Highlights

KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Wed, 20 Jun 2018, 05:23 PM

 

Evening Market Summary - 20 Jun 2018

Author: mplus313   |  Publish date: Wed, 20 Jun 2018, 05:23 PM


FBM KLCI: 1,709.75 pts (-5.61pts, -0.33%)

The FBM KLCI (-0.3%) continued its downward bias despite recovery in the offshore markets, weighed down by selling pressure in selected blue chip and the weaker Ringgit. Market breadth, however, turned positive as advancers overtook decliners on a ratio of 439-to-356 stocks. Semicon-related stocks like Unisem (+15.0 sen), Pentamaster (+6.0 sen) and Visdynamics (+3.0 sen) bucked the general market sentiment to close higher, on expectations of resilient growth in the global semiconductor industry.

Top 3 Active stocks:
SAPNRG (5218): RM0.625 (+2.5 sen)
MI (5286): RM1.54 (+12.0 sen)

GSB (7077): RM0.23 (+4.5 sen)

Volume: 1.85 bln (100-day avg vol: 2.66 bln)
Value: RM2.21 bln
Market Breadth: ⬆:439 ⬇:356
Crude palm oil: RM2,259 (-RM4)

Dow Futures: 24,829 pts (+114 pts)

Source: Bloomberg, M+ Online


Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.

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Daily Market Update - 20 Jun 2018 (SCGM, ELSOFT)

Author: mplus313   |  Publish date: Wed, 20 Jun 2018, 08:38 AM


Dow Jones: 24,700.21 pts (-287.26pts, -1.15%)
U.S. stockmarkets extended their losses overnight as the Dow (-1.2%) registered its sixth straight session of decline after U.S. President Donald Trump is imposing an additional US$200.0 bln in tariffs on China goods. The immediate support is located at 24,500.

FBM KLCI: 1,715.36 pts (-28.07pts, -1.61%)
The FBM KLCI (-1.6%) recorded its seventh consecutive losing streak, dragged down by the escalated trade tension between U.S. and China coupled with the uninterrupted foreign fund outflow. The immediate support is located at 1,710.

Crude Palm Oil: RM2,263 (-RM44, -1.91%)
Crude palm oil prices sank to its lowest level since July 2016, on trade spat on trade spat between U.S. and China coupled with weaker export. The immediate support is envisaged around RM2,200.

WTI Crude Oil: $65.07 (-$0.78, -1.19%)
Crude oil prices retreated alongside with major commodities, dragged down by trade dispute between the two world largest economic powerhouses. The immediate support is located at US$62.

Gold: $1,274.66 (-$3.66, -0.29%)
Gold prices extended its losses for the third straight day after the U.S. Dollar continue to gain momentum against a basket of currencies. The immediate support will be pegged around US$1,260.

Bursa Malaysia Trade Statistics - 19 Jun 18
Institutions:  Net BUY 458.7 mln (46.5%)
Retail:  Net BUY 96.3 mln (18.4%)
Foreign:  Net SELL 555.0 mln (35.1%)

Potential Momentum Stocks - 20 Jun 18 
Stock Name: SCGM (7247)
Entry: Buy above RM1.78
Target: RM2.05 (15.2%), RM2.22 (24.7%)
Stop: RM1.59 (-10.7%)
Shariah: Yes
Technical: Consolidation breakout

Stock Name: ELSOFT (0090)
Entry: Buy above RM2.65
Target: RM2.79 (5.3%), RM2.95 (11.3%)
Stop: RM2.56 (-3.4%)
Shariah: yes
Technical: Symmetrical triangle formation breakout

Source: Bloomberg, M+ Online

 

Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.

Labels: SCGM, ELSOFT
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Evening Market Summary - 19 Jun 2018

Author: mplus313   |  Publish date: Tue, 19 Jun 2018, 05:21 PM


FBM KLCI: 1,715.36 pts (-28.07pts, -1.61%)

The FBM KLCI extended its losing streak with more than half of its constituents in the red, weighed down by escalating trade disputes between Washington and Beijing. Market breadth was negative as losers overwhelmed the winners by close to three-fold. Meanwhile, banking stocks which led the losses on the key-index were Public Bank (-64.0 sen), Hong Leong Financial Group (-56.0 sen) and Maybank (-27.0 sen). 

Top 3 Active stocks:
SAPNRG (5218): RM0.60 (-3.0 sen)
MYEG (0138): RM0.98 (+1.5 sen)

NOVAMSC (0026): RM0.135 (unch)

Volume: 2.31 bln (100-day avg vol: 2.69 bln)
Value: RM2.66 bln
Market Breadth: ⬆:226 ⬇:673
Crude palm oil: RM2,258 (-RM49)

Dow Futures: 24,661 pts (-355 pts)

Source: Bloomberg, M+ Online


Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.

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Daily Market Update - 19 Jun 2018 (JOHOTIN, FPI)

Author: mplus313   |  Publish date: Tue, 19 Jun 2018, 08:36 AM


Dow Jones: 24,987.47 pts (-103.01pts, -0.41%)
U.S. stockmarkets extended their losses as the Dow declined 0.4% overnight amid the escalating trade dispute between U.S. and China. The immediate support is located at 24,500.

FBM KLCI: 1,743.43 pts (-18.35pts, -1.04%)
The FBM KLCI (-1.0%) trended lower for the sixth straight session after lingering in the negative territory yesterday, dragged down by selling pressure in selected index heavyweights by foreign funds. The immediate support is located at 1,710.

