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.

 

Stock Picks- KLCI over 1,750 early Thursday as Tenaga, HL Bank progress

KUALA LUMPUR: Blue chips climbed early Thursday supported by picks up in Tenaga Nasional and Hong Leong Bank and pushed the FBM KLCI (Stock Picks) simply over the key 1,750 level.

At 9.24am (Stock Picks),

the KLCI was up 3.93 focuses or 0.23% to 1,750.56. Turnover 325.05 million offers esteemed at RM122mil. There were 211 gainers, 156 failures and 217 counters unaltered.

Reuters revealed Asian markets offered a quieted response on Thursday to the entry of US tax breaks . Advantages to organization main concerns were at that point prepared into stock costs. While securities were spooked by the victory in government obligation expected to subsidize the giveaways.

MSCI’s broadest list of Asia-Pacific offers outside Japan plunged 0.1% in thin exchange (Stock Investment Tips), while Australian stocks lost 0.3%. Japan’s Nikkei facilitated 0.3%, however a softening yen ought to give some help to exporters.

Kenanga Investment Bank

Research trusts that the general specialized picture has enhanced altogether finished the previous month with the MACD pointer now in a bullish state .The KLCI (Klse Investment Picks) having bottomed-out positively following a three-month downtrend.

“As the year-end happy season moves nearer, anticipate that exchanging volumes will decrease and the likelihood of a consolidative respite between the 1,734 (S1) and 1,750 (R1) levels.

“Any breakout over the R1 level will however set our sights on 1,800 (R2) next. Opposingly, any break beneath the S1 bolster level is considered as exceptionally negative and could trigger a capitulation towards 1,729 (S2),” it said.

Among the KLCI stocks (Stock Tips), KL Kepong rose 32 sen to RM24.84. HL Bank 24 sen to RM16.96 while BAT and Tenaga picked up 10 sen each to RM35.20 and RM16.46.

Settle was the best gainer, up 38 sen to RM99.98 with 1,000 offers done.

Vitrox kept on riding the innovation wave, up 12 sen to RM6.52.

Benefit taking saw glove producers falling off their recoird highs. Kossan lost 28 sen to RM8.18, Hartalega lost 26 sen to RM11.14 .Top Glove 20 sen bring down at RM7.85.

Perdana Petroleum fell 5.5 sen to 30.5 sen with 25 million offers done after Bursa Securities (Share Investment Tips) lifted the stop on the offer cost. It hit restrain down on Monday and Tuesday.

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

Klse Stock Pick- Aeon Credit, Genting slump early Thursday

KUALA LUMPUR: Bursa Malaysia began Thursday on a careful note with Eon Credit (Klse Stock Pick), Genting Bhd and Sime Darby Plantation among the greatest decliners.

At 9.25am (Klse Stock Pick),

the FBM KLCI was down 1.3 focuses or 0.07% to 1,736.36. Turnover was 293.56 million offers esteemed at RM131.58m. There were 214 gainers, 137 washouts and 249 counters unaltered.

On the outer front, Asian stocks edged higher after the Federal Reserve conveyed an eagerly awaited financing cost climb yet hailed alert about expansion, treating desires for future fixing (Klse Investment Picks), which weighed on the dollar and Treasury yields, Reuters revealed.

The Fed’s less hawkish articulations bolstered MSCI’s broadest list of Asia-Pacific offers outside Japan, which rose 0.3%.

Australian stocks included 0.2% and South Korea’s KOSPI climbed 0.55%. Japan’s Nikkei crept up 0.1%.

At Bursa Malaysia (Share Investment Tips), Eon Credit tumbled to an early low of RM12.70 after the Inland Revenue Board slapped the organization with extra duties and punishments of RM96.82mil. It was down 30 sen to RM12.94.

Genting Bhd fell 13 sen to RM8.95, Sime Plantations lost 10 sen to RM5.28. Padini and Unisem six sen each to RM5.32. RM3.29 while Genting Malaysia shed six sen to RM5.58.

Petron fell six sen to RM12.94 yet Hengyuan rose 20 sen to RM12.66.

LPI rose 26 sen to RM18.40 (Stock Tips), Hong Leong Bank picked up 20 sen to RM16.78, Yinson climbed 12 sen to RM3.88 and MAHB 10 sen higher at RM8.44.

