tag:blogger.com,1999:blog-57682619952812919732024-11-06T11:01:23.927+08:00KLSE or Bursa Malaysia stock market latest blogs, KLCI and stocks news updates.Unknownnoreply@blogger.comBlogger276125tag:blogger.com,1999:blog-5768261995281291973.post-63704588144154360972018-04-23T13:54:00.001+08:002018-04-23T13:54:05.187+08:00

● The FBM KLCI drifted lower on Friday, taking cue from the weak close on Wall Street a day earlier and selling-pressure in selected blue chips. The key-index, however, closed 1.0% W.o.W higher on weekly basis, lifted by foreign buyinginterest. The lower liners – the FBM Small Cap (-1.0%), the FBM Fledgling (- 0.7%) and the FBM Ace (-0.8%) were also splashed in red, alongside all ten subsectors

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5768261995281291973.post-59832855858694891412016-11-11T05:35:00.001+08:002016-11-25T12:21:22.136+08:00

While Asian equity markets may remain soft after the surprise of Donald Trump’s win in the US presidential election, we look forward to buying opportunities. Essentially, we do not expect significant economic repercussions on Malaysia’s economy or corporate earnings, save for the indirect impact on downward biases for the ringgit vs the US dollar and on interest rates. We highlight the trough

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5768261995281291973.post-67093631646073394432016-10-31T15:08:00.001+08:002016-10-31T15:08:04.867+08:00

Stocks on Bursa Malaysia snapped a three-day losing streak to end higher last Friday on bargain hunting in selected heavyweights, which saw late fund buying of Tanaga Nasional and Malayan Banking. Bargain hunting by institutional funds supported the local market but further gains were limited by fears of a better-than-expected US third-quarter gross domestic product data which will be out later

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5768261995281291973.post-6812348036933493282016-10-17T11:36:00.001+08:002016-10-17T11:41:42.226+08:00

Market review Last Friday, the MSCI Asia Pacific Index (MXAP) inched up 0.24-pt to 138.16 (wow -1.73%) after recorded a 5th straight decline following a higher-than-expected China CPI, signaled surprising economic strength in the world's second largest economy. However, sentiment remained cautious ahead of the Janet Yellen's speech at the Boston Fed Conference on how close the Fed is

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5768261995281291973.post-42783207367432454582016-09-28T14:14:00.002+08:002016-09-28T14:14:47.767+08:00

Stocks fell on Tuesday, with most investors sidelined amid lack of local leads and attention focused on the first direct US Presidential debate. The KLCI slipped 4.78 points to end at 1,664.72, after ranging between high of 1,666.69 and low of 1,661.58, as losers beat gainers 426 to 338 on slower turnover of 1.48bn shares worth RM1.85bn. Support at 1,655/1,648, Resistance at 1,678

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5768261995281291973.post-24427369236532302612016-09-06T11:55:00.001+08:002016-09-06T11:55:05.627+08:00

The current market is weak as the bears are still in charge. Last Friday, the FBMSC rebounded by 61.86 pts to settle at 15,169.40 pts. It formed a white candle that pierced more than half of the prior black candle’s body. This usually signals that the positive momentum is revving up. Nevertheless, until we witness a solid bullish follow-through, we think that the index is merely taking a

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5768261995281291973.post-4221205587240528822016-08-19T11:26:00.001+08:002016-08-19T11:26:02.683+08:00

Bursa Malaysia shares managed to rebound from early decline in choppy trade Thursday, in line with most of the regional markets as weak trade data from Japan weighed on sentiment. The index inched up by 0.55 points to close at the day’s high of 1,694.87, off an early low of 1,690.44, as losers beat gainers 439 to 384 on turnover totaling 2.85bn shares worth RM1.99bn. Support from Rising

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5768261995281291973.post-59841919814479848602016-03-31T09:07:00.001+08:002016-05-10T08:07:39.572+08:00

