KLSE Stock Signals

24May

FBM KLCI Below The 1,800 Level

Foreign funds have battered the stock market and sent the FBM KLCI below the crucial 1,800 level early Thursday with more downside seen especially with the shocking RM1 trillion national debt.
The ringgit was unchanged against the US dollar in early trade Thursday the absence of fresh direction and on subdued demand for the local note, amid the firmer greenback, dealers said. 
OANDA Head of Trading in Asia-Pacific Stephen Innes said the ringgit remained mired in political risks as the market tried to understand the new government’s plan to deal with the fiscal deficit after repealing the Goods and Services Tax. Meanwhile, the local unit traded mixed against a basket of currencies. The ringgit weakened against the Singapore dollar to 2.9629/9677 from Wednesday’s 2.9606/9653, but appreciated against the yen to 3.6287/6340 from 3.6311/6369.

 

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MSCI’s broadest index of Asia-Pacific shares outside Japan was flat, while Japan’s Nikkei stock index was 0.6 percent lower.
A day after U.S. President Donald Trump said he was not pleased with trade talks between the United States and China, he called for “a different structure” in any trade deal. The move added to uncertainty over the negotiations and prompted a fall in stock markets.

  • The Dow Jones Industrial Average rose 0.21 percent to 24,886.81, the S&P 500 gained 0.32 percent to 2,733.29 and the Nasdaq Composite added 0.64 percent to 7,425.96.
  • The two-year treasury note yield, which rises with traders’ expectations of higher Fed fund rates, was at 2.5282 percent.
  • The yield on benchmark 10-year Treasury notes fell back below the 3-percent threshold to 2.999 percent, compared with its U.S. close of 3.003 percent on Wednesday.
  • Australian shares were 0.1 percent lower, extending losses into a sixth consecutive session on weak prices for iron ore and oil. New Zealand’s benchmark S&P/NZX 50 index was 0.4 percent higher.
  • U.S. crude was flat at $71.83 a barrel. Oil prices fell on Wednesday after an unexpected rise in U.S. crude and gasoline inventories.
  • Brent futures stood at $79.80 a barrel. Last week, the global benchmark rose above $80 for the first time since November 2014.
  • The most-traded iron ore futures on the Dalian Commodity Exchange closed 0.7 percent lower on Wednesday.
  • The dollar was down 0.25 percent against the yen to 109.78.
  • The euro was up 0.1 percent on the day at $1.1706. The dollar index, which tracks the greenback against a basket of six major rivals, was 0.1 percent lower at 93.894.
  • Emerging market currencies are in the spotlight after Turkey’s central bank raised interest rates by 300 basis points to support a plunging lira.
  • The bank, which had been scheduled to hold its next policy-setting meeting on June 7, said it had increased its top interest rate to 16.5 percent from 13.5 percent.
  • The lira has fallen about 20 percent so far this year to a series of record lows, but the currency reversed course after the central bank decision. It was last down 0.2 percent at 4.5790 to the dollar.
  • Gold was slightly higher. Spot gold was traded at $1295.51 per ounce.

 

21May

The FTSE Bursa Malaysia KLCI Index Rose 0.6 %

The FBM KLCI index gained 0.06 points or 0.00% on Friday. The Finance Index increased 0.05% to 18328.29 points, the Properties Index up 1.00% to 1086.65 points and the Plantation Index down 0.17% to 7922.24 points. The market traded within a range of 8.62 points between an intra-day high of 1862.19 and a low of 1853.57 during the session. Actively traded stocks include MYEG, SAPNRG, NEXGRAM, WCT, NETX, HUBLINE, MRCB, HIS-C3B, EDEN and EDUSPEC. Trading volume decreased to 2915.52 mil shares worth RM3162.50 mil as compared to Thursday’s 3329.08 mil shares worth RM3783.83 mil. Leading Movers were NESTLE (+300 sen to RM145.00), TM (+10 sen to RM4.88), MAXIS (+11 sen to RM5.78), PPB (+18 sen to RM19.98) and AMMB (+3 sen to RM3.53). Lagging Movers were PMETAL (-23 sen to RM4.73), ASTRO (-7 sen to RM1.55), YTL (-2 sen to RM0.99), GENTING (-15 sen to RM8.67) and KLCC (-13 sen to RM7.80). Market breadth was negative with 380 gainers as compared to 607 losers. The KLCI closed flat with 0.06 points higher at 1854.50 points amid lack of local catalyst despite overnight retreat in Wall Street.

