10Dec

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 2.80 points or 0.17% on Friday. The Finance Index fell 0.10% to 17435.04 points, the Properties Index up 0.21% to 910.63 points and the Plantation Index down 0.04% to 6835.11 points. The market traded within a range of 7.76 points between an intra-day high of 1684.36 and a low of 1676.60 during the session.
  • Actively traded stocks include TATGIAP-PR, ARMADA, MYEG, YONGTAI, SAPNRG, SANICHI, HSIC3X, HUBLINE, JAKS and VS-WA. Trading volume decreased to 1913.87 mil shares worth RM1506.84 mil as compared to Thursday’s 1964.47 mil shares worth RM1855.99 mil.
  • Leading Movers were MAHB (+21 sen to RM7.81), DIGI (+4 sen to RM4.49), TM (+2 sen to RM2.61), MISC (+4 sen to RM6.10) and HARTA (+4 sen to RM6.25). Lagging Movers were DIALOG (-5 sen to RM3.18), KLK (-24 sen to RM24.14), PETCHEM (-7 sen to RM9.20), GENM (-2 sen to RM2.87) and MAXIS (-3 sen to RM5.40). Market breadth was negative with 292 gainers as compared to 427 losers.
  • The KLCI closed lower at 1680.54 points amid overnight losses in US market. Investors remain cautious with uncertain outlook for trade war between China and US following the arrest of Hua Wei’s top executive.

  Today’s KLSE Stock Signal

  Today’s KLSE Stock Signal

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7Dec

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

INTERNATIONAL COMEX NEWS

  •  Gold prices were flat on Thursday after the arrest of a top executive at China-based Huawei Technologies sparked worries that it could reignite the U.S.-Sino trade dispute. Comex gold futures for February delivery inched up 0.04% to $1,243.05 a troy ounce as of 8:52 AM ET (13:52 GMT). Market sentiment was on edge after Meng Wanzhou, the chief financial officer at smartphone company Huawei was arrested in Canada on an an extradition request by the U.S. The U.S. has been investigating whether or not she violated sanctions against Iran.
  • OPEC tentatively agreed an oil-output cut on Thursday but was waiting to hear from non-OPEC heavyweight Russia before deciding the exact volumes for a production reduction aimed at propping up crude prices, two sources from the group said. Russian Energy Minister Alexander Novak flew home from Vienna earlier for talks with President Vladimir Putin in St Petersburg.
  •  The Trump administration is expected on Thursday to roll back an Obama-era rule that requires new coal plants to capture their carbon emissions, a move that could crack open the door in coming years for new plants fired by the fossil fuel. The Environmental Protection Agency (EPA) will make an “energy policy announcement” at 1:30 p.m. EST (1830 GMT) on Thursday.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • Remainers were jubilant when an adviser to the European Union’s top court said the U.K. should be able to change its mind about Brexit. But the opinion of Advocate General Manuel Campos Sanchez-Bordona is non-binding on the EU’s Court of Justice — meaning judges can decide for themselves as they prepare to issue a landmark ruling on whether Britain could unilaterally revoke the “Article 50” letter that started the clock ticking on Brexit
  • China and India may be talking about improving their trade relationship but there is little action to go with the words. According to Indian government officials and representatives of various Indian trade bodies, progress is very slow – and may even be getting slower after last weekend’s truce between the United States and China in their trade war. Both India and China have sought to rebuild trust after a armed standoff over a stretch of the Himalayan border last year.
  • Britain will suspend its top tier investor visas, which require 2 million pounds ($2.55 million) in investment, as part of a drive to crack down on organized crime and money laundering. From Russian oligarchs and Middle Eastern oil barons to newly-minted Chinese entrepreneurs, the wealthy have flocked to London over the past two decades, snapping up everything from opulent homes to soccer clubs.

