Highlights

KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Tue, 22 Oct 2019, 5:22 PM

 

Evening Market Summary - 22 Oct 2019

Author: mplus313   |  Publish date: Tue, 22 Oct 2019, 5:22 PM


FBM KLCI: 1,574.09 pts (+3.16pts, +0.20%)

The FBM KLCI eked out gains, supported by gains in notable O&G heavyweights, in-tandem with slightly stronger energy prices. Market breadth remained negative as losers maintained the upper hand with 452 stocks. On the broader market, notable winners on Tuesday included Dialog (+7.0 sen), Wah Seong (+5.0 sen) and Yinson (+5.0 sen).

Top 3 Active stocks:
ARMADA (5210): RM0.40 (-8.0 sen)
NETX (0020): RM0.02 (unch)

SAPNRG (5218): RM0.26 (-0.5 sen)

Volume: 3.29 bln (100-day avg vol: 2.31 bln)
Value: RM2.10 bln
Market Breadth: ⬆:411 ⬇:452
Crude palm oil: RM2,305 (+RM20)

Dow Futures: 26,769 pts (-28 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 - 22 Oct 2019 (GHLSYS, SCICOM)

Author: mplus313   |  Publish date: Tue, 22 Oct 2019, 8:35 AM


Dow Jones: 26,827.64 pts (+57.44pts, +0.21%)
U.S. stockmarkets started off the week on a buoyant mode as the Dow rose 0.2% amid optimism over U.S.-China trade negotiation progress. The immediate resistance is located at 27,300.

FBM KLCI: 1,570.93 pts (-0.22pts, -0.01%)
The FBM KLCI (-0.01%) inched lower to record its' third day losing streak, dragged down by the weakness in selected banking heavyweights yesterday. The immediate resistance is located at 1,580.

Crude Palm Oil: RM2,285 (-RM2, -0.09%)
Crude palm oil prices retreated for the first time in five days after hitting the RM2,300 resistance level as India trade body urged their members to boycott Malaysia palm oil. The immediate resistance is located around RM2,300.

WTI Crude Oil: $53.31 (-$0.47, -0.88%)
Crude oil prices extended their losses amid concern over the slowdown in global economic growth. The immediate resistance is located at US$58.

Gold: $1,484.50 (-$5.55, -0.37%)
Gold prices extended its's losses as investors opted for riskier assets amid the positive developments over Sino-U.S. trade progress. The immediate support is located around $1,450.

Economic Releases:
US - United States' Existing Home Sales, 10.00PM
MY - Malaysia's Inflation Rate, 12.00PM

M+ Online Technical Trading Stocks - 22 Oct 19

Stock Name: GHLSYS (0021)
Entry: Buy above RM1.40
Target: RM1.47 (5.0%), RM1.52 (8.6%)
Stop: RM1.36 (-2.9%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Stock Name: SCICOM (0099)
Entry: Buy above RM0.95
Target: RM1.00 (5.3%), RM1.03 (8.4%)
Stop: RM0.905 (-4.7%)
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: GHLSYS, SCICOM
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Evening Market Summary - 21 Oct 2019

Author: mplus313   |  Publish date: Mon, 21 Oct 2019, 5:14 PM


FBM KLCI: 1,570.93 pts (-0.22pts, -0.01%)

The FBM KLCI clawed back most of its earlier losses, albeit still closing marginally in the red, weighed down by selected banking heavyweights. Market breadth was negative with 438 decliners to 380 advancers, while 391 stocks flatlined. Notable losers, meanwhile include Scientex (-34.0 sen), Guan Chong Bhd (-7.0 sen) and Dufu (-5.0 sen), on the back of profit-taking activities.

Top 3 Active stocks:
NETX (0020): RM0.02 (-0.5 sen)
ARMADA (5210): RM0.48 (+3.5 sen)

MTAG (0213): RM0.54 (+3.0 sen)

Volume: 2.58 bln (100-day avg vol: 2.29 bln)
Value: RM1.48 bln
Market Breadth: ⬆:380 ⬇:438
Crude palm oil: RM2,304 (+RM17)

Dow Futures: 26,785 pts (+31 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 - 21 Oct 2019 (CYPARK, KGB)

Author: mplus313   |  Publish date: Mon, 21 Oct 2019, 8:55 AM


Dow Jones: 26,770.20 pts (-255.68pts, -0.95%)
U.S. stockmarkets trended lower as the Dow slipped 1.0%, dragged down by Boeing (-6.8%) on the investigation pertaining to the 737 Max safety issues. The immediate resistance is located at 27,300.

FBM KLCI: 1,571.15 pts (-3.35pts, -0.21%)
The FBM KLCI (-0.2%) extended its losses after erasing all its' intraday gains, spooked by the downbeat China's 3Q2019 GDP data. The immediate resistance is located at 1,580.

