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.

Uncertainty In Gold Price, As More Hike Expected In Bank Of Canada Signals Over Horizon

Gold Trading Alerts:

  • Gold costs may fall if BOC authorities indicate additionally rate climbs are likely ahead.
  • Raw petroleum costs are looking to API stock stream information following pullback

Gold costs were in for an unstable session. The metal started the day on edge as US markets returned in a cheery disposition after Monday’s vacation conclusion yet a vicious intraday inversion roused a quick recuperation that eradicated almost the greater part of the decay. The benchmark S&P 500 stock file touched a record high just to turn strongly lower, enduring its initially down day in three weeks.

From here, the spotlight swings to a money-related approach declaration from the Bank of Canada. Dealers appear to be persuaded that a rated climb is in store, estimating in its probability at near 90 percent. In the event that policymakers’ tone is hopeful and further fixing is by all accounts in the offing, markets might be roused to go after yielding to the detriment of non-enthusiasm bearing resources, influencing gold descending. Source

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

Stock Signals- Bursa takes after key Asian markets bring down early Wednesday

KUALA LUMPUR: Blue chips surrendered half of the earlier day’s increases early Wednesday (Stock Signals) with benefit taking seen in Hong Leong Bank however picks up in Petronas-connected stocks gave the genuinely necessary help to the FBM KLCI.

At 9.30am (Stock Signals),

the KLCI was down 5.38 focuses or 0.31% to 1,719.46; surrendering half of the 11 focuses chalked up on Tuesday chiefly because of the late surge in HL Bank.

Turnover was 174.26 million offers esteemed at RM140.19mil. There were 175 gainers, 160 failures and 236 counters unaltered.

Reuters detailed Asian stocks slipped on Wednesday (Stock Trading Signals), constrained by misfortunes on Wall Street as the innovation part stammered once more after a concise bounce back, while the dollar hang on bring down long haul US yields.

MSCI’s broadest file of Asia-Pacific offers outside Japan crept down 0.2%. Australian stocks and South Korea’s KOSPI were down 0.2% each. Japan’s Nikkei lost 0.5%.

Hong Leong Bank fell 52 sen to RM16.48 (Share Trading Signals) and Maybank fell 13 sento RM9.25. KL Kepong was down 38 sen to RM24.06 and Sime Plantation kept on falling for the fourth day.

Back up plans fell yet in thin exchange, with Manulife down 19 sen to RM3.10 and Allianz 18 sen to RM12.90.

CMSB, which got a six-month augmentation esteemed at about RM87.7mil (Stock Trading Tips) from the Sarawak government to keep up the state streets, fell 10 sen to RM3.68.

BAT kept on remaining at late record lows, down eight sen to RM37.80.

Settle neared the mental RM100 level, up RM2.10 to RM99.58 with7,600 shares done.

Petron added 30 sen to RM11.84 (Stock Recommendations), Hengyuan 16 sen to RM11.34, Petronas Chemicals and Petronas Gas propelled 14 sen each to RM7.59 and RM16.24.

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

Financial Advisory Services- Weak December begin for KLCI

KUALA LUMPUR: Blue chips broadened their misfortunes from the earlier week and put the FBM KLCI (Financial Advisory Services) on a feeble begin for the new exchanging month of December with Maxis and Tenaga Nasional among the best failures.

At 9.27am (Financial Advisory Services),

the KLCI was down 8.48 focuses or 0.49% to 1,709.38. Turnover was 282.94 million offers esteemed at RM220.41mil. There were 194 gainers, 262 washouts and 243 counters unaltered.

Japan’s Nikkei share normal edged lower on Monday morning with shortcoming in substantial top stocks, for example, Fanuc and SoftBank incurring significant damage, balancing picks up in retail stocks which ascended on solid month to month deals (Stock Trading Signals), Reuters revealed. Other key Asian markets were additionally in the red.

Kenanga Investment Bank Research,

in its specialized viewpoint, said as of late the KLCI affirmed a “Hammer'”pattern which flagged a potential close term recuperation.

“In any case, the list needs to break over 1,734 (R1) level before we could re-rate the general specialized picture from our more extensive negative view. At the present express, the file stays one-sided to the drawback with markers not giving any significant indications of potential bullish inversion.

“From here, on any shortcoming, bolster level are situated at 1,714 (S1) and further down, the mental obstruction at 1,700 (S2) could give another solid help level. On the other hand, should showcase enhances, upside protections can be found at 1,734 (R1) and 1,750 (R2),” it said.

BAT fell the most,

down 94 sen to RM36.44 (Stock Recommendations), Allianz 20 sen to RM13.46 while MSM was down 17 sen to RM3.81. Maxis and IJM lost 15 sen each to RM5.78 and RM2.94 while Tenaga fell 14 sen to RM15.32.

SP Setia call warrants C40 tumbled 26 sen to 11 sen and its rights shares lost 19 sen to 65 sen. Gamuda-C43 tumbled 25 sen to 15 sen.

Hengyuan surged 92 sen to RM11.40, Nestle 70 sen to RM98, Public Bank 18 sen to RM20.08 (Share Trading Tips), Hong Leong Bank 14 sen higher at RM15.28 and LC Titan added 14 sen to RM4.89. Top Glove propelled 10 sen to RM6.83.

Reuters detailed

oil fell on Monday after US shale drillers included more apparatuses a week ago, however costs held not far-removed their most astounding since mid-2015, upheld by an expansion of yield cuts concurred a week ago by Opec and different makers.

Drillers in the United States included two oil fixes in the week to Dec. 1, bringing the aggregate check up to 749, the most noteworthy since September (Share Market Recommendations), vitality benefits firm Baker Hughes said in its intently took after report late on Friday.

US West Texas Intermediate was down 21 pennies, or 0.3 percent, at US$58.15 a barrel at 0112 GMT. Brent prospects were 22 pennies, or 0.4 percent, bring down at US$63.51 a barrel.

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