COMEX GOLD SIGNAL

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5Dec

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 19.86 points or 1.18% on Monday. The Finance Index increased 0.67% to 17486.18 points, the Properties Index up 0.84% to 903.07 points and the Plantation Index rose 1.38% to 6947.76 points. The market traded within a range of 14.93 points between an intra-day high of 1700.67 and a low of 1685.74 during the session.
  • Actively traded stocks include ARMADA, MYEG, GENM, JAKS, HIBISCS, AAX, SAPNRG, HSI-C3W, HSI-H4W and DESTINI. Trading volume decreased to 2518.18 mil shares worth RM2293.90 mil as compared to Friday’s 3088.67 mil shares worth RM4554.76 mil.
  • Leading Movers were AXIATA (+32 sen to RM3.95), SIME (+15 sen to RM2.44), SIMEPLT (+24 sen to RM4.94), GENTING (+31 sen to RM6.59) and TM (+9 sen to RM2.42). Lagging Movers were PPB (-60 sen to RM17.00), PETDAG (-80 sen to RM25.00), NESTLE (-140 sen to RM148.00), PETCHEM (-3 sen to RM9.17) and PBBANK (-4 sen to RM24.88). Market breadth was positive with 568 gainers as compared to 338 losers.
  • The KLCI closed higher at 1699.72 points amid last Friday’s gains in US market. The performance of our local bourse was in line with our regional peers following Presidents Donald Trump and Xi Jinping agreed to a temporary trade truce between the United States and China.

    Today’s KLSE Stock Signal

5dec5

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4Dec

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

INTERNATIONAL COMEX NEWS

  • Qatar said on Monday it was quitting OPEC from January to focus on its gas ambitions, taking a swipe at the group’s de facto leader Saudi Arabia and marring efforts to show unity before this week’s meeting of exporters to tackle an oil price slide. Doha, one of OPEC’s smallest oil producers but the world’s biggest liquefied natural gas (LNG) exporter, is embroiled in a protracted diplomatic row with Saudi Arabia and some other Arab states.
  • Champions of coal say the superabundant fossil fuel can be made environmentally friendlier by refining it with chemicals – a “clean coal” technology backed by a billion dollars in U.S. government tax subsidies annually. But refined coal has a dirty secret. It regularly fails to deliver on its environmental promises, as electric giant Duke Energy Corp (NYSE:DUK) found. Duke began using refined coal at two of its North Carolina power plants in August 2012.
  • China will need to drop its steep tariffs imposed on a range of American farm products earlier this year before it can fulfill its pledge to buy a “very substantial” amount of U.S. goods, said Chinese traders on Monday. China and the United States agreed on Saturday to refrain from setting additional tariffs that would further escalate a months-long trade war that has roiled global markets and halted sales of American soybeans to the world’s top buyer.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • Federal Reserve vice chairman Randal Quarles said the Fed’s increasing “data dependence” does not mean it will react to every change, but only to “significant changes in direction.” After a week in which markets have swung in their interpretation of where the Fed is heading, Quarles said in remarks in New York that “we should be data dependent but not reacting to every wavering of the needle across the dial…We have described in all the communications tools a path that is pretty clear.”
  • The Bank of Canada will next raise interest rates early next year, according to a strong majority of economists polled by Reuters who still say two more rate rises will follow by end-2019. As recently as late October there was a minority view that a rate rise might come in December. But a huge plunge in the price of oil – Canada’s main export – along with evidence of household budget strain has largely erased those expectations.
  • China was the driving force by a 30 percent leap in global trademark applications in 2017 as innovation turns into the main battleground among competing world economies, the U.N. World Intellectual Property Organization said on Monday. Figures issued by WIPO showed trademark applications hit 9.11 million last year while patent applications rose 5.8 percent to 3.2 million, with 2018 data showing the trend was continuing, WIPO Director General Francis Gurry told a news conference. Asia now accounted for 65.1 percent of patent applications, 66.6 percent of trademark applications, and 67.9 percent of design applications.