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

Stock Investment Tips- Sime Darby in center as KLCI progresses early Thursday

KUALA LUMPUR: Blue chips progressed early Thursday lead by Sime Darby KLSE (Stock Investment Tips) , which was recorded without its ranches and property units.

At 9.30am (Stock Investment Tips),

the FBM KLCI was up 3.63 focuses or 0.21% to 1,724.01. Turnover was 261.38 million offers esteemed at RM195.14mil. There were 179 gainers, 210 failures and 269 counters unaltered.

Kenanga Investment Bank Research said in its specialized standpoint for the KLCI (Stock Picks) that graph shrewd, the record gave some bullish hint after exchanged the dark all through the session.

“Yesterday’s turn likewise affirmed Tuesday’s ‘Sledge’ design which flag a potential close term recuperation. The list needs to break over 1,734 (R1) level before we could re-rate the general specialized picture from our more extensive negative perspectives.

“Regardless, at current express, the record stays one-sided on the drawback with pointers does not give any important indications of potential bullish inversion,” it said.

Oil markets opened carefully

on Thursday in front of the result of an OPEC meeting in Vienna later in the day (Stock Tips), with individuals set to wrangle about the way for an expansion of the gathering’s supply-cut understanding, Reuters revealed.

US West Texas Intermediate (WTI) rough prospects were at US$57.33 a barrel at 0108 GMT, essentially unaltered from their last settlement. Brent rough prospects had not exchanged around then.

The news wire

likewise detailed Asian offers fell on Thursday, burdened by a dive in high-flying innovation shares, a move that some observe as a sound revision after a solid rally however others accept may proclaim the pinnacle of a “super cycle” that has been boosting the division.

MSCI’s broadest record of Asia-Pacific offers outside Japan dropped 0.5% percent (Share Investment Tips), with innovation bellwether Samsung Electronics falling 2.9% to two-month lows. Japan’s Nikkei plunged 0.3%.

At Bursa,

Sime Darby was the star entertainer, up 51 sen to RM2.36 with 15.89 million offers done.

Be that as it may, Sime Property fell 23 sen to RM1.27 with 4.02 million offers and Sime Plantations lost 11 sen to RM5.48.

F&N rose 18 sen to RM25.78 and BAT 18 sen higher additionally to RM36.10.

Old Town rose 17 sen to RM2.60 (Klse Investment Picks), PMB Tech and Petronas Dagangan added 12 sen each to RM4.02 and RM24 while PPB Group picked up 10 sen to RM16.72 and Hartalega eight sen to RM9.58.

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1. SCOMNET

2. CNOUHUA

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Stock Advisory- Petronas stocks shore up KLCI early Thursday

KUALA LUMPUR: Petronas-connected stocks helped shore up the FBM KLCI (Stock Advisory) early Thursday as it set out toward the fourth straight day of misfortunes with CIMB among the decliners.

At 9.25am (Stock Advisory),

the KLCI was down 0.49 point or 0.03% to 1,722.50. Turnover was 335.66 million offers esteemed at RM103.84mil. There were 137 gainers, 239 failures and 285 counters unaltered.

Japan’s Nikkei share normal rose on Thursday as purchasers ventured back in for deals following six straight days of misfortunes, with SoftBank increasing after a report that it intends to put as much as US$25bil in Saudi Arabia, Reuters announced.

Maybank Investment Bank

Research said since Wall Street finished comprehensively lower (Share Trading Tips), the nearby securities exchange will probably expand its losing streak on Thursday.

“Locally, there is not really any impetus to drive the benchmark higher. O&G stocks could go under weight in the midst of weaker oil costs.

“In fact, we anticipate that KLCI will exchange in the vicinity of 1,718 and 1,730 today. Drawback underpins have been reexamined to 1,713 and 1,700,” it said.

Oil advertises on Thursday were overloaded by rising US rough creation and inventories, however costs were kept from falling by desires that Opec will broaden a progressing generation cut amid a meeting toward the finish of this current month (Stock Picks), Reuters announced.

Brent rough fates,

the worldwide benchmark at oil costs, were at US$61.89 per barrel at 0100 GMT, two pennies over their last close.

