KLSE Stock Signals

8Apr

TODAY’S KLSE STOCK SIGNAL & TECHNICAL REPORT

Today’s KLSE Stock Signal

                        Today’s KLSE Stock Signal

Today’s KLSE Stock Signal

Today’s KLSE Stock Signal

Malaysia Stock Market News

The FBM KLCI index lost 3.26 points or 0.20% on Friday. The Finance Index fell 0.20% to 16888.72 points, the Properties Index dropped 0.69% to 907.62 points and the Plantation Index rose 0.40% to 7236.55 points. The market traded within a range of 4.79 points between an intra-day high of 1645.09 and a low of 1640.30 during the session.

Actively traded stocks include SCOMI, TRIVE, PWORTH, SAPNRG, SCOMI-WB, HIBISCS, ICON, ARMADA, BIOOSMO and PUC. Trading volume decreased to 2650.18 mil shares worth RM1574.81 mil as compared to Thursday’s 3183.84 mil shares worth RM2128.16 mil.

Leading Movers were SIMEPLT (+10 sen to RM5.15), MAHB (+2 sen to RM7.11), DIGI (+1 sen to RM4.70), CIMB (+1 sen to RM5.11) and AXIATA (+0 sen to RM4.18). Lagging Movers were MAXIS (-11 sen to RM5.49), GENM (-6 sen to RM3.19), TOPGLOV (-5 sen to RM4.60), HLFG (-16 sen to RM19.02) and DIALOG (-2 sen to RM3.18). Market breadth was negative with 381 gainers as compared to 388 losers.

The KLCI tumbled to 1641.81 points amid overnight mixed performance in US market. The performance of our local bourse was bogged down by selling interest in heavy weight counters such as Maxis, Genting Malaysia and Top Glove.

Today’s KLSE Stock Signal

Today’s KLSE Stock Signal

Today’s KLSE Stock Signal

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4Apr

TODAY’S KLSE STOCK SIGNAL & TECHNICAL REPORT

Today’s KLSE Stock Signal

                         Today’s KLSE Stock Signal

Today’s KLSE Stock Signal

Today’s KLSE Stock Signal

Malaysia Stock Market News

Continuous buying by funds and gains on heavyweights helped propel the benchmark FBM KLCI index higher on Wednesday.

At closing, the bellwether FBM KLCI added 10.38 points, or 0.64%, to close at 1,643.21 on strong interest in Genting Group stocks as well banking stocks. The market traded within a range of 9.74 points between an intra-day high of 1,645.54 and a low of 1,635.80 during the session.

In the broader market, there were 490 gainers, 329 losers while 414 counters unchanged. Trading volume stood at 2.66 billion shares worth RM1.93bil.

Dealers said continued buying in selected heavyweights pushed the key index to finish higher buoyed by the progress over US-China trade talks. In today’s session, 22 of the KLCI-component stocks were traded higher, seven counters fell while the remaining one closed unchanged.

Major stock advancers among the FBM KLCI component stocks included IHH Healthcare, which gained 18 sen to RM5.60, Public Bank added 30 sen to RM23, Genting rose 25 sen to RM6.85 and Genting Malaysia advanced 11 sen to RM3.28.

Laggards in the FBM KLCI component stocks included Maxis, which fell four sen to RM5.49, Tenaga declined four sen to RM12.54 and Petronas Chemicals shed two sen to RM9.08.

Today’s KLSE Stock Signal

Today’s KLSE Stock Signal

4april6

 

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2Apr

Algerian association archives RM370m declare towards Malakoff, Hyflux JV

wc-hyflux-1602

 

An Algerian company had filed a declare for 80mil euros (RM370mil) in opposition to Tlemcen Desalianation Investment Co. SAS (TDIC), Singapore’s Hyflux Ltd and Malakoff Bhd over a desalination undertaking in that country.

Independent strength enterprise Malakoff announced to Bursa on Wednesday two Algerian Energy Co, SPA (AEC) used to be suing the joint-venture organizations for alleged two breaches and negligence in the design, operation and maintenance of its plant

Malakoff stated its legal professionals in Paris had knowledgeable it that AEC had filed its request for arbitration  at the International Chamber of Commerce International Court of Arbitration.

The claim was in relation to the water buy agreement and a framework settlement in December 2007 and the joint-venture settlement dated March 28, 2007.

Malakoff stated AEC claimed the three companies have been accountable for breaches and negligence in the design, operation and maintenance of the plant.