COMEX GOLD SIGNAL

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3Dec

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 16.48 points or 0.97% on Friday. The Finance Index fell 0.56% to 17369.22 points, the Properties Index dropped 0.72% to 895.53 points and the Plantation Index down 2.58% to 6853.27 points. The market traded within a range of 25.53 points between an intra-day high of 1702.98 and a low of 1677.45 during the session.
  • Actively traded stocks include MYEG, ARMADA, FGV, ASTRO, JAKS, HUBLINE, PWORTH, GENM, SAPNRG and QL. Trading volume increased to 3088.67 mil shares worth RM4554.76 mil as compared to Thursday’s 2164.52 mil shares worth RM2447.70 mil.
  • Leading Movers were NESTLE (+240 sen to RM149.40), RHBBANK (+4 sen to RM5.25), PETGAS (+14 sen to RM18.94), GENM (+2 sen to RM2.86) and HARTA (+4 sen to RM6.40). Lagging Movers were SIMEPLT (-27 sen to RM4.70), SIME (-11 sen to RM2.29), AXIATA (-15 sen to RM3.63), MISC (-18 sen to RM6.15) and IOICORP (-15 sen to RM4.25). Market breadth was negative with 273 gainers as compared to 614 losers.
  • The KLCI closed lower at 1679.86 points. The performance of our local bourse bogged down by high selling interest in heavy weight counters led by Sime Darby Plantation.

   Today’s KLSE Stock Signal

   Today’s KLSE Stock Signal

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30Nov

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

INTERNATIONAL COMEX NEWS

  • Gold edged higher for the second consecutive session on Thursday and is currently placed at the top end of its weekly trading range, around the $1227-28 region. The Fed Chair Jerome Powell’s comments that rates are just below the neutral level now triggered a broad-based US Dollar weakness and prompted some short-covering trade around the dollar denominated commodity.
  • Global temperatures are on course for a 3-5 degrees Celsius (5.4-9.0 degrees Fahrenheit) rise this century, far overshooting a global target of limiting the increase to 2C (3.6F) or less, the U.N. World Meteorological Organization said on Thursday. “Greenhouse gas concentrations are once again at record levels and if the current trend continues we may see temperature increases 3-5 degrees C by the end of the century,” Secretary-General Petteri Taalas said in the WMO’s annual statement on the state of the climate.
  • Oil prices erased an earlier decline that took U.S. crude below $50 for the first time in more than a year and jumped on reports that Russia recognized the need for major producers to cut production. New York-traded West Texas Intermediate crude futures rose 98 cents, or 1.98%, at $51.27 a barrel by 9:35 AM ET (14:35 GMT). Meanwhile, Brent crude futures, the benchmark for oil prices outside the U.S., traded up 71 cents, or 1.20%, to $59.80.

COMEX GOLD SIGNAL

 

ECONOMY NEWS

  • U.S. stocks opened lower on Thursday as investors took a cautious stance in the run up to U.S.-China trade talks at the upcoming G20 Summit after President Donald Trump said there was “a long way to go” on tariffs with Beijing. The Dow Jones Industrial Average (DJI) fell 22.78 points, or 0.09 percent, at the open to 25,343.65. The S&P 500 (SPX) opened lower by 6.82 points, or 0.25 percent, at 2,736.97. The Nasdaq Composite (IXIC) dropped 24.22 points, or 0.33 percent, to 7,267.37 at the opening bell.
  • The euro zone bank sector is prepared for a hard Brexit and the Bank of England is right to warn of a deep recession if Britain leaves the bloc without a deal, European Central Bank Vice President Luis de Guindos said on Thursday. The BoE said on Wednesday that the British economy could shrink by as much as 8 percent in about a year in case of a no-deal Brexit, adding to pressure on lawmakers to drop their opposition to the Brexit agreement that Prime Minister Theresa May struck.
  • China is hoping for “positive results” in resolving a trade dispute with the United States at a G20 summit in Argentina, the commerce ministry said on Thursday, ahead of a closely watched meeting of Chinese and U.S. leaders. U.S. President Donald Trump and Chinese President Xi Jinping are due to hold trade discussions on the sidelines of the G20 summit in Buenos Aires on Saturday

COMEX GOLD SIGNAL

 

 