21 may report


 

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17May

Bursa Malaysia Moved Up Slightly

At 5pm, the KLCI was down 3.82 points or 0.21% to 1,854.44 in late selling. Turnover was 3.33 billion shares valued at RM3.78bil. The broader market weakened as decliners led advancers 570 to 438 and 333 counters unchanged. The new government’s move to abolish the Goods and Services Tax by reducing it to zero had caused concern among credit agencies on how the government could narrow the fiscal deficit.

Bursa Malaysia moved up slightly in morning trade as the central bank announced the economy had expanded at a slower pace of 5.4% in the first quarter of this year. The FBM KLCI put on 4.91 points to 1,863.17. Turnover was 1.63 billion shares with a value of RM1.52bil. There were 412 advancers compared to 406 decliners and 349 counters unchanged. The 30-stock index was lifted by Petronas counters with Petronas Chemicals adding nine sen to RM8.71 and Petronas Gas rising 42 sen to RM17.92.

 

17 may report

Consumer giant Nestle led consumer stocks higher with an RM1.40 gain to RM142.90 following news that the government had zero-rated the Goods and Services Tax. Genting counters also saw a lift with Genting advancing 12 sen to RM8.81 and Genting Malaysia putting on 26 sen to RM5.24. Banks took a step back as Public Bank slipped two sen to RM24.48, CIMB dropped three sen to RM6.83, RHB dipped one sen to RM5.44 and Ambank slid one sen to RM3.57. Maybank remained unchanged at RM10.86. At 3.30pm, MyEG tumbled 37.5 sen to 89.5 sen with 365.24 million shares done. It hit limit down when it fell to a low of 89 sen. It is connected with the previous ruling party.  George Kent was down 46 sen to RM1.48 with 86.92 million shares done. It fell to a low of RM1.47. The FBM KLCI rose 4.8 points or 0.26% to 1,863.06. Turnover was 2.30 billion shares valued at RM2.34bil. There were 400 gainers, 529 losers and 336 counters unchanged.

 


 

15May

Short-Selling of Excel Force EG Services, George Kent and Gabungan AQRS has been suspended

The intra-day short-selling (IDSS) of Excel Force EG Services, George Kent and Gabungan AQRS has been suspended on Tuesday.  Bursa Securities announced that proprietary day trading (PDT) of the four counters has also been suspended. It said the suspension took effect at 8.30am as the last done price of the approved securities dropped more than 15 sen / 15 % from the reference price. “The PDT and IDSS activities will only be enabled the following trading day, that is Wednesday, at 08.30am,” it said.

Several politically-linked stocks on Bursa Malaysia went on a wild ride yesterday, driven by the market volatility in the first day of trading post-14th general election (GE14). Three counters linked to the new Pakatan government leaders hit limit-up and were among the most actively traded stocks.Another penny stock Thriven Global Bhd  jumped by 30 sen or 120% to 55 sen. Thriven, which is linked to Datuk Fakhri Yassin Mahiaddin, who is the son of Tan Sri Muhyiddin Yassin, is involved in property development with projects across Peninsular Malaysia.

The mid-cap player is currently involved in the Mass Rapid Transit 2 project and is the developer of the East Klang Valley Expressway.

bizdx_arz_1505_stock pricesPDF

 


 

10May

Trading Volume Jumped to $144million

THE MALAYSIAN stock market has slumped following the shock opposition election victory in Wednesday’s poll which saw Mahathir Mohamad become the world’s oldest elected leader. Trading opened six per cent down on Thursday, following Mahathir Mohamad’s re-election as the country’s Prime Minister. Trading volume jumped to $144million, six times the average daily turnover of the last year.

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After hitting a record high in April amid an increase in foreign inflow, Malaysia’s benchmark FTSE Bursa Malaysia KLCI has gained 2.8 percent this year. The iShares MSCI Malaysia ETF, known as EWM, dropped 6 percent to $32.42, the lowest since December, as trading volume jumped. The NEXT FUNDS FTSE Bursa Malaysia KLCI ETF incorporated in Japan fell 2.1 percent.Malaysia’s stock market, which traded near a record high on the eve of the election, will become more volatile after Mahathir’s victory, Morgan Stanley analyst Aarti Shah wrote in a note. As results signaled a win for Mahathir, iShares MSCI Malaysia ETF based on the nation’s stocks dropped as much as 2.6 percent to the lowest since February.

