financial goal before investing in Bursa Malaysia.

 

3. Open A Stock Brokerage Account

When you will begin investing in the KLSE stock market you will need a stock brokerage account and CDS (Central Depository System) account for trading. CDS is an account that keeps your Malaysian stocks which you have already bought. It is controlled and maintained by Bursa Malaysia directly, with no link to the brokerage house.

Many brokerage firms also help in opening a CDS account. But choosing a reliable stock brokerage firm can be drudgery. To make your investment journey smooth and productive you should find an authentic brokerage firm or an investment advisory service.

Brokerage firms and investment advisory services mainly differ in the varieties of service they provide and the brokerage fee. Some of the brokerage firms also provide overseas market coverage, analysis reports, and customer service.

You can check the service list on their website or you can also try the free trials they provide for 3-4 days.

You can trade via brokerage firms or the trading account.

 Moving ahead,

 There is more than one type of account in the stock market.

Cash Accounts– Cash account is the account in which client pay for all his securities in cash and there is no credit available on his account. In a cash account, you can only buy a long position.

Margin Account– In this, an investor pays for a percentage of securities he purchased by using credit. The brokerage stretches the credit and uses the securities as collateral. In this account, you can buy both a short and long position.

Option Account– In option account client need to share his financial situation, investment objectives, past experience in investment. Option account is not for everyone. Only puts and call is traded-in in this.

 

4. Strong Portfolio Building

You might have heard about the phrase “Don’t put all your eggs in one basket”.

In the stock market, your money is your egg and stock is the basket. When you invest in only one stock or only one variety of stocks you are increasing your risk factors.

There are more than 800 companies listed in Bursa Malaysia in various sectors. You can do research on which sectors are flourishing in the Malaysian economy and invest in them accordingly.

Always choose diversified and strong portfolio to make your investment more profitable. You can also choose to invest in different assets like bonds, gold, and more.

 

5. Individual Stocks vs ETFs, Know Better Before Choosing

ETFs or Exchange Traded Funds are the listed fund mainly consists of blue-chip stocks, that tracks an index. You can say it is a pool of fund investors for the benefits of all investors.

You can invest in the best companies in Bursa Malaysia by investing in ETFs.

While investing in individual stocks or company you have to understand the company and you have to be aware of the company announcement.

Its totally depend upon the knowledge and interest of you if you want to interest in ETFs or individual stocks.

 

6. Evaluate The Stock With Caution

While investing in Bursa Malaysia as a beginner you have to learn how to evaluate stocks. Even experts sometimes fail to evaluate in a proper way and fails to get good returns.

The stock market is more like an auction where many people participate. Anyone who thinks that this stock worth more than its current price, he can bid a higher price. The stock price is the higher price the buyer is willing to pay and the lowest amount is the seller is willing to pay.

While evaluating stock always check its balance sheet, dividend history, its domestic and global recognition, the rate of return, dividend yield, etc.

 

7. Be In It For Long Term

“If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes” – Warren Buffett

Isn’t it practical?

Investment is not short-term gratification. You should be patient with stock investing. It’s a skill which takes time to give you a high return.

When you are entering in stock market investing, you should always go for long-term. The stock is the asset with short-term volatility risk which gives a high return on long-term.

This is the checklist for a beginner to start investing in Bursa Malaysia.

But,

We do not recommend you to follow this blindly. Always use your knowledge, your research, and judgment to select any stocks or any investment strategy.

Bottom Line

Selecting your first stock can be very intriguing. Your first move usually makes your opinion about the journey. And, your investing path will be profiting and rewarding if you measure your goals and take calculated risks.

There are hundreds of choices for the stocks listed in Malaysia Stock Market, use above checklist before investing in Bursa Malaysia.

Don’t stay behind! Subscribe to our 3 days free trial now for expert investing advice for KLSE market with updates stock signals. Contact us now- MMF Solutions

5 Major Mistakes Millennials Can Make While Investing In Bursa Malaysia


Whether you are a beginner or a savvy investor or a millennial, you can make mistakes anytime in investment. When you invest return and risk comes hand in hand and if you are not aware of grand mistakes which you can make while investing in Bursa Malaysia you can end up losing money. But do not worry this blog is not to demoralize you from investing, it is about how you can be a smart investor and how you can make sure that your money is working for you.

