5 Stock Trading Tips For Bursa Malaysia Stock Investors

Great investor Warren Buffett guides- Investors must take investing decision using heads and not guts!

 

 

Chinese New Year 2019 is already here. After a turbulent 2018, almost all equity markets were in negative territory, Most of the peoples we surveyed lost their money in investing in Malaysia Stock Exchange Market last year.  

Kuala Lumpur Bursa stock market is a potential stock market where investors look for various stock trading tips which bridge up for profitable investment goal, but It will never be rewarding if you do not follow some basic investing rules.

“Investors must purchase stocks as they are purchasing groceries and not like they are purchasing perfumes & stock recommendations providers help such investors in making right decisions!”

Bursa Malaysia is worth around RM5.3 billion in market capitalization and is among the largest bourses in Southeast Asia, choosing the right company and right stock is a task, which requires wise brains and some luck (as stock investors believe)!

Here in this article, we are presenting the best 5 stock trading tips for KLSE investment 2019 which a wise investor must follow.

Stock Trading Tips For Bursa Malaysia investment 2019-

 

1. Invest in companies making consistent profits rather just blindly considering ticker symbols:

When any Malaysian company is into business and is making profits for the last 5 years, you can consider buying shares of that company rather investing in a company who is in business but making a loss!

Also, beware of the companies who have the sole objective of making money from IPO and run away after that (keeping all your hard-earned money stuck).

 

2. If you are KLSE stock market beginner, invest in companies which have a less volatile nature of business:

This decision will give you the confidence in investing as the risk of losing invested money will be less and you can learn slowly and steadily. Such companies will also be in the market for a long time and you will easily get the latest hot stocks information about such companies’ stocks. Thus, investment will become easy, productive and fruitful.

Another formula you can use:
Buy stocks that are low and people are least interested in buying such stocks, and hold them until they grow and everyone suddenly wants it!

However, you must keep in mind that, such companies should be in a profitable business and have the long-term objective of surviving in KLSE markets. It is advisable to take equity market tips from experts of Malaysian stock market before entering into such stock investment decision.

 

3. Make sure the company you are thinking to invest has PE<ROE:

When you have made a decision of creating your investment portfolio, just ensure of checking the PE ratio. Low PE ratio is considered good for investment. However, the call should not be closed just considering PE ratio; rather you must also check ROE of the company and ensure that PE ratio is less than ROE of the company.

 

4. Invest in big capital stocks or small capital owned by the big capital stocks:

According to the previous year (2018) records, most of the companies those have suffered huge loss are from small capital of main board, a second board, and Mesdaq. Thus, you should avoid these stocks. If you really want to invest in these stocks which may give you quick profit with up-down around 30%, then you should only consider the stocks those are owned by Good Big capital stock.

 

5. Do not invest in High Debt Stocks:

Check the balance sheet, investors should always be cautious of any off-balance debt statements. You must be careful and selective, the debt of the company should not be more than moderate for an unestablished business and especially for local companies. However,  exceptions are given to the established companies like BAT or Nestle, or foreign-owned company as their objectives of the high debt mainly improve the Return On Equity.


Its smartly said by KLSE investors that:
Buy stocks which makes you happy if you hold it even for 10 years and others jealous when you sell it in the 11th year!!!!

The last note for stock market investors:
Stock market trading is a thing of great happiness if your darts stick on the correct points in one go and it can be devastating if you shoot a wrong throw. So consider the stock recommendations shared by your stock mentor who knows your investment goals and investment appetite.

MMF Solutions offers best stock investment tips and KLSE stock signals as per considering your Investment objective in Bursa Malaysia market. Subscribe to our 3-days free trial for the latest blue-chip stock signal in KLSE, contact us now!

Is Carlsberg Brewery Malaysia Berhad Right Investment Stock Pick In KLSE?


Chinese New Year 2019
is already here. Carlsberg has been performing very well even with weak ringgit and 5.5% hike in beer price. It is always a smart decision to chose to invest in a business that an investor understand. Carlsberg Brewery is involved in simple business in Malaysia and Singapore.

About Carlsberg Brewery Malaysia Berhad:
Carlsberg Brewery Malaysia Berhad (KLSE: CARLSBG (2863)) is a brewery group established in 1969. It is listed in Bursa Malaysia and it is one of the top gainers. It is a part of Carlsberg Group, global brewer, one of the leading brewers with robust market position across Asia and Europe.

They are dynamic brewer with operation in Malaysia and Singapore with the stakes in a brewery in Sri Lanka. They also have a ubiquity via exports to Thailand, Taiwan, Hong Kong, and Laos.