AEC additionally referred to the three organizations or respondents had wrongly objected to the termination of the water purchase agreement, switch of shares to AEC and carrying out of technical audit under the framework agreement.

AEC claimed the respondents had breached their contractual tasks and sought an order for them to pay the fees to repair the plant.

AEC sought an order for the respondents to indemnify AEC for damages incurred as a end result of their breaches, estimated on an period in-between groundwork at 80mil euros.

It also sought an order that the respondents warranty the charge or reimburse the excellent of 3.929bil Algerian dinar which was imposed on Almiyah Attilemcania SPA (AAS) by Algerian courts and presently pending effect of AAS’ attraction at the Algerian Supreme Court).

Malakoff stated it appointed global arbitration lawyers in Paris and Kuala Lumpur to advise on and take the indispensable steps to protect its role and two task AEC’s claims in the ICC arbitration, and perchance counterclaim in opposition to AEC.

To recap, AAS is a joint stock company included in Algeria for the design, set up and operation of the plant. two TDIC holds 51% of AAS and AEC 49%. The shareholders of TDIC, a enterprise integrated in France, are Malakoff AlDjazair Desal Sdn Bhd (MADSB) and MenaSpring Utility (Tlemcen) Pte Ltd (MUPL), conserving 70% and 30% of the shares respectively.

MADSB is a unit  of Malakoff whilst MUPL is entirely owned by way of Hyflux.

Malakoff stated the group’s carrying amount of funding in AAS had been thoroughly supplied for in 2016.

“The request is no longer anticipated to have any operational affect to Malakoff. The monetary impact, if any, of the request, cannot be determined with finality at this juncture as the claims are still being reviewed through Malakoff’s lawyers,” it said.

28Mar

KLCI limits losses, ringgit dips towards growing greenback

The FBM KLCI fell as a lot as four points in intra-morning trade even though it managed to halve losses by using midday break.

KLCI report

 

At 12.30pm, the local index used to be 2.03 factors lower at 1,640.70. Trading used to be sluggish in the morning session with a total of 950.36 million shares replacing arms for a price of RM616.91mil.

Asian markets grew weaker over Thursday change as the recession fears hooked up on falling 10-year US Treasury yields.

In Greater China, the Shanghai Composite Index slipped 0.25% though the CSI300 and Hong Kong’s Hang Seng were marginally higher.

Japan’s Nikkei fell 1.3% whilst South Korea’s Kospi slid 0.5%. On Bursa Malaysia, fantastic charge motion used to be led by means of client stocks Nestle rising RM2 to RM147, Panasonic gaining 98 sen to RM38.48 and BAT adding 34 sen to RM35.34.

Leading decliners were Petronas Dagangan falling 16 sen to RM24.82, Rapid dropping 10 sen to RM5.60 and Hengyuan dipping 10 sen to RM5.80. Most active counters had been Sapura Energy losing 0.5 sen to 32.5 sen, MyEG slipping one sen to RM1.38 and Destini adding one sen to 31 sen. Oil fees prolonged losses for a second straight session as US investories confirmed an surprising increase. US crude fell 17 cents to US$59.24 a barrel and Brent crude dipped 10 cents to US$67.73 a barrel. The ringgit was 0.1% weaker towards a strengthening dollar at 4.0770. It was flat against the pound sterling at 5.3783 and marginally greater over the Singapore dollar at 3.0089.

15Mar

TODAY’S KLSE STOCK SIGNAL & TECHNICAL REPORT

Today’s KLSE Stock Signal

                         Today’s KLSE Stock Signal

Today’s KLSE Stock Signal

Today’s KLSE Stock Signal

 

Malaysia Stock Market News

  • Heavy churning of penny oil and gas (O&G) stocks on Thursday drove the total market volume to the highest since May last year amid a firmer broader market though blue chips gave up some gains. At 5pm, the KLCI was down 3.72 points or 0.22% to 1,674.52. Advancers beat decliners 491 to 400 while 387 counters were unchanged.However, turnover surged to 4.77 billion shares valued at RM2.74bil, reflecting the low quality buying. Nine out of the 10 most active stocks were O&G counters. Sino-Hua Ann jumped seven sen to 29 sen with 375 million shares done, Destini also added seven sen to 32.5 sen and Sapura Energy eked out one sen to 35 sen. Carimin climbed 10.5 sen to 94 sen, Hibiscus five sen to RM1.07 and Perdana Petroleum rose three sen to 48 sen while Bumi Armada was flat at 19.5 sen. Among the KLCI stocks, Petronas Dagangan fell 18 sen to RM25.12, Petronas Chemical lost five sen to RM9.25, Petronas Gas fell two sen to RM17.68 but Dialog was flat at RM3.20. US light crude oil rose six cents to US$58.32 and Brent added 10 cents to US$67.65.

