Highlights

KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Tue, 21 Sep 2021, 8:41 AM

 

Daily Market Update - 21 Sept 2021 (RESINTC, SNC)

Author: mplus313   |  Publish date: Tue, 21 Sep 2021, 8:41 AM


M+ Online Morning Market Buzz - 21Sep21

Dow Jones: 33,970.47 pts (-614.41pts, -1.78%)
⬆ Resistance:  35700
⬇ Support:  33000

FBM KLCI: 1,527.89 pts (-20.62pts, -1.33%)
⬆ Resistance:  1610
⬇ Support:  1500

HSI Index: 24,099.14 pts (-821.62pts, -3.30%)
⬆ Resistance:  26500
⬇ Support:  23400

Crude Palm Oil: RM4,173 (-RM88, -2.07%)
⬆ Resistance:  4540
⬇ Support:  3960

Brent Oil: $73.92 (-$1.42, -1.88%)
⬆ Resistance:  77.70
⬇ Support:  71.70

Gold: $1,764.16 (+$9.82, +0.56%)
⬆ Resistance:  1850
⬇ Support:  1710

M+ Online Technical Trading Stocks - 21Sep21

Stock Name: RESINTC (7232)
Entry: Buy above RM0.65
Target: RM0.70 (7.7%), RM0.72 (10.8%)
Stop: RM0.61 (-6.2%)
Shariah: Yes
Technical: Bullish engulfing candle

Stock Name: SNC (7943)
Entry: Buy above RM1.170
Target: RM1.25 (6.8%), RM1.30 (11.1%)
Stop: RM1.10 (-6.0%)
Shariah: Yes
Technical: Resistance 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: RESINTC, SNC
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Evening Market Summary - 20 Sept 2021

Author: mplus313   |  Publish date: Mon, 20 Sep 2021, 5:47 PM


M+ Online Market Wrap - 20Sep21

FBM KLCI: 1,527.89 pts (-20.62pts, -1.33%)

Tracking the overnight losses on Wall Street, the FBM KLCI (-1.3%) extended its downward trend as the key index succumbed to selling pressure in selected heavyweights led by SIMEPLT (-35.0 sen) and TOPGLOV (-25.0 sen). Market breadth remained negative as the losers trounced the gainers by 951-to-194 stocks. All the 13 sub-indices finished in the red, with the energy sector (-3.0%) taking the biggest hit, mainly dragged by DIALOG (-17.0 sen), followed by ARMADA (-1.5 sen), and SAPNRG (-0.5 sen). 

Top 3 Active stocks:
PASUKGB (0177): RM0.09 (-2.5 sen)
KANGER (0170): RM0.05 (unch)

EMICO (9091): RM0.545 (-12.0 sen)

Volume: 4.69 bn (100-day avg vol: 5.39 bn)
Value: 2.86 bn (100-day avg val: 3.28 bn)
Market Breadth: ⬆194 ⬇951
Crude palm oil: RM4,205 (-RM56)

Dow Futures: 33,962 pts (-500 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.

Labels: PASUKGB, KANGER, EMICO
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ahbah A BIG BEAR is now in control of our mkt now ?
20/09/2021 6:05 PM

Daily Market Update - 20 Sept 2021

Author: mplus313   |  Publish date: Mon, 20 Sep 2021, 8:46 AM


M+ Online Morning Market Buzz - 20Sep21

Dow Jones: 34,584.88 pts (-166.44pts, -0.48%)
⬆ Resistance:  35700
⬇ Support:  33900

FBM KLCI: 1,548.51 pts (-6.75pts, -0.43%)
⬆ Resistance:  1610
⬇ Support:  1520

HSI Index: 24,920.76 pts (+252.91pts, +1.03%)
⬆ Resistance:  26500
⬇ Support:  24000

Crude Palm Oil: RM4,261 (-RM68, -1.57%)
⬆ Resistance:  4540
⬇ Support:  4110

Brent Oil: $75.34 (-$0.33, -0.44%)
⬆ Resistance:  77.70
⬇ Support:  71.30

Gold: $1,754.34 (+$0.57, +0.03%)
⬆ Resistance:  1850
⬇ Support:  1720

M+ Online Technical Focus - 20Sep21
V.S. Industry Bhd: Another record breaking year

Trading Catalyst
• One of the leading integrated Electronics Manufacturing Services (EMS) providers in the region, supported by multinational customers from Europe, Japan and US.
• Newly built 413,682-sqf production plant at i-Park Senai Airport City will cater for several new product models.
• Compelling prospects, riding onto the increasing adoption of emerging technologies in the Industrial Internet of Things (IIoT) and enhanced communication posed by 5G.
• Technically, price has experienced a short-term breakout above RM1.47, targeting the next resistances at RM1.55-1.60 with long term target at RM1.75.