Malaysia’s stock market will become more volatile after opposition leader Mahathir Mohamad won a stunning victory in the nation’s elections, ending outgoing Prime Minister Najib Razak’s rule.


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8May

KLCI Closes Higher Ahead of GE14

Our Malaysia stock market history have shown that there’s always a bull rally during the election period. One of the leading themes for Bursa Malaysia this year would be politics. The expectations for the upcoming elections has ignited a rally and  analysts believe that trading opportunities exist in the pre-election rally. In the past, companies that were government linked were among the big players in the stock market.

  • Blue chips closed on a strong note on Tuesday, the eve of the closely-contested General Election, with local fund buying seen in key stocks including CIMB, Maybank and Axiata.
  • Consumer stocks were among the top gainers. Nestle rose RM1.90 to RM137, Ajinomoto 25 sen higher at RM22.40.
  • CIMB was the biggest mover among the KLCI stocks, gaining 23 sen to RM6.90 and pushed the index up 3.87 points, Maybank gained 16 sen to RM10.70 and nudged the KLCI up 3.14 points while Hong Leong Bank, RHB Bank and Public Bank gained 18 sen each to RM18.62, RM5.27 and RM23.88 respectively. and AmBank climbed four sen to RM3.72.

  • Crude palm oil for third month delivery rose RM9 to RM2,392 per tonne. As for plantations, PPB Group rose 10 sen to RM19.16, KL Kepong two sen higher at RM25.38 and IOI Corp fell two sen to RM4.67. 

  • Most key Asian markets also ended Tuesday on a strong note, with Hong Kong stocks advancing as fears of a full-blown trade war eased on reports that talks between Washington and Beijing will continue.
    GE14_pic1

With election fever heating up, stocks that are politically-linked have started showing signs of strength despite the volatile global market. Coupled with the fact that most stocks have fallen, thanks to the Dow Jones’ steep correction in the last two weeks, it might be a good idea to start positioning oneself in stocks that are deemed beneficiaries of the ruling government.

The FBM KLCI was showing signs of life on Thursday when it added 3.35 points to close at 1,838.28. Year to date, it is now up 2.31% or 41.47 points.Another diversified government-linked company which has seen some action is KUB Malaysia Bhd. While its allure has decreased over the last few years due to staid earnings, the stock continues to garner some interest.The stock is 52.17% owned by Anchorscape Sdn Bhd. At its last price of 44 sen, it is up 5 sen or 12.82% on a year-to-date basis.

At last Friday’s close of 1,786.33, the FBM KLCI is now about 107 points or 5.6% away from its all-time high of 1,893 points posted in July 2014. Year to date, the key index has risen 8.8%.

 

Top 10 Stock watchlist 

1. Axiata Group Berhad (6888.KL)

2. Cahya Mata Sarawak Bhd (2852.KL)

3. Destini Berhad (7212.KL) 

4. DRB-Hicom Berhad (1619.KL)

5. Felda Global Ventures Holding Bhd (5222.KL)

6. Maxis Berhad (6012.KL)

7. My E.G. Services (0138.KL)

8. Prestariang Berhad (5204.KL)

9. UEM Sunrise Berhad (5148.KL)

10. Yinson Holdings Bhd (7293.KL)

8May

Blue Chips Reversed From Early Losses

The ringgit was slightly lower against the US dollar in early trade Tuesday as the greenback strengthened on monetary policy prospects arising from improving oil prices and disappointing US economic reports. As at 9.00 am(0100 gmt), the local unit was quoted at 3.9440/9470 against the US dollar from 3.9430/9460 on Monday.

The overnight US dollar touched its highest level in four months against a basket of other major currencies and amid talk of a symmetric two per cent objective for inflation. Federal Reserve officials, however, said rising US inflation and wage pressures were insufficient to prompt a change in its rate outlook. Meanwhile, the ringgit traded mostly lower against a basket of major currencies It fell against the Singapore dollar to 2.9543/9570 from 2.9502/9538 on Monday, and declined versus the yen at 3.6213/6248 from 3.6082/6112.