Today’s KLSE Stock Signal

Today’s KLSE Stock Signal

Today’s KLSE Stock Signal

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13Mar

TODAY’S KLSE STOCK SIGNAL & TECHNICAL REPORT

Today’s KLSE Stock Signal

                        Today’s KLSE Stock Signal

Today’s KLSE Stock Signal

Today’s KLSE Stock Signal

Malaysia Stock Market News

  • The FBM KLCI went the opposite direction from major Asian markets as it extended its rebound for a second day.CIMB and Axiata led the morning advance, with the two heavyweights adding more than 2.5 points to the index in total.At 12.30pm, the FBM KLCI was up 4.38 points to 1,675.66 on an active trading day, which saw RM2.21 billion shares exchanging hands for RM1.11bil.There were 421 decliners versus 322 advancers and 347 counters unchanged.Axiata, which had slid for three straights days, finally halted its decline and rebounded 11 sen to RM4.17.CIMB grew eight sen to RM5.45, which returns it to last Thursday’s levels, before the Friday’s selloff in global equities.Another KLCI heavyweight on the rise was Public Bank, gaining 10 sen to RM24.50 while KL Kepong added 20 sen to RM25.Stocks seeing the most trading action were Sapura Energy adding 1.5 sen to 34 sen, Perdana Petroleum gaining 10 sen to 40 sen and KNM adding one sen to 11.5 sen.
  • On the regional scene, stock indices came under pressure as the global rebound came to a halt and worries over a no-deal Brexit gripped markets.

    The Shanghai Composite Index was 0.4% lower while the blue chip CSI 300 dropped 0.5%.

    Hong Kong’s Hang Seng slid 0.6% while Japan’s Nikkei was the biggest loser with a 1.2% fall. South Korea’s Kospi followed with a 0.8% slide.

    Oil prices fared better than equities as planned cuts to Saudi exports and reduced forecast for US crude output boosted sentiment.

    US crude rose 30 cents to US$57.17 a barrel and Brent crude grew 21 cents to US$66.88 a barrel.

    In currencies, the ringgit slid 0.2% against the US dollar to 4.09110 and 0.% against the Singapore dollar at 3.0155.

    It rose 0.8% against the pound sterling at 5.3551 following UK lawmakers’ rejection of Prime Minister Theresa May’s EU exit plan last night.

 

  • The restriction on bauxite mining activity will only be withdrawn once all parties adhere to standard operating procedure, Malaysia’s Ministry of Water, Land and Natural Resources says in statement.

* Malaysia may not necessarily allow bauxite mining activity to resume once current moratorium ends on March 31

* Govt will hold public hearing on the matter on April 14

* Govt won’t issue new export licenses unless miners fulfill all the stated requirements

* Miners can’t do any mining and exporting before completing environmental impact assessment, which would take at least 6 months

Today’s KLSE Stock Signal

 

Today’s KLSE Stock Signal

Today’s KLSE Stock Signal

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7Mar

TODAY’S KLSE STOCK SIGNAL & TECHNICAL REPORT

Today’s KLSE Stock Signal

                         Today’s KLSE Stock Signal

Today’s KLSE Stock Signal

Today’s KLSE Stock Signal

Malaysia Stock Market News

  • The FBM KLCI index gained 1.20 points or 0.07% on Wednesday. The Finance Index fell 0.42% to 17557.36 points, the Properties Index up 1.40% to 918.78 points and the Plantation Index rose 0.61% to 7317.01 points. The market traded within a range of 4.25 points between an intra-day high of 1688.33 and a low of 1684.08 during the session.
  • Actively traded stocks include MYEG, SAPNRG, VELESTO, VS, SAPNRG-WA, SEACERA, DAYANG, BARAKAH, ZELAN and ARMADA. Trading volume increased to 3163.23 mil shares worth RM2530.54 mil as compared to Tuesday’s 2579.98 mil shares worth RM2111.76 mil.
  • Leading Movers were PMETAL (+12 sen to RM4.43), DIALOG (+4 sen to RM3.20), PETCHEM (+11 sen to RM9.30), PETDAG (+28 sen to RM26.68) and SIME (+2 sen to RM2.17). Lagging Movers were RHBBANK (-17 sen to RM5.54), MAHB (-12 sen to RM7.87), CIMB (-7 sen to RM5.52), HARTA (-4 sen to RM4.93) and IHH (-4 sen to RM5.84). Market breadth was positive with 532 gainers as compared to 328 losers.
  • The KLCI closed flat with 1.20 points higher at 1686.82 points despite overnight losses in US market. Market sentiment was muted as lack of fresh lead.

