Daily Archives: March 22, 2016


Kuala Lumpur : Market closing update

Bursa Malaysia :

  • Shares end higher
  • Malaysian shares ended higher on Tuesday with the Kuala Lumpur Composite Index adding 6.39 points to close at 1,724.75.
  • Some 2.42 billion lots, valued at RM2.88 billion were traded. Gainers numbered 396 while losers numbered 473.

For more information about KLSE stock market please feel free to visit EPIC RESEARCH MALAYSIA.


Malaysia : Ringgit opens lower versus US dollar


  • The ringgit opened lower against the US dollar on Tuesday as the greenback continued to strengthen, dealers said.
  • At 9.03am, the ringgit was quoted at 4.0590/0650 versus the US dollar from 4.0550/0600 on Monday.
  • A dealer said the greenback continued, to improve supported by the possibility of a sooner-than-expected interest rate hike by the US Federal Reserve.
  • Meanwhile, the ringgit was higher against other major currencies except for the euro.
  • It appreciated against the Singapore dollar to 2.9778/9844 from Monday’s 2.9825/9873 and strengthened against the yen to 3.6273/6343 from 3.6394/6449 yesterday.
  • The local unit gained against the British pound to 5.8348/8459 from 5.8364/8444 but eased against the euro to 4.5619/570 from 4.5611/5679 on Monday.

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Kuala Lumpur : Top foreign and local stories at 4pm

  • Energy : Brent crude was 0.10% higher to US$41.58 per barrel at 3.25pm.
  • Forex : Ringgit up 1.57% to 3.9950 versus the US dollar at 3.49pm.
  • Top foreign stories : Thai cabinet okays US$1.7b soft loans for lower-income first-home buyers: Thailand’s cabinet on Tuesday approved soft loans worth 60 billion baht (US$1.72 billion) for lower-income first-home buyers, as it seeks to stimulate a sluggish economy via increased household spending.
  • Japan’s lower house approves reflationist Sakurai for BoJ board: Japan’s lower house of parliament gave its approval on Tuesday for academic and reflationist Makoto Sakurai to join the Bank of Japan (BoJ)’s divided policy board, a move seen as tipping the balance more in favour of governor Haruhiko Kuroda’s push for radical stimulus.
  • Thai telecoms firm misses 4G payment deadline: Thailand’s 4G expansion was thrown into disarray after a telecoms company that beat more established rivals at an auction last year failed to meet its first payment deadline, voiding the bid.
  • US top court agrees to hear Samsung-Apple patent fight: The US Supreme Court stepped into the high-profile patent fight between the world’s two fiercest smartphone rivals, Apple and Samsung, agreeing to hear Samsung’s appeal of what it contends were excessive penalties for copying the patented designs of the iPhone.

For more information about KLSE stock market please feel free to visit EPIC RESEARCH MALAYSIA.


Comex Trading Signals and Market News – 22 March 2016


  • Silver futures retreated during noon trade in the domestic market on Monday as investors and speculators exited positions in the precious metal tracking weakness in the bullion internationally as a slightly stronger dollar curbed the lure for silver as an alternative asset.Stronger greenback makes silver more expensive for those holding other currencies thus dimming bullion demand.
  • Gold futures were lower in European trade on Monday, falling for the second straight session as the U.S. dollar recovered from losses suffered in wake of the Federal Reserve’s dovish statement.The dollar continued to recover from five-month lows as investors closed out bearish bets following an aggressive selloff late last week.
  • Oil prices slid for a second day on Monday, under pressure from signs that some of the nimbler U.S. producers increased drilling last week and from uncertainty surrounding a meeting of the world’s major exporters next month to discuss freezing output.U.S. energy firms last week added one oil rig after 12 weeks of cuts, according to data from industry firm Baker Hughes.