Crude Palm Oil: RM2,307 (-RM29, -1.24%)
Crude palm oil prices retreated on trade dispute between U.S. and China coupled with weaker exports data in early-mid June 2018. The immediate support is envisaged around RM2,300.

WTI Crude Oil: $65.85 (+$0.79, +1.21%)
Crude oil prices rebounded from its previous session selloff, lifted by anticipation of smaller-than-expected production increase by OPEC members. The immediate support is located at US$62.

Gold: $1,278.32 (-$0.62, -0.05%)
Gold prices extended its losses as the U.S. Dollar continues to gain momentum against a basket of currencies. The immediate support will be pegged around US$1,260.

Bursa Malaysia Trade Statistics - 18 Jun 18
Institutions:  Net BUY 190.1 mln (46.5%)
Retail:  Net BUY 48.7 mln (17.8%)
Foreign:  Net SELL 238.8 mln (35.7%)

Potential Momentum Stocks - 19 Jun 18 
Stock Name: JOHOTIN (7167)
Entry: Buy above RM1.04
Target: RM1.12 (7.7%), RM1.17 (12.5%)
Stop: RM0.98 (-5.8%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: FPI (9172)
Entry: Buy above RM1.41
Target: RM1.48 (5.0%), RM1.55 (9.9%)
Stop: RM1.35 (-4.3%)
Shariah: No
Technical: Trendline breakout

Source: Bloomberg, M+ Online

 

Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.

Labels: JOHOTIN, FPI
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Evening Market Summary - 18 Jun 2018

Author: mplus313   |  Publish date: Mon, 18 Jun 2018, 05:18 PM


FBM KLCI: 1,746.16 pts (-18.35pts, -1.04%)

Selling pressure from foreign participants sent the FBM KLCI (-1.0%) alongside with its regional peers lower on Monday. Market breadth stayed negative with 583 decliners surpassing 304 advancers, while 336 stocks closed unchanged. Export-related semiconductor counters like Pentamaster (+8.0 sen), MPI (+4.0 sen) and Inari (+2.0 sen), however, outperformed the negative broader market after the Ringgit depreciated, hitting the RM4.00/US$1.00 level.

Top 3 Active stocks:
KRETAM (1996): RM0.46 (-23.5 sen)
IRIS (0010): RM0.155 (+2.0 sen)

SAPNRG (5218): RM0.63 (-2.0 sen)

Volume: 1.91 bln (100-day avg vol: 2.72 bln)
Value: RM2.04 bln
Market Breadth: ⬆:304 ⬇:583
Crude palm oil: RM2,309 (-RM27)

Dow Futures: 24,984 pts (-125 pts)

Source: Bloomberg, M+ Online


Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.

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Daily Market Update - 18 Jun 2018 (JHM, BJCORP)

Author: mplus313   |  Publish date: Mon, 18 Jun 2018, 08:39 AM


Dow Jones: 25,090.48 pts (-84.83pts, -0.34%)
U.S. stockmarkets retreated after recouping some of their intraday losses as the Dow fell 0.3% last Friday, dragged down by escalating concern over U.S. and China trade dispute. The immediate support is located at 25,000.

FBM KLCI: 1,761.78 pts (-1.79pts, -0.10%)
The FBM KLCI (-0.1%) registered its fifth straight session of losses ahead of the extended Hari Raya festive break. The immediate resistance is located at 1,800.

Crude Palm Oil: RM2,336 (+RM16, +0.69%)
Crude palm oil prices rebounded from an eight consecutive session of selloff after the European Parliament seeks to soften crude palm oil clampdown. The immediate support is envisaged around RM2,300.

WTI Crude Oil: $65.06 (-$1.83, -2.71%)
Crude oil prices took a beating last Friday in anticipation of higher supply ahead of OPEC meeting. The immediate support is located at US$62.

Gold: $1,278.94 (-$23.31, -1.79%)
Gold prices sank to its lowest level since December 2017 amid the strength in U.S Dollar against a basket of currencies after the U.S. Federal Reserve hinted on a hawkish tone on future rate hikes. The immediate support will be pegged around US$1,260.

Bursa Malaysia Trade Statistics - 15 Jun 18
Institutions:  Net BUY 386.8 mln (25.0%)
Retail:  Net BUY 15.4 mln (9.4%)
Foreign:  Net SELL 402.2 mln (65.6%)

Potential Momentum Stocks - 18 Jun 18 
Stock Name: JHM (0127)
Entry: Buy above RM1.11
Target: RM1.22 (9.9%), RM1.34 (20.7%)
Stop: RM1.00 (-9.9%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: BJCORP (3395)
Entry: Buy above RM0.32
Target: RM0.35 (9.4%), RM0.39 (21.9%)
Stop: RM0.31 (-3.1%)
Shariah: No
Technical: Flag-formation breakout

Source: Bloomberg, M+ Online

 

Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.

Labels: JHM, BJCORP
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ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 SAPNRG 0.625+0.025 
 MI 1.54+0.12 
 HSI-C3F 0.48+0.045 
 HSI-C3K 0.38+0.04 
 GSB 0.23+0.045 
 HSI-H4I 0.535-0.05 
 MYEG 1.00+0.02 
 HSI-C3H 0.47+0.045 
 YTL 1.17+0.07 
 IRIS 0.16+0.01 
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