US West Texas Intermediate (WTI) rough fates were at US$55.33 a barrel, unaltered from their last settlement.

Petronas Gas and Petronas Dagangan added 22 sen each to RM17.10 and RM23.30 while Petronas Chemicals increased seven sen to RM7.32. Hengyuan picked up 12 sen to RM10.12.

PMB Tech added 20 sen to RM4.03 (Stock Recommendations), Atlan and Tong Herr nine sen higher at RM4.45 and RM3.74 while Zhulian added seven sen to RM1.89. Scientex increased six sen to RM8.79.

Palette Multimedia

added 1.5 sen to 40.5 sen with 7.5 million offers done.

Geshen was the best washout, down 24 sen to RM2.06, PPB Group 18 sen bring down at RM16.52 while Nakamichi dove 8.5 sen to 2.5 sen.

Ann Joo lost six sen to RM3.80 (Stock Trading Signals) while Press Metal surrendered five sen to RM4.82.

CIMB and Affin fell five sen each to RM5.95 and RM2.41.

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

Klse Stock Signals- Petronas Dagangan supports KLCI early Monday

KUALA LUMPUR: Petronas Dagangan’s solid profit and profits supported the FBM KLCI’s (Klse Stock Signals) progress early Monday, helped by picks up in MISC and MAHB.

At 9.23am (Klse Stock Signals),

the FBM KLCI was up 2.02 focuses to 1,744.30. Turnover was 432.30 million offers esteemed at RM187.38mil. There were 243 gainers, 138 washouts and 270 counters unaltered.

Asian offers ventured back in careful early exchange on Monday as financial specialists hope to see whether US Republicans can pound a duty change bargain rapidly (Intraday Stock Signals), while the British pound fell on developing questions over Prime Minister Theresa May’s administration, Reuters announced.

MSCI’s broadest list of Asia-Pacific offers outside Japan plunged 0.15% while Tokyo’s benchmark Nikkei dropped 0.7%.

Hong Leong Investment Bank (HLIB) Research said advertise opinion stays feeble as the KLCI has not possessed the capacity to recover an area over 1,750.

“Likewise, the continuous November revealing season may send unpredictable exchanging developments on the stocks.

“Ought to there be a failure in income on innovation and O&G divisions, it might trigger some offering exercises after the run-up as of late,” said HLIB Research.

Petronas Dagangan hopped RM1.40 to rM23, MISC nine sen to RM7.39 (Stock Picks), BAT and MAHB eight sen higher at RM39.48 and RM8.43.

Hengyuan climbed 40 sen to RM10.40 while Petron added 10 sen to RM12.82.

Notwithstanding, Petronas Gas fell 30 sen to rM17.50 on some benefit taking.

Hartalega expanded its additions, up 20 sen to RM8.90. CIMB Equities Research is keeping up its Add call and target cost of RM9 as it is sure on the nitrile glove producer’s intend to dispatch another sort of glove – a protected non-draining antimicrobial nitrile examination glove by the principal half of 2018.

Top Glove propelled 12 sen to RM7.01.

Lafarge fell 17 sen to RM6.61 in thin exchange (Positional Stock Picks) and MPI lost 10 sen to RM13.64.

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1. TRIVE

2. MASTEEL

3. ASIABIO

4. THHEAVY

5. DGB
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Stock Trading Signals- KLCI expands misfortunes early Thursday

KUALA LUMPUR: Malaysia’s securities exchange kept on failing to meet expectations the key Asian companions as the FBM KLCI (Stock Trading Signals) broadened its decay drove by MAHB, Petronas Chemicals and Petronas Gas however volume was thin.

At 9.06am (Stock Trading Signals),

the KLCI was down 1.82 focuses or 0.1% to 1,742.38. Turnover was 136.81 million offers esteemed at RM33.51mil. There were 105 gainers, 80 failures and 199 counters unaltered.

Asia stocks floated close to 10 years high on Thursday following another record breaking day on Wall Street, while the New Zealand dollar revitalized as hawkish-sounding proclamations by the nation’s national bank supported the as of late battered money (Stock Advisory), Reuters revealed.

MSCI’s broadest record of Asia-Pacific offers outside Japan was up a division and in close reach of a 10-year high set the earlier day.

