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.

Forecast for NZD: NZ Dollar maybe Testing Lower after a Supportive Comment from RBNZ’s Orr

Forex Trading Alerts: Forecast for NZD

NZ Dollar down in spite of steady remarks from RBNZ’s Orr

Japanese Yen up as outrages undermine PM Abe’s monetary strategy

US Dollar may confront weight if retail deals insights frustrate

The New Zealand Dollar narrowly failed to meet expectations in generally calm Asia Pacific exchange. The sell-off seemed to reverberate an upward hole in US Treasury security yields at the week by week exchanging open as business sectors disregarded end of the week geopolitical nerves. Firming hazard hunger compares to a worldview wherein the Fed has scope for additional rate climbs, driving the Kiwi off its roost as the most elevated yielding of the G10 FX majors.

Apparently steady remarks from recently introduced RBNZ Governor Adrian Orr did not offer a respite. He disclosed to NewstalkZB radio throughout the end of the week that the national bank’s imminent turn to a double command strategy system won’t occupy its consideration far from value solidness. Orr included that the economy is “close full business”, which may have been deciphered as boosting close term fixing possibilities.

Investment Advisor Malaysia- KLCI falters early Wednesday, higher oil cost not making a difference

KUALA LUMPUR: Blue chips were level early Wednesday as financial specialists remained on the sidelines after the FBM KLCI (Investment Advisor Malaysia) fell the earlier day on outside offering weight. The higher oil costs mutedly affected the enormous top and lower liners oil and gas stocks.

At 9.50am (Malaysia Share Market),

the KLCI had plunged 0.05 of a point to 1,736.09. Turnover was 437.01 million offers esteemed at RM157.21mil. There were 235 gainers, 204 washouts and 270 counters unaltered.

After the weaker close on Bursa Malaysia on Tuesday, where the KLCI fell 5.33 focuses (- 0.31%) to close at 1,736.14, Kenanga Investment Bank Research said the key markers stay in a negative state and hinted at no recuperation.

“The general specialized picture has weakened after it broke underneath the help level of 1,750, demonstrating a bearish standpoint.

“In perspective of further shortcoming ahead, bolster levels to watch out for are 1,729 (S1) and 1,713 (S2). Then again, protection levels are 1,765 (R1) and 1,783 (R2),” it said.

Oil costs were to a great extent consistent in early Asian exchange on Wednesday (Malaysian Stock Tips), drifting close to a four-week high hit a day sooner after best exporter Saudi Arabia said it was resolved to end a supply overabundance, Reuters announced.

Brent unrefined,

the worldwide benchmark, was up 10 pennies at US$58.43 a barrel by 0103 GMT, subsequent to settling on Tuesday up 96 pennies, or 1.7%.

US West Texas Intermediate unrefined was exchanging down four pennies at US$52.43 a barrel, having risen 57 pennies on Tuesday.

F&N fell 54 sen to RM24.50 with 2,100 offers done (Stock Tips Malaysia), Batu Kawan lost 20 sen to RM19.80, Ulicorp 13 sen bring down at RM4.15 while Petronas Dagangan lost 12 sen to RM24.08.

Ajinomoto lost eight sen to RM19.80 and Denko lost six sen to RM1.50.

UMW Oil and Gas

warrants bounced 11 sen to 11.5 sen with more than 24 million units done and the offers edged up 0.5 sen to 28 sen.

Its 4.836 billion new offers were issued under its renounceable rights issue while its 1.51 billion new warrants were issued in accordance with the rights issue.

Perstima was the best gainer, up 22 sen to RM5.75, KL (Stock Picks Malaysia) Kepong picked up 20 sen to RM24.50, Asiafile and Carlsberg added 10 sen each to RM3.15 and RM15.44.

Edaran hopped

17 sen to 39 sen after it packed away a RM149.97mil contract from the Customs Department to redesign the division’s data frameworks.

The agreement began on Sept 1 and finishes on Aug 31, 2019. Edaran anticipates that this agreement will have critical impact on the income per share for FY finishing June 30, 2018. The EPS is evaluated to increment by 16 sen.

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

Bursa Malaysia Stocks Tips- The FBM KLCI’s early advance on Thursday

KUALA LUMPUR: Fund snacking of energy goliath Tenaga Nasional supported the FBM KLCI’s initial progress on Thursday (Bursa Malaysia Stocks Tips) as financial specialist assessment livened up on Wall Street’s bounce back and firm raw petroleum costs.

At 9.30am (Bursa Malaysia Stocks Tips),

The KLCI was up 0.88 of a point or 0.05% to 1,773.36. Turnover was 411.57 million offers esteemed at RM121.61mil. There were 250 gainers, 142 washouts and 240 counters unaltered.

