TODAY’S KLSE STOCK SIGNAL & TECHNICAL REPORT
Today’s KLSE Stock Signal
Malaysia Stock Market News
- Firm fund buying of CIMB, Tenaga and Press Metal, especially in late trading on Thursday, enabled the FBM KLCI to extend its rally for the fourth day.At 5pm, the KLCI was up 4.5 points or 0.26% to 1,730.68 – the highest since Oct 19, 2018 – after being in the red most of the day. Turnover was 3.71 billion shares valued at RM3b. There were 509 gainers, 398 losers and 399 counters unchanged.Construction stocks advanced on hopes for the revival of the East Coast Rail Link – though on a smaller scale.Key Asian markets were mixed.
- Hong Kong shares rose 0.41% as signs of progress in trade talks between the United States and China boosted investor hopes that the countries could reach an agreement to end their bruising seven-month trade war, Reuters reported.
- Japan’s Nikkei 225 rose 0.15%, China’s Shanghai Composite Index fell 0.34%, South Korea’s Kospi shed 0.05% and Singapore STI edged 0.04% lower.At Bursa, CIMB rose eight sen to RM5.84 and pushed the KLCI up 1.33 points, Hong Leong Bank six sen to RM21.38, Maybank and RHB Bank one sen higher at RM9.53 and RM5.57. Public Bank fell six sen to RM25 after the weaker fourth quarter results.
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