Here are 5 major mistakes which you can make while investing in Bursa Malaysia.

Not Considering Risk Management


What can be the best suggestion you can get for investing in Bursa Malaysia?  

As Warren Buffet says 
“Rule No 1 Never lose money, Rule No. 2 Never forget Rule No 1” 

And how can you make sure that you don’t lose money? It is simple; By using Risk Management. In share market return always comes with risk, higher the return mean higher the risk. If you want to earn money rather than losing it you have to check your risk tolerance capacity.  In Risk Analysis we devise a methodology in which we identify this kind, assess, reassess and treat the risk. Risk can be mitigated by considering: 

1.BY SETTING STOP LOSS POINTS 
2.DIVERSIFIED PORTFOLIO
3.LEVERAGE
4.TRENDS OF MARKET

 If you are not thinking about risk management you are just relying on luck and that is not very smart.

It’s not always about luck as Robert Kouk of Kouk Group (Top in Forbes List 2018) says “MORE THAN 90% IS THE HARD WORK THE REST IS LUCK”

Ignoring Fundamental Analysis

Let me first tell you what is fundamental analysis. When any company shares its expenses, capital, net worth, profit, loss it has done over the quarter or year this is called fundamental analysis. Not everyone can understand the jargon of technicality of the stock market but an investor can surely understand the fundamentals. Fundamentals are the foundation of your investment if you avoid this, your building may fall down. So before investing do some fundamental analysis about the company you want to invest like. Investing is not rocket science as Investing Giant Warren Buffet says,

“You don’t need to be a rocket scientist. Investing is not a game where the guy with 160 IQ beats the guy with 130 IQ”

Investing Without Planning

“Failing To Plan Is Planning To Fail.”
You must have heard this quote many a time in your life but how many times did you apply when you were hovering over Bursa Malaysia and when you were thinking about investing in it. Planning your investment is very important,you need to plan how much return you want by the end of this month, this year;you need to know which company can give you a higher dividend,you need to know how many lots will be enough to buy where you can avoid maximum risk;what is best time to trade and for that you need to know to trade in Bursa Malaysia. 

Here you can learn about 7 Steps To Find Best Dividend Stock In Malaysia. 
Here you can know more about Top 5 High Dividend Paying Stock Bursa Malaysia.

Learning Too Much Too Wrong

This is the time of abundance of information in your fingertip. You can go to the internet and learn about investment from unlimited websites. But how will you know whatever you are learning——- and from where you are learning is authentic or not. You have to know better and for that, you have to invest time in research about the authenticity of the website.

 Making Emotionally Driven Decisions

I know we are human and we are prone to get emotional doing anything in our life. But can you make emotionally driven decisions when it can cost you thousands or sometimes millions of ringgit? No, you cannot.

The two big emotions that affect the investing are GREED AND FEAR.

Suppose you invested in Top Glove in 2018 and you earned bonuses and high dividends. In 2019 you invest again in the same company without doing any of your homework because you are being greedy and you lost. There are many reasons that can affect the Malaysian Economy and you should be aware of it. Same goes for fear if you lose in certain transact you avoid doing the same transact again. Here also you should learn about the current market.

Solution By Multi Management Future Solutions

Final takeaways from us are, be careful while investing and be aware of the above mistakes. Plan before you invest in Bursa Malaysia; be aware of risks, avoid greed and fear in decision making, do your homework by using authentic sources and do not ignore fundamental analysis.

To enhance your knowledge about the market trend in Bursa Malaysia you can learn from the link mention below-

Here you can know about advice service Financial advisory service in Malaysia 
Here you get point to consider before entering Bursa Malaysia Important Points to Consider Before Entering the Malaysia Share Market

 

KLSE Stock News- Malaysia stocks open lower on Wednesday, Bursa Shares Continues Slide ahead of US Federal Decision

Kuala Lumpur: Bursa Malaysia continued its slide by opened its share prices lower on Wednesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 6.49 points to 1,787.98 at 9.01am. The trading volume was 115.48 million shares valued at RM53.74mil. There were 117 gainers versus 78 decliners and 179 counters unchanged. 