Bursa Malaysia Stocks Tips

Asian offers ticked up on Thursday after US President Donald Trump and congressional pioneers consented to raise the administration obligation confine until December, killing the danger of an administration shutdown for the present, Reuters revealed.

MSCI’s broadest file of Asia-Pacific offers outside Japan increased 0.3% while Japan’s Nikkei rose 0.6%.

US rough fates were US$49.12 per barrel and Brent exchanged at US$54.03 a barrel.

Hong Leong Investment Bank Research said stocks on the neighborhood front ought to have the capacity to pick up footing following deal chasing exercises on Wednesday.

“The KLCI may return to 1,780,

while exchanging enthusiasm on the more extensive market is probably going to concentrate on products part, for example, (Bursa Malaysia Stocks Tips) steel and oil and gas in the midst of the recuperating pattern in unrefined petroleum costs,” it said.

Tenaga rose eight sen to RM14.48 and it was the best gainer among the KLCI stocks.

Econ Bhd bounced 18 sen to RM3.18 and its call warrants 6.5 sen higher at 24 sen.

Padini added 16 sen to RM4.41, SCGM 13 sen to RM3.01 and Lafarge 10 sen to RM5.65.

Bursa Malaysia Stocks Tips

Southern Steel increased eight sen to RM2.18 and its advance stocks, SSteel-LB added seven sen to RM2.01. Hiap Teck Ventures added 0.5 sen to 42 sen.

Olympia rose two sen to 16.5 sen with 59 million offers done after it sold its stockbroking business Jupiter Securities for RM55mil to CIMB.

Olympia Industries will get RM42.1mil for its segment of offers. Its aggregate cost of interest in Jupiter Securities as of end-June remained at RM21.7mil.

Petronas Dagangan lost 10 sen to RM24.50 in (Bursa Malaysia Stocks Tips) thin exchange, Genting Malaysia was six sen bring down at RM5.90, WCT fell five sen to RM1.71 and Signature four sen to 86.5 sen. Top Glove and Paramount shed four sen each to RM5.64 and RM1.73.

Hot stocks for KLSE traders
1. OLYMPIA
2. HUAAN
3. MLAB
4. IRIS
5. HIAPTEK
KLSE INTRADAY UPDATE: BUY PERMAJU AT 0.365 TARGET 0.380, 0.395 SL 0.345
KLSE HOLDING UPDATE: PERMAJU MADE HIGH OF 0.385, OUR 1st TARGET DONE. GIVEN YESTERDAY FROM 0.365. 
For live KLSE update, traders/investors could visit www.mmfsolutions.my  

Malaysian Stocks Tips – KLCI starts September on strong footing

KUALA LUMPUR: Blue chips commenced September on a firm note early Tuesday after the long break as the FBM KLCI (Malaysian Stocks Tips) rose to 1,780, fueled by picks up in Tenaga Nasional, Axiata and Sime Darby yet wether it can clutch the additions because of weaker key Asian bourses stays to be seen.

Malaysian Stocks Tips

At 9.24am (Malaysian Stocks Tips),

The KLCI was up 3.18 focuses or 0.18% to 1,776.32. Turnover was 354.11 million offers esteemed at RM195.84mil. There were 220 gainers, 236 failures and 233 counters unaltered.

Malaysian Stocks Tips

In any case,

other key Asian markets were under weight on Tuesday after a worldwide selloff the earlier day in the wake of North Korea’s most intense atomic test at the end of the week, while places of refuge, for example, gold stayed firm, Reuters revealed.

MSCI’s broadest record of Asia-Pacific offers outside Japan was off 0.05% having shed 0.8% the earlier day, with South Korea’s Kospi off 0.1% in the wake of sliding to three-week lows on Monday. Japan’s Nikkei ticked down 0.2%.

At Bursa Malaysia,

Tenaga bounced 24 sen to RM14.52, Axiata 16 sen to RM5.09, Sime Darby 14 sen to RM9.14. PPB Group and MAHB added 12 sen each to RM16.80 and RM9.12.

Among the customer stocks, BAT rose 30 sen to RM44.48, Kawan Food added 22 sen to RM3.60 and Heineken 14 sen to RM18.94. Ajinomoto fell RM1.14 to RM20.10.

Petron Malaysia added 19 sen to RM9.07 and Hengyuan 12 sen to RM7.64.

Hong Leong Bank fell 24 senn to RM15.20 and CIMB 23 sen to RM6.85 on benefit taking.

China stocks were among the most dynamic with Sino Huann broadening its increases from a week ago, up 3.5 sen to 19 sen with more than 69 million offers done, HG Global 3.5 sen to 12.5 sen and CSL 0.5 sen to 4.5 sen.

Be that as it may, Hong Leong Investment Bank (HLIB) Research forewarned that with the broadened worries over the North Korea issue, it anticipates that market unpredictability will uplift.

