Highlights

KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Mon, 27 May 2019, 8:22 AM

 

Daily Market Update - 27 May 2019 (INARI, CCK)

Author: mplus313   |  Publish date: Mon, 27 May 2019, 8:22 AM


Dow Jones: 25,585.69 pts (+95.22pts, +0.37%)
U.S. stockmarkets rebounded as the Dow gained 0.4% after U.S. President Donald Trump hinted that the ongoing trade war could come to an end. The immediate support is located at 25,000.

FBM KLCI: 1,598.32 pts (-3.55pts, -0.22%)
The FBM KLCI (-0.2%) trended lower for the third straight session, dragged down by the sluggish commodity prices. The immediate support is located at 1,580.

Crude Palm Oil: RM2,013 (-RM3, -0.15%)
Crude palm oil prices retreated for the third consecutive session after Indonesia production advanced. The immediate support is located around RM2,000.

WTI Crude Oil: $58.63 (+$0.72, +1.25%)
Crude oil prices staged a mild recovery as U.S. aims to increase sanctions against Russia. The immediate resistance is located at US$60.

Gold: $1,284.93 (+$1.48, +0.12%)
Gold prices extended its gains over the lingering concern of Sino-U.S. trade tension. The immediate resistance is located around $1,300.

Technical Trading Stocks - 27 May 19 
Stock Name: INARI (0166)
Entry: Buy above RM1.41
Target: RM1.58 (12.1%), RM1.68 (19.1%)
Stop: RM1.25 (-11.3%)
Shariah: Yes
Technical: Monitor for trendline breakout

Stock Name: CCK (7035)
Entry: Buy above RM0.60
Target: RM0.665 (10.8%), RM0.69 (15.0%)
Stop: RM0.56 (-6.7%)
Shariah: Yes
Technical: Monitor for 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.

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Evening Market Summary - 24 May 2019

Author: mplus313   |  Publish date: Fri, 24 May 2019, 5:49 PM


FBM KLCI: 1,598.32 pts (-3.55pts, -0.22%)

The FBM KLCI (-0.2%) fell for the third consecutive day, after falling in the eleventh hour, dragged down by losses in Sime Darby Plantation and Tenaga Nasional. Market breadth was negative as decliners beat the advancers on a ratio of 449-to-342 stocks. Lotte Chemical Titan (+13.0 sen), Inari (+7.0 sen) and MBM Resources (+6.0 sen), meanwhile, bucked the general downtrend and closed higher today.

Top 3 Active stocks:
VC (0060): RM0.25 (-2.0 sen)
IMPIANA (7243): RM0.035 (-0.5 sen)

LAMBO (0018): RM0.06 (+0.5 sen)

Volume: 1.89 bln (100-day avg vol: 2.72 bln)
Value: RM1.55 bln
Market Breadth: ⬆:342 ⬇:449
Crude palm oil: RM2,010 (-RM6)

Dow Futures: 25,611 pts (+148 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 - 24 May 2019 (TALIWRK, DNONCE)

Author: mplus313   |  Publish date: Fri, 24 May 2019, 8:26 AM


Dow Jones: 25,490.47 pts (-286.14pts, -1.11%)
U.S. stockmarkets extended their losses as the Dow slipped 1.1% overnight as China is reported to rethink its entire economic relationship with the U.S. The immediate support is located at 25,000.

FBM KLCI: 1,601.87 pts (-1.87pts, -0.12%)
The FBM KLCI (-0.1%) extended its losses after lingering mostly in the negative territory in view of the downbeat CPO and crude oil prices, whilst the Ringgit weakened against the Greenback to its lowest level since November 2018. The immediate support is located at 1,580.

Crude Palm Oil: RM2,016 (-RM41, -1.99%)
Crude palm oil prices extended its losses, taking cue from the slump in soybean oil prices. The immediate support is located around RM2,000.

WTI Crude Oil: $57.91 (-$3.51, -5.74%)
Crude oil prices endured its worst single session year-to-date on the ballooning U.S. stockpile, coupled with the weaker-than-expected economic growth from U.S., Eurozone and Japan. The immediate resistance is located at US$60.

Gold: $1,283.45 (+$10.11, +0.79%)
Gold prices recovered all its previous two session of decline on the escalating Sino-U.S. trade tension. The immediate resistance is located around $1,300.