The consistency in share slide as global markets traded mixed ahead of decisions made at a two-day US Federal Reserve meeting set to end on Wednesday. Traders are broadly expecting the Fed to raise interest rates for the third time this year at the climax of the meeting in another round of tightening.

Stock Price Penetration

Pestech International Bhd, move higher  8 sen to RM1.53 as the group finally secured the Gemas-JB double track electrification project worth RM399mil. Other gainers included Scientex Berhad, which rose 14 sen to RM8.75 and UMW, pushing six sen higher to RM5.12.

On the losing end, Lotte Chemicals Titan shed 6 sen to RM5.01. Plantations were also seen to weigh with Sime Darby Plantation losing 5 sen to RM5.25 and IJM Plantation slide 3 sen to RM2.43.

Global Currency Market

The ringgit was almost unchanged against the US dollar in early trade Wednesday. At 9 am, the local currency stood at 4.1350/1400 against 4.1350/1390 recorded on the previous day. 

The ringgit traded mixed versus other major currencies
1. It rose against the Yen to 3.6609/6657 from 3.6638/6677 on Tuesday and strengthened against the Euro to 4.8628/8691 from 4.8644/8699. 
2. It depreciated against the Singapore Dollar to 3.0280/0321 from yesterday’s 3.0273/0309 and weakened against the British Pound to 5.4479/4561 from 5.4400/4465.

Commodity Market

The Brent oil fringe further away from a four-year high on Wednesday down 43 cents at US$81.44 a barrel. Earlier on Tuesday, Brent hit its highest since November 2014 at US$82.55 a barrel.

The US crude futures were down 40 cents at US$71.88 a barrel. The US said it would ensure crude markets are well supplied before the penalties are re-imposed on Iran.

 

 

KLSE Stock News- Bursa Malaysia Open Lower On Tuesday; Axiata leads decline on Bursa Malaysia

Kuala Lumpur: MALAYSIA share prices opened lower on Tuesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 2.57 points to 1,797.60
The trading volume was 96.63 million lots worth RM38.75 million and there were 311 advancers versus 337 decliners and 371 counters unchanged.

Loser Stocks

The biggest fall was seen in Axiata in the morning session, losing 16 sen to RM4.61 and Genting Malaysia shed four sen o RM5.02 while TNB dropped four sen to RM15.48. There was no change was seen in Banks although CIMB slid two sen to RM6.01. The stock had fallen as much as four sen earlier in the trading session.

Gainer Stocks

Petronas Dangangan is the top performer on the index by rising 20 sen to RM26.56 and Petron Malaysia BHD also performs well by adding 18 sen to RM8.38. 
Pinehill Pacific, the share price had jumped nearly four-fold over the previous two sessions on news of the sale of its Perak assets for RM414mil finally gave up some gains. At midday, it had slipped 8.5 sen to 45.5 sen.

Global Market

Tuesday’s morning session given the negative sentiment surrounding the escalation of the US-China tariffs war and prospects for global growth. 
The regional markets were mixed, with declines led by Chinese markets on their first day of trading after a holiday-extended weekend. Despite the bearish mood, the local market held relatively steady as stocks on the exchange were quite evenly split between gainers and losers.

Commodity Market

Oil prices were within reach of four-year highs hit in the previous session, as US appear sanctions against Iran and unwillingness by the Organization of the Petroleum Exporting Countries (OPEC) to raise output supported the market. 
WTI crude grew 15 cents to US$72.23 a barrel while Brent crude added 23 cents to US$81.43 a barrel.

Currency Market

The ringgit slipped 0.15% against the greenback at 4.1350. It was marginally higher against the pound sterling at 5.4138 and Singapore at 3.0265.

 

KLSE opens higher on Friday with the FTSE Composite Index up 8.06 points to 1,811.76

KUALA LUMPUR: KLSE share prices opened higher on Friday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 8.06 points to 1,811.76 at 9.01am. Trading volume was 42.48 million lots worth RM22.38 million. Gainers exceeded decliners 376 to 310 with 350 counters unchanged. 