Their brands include probably the best bear in the world- Carlsberg, smoothest beer- Carlsberg Smooth Draught and strong beer Carlsberg Special Brew.

In Malaysia and Singapore, they are celebrating the 170th anniversary. They have grown its CAGR(Compound annual growth rate) of 7.02% in group revenues over the last year.

Latest News:
1. Recently, after the release of the third quarter report, Lars Lehman, MD said that they are expecting the momentum to continue well in Chinese New Year.
2. The robust company performance even after the introduction of the Sales and Service Tax (SST) and weak ringgit performance.
3. For 3QFY2018, company’s net profit jumped 52% YOY due to higher sales in Malaysia and excellent performance at its Singapore operations.

Performance Review Of Carlsberg Brewery Malaysia:
Performance reviews of a company include its fundamental and technical analysis. Carlsberg has been performing well since the starting this year. On the advent of Chinese New Year, 2019 sales of Carlsberg drink will increase.

Following are the fundamental and technical analysis of Carlsberg till 4th February.

 

Fundamental Overview

1. Recently Carlsberg Malaysia released its 3Q18 report ended in September 2018. The company reported revenue MYR(,000) 492770 against MYR(,000) 423507 year ago which is a rise of 16%. Net profit for the period was MYR 67,662,000.
2. Company profit margin is now at 14.4%.
3. Earning per share was 21.25 sen as compared to the last year 14.01 sen.
 
Key fundamental data of Carlsberg Malaysia Bhd:

Market Capitalization (B) 6.268
No. of Shares(M) 305.748
Earning Per Share (MYR) 0.8495
Dividend(cent) 87
Dividend Yield(%) 4.13
Trailing PE 24.96
4 Week price Range(RM): 19.220-20.600


Key Highlight:
1. The current share price of Carlsberg is trading at 21.2 which is at increments of 41% was recorded on 4th February.
2. Its monthly performance is +8.05% and yearly performance is 33.84%.
3. ROE on investment in Carlsberg 31%.

 

Technical Overview
 
Carlsberg Malaysia BHD

According to candlestick pattern forms within few weeks and current behavior, the stock is trading at MYR 21.2. With major support at 19.580 and resistance is at 21.487 according to Fibonacci retracement.

Moving average and MACD is suggesting strong buy whereas RSI and Momentum indicator going opposite.

Below are the major support and resistance of Carlsberg Malaysia.

Stocks Major Support And Resistance Level Were As Below:

Symbol S3 S2 S1 Pivot R1 R2 R3
CARLSBG
2836
18.727 19.254 19.58 20.107 20.634 20.96 21.487


Multi Management Future Solutions Key Takeaways:
Carlsberg is one of the top-performing companies in Bursa Malaysia. It has achieved a CAGR of 10.91% in shareholders’ earnings over the last 10 years. With Chinese New Year 2019 it might outgrow other companies. An active KLSE investor is always aware of profitable investment. But we suggest you use all the above information as a source of research before investing in Bursa Malaysia.

Multi Management Future Solution provides latest updates on KLSE stocks. For updated and Bursa Malaysia stock signals subscribe to our 3 days free trial, 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

Klse Stock News- Bursa Malaysia Stocks Open Lower on Friday, Axiata & Public Bank Weigh Market in Early Trade

Kuala Lumpur: Bursa Malaysia stock prices opened lower on Friday with the FTSE Bursa Composite Index down 3.78 points to 1,794.86 at 9.05am. The trading volume was 99.04 million lots worth RM33.21 million. There were 107 gainers versus 71 decliners and 161 counters unchanged.

Bursa Malaysia slipped in early trade despite a positive Wall Street performance overnight as equities were floated on strong economic data.

 

Stock Watch

The top KLSE active stock including Orion rising 0.5 sen to nine sen, AWC adding 1.5 sen to 92 sen and Hiap Teck, losing 0.5 sen to 40.5 sen.

The top KLSE gainer stocks are some heavyweights that paced higher were PPB adding 10 sen to RM16.88 and Maybank rising 10 sen to RM9.64.

The top KLSE loser stocks are, Axiata that slid five sen to RM4.68 as it grew less likely to accept an offer for its stake in M1. Public Bank lost 10 sen to RM24.90 while Sime Darby shed four sen to RM2.60.

 

Global Market

At Asia’s open, Japan’s Nikkei rose a strong 1.1%, within reach of 2018 high achieved in January. Nasdaq index opens up today with 8,042.0 and previous close at 51.6 and HANG SENG index open with 0.35% to reach 27,813.58.