Economic Releases:
JP - Japan's Inflation Rate, 7.30AM
MY - Malaysia's Inflation Rate, 12.00PM
UK - United Kingdom's Retail Sales, 4.30PM

Technical Trading Stocks - 24 May 19 
Stock Name: TALIWRK (8524)
Entry: Buy above RM0.95
Target: RM0.99 (4.2%), RM1.03 (8.4%)
Stop: RM0.91 (-4.2%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Stock Name: DNONCE (7114)
Entry: Buy above RM0.475
Target: RM0.52 (9.5%), RM0.555 (16.8%)
Stop: RM0.43 (-9.5%)
Shariah: No
Technical: Monitor for 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: TALIWRK, DNONCE
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Evening Market Summary - 23 May 2019

Author: mplus313   |  Publish date: Thu, 23 May 2019, 5:30 PM


FBM KLCI: 1,601.87 pts (-1.87pts, -0.12%)

The FBM KLCI posted back-to-back losses, on the back of a weaker Ringgit and energy prices amid concerns of burgeoning stockpiles. Market breadth was still bearish as losers overwhelmed the winners by more than three-fold, while notable decliners include stocks in the Technology sector like MI Technovation (-9.0 sen), Inari (-8.0 sen) and MY E.G. (-6.0 sen).

Top 3 Active stocks:
VC (0060): RM0.27 (-3.5 sen)
SAPNRG (5218): RM0.30 (-1.0 sen)

DAYANG (5141): RM0.89 (-24.0 sen)

Volume: 2.38 bln (100-day avg vol: 2.71 bln)
Value: RM2.11 bln
Market Breadth: ⬆:188 ⬇:718
Crude palm oil: RM2,025 (-RM32)

Dow Futures: 25,588 pts (-183 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: VC, SAPNRG, DAYANG
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Daily Market Update - 23 May 2019 (WEGMANS, GFM)

Author: mplus313   |  Publish date: Thu, 23 May 2019, 8:47 AM


Dow Jones: 25,776.61 pts (-100.72pts, -0.39%)
U.S. stockmarkets retreated as the Dow fell 0.4% after the U.S. Federal Reserve minutes continue to adopt the accommodative policy. The immediate resistance is located at 26,000.

FBM KLCI: 1,603.74 pts (-1.62pts, -0.10%)
The FBM KLCI (-0.1%) retreated as quick profit taking in selected index heavyweights nudged the key index into the negative territory in the second half of the trading session on Tuesday. The immediate support is located at 1,580.

Crude Palm Oil: RM2,057 (-RM41, -1.95%)
Crude palm oil prices took a dive after the European Union limit the usage of CPO in biofuel starting from 10th June 2019. The immediate support is located around RM2,000.

WTI Crude Oil: $61.42 (-$1.57, -2.49%)
Crude oil prices retreated on the higher-than-expected U.S. supply level. The immediate resistance is located at US$67.

Gold: $1,273.34 (-$1.34, -0.11%)
Gold prices extended its losses after the U.S. Federal Reserve maintained its accommodative monetary policy. The immediate resistance is located around $1,300.

Economic Releases:
US - United States' New Home Sales, 10.00PM

Technical Trading Stocks - 23 May 19 
Stock Name: WEGMANS (0197)
Entry: Buy above RM0.31
Target: RM0.33 (6.5%), RM0.345 (11.3%)
Stop: RM0.29 (-6.5%)
Shariah: Yes
Technical: Trendline breakout

Stock Name: GFM (0039)
Entry: Buy above RM0.455
Target: RM0.48 (5.5%), RM0.495 (8.8%)
Stop: RM0.435 (-4.4%)
Shariah: Yes
Technical: Monitor for 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: WEGMANS, GFM
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Evening Market Summary - 21 May 2019

Author: mplus313   |  Publish date: Tue, 21 May 2019, 5:29 PM


FBM KLCI: 1,603.74 pts (-1.62pts, -0.10%)

The local key-index retreated on Tuesday amid a holiday-thinned trading session, while the market breadth stayed negative with 604 decliners against 215 advancers. On the broader market, semicon-related companies like Pentamaster (-24.0 sen), MI Technovation (-11.0 sen) and Inari (-10.0 sen) took a beating following the weakness in global chipmakers.

Top 3 Active stocks:
BARAKAH (7251): RM0.07 (-1.5 sen)
LAMBO (0018): RM0.065 (-0.5 sen)

ARMADA (5210): RM0.19 (-0.5 sen)

Volume: 1.80 bln (100-day avg vol: 2.70 bln)
Value: RM1.46 bln
Market Breadth: ⬆:215 ⬇:604
Crude palm oil: RM2,076 (-RM22)

Dow Futures: 25,737 pts (+41 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: ARMADA, BARAKAH, LAMBO
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ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 ARMADA 0.20+0.015 
 VC 0.245-0.005 
 HSI-C5J 0.22-0.035 
 KNM 0.19-0.01 
 HSI-C5H 0.24-0.04 
 EKOVEST 0.735-0.035 
 LAMBO 0.060.00 
 PHB-OR 0.0050.00 
 EKOVEST-WB 0.24-0.04 
 HSI-H6S 0.505+0.01 
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