Today’s KLSE Stock Signal

Today’s KLSE Stock Signal

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5Mar

TODAY’S KLSE STOCK SIGNAL & TECHNICAL REPORT

Today’s KLSE Stock Signal

                        Today’s KLSE Stock Signal

Today’s KLSE Stock Signal

Today’s KLSE Stock Signal

Malaysia Stock Market News

  • The FBM KLCI index lost 6.77 points or 0.40% on Monday. The Finance Index fell 0.04% to 17722.22 points, the Properties Index dropped 0.07% to 910.03 points and the Plantation Index down 0.11% to 7266 points. The market traded within a range of 10.65 points between an intraday high of 1698.87 and a low of 1688.22 during the session.
  • Actively traded stocks include DAYA, SAPNRG, ARMADA, DAYANG, IWCITY, PERDANA, VS, HSIC3W, SAPNRG-WA and CARIMIN. Trading volume increased to 3140.80 mil shares worth RM2157.73 mil as compared to Friday’s 2901.03 mil shares worth RM2345.07 mil.
  • Leading Movers were PMETAL (+8 sen to RM4.28), RHBBANK (+6 sen to RM5.75), DIALOG (+2 sen to RM3.20), DIGI (+2 sen to RM4.58) and HLFG (+4 sen to RM19.60). Lagging Movers were PETDAG (-50 sen to RM26.20), SIME (-4 sen to RM2.14), GENTING (-11 sen to RM7.13), MAXIS (-8 sen to RM5.31) and GENM (-4 sen to RM3.40). Market breadth was negative with 426 gainers as compared to 448 losers.
  • The KLCI started the week on a negative note, closing lower at 1693.99 points despite overnight gain in US markets.. The performance of our local bourse was bogged down by selling interest in heavy weight counters such Press Metal, RHB Bank and Dialog Group.

Today’s KLSE Stock Signal

Today’s KLSE Stock Signal

Today’s KLSE Stock Signal

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27Feb

TODAY’S KLSE STOCK SIGNAL & TECHNICAL REPORT

Today’s KLSE Stock Signal

                        Today’s KLSE Stock Signal

Today’s KLSE Stock Signal

Today’s KLSE Stock Signal

Malaysia Stock Market News

  • Key Asian markets including Bursa Malaysia closed lower on Tuesday as investors locked in gains after the previous day’s surge.At 5pm, the KLCI was down 5.58 points or 0.32% to 1,719. Turnover was 2.64 billion shares valued at RM2.20bil. The broader market weakened with decliners beating advancers about two to one or 674 losers to 285 gainers and 294 counters unchanged.
  • Chinese stocks fell in heavy volume as some investors took profits on heavyweight financial shares, betting the market’s recent spectacular surge is unsustainable. The CSI300 index fell 1.2% while the Shanghai Composite Index fell 0.7%, Reuters reported.Hong Kong stocks closed lower, tracking a correction in Asian markets, as investors waited to see if Washington and Beijing can clinch a trade deal. The Hang Seng index fell 0.7% while the China Enterprises Index lost 0.8%.
  • The ringgit weakened against the US dollar, down 0.12% to 4.0718; it weakened 0.62% to the pound sterling to 5.3503, lost 0.15% against the euro to 4.6231 and shed 0.08% against the Singapore dollar to 3.0162.Oil inched lower to extend losses of more than 3% from the previous session, easing after US President Donald Trump called on Opec to rein in its efforts to boost prices. US light crude oil fell 14 cents to US$55.34 while Brent managed to eke out a three cents gain to US$64.79.

Today’s KLSE Stock Signal

 

 

Today’s KLSE Stock Signal

 

Today’s KLSE Stock Signal

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22Feb

TODAY’S KLSE STOCK SIGNAL & TECHNICAL REPORT

Today’s KLSE Stock Signal

                           Today’s KLSE Stock Signal

 Today’s KLSE Stock Signal

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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