Malaysian Stocks Tips

In the meantime, financial specialists should concentrate on the up and coming occasions, for example, European Central Bank meeting on Thursday and FOMC meeting on Sept 20-21.

“Then, on the nearby front,

we (Malaysian Stocks Tips) figure the market could be slanting on a descending inclination mode following the occasions throughout the end of the week.

“By and by, purchasing backing may rise on stocks with superior to expected corporate outcomes that were discharged a week ago. The KLCI’s exchanging extent might be situated between 1760-1,790 levels this week,” said HLIB Research.

Latest Hot Stock For Malaysian Traders/Investors 
1. HUAAN

2. CSL

3. OLYMPIA

4. XINGHE

5. MALTON-WB
For live updates, traders/investors could visit www.mmfsolutions.my 

Share prices on Bursa Malaysia remained mixed at mid-morning Wednesday

KUALA LUMPUR: – Share costs on Bursa Malaysia stayed blended at mid-morning today on an absence of crisp neighborhood leads. – best stocks trading signal

At 11.15am (best stocks trading signal),

The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.48 of-a-point less demanding at 1,790.53 from yesterday’s 1,791.01.

best stocks trading signal

Subsequent to opening 1.33 focuses bring down at 1,789.68, the key file was bound to a tight 5.32-point scope of in the vicinity of 1,792.65 and 1,787.33.

Showcase broadness was negative with decliners outpacing gainers 339 to 294, while 354 counters were unaltered, 781 untraded and 19 others suspended.

Turnover remained at 932.42 million offers worth RM664.86 million.

Among heavyweights, Maybank, TNB, Sime Darby and CIMB were level at RM9.58, RM14.20, RM9.57 and RM6.74 separately, while Public Bank increased two sen to RM20.32 and Petronas Chemicals facilitated one sen to RM7.19.

Among actives, FrontKen added two sen to 31 sen, Borneo Oil plunged a large portion of a-sen to 11.5 sen, FGV increased four sen to RM1.66, while China Automobile rose one sen to 1.5 sen. –  best stocks trading signal

English American Tobacco drove the rundown of top gainers, adding 34 sen to RM45.54, while the top washout was KESM which fell 12 sen to RM14.90.

The FBM Emas Index enhanced 4.68 focuses to 12,747.63, the FBMT100 Index rose 5.34 focuses to 12,388.46, while the FBM Emas Shariah Index enhanced 12.82 focuses to 12,951.17.

The FBM 70 sacked 39.02 focuses to 15,140.13, while the FBM Ace facilitated 40.99 focuses to 6,300.41.

On a sectoral premise, the Finance Index increased 15.82 focuses to 16,878.24, the Industrial Index progressed 2.18 focuses to 3,304.05 and the Plantation Index climbed 6.69 focuses to 7,957.85.

On territorial markets, Japan’s Nikkei 225 edged down 0.32 for every penny to 19,916.85, Singapore’s Straits Times enhanced 0.15 for each penny to 3,240.55 and Hong Kong’s Hang Seng increased 0.05 for each penny to 26,011.02.

Latest Hot Stocks for KLSE Investors: 

  1. 1. AAX
  2. 2. XINQUAN
  3. 3. TENAGA
  4. 4. BIOOSMO
  5. 5. IHH

Malaysian Stock Tips – Bursa remains positive at mid-day

KUALA LUMPUR: Bursa Malaysia, which stayed in the positive domain up until this point, finished the morning session higher because of steady purchasing in key heavyweights.  Malaysian Stock Tips

At meal break (Malaysian Stock Tips),

the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was up 9.65 focuses to 1,772.76 from yesterday’s end of 1,763.37.
Malaysian Stock Tips

Subsequent to opening 4.49 focuses higher at 1,767.6 today, the nearby file moved in the vicinity of 1,766.25 and 1,773.09 for the duration of the morning session. – Malaysian Stock Tips 

On the more extensive market, gainers outpaced failures 555 to 257, with 342 counters unaltered, 624 counters untraded and 30 others suspended.

Turnover remained at 1.15 billion offers worth RM968.82 million.

A merchant said the bounce back in the FBM KLCI was driven by deal chasing in less expensive quality stocks taking after yesterday’s misfortunes.

“Moreover, record highs in Wall Street overnight additionally lifted the disposition in Bursa Malaysia and local bourses,” he included.

Among heavyweights, Maybank and Public Bank added eight sen each to RM9.50 and RM20.12, individually, while TNB and Sime Darby rose four sen each to RM13.82 and RM9.36, separately. – Malaysian Stock Tips 

On actives, Dagang Nexchange was three sen higher at 58.5 sen, China Automobile was level at one sen and Netx Holdings crawled up a large portion of a-sen to six sen.

