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

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

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

Stock Price Penetration

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

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

Global Currency Market

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

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

Commodity Market

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

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

 

 

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

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

Loser Stocks

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

Gainer Stocks

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

Global Market

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

Commodity Market

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

Currency Market

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

 

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

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

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

Global Markets

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

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

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

Banking Stats

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

Currency Stats

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

Commodity Market

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

 

Malaysia Stocks Exchange has Climbed Higher in Four Straight Sessions

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

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

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

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

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

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

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

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

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

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

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

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