7 may

The FBM KLCI index lost 9.97 points or 0.54% on Friday. The Finance Index fell 1.07% to 17949.38 points, the Properties Index up 0.07% to 1070.46 points and the Plantation Index down 0.18% to 7905.71 points. The market traded within a range of 10.92 points between an intra-day high of 1852.75 and a low of 1841.83 during the session. Actively traded stocks include SAPNRG, HSI-H2Z, HSI-C3A, BORNOIL, HSI-C3E, SIME, SAPNRGC58, SAPNRGC64, NEXGRAM and HSI-H4A. Trading volume decreased to 1607.59 mil shares worth RM2119.88 mil as compared to Thursday’s 1671.52 mil shares worth RM2185.10 mil. Leading Movers were SIME (+7 sen to RM2.69), MISC (+7 sen to RM7.12), TENAGA (+8 sen to RM16.08), GENM (+1 sen to RM5.00) and IHH (+1 sen to RM6.01). Lagging Movers were CIMB (-23 sen to RM6.77), ASTRO (-4 sen to RM1.80), YTL (-3 sen to RM1.35), PMETAL (-8 sen to RM4.76) and AMMB (-6 sen to RM3.71). Market breadth was negative with 325 gainers as compared to 525 losers. The KLCI closed lower at 1841.83 points despite overnight mix performance in US market. The performance of our local bourse was bogged down due to selling interest in heavy weight counters led by CIMB.


 

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1May

Malaysia Managed To Mark Fourth Week Of Inflow

Bursa Malaysia recorded the second lowest foreign inflows last week since January, as the pace of foreign funds exiting.  Asia accelerated over the seven-day period.

In its weekly fund flow report, MIDF Research said Bursa Malaysia has managed to mark its fourth week of continuous inflows with a net inflow of RM24.6mil, even as foreign inflows into the local bourse took a breather last week.While the lower foreign fund inflows was primarily attributed to the concerns on rising US Treasury yields, attrition on Bursa Malaysia gradually eased on April 26, on the back of stable crude oil prices.Despite the slower pace of foreign fund inflow, foreign participation in Bursa Malaysia has remained robust

41989118.1 (41989891) - 21_03_2017 - HONGKONG-MARKETS_HSHARES_0

RHB Retail Research said the upside development for the FBM Small Cap Index (FBMSC) may still be extended once the breather (since April 16) ends.In a technical analyser today, the research house said the FBMSC registered a 67.66-point increase to 14,545.46 points last Friday. “It left a white candle after oscillating between a low of 14,475.81 points and high of 14,545.46 points. “This shows a continuation of the momentum we highlighted in the appearance of April 26′s ‘Bullish Harami’ candlestick pattern. “Presently, the index continues to hover steadily above the 13,719-point support level. This implies that the near one-month bullish bias remains in play,” it said

27Apr

FBM KLCI index gained 0.34 points

The FBM KLCI index gained 0.34 points or 0.02% on Thursday. The Finance Index increased 0.25% to 18221.48 points, the Properties Index up 0.97% to 1070.37 points and the Plantation Index rose 0.14% to 7965.22 points. The market traded within a range of 17.03 points between an intra-day high of 1863.57 and a low of 1846.54 during the session. Actively traded stocks include SAPNRG, NEXGRAM, HSI-H4A, PUC, HSI-C3E, HSI-C4B, BORNOIL, HIS-H2Z, SKH and KSTAR-WA. Trading volume increased to 2046.23 mil shares worth RM2133.74 mil as compared to Wednesday’s 1874.24 mil shares worth RM1972.44 mil. Leading Movers were KLCC (+19 sen to RM7.21), DIGI (+8 sen to RM4.57), ASTRO (+2 sen to RM1.81), SIMEPLT (+6 sen to RM5.56) and GENM (+5 sen to RM4.93). Lagging Movers were AXIATA (-14 sen to RM5.16), NESTLE (- 260 sen to RM136.50), AMMB (-5 sen to RM3.73), GENTING (-9 sen to RM8.66) and MISC (-7 sen to RM7.01). Market breadth was positive with 442 gainers as compared to 349 losers. The KLCI closed flat with 0.34 points higher at 1852.27 points with overnight mixed performance in US market. The performance of our local bourse remained muted as lack of fresh catalyst.