Technical View

(i) VS (S: RM1.38, R: RM1.55-1.60, LT TP: RM1.75, CL: RM1.37)

S: Support, R: Resistance, LT TP: Long term target price, CL: Cut loss

 

Economic Releases For The Week (20/9/2021-24/9/2021):

22/9/2021
JP - Japan's Bank of Japan's Interest Rate Decision, 11.00AM
US - United States' Existing Home Sales, 10.00PM

23/9/2021
US - United States' Federal Reserve Interest Rate Decision, 2.00AM
UK - United Kingdom's Bank of England's Quantitative Easing, 7.00PM
UK - United Kingdom's Bank of England's Interest Rate Decision, 7.00PM

24/9/2021
JP - Japan's Inflation Rate, 7.30AM
MY - Malaysia's Inflation Rate, 12.00PM
US - United States' New Home Sales, 10.00PM

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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Evening Market Summary - 17 Sept 2021

Author: mplus313   |  Publish date: Fri, 17 Sep 2021, 5:46 PM


M+ Online Market Wrap - 17Sep21

FBM KLCI: 1,548.51 pts (-6.75pts, -0.43%)

Bucking the upward trading tone on the regional markets, the FBM KLCI (-0.4%) slipped for its sixth consecutive session as continued selling pressure in selected glove and plantation heavyweights; TOPGLOV (-14.0 sen) and IOICORP (-14.0 sen) weighed on the key index.  Market breadth remained negative as the losers led the gainers by 620-to-470 stocks. The technology sector (+1.7%) outperformed, powered by INARI (+10.0 sen), FRONTKN (+21.0 sen), and D&O (+22.0 sen), while the plantation sector (-1.4%) took the biggest hit. 

Top 3 Active stocks:
KNM (7164): RM0.265 (+0.5 sen)
FINTEC (0150): RM0.025 (unch)

DNEX (4456): RM0.80 (+4.0 sen)

Volume: 5.13 bn (100-day avg vol: 5.43 bn)
Value: 4.18 bn (100-day avg val: 3.28 bn)
Market Breadth: ⬆470 ⬇620
Crude palm oil: RM4,259 (-RM70)

Dow Futures: 34,607 pts (-19 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 - 17 Sept 2021

Author: mplus313   |  Publish date: Fri, 17 Sep 2021, 8:41 AM


M+ Online Morning Market Buzz - 17Sep21

Dow Jones: 34,751.32 pts (-63.07pts, -0.18%)
⬆ Resistance:  35900
⬇ Support:  33900

FBM KLCI: 1,555.26 pts (-0.25pts, -0.02%)
⬆ Resistance:  1620
⬇ Support:  1520

HSI Index: 24,667.85 pts (-365.36pts, -1.46%)
⬆ Resistance:  26800
⬇ Support:  24100

Crude Palm Oil: RM4,329 (+RM94, +2.22%)
⬆ Resistance:  4540
⬇ Support:  4170

Brent Oil: $75.67 (+$0.21, +0.28%)
⬆ Resistance:  77.70
⬇ Support:  69.60

Gold: $1,753.77 (-$40.29, -2.25%)
⬆ Resistance:  1850
⬇ Support:  1720

M+ Online Technical Focus - 17Sep21
Harbour-Link Group Bhd: Capitalising on the trade boom

Trading Catalyst
• An integrated logistics services provider, shipping and engages in construction works, heavy lifting and haulage as well as property development with established footprint extends across the Intra-Asia region.
• Capitalising on the increasing charter and freight rates that was stemmed by the global supply chain disruption following the shortage of vessels, coupled with the improving trade activities. 
• Current price is trading at a discount to its book value per share of RM1.12 which was recorded in 3QFY21.
• Technically, traders may anticipate for a short-term breakout above RM1.01, to target next resistances at RM1.06-1.13 with long term target set at RM1.20.

Technical View

(i) HARBOUR (S: RM0.975, R: RM1.06-1.13, LT TP: RM1.20, CL: RM0.97)

S: Support, R: Resistance, LT TP: Long term target price, CL: Cut loss

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: HARBOUR
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Evening Market Summary - 15 Sept 2021

Author: mplus313   |  Publish date: Wed, 15 Sep 2021, 5:59 PM


M+ Online Market Wrap - 15Sep21

FBM KLCI: 1,555.26 pts (-0.25pts, -0.02%)

The FBM KLCI (-0.02%) closed flat after hovering in the negative territory for most of the trading session, mirroring the weak regional performances from Hong Kong and the US stock markets. Market breadth remained negative as the losers outpaced the gainers by 519-to-492 stocks. However, the industrial products & services sector (+0.9%) outperformed the mixed broader market, anchored by gains in PMETAL (+16.0 sen), PCHEM (+9.0 sen), and KGB (+22.0 sen). 

Top 3 Active stocks:
MLAB (0085): RM0.045 (+0.5 sen)
TIGER (7079): RM0.045 (+0.5 sen)

MTRONIC (0043): RM0.03 (-0.5 sen)

Volume: 4.50 bn (100-day avg vol: 5.45 bn)
Value: 3.06 bn (100-day avg val: 3.29 bn)
Market Breadth: ⬆492 ⬇519
Crude palm oil: RM4,427 (+RM87)

Dow Futures: 34,525 pts (+61 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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ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 FINTEC 0.02-0.005 
 SERBADK 0.365+0.05 
 PASUKGB 0.075-0.015 
 YONGTAI 0.14-0.02 
 KNM 0.250.00 
 TFP 0.185-0.03 
 DNEX 0.765+0.005 
 EAH 0.020.00 
 TIGER-OR 0.0050.00 
 KANGER 0.050.00 
PARTNERS & BROKERS