Australian offers

rose 0.2% and to their most abnormal amount since January 2008 while South Korea’s KOSPI stood level. Japan’s Nikkei climbed 1.1%, achieving a high not seen since January 1992, Reuters said.

On the viewpoint for Bursa Malaysia (Stock Picks), Kenanga Investment Bank Research said following Wednesday’s turn, the inability to break out from the urgent help level of 1,750 (S1) propose that the general specialized picture stays one-sided on the drawback.

“MACD stays in the negative domain, hinting at no a significant recuperation in the close term. On desires of further shortcoming, bolster levels are situated at 1,733 (S1) and 1,727 (S2).

“On the other hand, just an unequivocal breakout over the 1,750 (S1) protection level would prompt a re-rating of a specialized picture, with the following protection level situated at 1,765 (R2),” it said.

MPI fell the most,

down 70 sen to RM13.50 (Stock Recommendations) after its disillusioning first quarter profit a financial specialists saw the rally in its offer cost was overcompensated.

MAHB fell 10 sen to RM8.45 while Genting Malaysia lost five sen to RM5.13. Hai-O lost nine sen to RM5.22, JF Tech seven sen let at RM2.05 while down five sen each were VS Industry, Hartalega and Press Metal to RM3.08, RM8.25 and RM4.85 separately.

Petronas Gas

lost six sen to RM17 and Petronas Chemicals five sen to RM7.42 however Petronas Dagangan added six sen to RM21.80.

Refiners Hengyuan and Petron picked up on higher rough cost (Share Trading Tips), with Hengyuan up 13 sen to RM9.42 and Petron 10 sen to RM12.30.

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1. KGROUP

2. AEMULUS

3. HUAAN

4. HHHCORP

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Intraday Stock Signals- KL shares higher in early exchange

KUALA LUMPUR: Bursa Malaysia (Intraday Stock Signals) opened higher on Monday incited by purchasing enthusiasm for chose heavyweights.

At 9.15 am (Intraday Stock Signals),

the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) remained at 1,744.78, up 3.85 focuses from Friday’s end of 1,740.93

The key record opened 2.32 focuses better at 1,743.25.

Gainers among heavyweights

included YTL Corp, Maybank and AMMB Holdings which added one sen each to RM1.25, RM9.25 and RM4.32, separately, while Hong Leong Financial Group, Digi and IHH Healthcare were level at RM16.78, RM4.94 and RM5.60, individually.

JF Apex Securities expected the neighborhood benchmark file to exchange sideways and underneath its quick protection level of 1,750 focuses today (Klse Stock Signals), in the wake of recording a quieted execution last Friday.

“US values shut at record highs on Friday on the back of a sharp rally in Apple shares.

“Also, European markets shut temporarily higher, up just about 3 for every penny, with most parts and significant bourses in the positive region,” it said in a note today.

Market expansiveness

was certain with gainers outpacing decliners 227 to 124 while 224 counters were unaltered (Shariah Compliant Investment Tips), 1,239 untraded and 29 others were suspended.

Turnover remained at 379.73 million offers worth RM118.60 million.

Of actives, Diversified Gateway and PUC both crept up a large portion of a-sen each to eight sen and 20 sen, separately, Ekovest rose two sen to RM1, Nova MSC increased one sen to 11.5 sen and EA Holdings was level at 4.5 sen.

The FBM Emas Index

progressed 33.76 focuses to 12,596.92, the FBMT100 Index was 31.48 focuses firmer at 12,228.96 and the FBM Ace amassed 28.72 focuses to 6,885.99.

The FBM 70 enhanced 56.61 focuses to 15,535.07 and FBM Emas Shariah Index (Positional Stock Picks) climbed 33.88 focuses to 13,061.16.

Segment shrewd, the Finance Index extended 33.97 focuses to 16,317.41 while the Plantation Index went up 27.27 focuses to 8,018.22 and the Industrial Index rose 11.18 focuses to 3,188.79.

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

Stock Investment Tips- KL Shares higher in early exchange

KUALA LUMPUR: The benchmark FTSE Bursa Malaysia KLCI (Stock Investment Tips) opened 0.15 for every penny higher toward the beginning of today in the midst of blended execution locally.