 

Currency Market

The RINGGIT opens lower against the US dollar early Friday. At 9 am (0100 GMT), the local currency stood at 4.1430/1460 against 4.1380/1420 recorded at 6 pm Thursday.

The RINGGIT traded higher up against other major currencies on from the previous day

-It rose against the Singapore dollar to 3.0283/0316 from 3.0315/0349 on Thursday and strengthened with the Yen to 3.6505/6542 from 3.6697/6743.

-The local currency also upgrades against the Euro to 4.8229/8276 from yesterday’s 4.8427/8495 and appreciated the British pound to 5.4182/4230 from 5.4315/4380.

 

Commodity Market

The oil prices continued to push higher on expectations of hard supply when US sanctions on Iran come into play. US crude was seven sen higher at US$72.19 a barrel while Brent crude was flat to US$81.72 per barrel.

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.

 

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

Stock Trading Signals- KLCI sees post Christmas benefit taking

KUALA LUMPUR: The nearby bourse pulled back in early exchange following the solid execution in the earlier week.Asian markets left the Christmas end of the week exchanging blended (Stock Trading Signals), with Chinese stocks falling behind even as its national bank lifted its official yuan midpoint to the most abnormal amount in 3.5 months at 6.5416 for each dollar.

At 9.15am (Stock Trading Signals),

the FBM KLCI was down 2.85 focuses to 1,757.39 focuses. TUrnover was 150.69 million offers with an estimation of RM54.87mil. There were 153 gainers to 120 decliners and 219 counters unaltered.

In early exchange, Petronas Chemicals moved higher by seven sen to RM7.67 while Hong Leong Bank pushed forward 18 sen to RM16.82. Ambank increased six sen to RM4.39.

Decliners included Genting, which lost eight sen to RM9.02 and Genting Malaysia, (Stock Recommendations) which slipped seven sen to RM5.52.

Telekom Malaysia dropped 32 sen to RM6.18.

On the more extensive market, Kim Loong Resources was in the spotlight following an examiner move up to income. The counter climbed 33 sen to RM4.48.

“By and large, we support KLRB given its reasonable administration, according to the predictable profit execution posted by the gathering for as long as couple of years and its liberality of administration in compensating investors,” said JF Apex Securities.

Other prominent gainers included Allianz (Share Market Recommendations), which rose 34 sen to RM13.94, and Globetronic, which increased five sen to RM6.80.

Decliners included SIG Gases, which dropped five sen to RM1.10; Magnitech, which fell six sen to RM5.72; and Vitrox, which shaved off 11 sen to RM6.31.

In products, US light unrefined was exchanging five pennies higher to US$58.52 a barrel (Financial Advisory Services) while Brent rough rose two pennies to US$65.27 a barrel.

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

Share Trading Signals- KLCI bring down in early trade

KUALA LUMPUR: The FBM KLCI (Share Trading Signals) was bring down in early exchange as benefit taking exercises win on the neighborhood bourse.

At 9.04am (Share Trading Signals),

the benchmark KLCI fell 1.38 focuses, or 0.08% to 1,735.57. Turnover was 120 million offers esteemed at RM46mil. There were 135 gainers, 115 washouts and 164 counters unaltered.

PublicInvest Research said the FBM KLCI (Stock Trading Signals) may open with a wary note today after the worldwide security advertise endured a drubbing overnight, with yields climbing strongly no matter how you look at it and weighing on stocks.

Overnight,

US markets declined from record highs as financial specialists brought benefit with the desire that the assessment change will be endorsed by this week.

Prior, European stocks likewise dropped pair with Wall Street in spite of confidence on US charge change.

In the interim, Kenanga Research said by and large (Stock Signals), the specialized photo of the file was bit by bit enhancing in the wake of bottoming-out from a 3-month downtrend toward the end of last month.

“And keeping in mind that key SMAs are still in a ‘passing cross’ express, the MACD has turned bullish as of late subsequent to intersection over its flag and zero line, perhaps showing a hand over energy towards the bulls.

“From here, expect some help at 1,734 (S1) should the file merge at this level for the present, with a conclusive break-beneath to see a lower bolster at 1,709 (S2).

“On the other hand, protections can be recognized at 1,750 (R1), and at the mental sign of 1,800 (R2),” it said.

English American Tobacco fell 90 sen to RM35.20 (Stock Trading Tips), CCM facilitated 15 sen to RM1.76 while Hengyuan lost 14 sen to RM13.84.

Heineken was 14 sen bring down at RM18.44 and Carlsberg facilitated eight sen to RM15.22.

Settle hopped 33 sen to RM99.80, Hartalega picked up 32 sen to RM11.04, Top Glove rose 31 sen to RM7.79 and Panasonic Manufacturing picked up 28 sen to RM39.38.