The FBM Emas Index enhanced 76.62 focuses to 12,635.26,

The FBMT100 hopped 74.91 focuses to 12,279.36 and the FBM Emas Shariah Index was 74.29 focuses higher at 12,821.75.

The FBM 70 rose 122.15 focuses to 15,058.75 and the FBM Ace progressed 101.9 focuses to 6,269.49.

Sectorwise, the Finance Index increased 100.15 focuses to 16,670.92, the Industrial Index was up 13.57 focuses to 3,265.09 and the Plantation Index expanded 12.66 focuses to 7,931.57.

Malaysian Stock Tips

Latest Hot stocks for Malaysian traders

  1. AEM
  2. ANZO
  3. HIBISCS
  4. CIMB
  5. AAX

More more KLCI updates traders could visit here: www.mmfsolutions.my

Stock Tips Malaysia – The FBM KLCI got off

KUALA LUMPUR: The FBM KLCI got off to a quieted begin to the second quarter of 2017 at the beginning of today. – Stock Tips Malaysia

At 9.05am, the FBM KLCI was down 0.03 focuses to 1,740.06. Stock Tips Malaysia

The top failures included Petronas Dagangan Bhd, Hatalega Holdings Bhd, Latitude Tree Holdings Bhd, GHL Systems Bhd, Genting Bhd, Teck Guan Perdana Bhd and Eco World Development Group Bhd.

Asian shares began the week on an enduring balance on Monday after a guard quarter as speculators look to the state of U.S. exchange and financial approaches and how they could influence worldwide development, as per Reuters.

MSCI’s broadest record of Asia-Pacific shares outside Japan was minimal changed in early exchange while Japan’s Nikkei rose 0.1 percent, it said.

JF Apex Securities Research said US markets declined on Friday after purchaser spending information came underneath desire. European stocks finished blended after potential Brexit and bureau reshuffle in South Africa. – Stock Tips Malaysia

“On the neighborhood advertise, the FBM KLCI tumbled 9.16 focuses to 1740.09 focuses. Stock Tips Malaysia

“Taking after the dull execution in the US and Europe, the FBM KLCI could remain influenced underneath 1750 focuses,” it said.

Stock Tips Malaysia

Equity Signal in Malaysia

KUALA LUMPUR: Hong Leong Bank drove blue chips higher early Wednesday after its firm arrangement of money related outcomes, shoring the market up after a baffling Tuesday, yet investigators advised about financial specialists offering into quality. – Equity Signal in Malaysia

At 9.30am,(Equity Signal in Malaysia)

the KLCI was up only 1.33 focuses or 0.08% to 1,707.88. Turnover was 468.98 million shares esteemed at RM223.35mil. There were 267 gainers and 156 washouts.

Hong Leong Investment Bank (HLIB) Research said as the Trump-rally stretched out in the midst of superior to expected corporate income for 4Q16, it may envision that the Dow Jones Industrial Average may visit the resistance of 20,800-21,000.

Likewise, brokers will keep on monitoring the advance on monetary motivation that will be uncovered by Donald Trump in the close term. – Equity Signal Malaysia

“On our neighborhood front, following the bullish feelings on Wall Street, combined with recouping raw petroleum costs, we can expect gentle purchasing enthusiasm inside the O&G stocks.

“Be that as it may, offering into quality procedure will be re-sent no matter how you look at it if the KLCI retests the 1,720-1,730 level as specialized readings propose that the key list is overbought,” it prompted speculators.

Hong Leong Bank rose 12 sen to RM13.62 and HLFG added eight sen to RM15.28.

Scope Tree was the top entertainer as the furniture producer added 22 sen to RM5.89, Petron and Mercury picked up 13 sen each to RM4.60 and RM1.39.

Age added 11 sen to RM2.40 and Ann Joo nine sen higher at RM2.62.

AirAsia rose four sen to RM2.79 with 10.9 million shares done while its call warrants C49 added 0.5 sen to 28.5 sen.

Carlsberg was the top failure, down 32 sen to RM14.42 after its entire year income plunged, Pharmaniaga fell 25 sen to RM4.80 subsequent to posting misfortunes in the final quarter.

KL Kepong fell 10 sen to RM24.14 and Rhone MA was down 5.5 sen to 92 sen.

Our recommendation for KLSE investors

  1. VIVOCOM
  2. HIBISCS
  3. DNEX
  4. SRIDGE
  5. AIRASIA

KLSE INTRADAY SIGNALS: BUY HIBISCS AT 0.530 TARGET 0.550, 0.570 SL 0.505 

Our recommendation for SGX investors

  1. HONG LEONG ASIA
  2. DISA
  3. NOBLE
  4. HOCK LIAN SENG
  5. SINO GRANDNESS

SGX INTRADAY SIGNALS: BUY HONG LEONG ASIA AT 1.33 TARGET 1.38, 1.44 SL 1.26