 

Report blog

 

Bursa Malaysia joined the other key Asian markets to close higher on Friday, as a rebound in Axiata, Maybank and Genting shored up the FBM KLCI. Trading volume was relatively subdued ahead of the General Election 14 on May 9. At 5pm, the KLCI was up 11.2 points or 0.6% to 1,863.47 and year-to-date it is up 3.71%.  Turnover was just 1.63 billion shares valued at RM1.87bil. There were 452 gainers, 338 losers and 423 counters unchanged. All key Asian markets closed higher led by Hong Kong’s Hang Seng Index, up nearly 1%, Japan’s Nikkei 225 gained 0.66%, China’s Shanghai Composite added 0.23%, South Korea’s Kospi 0.68% and Singapore’s STI ended up 0.2%. The ringgit fell against the US dollar, down 0.04% to 3.9193. However, it was firmer against the pound sterling , up 0.67% to 5.4149; advanced 0.79% to the euro to 4.7309 and was uo 0.01% to the Singapore dollar at 2.9514. Consumer stocks were among the top gainers, with Nestle up RM1.90 to RM138.40, F&N gained 48 sen to RM35.94, Carlsberg 22 sen to RM19.70 but BAT lost 38 sen to RM24.32, Ajinomoto lost 28 sen to RM21.82 and Dutch Lady

24Apr

KLCI stumbled to close at Tuesday’s low of 1,865

Last Thursday on April 19, the FBM KLCI closed at a record high of 1,895 but this seems like a fading memory for investors. As fast as the KLCI went up, it has surrended 30 points over the past three days on Tuesday.
The KLCI stumbled to close at Tuesday’s low of 1,865, down 15.02 points or 0.8%, ahead of the General Election on May 9. Turnover was 1.93 billion shares valued at RM2.32bil.  Declining stocks beat advancers three to two or 574 losers to 291 gainers with 386 counters unchanged. The KLCI was the second worst performer after Taiwan’s 1.1% fall, despite the rally in crude oil prices.

13 - 4

China stocks posted their strongest gains in two months on Tuesday as the Communist Party declared its determination to achieve this year’s economic targets in the face of rising global trade tensions.  The Shanghai Composite Index closed up 1.99%, Hong Kong’s Hang Seng Index added 1.26% while Japan’s Nikkei 225 closed 0.86% higher. Nearer home, Sinhgapore’s STI was up 0.14%. The ringgit slipped against the US dollar and the Singapore unit. It fell 0.19% against the greenback to 3.9053 and was down 0.17% to the Singapore dollar at 2.9523. However, it eked out a 0.01% gain against the pound sterling to 5.4495 and gained 0.05% to the euro at 4.7663.

Oil rose on Tuesday above US$75 a barrel to its highest since November 2014, supported by OPEC-led production cuts, strong demand and the prospect of renewed US sanctions on Iran, Reuters reported. US light crude oil rose 27 cents to US$68.91 and Brent added 14 cent s to US$74.85.  Crude palm oil for third month  delivery fell RM6 to RM2,402 per tonne. KL Kepong shed two sen to RM25.50, IOI Corp and PPB Group unchanged at RM4.78 and RM19.10.

Despite the rally, Petronas Dagangan fell 50 sen to RM27 and Petronas Gas was down 26 sen to RM17.96 while Petronas Chemicals gained three sen to RM8.49. BAT was the top loser, sliding RM1 to RM24 while Nestle gave up 50 sen to RMRM147.50 and Heineken lost 22 sen to RM20.60. Under pressure again was Press Metal, falling 31 sen to RM4.79 with 18.3 million shares done. It erased 2.15 points from the KLCI. Its warrants, WC fell more, sliding 53 sen to RM4.28 as aluminium prices slid. Aluminium prices had falled more than 7% to US$2,295 on the London Metal Exchange. Axiata erased 1.95 points from the KLCI when it fell 12 sen to RM5.33. Telekom lost 13 sen to RM5.24, Maxis seven sen lower at RM5.82 while Digi lost four sen to RM4.45. Among the heavyweights, Tenaga was flat at RM15.88  was down 11 sen to RM8.75 and Genting Malaysia six sen lower at RM5.02.

 


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