In the mean time, unrefined petroleum costs ascended in nightfall exchanging on the grounds that an oil-industry appraisal was said to demonstrate a bigger than-anticipated compression in U.S. rough stores.

Brent unrefined was up 10 pennies to at US$63.90 a barrel (Stock Recommendations) while U.S. West Texas rough was up 19 pennies at US$57.75 a barrel.

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

Share Market Recommendations- Blue chips edge up early Monday, Perdana hits constrain down

KUALA LUMPUR: Blue chips progressed early Monday drove by Petronas Dagangan (Share Market Recommendations) while the more extensive market was firmer yet Perdana Petroleum tumbled when it continued exchanging.

At 9.20am (Share Market Recommendations)

the KLCI was up 1.93 focuses or 0.11% to 1,755. Turnover was 239.73 million offers esteemed at RM112.70mil. There were 216 gainers, 123 washouts and 226 counters unaltered.

MSCI’s broadest list of Asia-Pacific offers outside Japan was up 0.14%, after US stocks finished the past session with mellow picks up . Japanese stocks rose 0.96%, Reuters revealed.

Kenanga Investment Bank Research anticipates that the KLCI (Financial Advisory Services) will take a short interruption after the current additions where there might be close term union between (S1) bolster at 1,750 and upper (R1) protection at 1,765 until the RSI moderates.

“From that point, any unequivocal leap forward from R1 may prompt a bullish headway toward 1,800 (R2). On the other hand, 1,729 (S2) could be the following help should S1 is broken,” it said.

Reuters revealed oil markets were steady on Monday (Stock Trading Signals), drifting around Friday’s levels as an absence of indisputable market pointers kept costs from swinging in any case.

US West Texas Intermediate (WTI)

rough fates were at US$57.33 a barrel at 0105 GMT, up three pennies from their last settlement. Brent rough prospects were unaltered at US$63.24 a barrel.

At Bursa Malaysia, Hengyuan rose 34 sen to RM13.16 (Stock Recommendations), Petronas Dagangan added 24 sen to RM24.54 yet Perdana hit restrain down, falling 30 sen to 66 sen with 24,000 offers done.

Kenanga Investment Bank Research said Perdana was relied upon to change forcefully from the last exchanged cost of RM1.54, given the gathered RM160mil misfortunes in the previous two year while the oil and gas area was hit by one of the most exceedingly bad business situations.

Ajinomoto rose 18 sen to RM20.88, Hong Leong Industries added 15 sen to RM9.79, KESM picked up 10 sen to RM19.66.

Press Metal rose seven sen to RM16.98 (Share Trading Tips), Press Metal seven sen to RM5.05, Gamuda and Top Glove crept up six sen each to RM4.81 and RM6.98.

Be that as it may, MPI went under some benefit taking, falling 30 sen to RM11.70, SPB lost 20 sen to RM5.30, Hong Leong Bank lost 14 sen to RM16.52 and Maybank nine sen bring down RM9.45.

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

Stock Trading Signals- Gentle benefit taking early Wednesday, Magni-Tech drives failures

KUALA LUMPUR: Investors brought benefit early Wednesday (Stock Trading Signals) with refiners Petron and Hengyuan among the decliners while Magni-Tech fell after its disillusioning quarterly outcomes.

At 9.30am (Stock Trading Signals),

the KLCI was down 2.81 focuses or 0.16% to 1,726.76. Turnover was 423.39 million offers esteemed at RM150.43mil. There were 220 gainers, 151 washouts and 213 counters unaltered.

Kenanga Investment Bank Research said by and large, the specialized viewpoint for the KLCI (Stock Trading Tips) still stays bearish at this point, in spite of the fact that it has turned step by step impartial in the course of recent days.

“The record is right now amidst retesting its 1,729 (R1) protection. We trust it stands a higher possibility of a breakout now when contrasted with past endeavors, given the enhancing showcases of key markers generally,” it said.

Magni-Tech fell the most (Share Trading Signals), down 41 sen to RM5.60 while Gamuda surrendered 14 sen to RM4.76 and Atlan lost 11 sen to RM4.15 in thin exchange.

Open Bank fell 10 sen to RM201.10 (Stock Recommendations), Press Metal nine sen to RM4.87 while Petron and Hengyuan shed eight sen each to RM12.72 and RM11.82.

Vitrox was the best entertainer, up 28 sen to RM5.71. Petronas Dagangan picked up 12 sen to RM24.66 and Petronas Gas eight sen higher at RM16.14.

QL Resources rose eight sen to RM4.35 and MPI six sen to RM11.60.

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