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28Nov

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 17.02 points or 1.00% on Tuesday. The Finance Index fell 0.20% to 17323.36 points, the Properties Index dropped 0.53% to 907.93 points and the Plantation Index down 1.15% to 6996.4 points. The market traded within a range of 15.94 points between an intra -day high of 1699.09 and a low of 1683.15 during the session.
  • Actively traded stocks include GENM, SANICHI-OR, SAPNRG, HSI-H4W, GENM-C42, JAKS-WR, MYEG, HIBISCS, HSI-C3X and SEACERA. Trading volume increased to 2177.12 mil shares worth RM2610.49 mil as compared to Monday’s 1744.88 mil shares worth RM1410.04 mil.
  • Leading Movers were AXIATA (+5 sen to RM3.50), RHBBANK (+6 sen to RM5.25), CIMB (+2 sen to RM5.70), PETGAS (+6 sen to RM18.80) and HLBANK (+6 sen to RM20.66). Lagging Movers were GENM (-60 sen to RM3.00), GENTING (-52 sen to RM6.38), TM (-7 sen to RM2.25), PMETAL (-11 sen to RM4.76) and NESTLE (-310 sen to RM144.50). Market breadth was negative with 199 gainers as compared to 686 losers.
  • The KLCI closed lower at 1684.97 points despite overnight gained in Us market. The performance of our local bourse was bogged down due to high selling interest heavy weight counters led by Genting Malaysia, Genting and TM.

 Today’s KLSE Stock Signal

28nov5

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27Nov

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

INTERNATIONAL COMEX NEWS

  • Commodity bull Goldman Sachs Group Inc (NYSE:GS). is undaunted by the sell-off in raw materials and is forecasting returns of about 17 percent in the coming months, describing the current situation as unsustainable and touting this week’s G-20 meeting in Buenos Aires as a potential turning point. “Given the size of dislocations in commodity pricing relative to fundamentals — with oil now having joined metals in pricing below cost support — we believe commodities offer an extremely attractive entry point for longs in oil, gold and base,” analysts including Jeffrey Currie said in a report.
  • Oil prices rebounded on Monday in Asia after slumping 8% last Friday amid concerns that excess supply and weakening demand pressures could create a glut next year. Crude Oil WTI Futures for January delivery rose 1% to $50.92 a barrel at 12:33 AM ET (05:33 GMT) on the New York Mercantile Exchange, while Brent Oil Futures for February delivery also climbed 1.3% to $59.82 per barrel on London’s Intercontinental Exchange.
  • Saudi Aramco will expand its market share in Asia despite likely OPEC limits on output next year, and is eyeing deals in China and Africa as it aims to become a global leader in chemicals, the head of the world’s top oil producer said on Monday. Amin Nasser, chief executive of the state oil giant, told Reuters that his company would abide by any OPEC agreement to cut crude production in 2019, less than two weeks before the exporter group meets to decide output policy.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • The Bank of Israel raised its benchmark interest rate to 0.25 percent on Monday, an unexpected move that brought nearly four years of record-low borrowing costs to a close. The bank, in a statement accompanying the rate decision, assessed that borrowing costs would rise in a “gradual and cautious” manner. The shekel gained as much as 0.8 percent against the dollar, extending its daily advance and recouping some of its loss since the last rate decision on Oct. 8.
  • A gradual slowdown in euro zone growth is normal and may be in part temporary, European Central Bank President Mario Draghi said on Monday, arguing that his assessment for inflation has not changed even if growth is weaker than earlier thought. “There is good reason to be confident that underlying inflation will gradually rise in the period ahead,” Draghi said. “Recent developments confirm the Governing Council’s earlier assessments of the medium-term inflation outlook.”
  • Global wage grew by 1.8 percent in 2017, down from 2.4 percent in 2016 and the slowest rate since the global financial crisis in 2008, the International Labour Organization said in its two-yearly Global Wage Report on Monday. “What is now widely recognized is that slow wage growth has become an obstacle to achieving sustainable economic growth,” ILO Director-General Guy Ryder wrote in the report.