Bursa Malaysia extended its gains in a broad-based rally as confidence grew that countermeasures to protect the impact of the trade war would counterbalance the pessimism.

Global Markets

Regional markets were on the rise on Friday with Japan’s Nikkei, Shanghai Composite Index and Hong Kong’s Hang Seng rising nearly 1% each. South Korea’s Kospi was up 0.4%.

Genting Malaysia rose for a second straight session by 11 sen to RM5. There were only two decliners on the 30-stock index, comprising Genting shedding three sen to RM7.95 and IOI losing one sen to RM4.58.

Lion Industries was actively traded for a third successive session by 6.5 sen to 98.5 sen. My EG also picked up three sen to RM1.79. The stock has chalked up a 160% increase in share price since it bottomed out at 68.5 sen on June 4.

Banking Stats

Banks continued their rally with Maybank adding one sen to RM9.80, Public Bank rising two sen to RM25.04, CIMB gaining one sen to RM6.15 and Hong Leong Bank lifting four sen to RM20.84.

Currency Stats

The ringgit strengthened 0.2% against the greenback at 4.1298. It slides 0.4% against the pound sterling at 5.4807 and 0.16% against the Singapore dollar at 3.0279.

Commodity Market

Oil market prices were mixed following US President Donald Trump’s call on Opec to lower prices. US crude fell nine cents to US$70.23 a barrel while Brent crude rose seven cents to US$78.77 a barrel.

 

Malaysia Stocks Exchange has Climbed Higher in Four Straight Sessions

The Malaysia securities exchange has moved higher in four straight sessions, assembling in excess of 10 focuses or 0.6 percent en route. The Kuala Lumpur Composite Index presently rests simply over the 1,765-point level despite the fact that it might come up short on steam on Friday.

The worldwide gauge for the Asian markets is blended to lower, with innovation stocks anticipated that would weigh. The European markets were up and the U.S. bourses were blended, and the Asian markets are relied upon to take after the last lead.

The KLCI completed marginally higher on Thursday following blended exhibitions from the money related offers and the ranch stocks.

For the day, the file included 2.45 focuses or 0.14 percent to complete at 1,766.23 in the wake of exchanging in the vicinity of 1,762.15 and 1,769.22. Volume was 3 billion offers worth 2.7 billion ringgit. There were 618 decliners and 335 gainers.

Among the actives, Axiata dove 3.83 percent, while Tenaga Nasional took off 1.48 percent, Maybank spiked 0.92 percent, Sime Darby bounced 0.81 percent, Genting tumbled 0.81 percent, Kuala Lumpur Kepong climbed 0.57 percent, Telekom Malaysia slid 0.52 percent, IOI Corporation and Digi.com both dropped 0.22 percent, CIMB Group shed 0.17 percent and Petronas Chemicals and Hong Leong Bank both included 0.11 percent.

The lead from Wall Street is uncertain as stocks turned in a blended execution on Thursday following the solid upward move multi-day sooner.

The Dow climbed 112.97 focuses or 0.44 percent to 25,527.07, while the NASDAQ drooped 80.05 focuses or 1.01 percent to 7,852.18 and the S&P 500 dropped 8.63 focuses or 0.30 percent to 2,837.44.

A striking decrease by Facebook (FB) weighed on the NASDAQ after the online networking goliath announced superior to expected second-quarter income yet weaker than anticipated incomes.

Different stocks profited from news President Donald Trump and European Commission president Jean-Claude Juncker consented to work towards killing exchange boundaries on modern merchandise.

In the monetary news, first-time claims for jobless advantages in the U.S. demonstrated an unassuming increment in the week finished July 21st, as per a report discharged by the Labor Department.

Unrefined petroleum costs moved higher on Thursday, expanding picks up for a third progressive session, on a greater than anticipated drop in U.S. unrefined inventories. Raw petroleum prospects for September wound up $0.31 or 0.4 percent at $69.61 a barrel on the New York Mercantile Exchange.

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