Blue chips led by banks again extended gains Wednesday, after the ringgit appreciated to a near eight-month high of 3.91 to the USD, the strongest since early Aug last year, copying regional strength after the US Fed chief suggested interest rates may not be raised soon. The KLCI added 2.78 points to end at 1,717.82, off an early high of 1,724.13 and low of 1,716.37, as gainers edged losers 433

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5768261995281291973.post-20199982638784279452016-01-26T09:00:00.001+08:002016-01-26T09:00:29.298+08:00

■ We are of the view global equity markets are not starting a major bear market phase. ■ US DJIA could be in a major sideways triangle consolidation phase. Long-term uptrend is still intact. ■ MSCI Asia ex-Japan has reached our target levels. Technical indicators show positive divergence signs, an indication the Index is close to its bottom. ■ Crude oil prices should rebound in the

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5768261995281291973.post-50001321589640445262016-01-11T13:20:00.003+08:002016-01-11T13:21:24.118+08:00

Wall Street started the new year on an extremely negative tone after China’s stockmarkets went limit down (by 7.0%) and triggered the circuit breaker two times last week amid its weaker manufacturing data - the Dow declined 276.09 pts to 17,148.94 pts on Monday. The key index, however, stabilised and ended 17,158.66 pts (+9.72 pts) on Tuesday after a rough start. Nevertheless, the selling

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5768261995281291973.post-80882083243575292402015-11-16T09:28:00.001+08:002015-11-16T09:28:22.863+08:00

The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) suffered a setback last week after strong October U.S. jobs data fueled expectations the US Federal Reserve will raise interest rates at its December policy meeting. Oil & gas, banking and plantation stocks re the main drags on the index, but a sharp overnight Wall Street correction sparked by weak crude oil prices was offset by

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5768261995281291973.post-65753127687643865752015-10-19T10:44:00.001+08:002015-10-19T10:44:29.933+08:00

The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) sustained moderate gains last week despite profit-taking in the four-day week due to the Awal Muharam holiday, with robusttrading momentum focused mostly on the ACE Market and small cap sector. A strong rally in China  stocks with a weekly gain of more than 6 percent sparked by stimulus hopes, and Wall Street rally due to

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5768261995281291973.post-24664116094370756352015-09-28T10:55:00.001+08:002015-09-28T10:55:33.370+08:00

The FBM KLCI gapped down at the start of the session, but managed to recover to end marginally higher at 1,615.01 pts (+1.84 pts). The MACD Histogram, however, extended another red bar but the RSI is above 50. Resistance will be set around 1,660. Support will be located around 1,600.   by Malacca Securities

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5768261995281291973.post-63572139832162219812015-09-23T10:53:00.001+08:002015-09-23T10:53:40.031+08:00

Follow-through selling pressure was noted on the FBM KLCI and it ended below the EMA9 level. The MACD Histogram extended another red bar, but the RSI is hovering above 50. The FBM KLCI may be due for a technical rebound towards the resistance of 1,650. Meanwhile, the support will be set around 1,600.   by Malacca Securities Sdn Bhd

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5768261995281291973.post-20779513312860403902015-09-22T09:56:00.001+08:002015-09-22T09:56:21.462+08:00

The FBM KLCI might add a few points today following the rebound of global stocks overnight that clawed back some of the losses due to the Federal Reserve’s inaction last week.   The FBM KLCI might add a few points today following the rebound of global stocks overnight that clawed back some of the losses due to the Federal Reserve’s inaction last week. Meanwhile, the dollar extended

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5768261995281291973.post-9219237800857472002015-09-21T10:12:00.001+08:002015-09-21T10:12:38.815+08:00

Share prices on Bursa Malaysia extended gains for a second week. The FBMKLCI breached the 1,600 psychological level last week as investors reacted positively to  Special Economic Committee's measures to stabilize the stock market with the reactivation of ValueCap with funds of up to RM20bn to shore up the local stock market.   Meanwhile, global market sentiment also got a boost

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5768261995281291973.post-56596832216649855142015-09-15T07:28:00.001+08:002015-09-15T07:33:45.584+08:00