COMEX GOLD SIGNAL

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22Nov

COMEX MARKET IN MALAYSIA | GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

INTERNATIONAL COMEX NEWS

  • Gold prices rose on Wednesday on the back of further speculation that the Federal Reserve may take a less aggressive stance on policy tightening, while tension over trade issues between the U.S. and China continued to provide support for the precious metal. At 9:38 AM ET (14:38 GMT), gold futures for December delivery on the Comex division of the New York Mercantile Exchange gained $6.20, or 0.51%, to $1,227.40 a troy ounce.
  • U.S. President Donald Trump praised Saudi Arabia for helping to lower oil prices on Wednesday as pressure intensified to impose tougher sanctions on the Middle East ally following the murder of dissident Saudi journalist Jamal Khashoggi. In a tweet, Trump thanked Riyadh for the recent drop in oil prices and called for prices to go even lower, likening it to “a big tax cut” that could boost the U.S. and global economies.
  • Russian President Vladimir Putin may meet with Saudi Crown Prince Mohammad bin Salman at the Group of 20 summit next week, the Kremlin said. The talks will come just days before a crucial meeting of OPEC and its allies in Vienna, where Saudi Arabia will be trying to convince Russia to cooperate on curbing crude output next year following oil’s plunge back into a bear market.

GOLD TRADING FORECAST TODAY

ECONOMY NEWS

  • As Prime Minister Theresa May battled to save her draft Brexit deal in the face of resignations from her team and threats of a leadership coup, many believed one man could deal the fatal blow. But he didn’t. Michael Gove, her environment minister and the most prominent Brexit campaigner in the British cabinet, took two days to weigh up his options. During that time he declined May’s offer to be Brexit minister, because she refused to let him renegotiate the deal.
  • The Group of 20 industrialized nations is drafting a communique that will exclude an explicit pledge to fight protectionism, which could help avoid a repetition of friction between U.S. President Donald Trump and world leaders at last year’s summit, the Financial Times reported on Wednesday. The draft communique obtained by the FT calls for countries to keep markets open, preserve multilateral trade, and ensure a level playing field, the newspaper reported. The document could change before the 2018 summit begins in Buenos Aires on Nov. 30, it said.
  • Greece on Wednesday projected its economy would grow by 2.5 percent next year, as it submitted its first post-bailout budget to parliament promising to return a high surplus. Presenting its 2019 budget, vetted and approved by the European Commission, Athens said it would outperform on its primary surplus targets for the fifth year running, returning a surplus of 3.6 percent of economic output. The government also saw the country’s debt at 167.8 percent of GDP next year from 180.4 this year.

GOLD TRADING FORECAST TODAY

 

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21Nov

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 4.33 points or 0.25% on Monday. The Finance Index increased 0.87% to 17451.35 points, the Properties Index up 1.40% to 925.37 points and the Plantation Index down 0.07% to 7251.27 points. The market traded within a range of 14.46 points between an intra-day high of 1712.97 and a low of 1698.51 during the session.
  • Actively traded stocks include HSI-H4O, TATGIAP, MYEG, OCK, OCK-WA, SEACERA, ORION, A50CHIN-C26, PERMAJU and HSI-C3X. Trading volume decreased to 1584.22 mil shares worth RM1560.79 mil as compared to Friday’s 1849.31 mil shares worth RM1886.59 mil.
  • Leading Movers were PMETAL (+10 sen to RM5.00), PBBANK (+38 sen to RM25.00), IHH (+7 sen to RM4.81), CIMB (+8 sen to RM5.73) and HLFG (+24 sen to RM19.62). Lagging Movers were TM (-12 sen to RM2.26), MAHB (-18 sen to RM7.98), DIALOG (-6 sen to RM3.23), HARTA (-10 sen to RM6.20) and IOICORP (-6 sen to RM4.33). Market breadth was negative with 365 gainers as compared to 428 losers.
  • The KLCI started the week on a positive note, closing higher at 1710.71 points despite last Friday’s overnight mixed performance in US market. The performance of our local bourse was lifted by buying interest in heavy weight counters such as Press Metal, Public Bank and IHH Healthcare.

   Today’s KLSE Stock Signal

21nov6

21nov5

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