  • China has many policy tools at its disposal to fend off financial risks and will improve its communication with markets, Premier Li Keqiang said on Monday.Li told the visiting International Monetary Fund Managing Director Christine Lagarde that China will not rely on yuan depreciation to spur exports.
  • China agreed on Monday to consider building a railway into Nepal and to start a feasibility study for a free trade agreement with the impoverished, landlocked country, which has been trying to lessen its dependence on its big neighbour to the south, India.The Himalayan nation, that serves as a natural buffer between China and India, adopted its first post-monarchy constitution in September hoping this would usher in peace and stability after years of conflict.
  • U.S. inflation is likely to accelerate in coming years and move toward the Federal Reserve’s 2 percent target, Richmond Fed President Jeffrey Lacker said on Monday, flagging upside risks to price growth.Inflation has been unusually sluggish since the 2007-2009 recession.The Fed has kept interest rates low in part to foster faster price gains and said last week it was likely to raise interest rates more slowly than policymakers had expected in December.


  • BUY GOLD ABOVE 1250 TARGET 1270 1300 SL 1220
  • SELL GOLD BELOW 1240 TARGET 1220 1190 SL 1270

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IForex Market Trading Signals and News – 22 March 2016


  • Forex -Yen finds favour as Asia’s appetite for risk wanes
  • Forex -Dollar on the back foot, sterling unsettled by politics
  • Forex-U.K. political turmoil hits pound after surprise resignation

EUR/USD is quiet on Monday, as the pair trades at 112.60 in the European session. On the release front, Eurozone Current Account came in at EUR 25.4 billion, short of expectations. Later in the day, the Eurozone releases Consumer Confidence. In the US, the sole event on the schedule is Existing Home Sales, with the markets expecting the indicator to slip to 5.32 million. On Tuesday, we’ll get a look at two key German indicators – Ifo Business Climate and ZEW Economic Sentiment. Weak inflation numbers continue to raise concerns about the health of the Eurozone economy. On Friday, German PPI, which measures inflation in the manufacturing sector, came in at -0.5%, below the forecast of -0.2%. It marked the seventh straight decline for the indicator.

The pound weakened on Monday after Ian Duncan Smith, Secretary of State for Work and Pensions and a big voice in the Conservative party, unexpectedly announced his resignation late Friday over disagreements on a budget he considers to be “deeply unfair”. GBP/USD dropped 0.46% to 1.4415 at 9:34AM GMT, or 5:34AM ETIn a parting statement on Sunday, Duncan Smith explained that his decision was not based on his support for the leave campaign, known as Brexit, with regard to the referendum on Britain’s membership in the European Union (EU) to be held on June 23.He criticized the budget for causing substantial reductions in disability benefits while offering tax cuts for the wealthy.


  • BUY GBP/USD ABOVE 1.4480 TARGET 1.4500 1.4530 SL 1.4450
  • SELL GBP/USD BELOW 1.4370 TARGET 1.4350 1.4320 SL 1.4400

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Financial Klse Malaysia Stock Market Trading Picks And News – 22 March 2016


  • The FBM KLCI index gained 2.02 points or 0.12% on Monday. The Finance Index fell 0.20% to 14681.88 points, the Properties Index dropped 0.08% to 1179.85 points and the Plantation Index rose 0.05% to 8041.82 points. The market traded within a range of 11.25 points between an intra-day high of 1718.36 and a low of 1707.11 during the session.
  • Actively traded stocks include HUBLINE, POS-CT, POS-CV, SONA-WA, AAX-WA, GA- MUDA-WE, POS-CU, IFCAMSC, GLOTEC and IRIS-WB. Trading volume decreased to 2010.01 mil shares worth RM2052.67 mil as compared to Friday’s 2026.91 mil shares worth RM2983.13 mil.
  • Leading Movers were WPRTS (+10 sen to RM4.10), GENM (+11 sen to RM4.53), YTL (+4 sen to RM1.69), GENTING (+18 sen to RM9.50) and MAXIS (+12 sen to RM6.34). Lagging Movers were IHH (-17 sen to RM6.58), AMMB (-11 sen to RM4.57), CIMB (- 10 sen to RM4.78), PETGAS (-46 sen to RM22.00) and PETCHEM (-13 sen to RM6.79). Market breadth was positive with 442 gainers as compared to 436 losers.
  • The KLCI continued its winning streak with last minute spike and inched up to 1718.36 points amid last Friday’s gains in US market. The performance of our local bourse was lifted by buying interest in heavy weight counters such as Genting Malaysia, YTL Corporation and Telekom Malaysia.


  • BUY EFFICENT ABOVE 0.340 TARGET 0.360 0.400 SL 0.280

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