NDF foretelling Ringgit respite? Equity market regains some upside KLCI: 1,603.36 points 2015 Year-end Target: 1,650 points …which spiked up to almost 1,000 pips near mid-August… Henceforth, the underlying pressure returned more strongly. In the ensuing months of June to August 2015, the spread of USD/MYR offshore-onshore forward rates expanded progressively and eventually spiked up to almost

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5768261995281291973.post-54402705476684901682015-09-02T09:09:00.001+08:002015-09-02T09:09:35.894+08:00

above: FBM KLCI Weekly Chart   The FBM KLCI ended higher but faced with mild resistance around the EMA20 level (1,620). The MACD Indicator, however has given a “Buy” signal, while the RSI has crossed above 30.   The FBM KLCI may be due for a profit taking activities as it approaches the 1,660 level. Support will be set around 1,580.   by Malacca Securities Sdn Bhd

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5768261995281291973.post-76670744717621730912015-05-18T11:25:00.001+08:002015-05-18T11:25:47.553+08:00

FBM KLCI – Temporary support is at 1,795. Market Action The FBM KLCI rose 4.27 points WoW to close at 1,811.92, as some minor buying activities persisted. However, volume turned down from 1.75b to 1.54b shares. The index traded from 801.27 to 936.63 (Oct 2008 to Apr 2009), but broke above 936.63 (Wave a/B) in Apr 2009. Its Wave b/B low was 836.51. We traced out a Wave C/B (of a 3-3-5 Flat

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5768261995281291973.post-63614758566905602852014-06-30T11:01:00.001+08:002014-06-30T11:01:10.633+08:00

Blue chips on Bursa Malaysia slipped into profit-taking correction mode late last week, reversing earlier first-half window-dressing gains due to increased geopolitical concern over Iraq and downward revision to United States economic growth. Sentiment was adversely affected by comments from a US Federal Reserve official on the possibility of raising interest rates by the end of the first quarter

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5768261995281291973.post-51220219365231675172014-06-26T11:13:00.001+08:002014-06-26T11:13:13.783+08:00

Malaysia Core inflation improved to 3.1% yoy despite higher transport costs Malaysia’s headline inflation rate, as measured by consumer price index (CPI), slowed further to 3.2% yoy in May, after holding at a high of 3.5% for two straight months from February-March 2014 (3.4% in April). This was in line with market expectations. Food prices, which account for 30.3% of the total CPI basket,

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5768261995281291973.post-52494395299551560162014-03-25T09:16:00.001+08:002014-03-25T09:16:10.779+08:00

  FBM KLCI Resistance at 1,840, Next at 1,860 BUY Axiata & Genting Bhd for Rebound   Blue chips on Bursa Malaysia rose on Monday, copying regional strength after a weak factory survey  in  China  fueled  speculation  the  country  will adopt  stimulus  measures  to  boost  the economy. The KLCI rose 13.37 points to

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5768261995281291973.post-21694605569549714412014-02-10T12:47:00.001+08:002014-02-10T12:47:03.418+08:00

FBM KLCI: 1,785.88    (2014 Year-end Target: 1,900 points) The world is transitioning to a more normal monetary as well as macro environment.The US Fed is slowly taking away  the  QE3  liquidity  punchbowl  with  the  pace  of  monetary  normalization  “tied  to  what  happens  in  the economy”.&#

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5768261995281291973.post-17113610349516930622014-01-21T08:32:00.001+08:002014-01-21T08:32:51.489+08:00

After  a  brilliant  2013,  the  FBM  KLCI  may  underperform  its  peers  in  2014 Reversion  to  mean  valuation. In  our  Strategy  note  dated  8  January,  we  highlighted  that  the  comparative valuation of the FBM KLCI surpassed all its regional peers and “the

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-5768261995281291973.post-85998863773492992962013-12-30T10:51:00.001+08:002013-12-30T10:51:02.272+08:00

Technical  indicators  for  the  FBM  KLCI  have  turned  bullish  following  the  strong  windowdressing  surge  on  blue  chips  last  week,  with  a  fresh  daily  stochastics  buy  signal  and  daily MACD  poised  to  trigger  a  buy&#

Unknownnoreply@blogger.com