Crude Palm Oil: RM2,287 (+RM28, +1.24%)
Crude palm oil prices powered higher for the fourth straight session, boosted by expectations over rising biofuel demand, coupled with the strong buying momentum from India ahead of the festive season. The immediate resistance is located around RM2,300.

WTI Crude Oil: $53.78 (-$0.15, -0.28%)
Crude oil prices retreated, dragged down by the slowdown in Chinese economic data that could potentially dent demand. The immediate resistance is located at US$58.

Gold: $1,490.05 (-$1.82, -0.12%)
Gold prices finished mildly lower to remain in the consolidation band amid the stronger US Dollar against a basket of currencies. The immediate support is located around $1,450.

M+ Online Technical Trading Stocks - 21 Oct 19

Stock Name: CYPARK (5184)
Entry: Buy above RM1.41
Target: RM1.50 (6.4%), RM1.57 (11.3%)
Stop: RM1.36 (-3.5%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Stock Name: KGB (0151)
Entry: Buy above RM1.34
Target: RM1.41 (5.2%), RM1.45 (8.2%)
Stop: RM1.29 (-3.7%)
Shariah: Yes
Technical: Consolidation 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: CYPARK, KGB
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moneykj This week go for Kanger. Just breakout from consolidation. This week TP 0.10.
21/10/2019 10:13 AM

Evening Market Summary - 18 Oct 2019

Author: mplus313   |  Publish date: Fri, 18 Oct 2019, 5:19 PM


FBM KLCI: 1,571.15 pts (-3.35pts, -0.21%)

Despite ending four weeks of consecutive losses, the FBM KLCI closed in the red on Friday, weighed down by weak Chinese GDP growth. Market breadth was negative as losers trounced the winners on a ratio of 432-to-401 stocks. Notable decliners, meanwhile, include O&G-related stocks like Dayang (+5.0 sen), Serba Dinamik (-3.0 sen) and Yinson (-2.0 sen).

Top 3 Active stocks:
KNM (7164): RM0.455 (+1.0 sen)
PUC (0007): RM0.055 (unch)

MTAG (0213): RM0.51 (+2.5 sen)

Volume: 2.96 bln (100-day avg vol: 2.29 bln)
Value: RM2.23 bln
Market Breadth: ⬆:401 ⬇:432
Crude palm oil: RM2,260 (+RM1)

Dow Futures: 26,972 pts (-21 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: KNM, PUC, MTAG
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Daily Market Update - 18 Oct 2019 (SCOMNET, HANDAL)

Author: mplus313   |  Publish date: Fri, 18 Oct 2019, 8:43 AM


Dow Jones: 27,025.88 pts (+23.90pts, +0.09%)
U.S. stockmarkets registered mild gains as the Dow (+0.1%) advanced to maintain above the 27,000 psychological level after U.K. and the European Union has finally strike a Brexit deal. The immediate resistance is located at 27,300.

FBM KLCI: 1,574.50 pts (-0.40pts, -0.03%)
The FBM KLCI (-0.03%) retreated in line with the mostly negative performance across its regional peers on profit taking activities in selected index heavyweights. The immediate resistance is located at 1,580.

Crude Palm Oil: RM2,259 (+RM7, +0.31%)
Crude palm oil prices trended higher for the third straight session, taking cue from the rally in soybean oil prices overnight. The immediate resistance is located around RM2,300.

WTI Crude Oil: $53.93 (+$0.57, +1.07%)
Crude oil prices extended its gains after the Energy Information Administration reported a larger-than-expected decline in American gasoline and distillate supplies. The immediate resistance is located at US$58.

Gold: $1,491.87 (+$1.74, +0.12%)
Gold prices advanced for the second day after the Greenback retreated against a basket of currencies. The immediate support is located around $1,450.

Economic Releases:
JP - Japan's Inflation Rate, 7.30AM
CN - China's 3Q2019 GDP Growth Rate, 10.00AM
CN - China's Industrial Production, 10.00AM
CN - China's Retail Sales, 10.00AM
UK - United Kingdom's Retail Sales, 4.30PM

M+ Online Technical Trading Stocks - 18 Oct 19

Stock Name: SCOMNET (0001)
Entry: Buy above RM0.87
Target: RM0.945 (8.6%), RM0.975 (12.1%)
Stop: RM0.82 (-5.7%)
Shariah: Yes
Technical: Symmetrical triangle formation breakout

Stock Name: HANDAL (7253)
Entry: Buy above RM0.38
Target: RM0.41 (7.9%), RM0.435 (14.5%)
Stop: RM0.35 (-7.9%)
Shariah: Yes
Technical: Consolidation 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: SCOMNET, HANDAL
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ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 ARMADA 0.40-0.08 
 NETX 0.020.00 
 SAPNRG 0.26-0.005 
 IFCAMSC 0.435+0.05 
 MTAG 0.51-0.03 
 HSI-C7F 0.335+0.01 
 KNM 0.44-0.02 
 GPACKET-WB 0.320.00 
 JCY 0.205+0.015 
 ISTONE 0.235-0.02 

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