At 9.06 am (Share Investment Tips),

the record remained at 1,743.79, up 2.74 focuses, from Wednesday’s end of 1,741.05.

The key list opened 3.63 focuses better at 1,744.68.Gains in Sime Darby and Tenaga Nasional helped the composite record by an aggregate commitment of 1.27 focuses.

Both chalked up six sen each to RM9.14 and RM14.96, respectively (Stock Picks).Market broadness was certain with gainers outpacing decliners 144 to 77 while 203 counters were unaltered, 1,388 untraded and 18 others were suspended.

Turnover remained

at 207.748 million offers worth RM71.67 million.Inter-Pacific Securities Head of Research Pong Teng Siew said the nearby bourse could perform like yesterday, opening high and withdrawing from that point.

“This is because of net offering by remote speculators combined with reducing positive assumption after the 2018 Budget declaration,” he said.

Gainers among heavyweights

included PetGas which added 12 sen to RM18.02, IHH, Digi, IOICorp, GenM and Astro were up two sen each at RM5.58, RM5.0, RM4.52,RM5.0, RM2.8, individually (Stock Tips), Westports increased four sen to RM3.74.

Of actives, both DGSB and Hubline enhanced 1.5 sen each to 6.5 sen and 17 sen, Trive was level at 12.5 sen while Palette facilitated a large portion of a-sen to 44.5 sen.

The FBM Emas Index

rose 17.84 focuses to 12,577.03, FBMT100 Index was 17.71 focuses firmer at 12,212.0 and the FBM Ace gathered 30.07 focuses to 6,900.50.

The FBM 70 rose 16.93 focuses to 15,476.27 and FBM Emas Shariah Index climbed 28.95 focuses to 13,059.75. Part astute (Share Trading Signals), the Finance Index shed 0.46 of-a-point to 16,260.14 while the Plantation Index was 15.91 focuses higher at 8,032.54 and the Industrial Index rose 11.43 focuses to 3,188.03.

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1. PMETAL

2. ASIABIO

3. DGSB

4. CUSCAPI

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Stock Investment Tips- Blue chips slip early Tuesday, MAHB down

KUALA LUMPUR: Blue chips fell early Tuesday with MAHB weighing on the FBM KLCI (Stock Investment Tips) notwithstanding the firmer unrefined petroleum costs and ringgit.

At 9.54am (Stock Investment Tips),

the KLCI was down 2.7 focuses or 0.15% to 1,761.33. Turnover was 742.36 million offers esteemed at RM226.25mil. There were 216 gainers, 227 washouts and 304 counters unaltered.

The ringgit rose 0.19% to 4.222 from the past close of 4.23.

Hong Leong Investment Bank (HLIB)

Research said with no crisp impetus, the KLCI’s (Stock Picks) recuperation was probably going to be stifled and the upside might be topped along 1,770 to 1,775.

“Be that as it may, stocks inside the development division could stay dynamic with the capability of more LRT3 occupations to be doled out in the close term,” it said.

Oil costs were steady on Tuesday as Opec said there were clear signs the market was rebalancing and as US creation remained disconnected after Hurricane Nate (Stock Tips), Reuters detailed.

US West Texas Intermediate (WTI)

unrefined prospects were exchanging at US$49.66 per barrel at 0054 GMT, up eight pennies, or 0.16%, from their last close.

Brent unrefined prospects, the worldwide benchmark at oil costs, were up five pennies, or 0.1%, at US$55.84 a barrel.

Serba Dinamik increased eight sen to RM2.41. Refiner Hengyuan lost five sen to RM8.30 yet Petron added 10 sen to RM11.42.

Back up plan Allianz fell 10 sen to RM14 with 7,000 offers done yet LPI rose 12 sen to RM18.18 after it announced more grounded Q3 profit.

MAHB

fell five sen to RM8.27 with 204,800 offers done (Share Investment Tips), demonstrating some store offering.

Ibraco lost 6.5 sen to 85 sen, SAM Engineering six sen bring down at RM7.36, SMCap 4.5 sen to 54 sen while Mulpha was down four sen to RM2.45.

BAT was the best gainer, up 18 sen to RM43.18, Lii Hen increased nine sen to RM4.10 while Mercury added eight sen to RM1.87.

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1. M3TECH

2. YGL

3. HOVID

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