Highlights

KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Thu, 23 Jan 2020, 8:56 AM

 

Daily Market Update - 23 Jan 2020 (REVENUE, INARI)

Author: mplus313   |  Publish date: Thu, 23 Jan 2020, 8:56 AM


Dow Jones: 29,186.27 pts (-9.77pts, -0.03%)
U.S. stockmarkets finished on a mixed note as the Dow fell 0.03% on a series of mixed bag of corporate earnings, but the S&P 500 gained 0.1%, anchored by the technology sector. The immediate resistance is located at 29,500.

FBM KLCI: 1,577.98 pts (-9.35pts, -0.59%)
The FBM KLCI (-0.6%) bucked the positive performance across its' regional peers, weighed down by weakness in selected banking heavyweights yesterday. The immediate support is located at 1,570.

Crude Palm Oil: RM2,973 (+RM86, +2.98%)
Crude palm oil prices rebounded sharply on reports that China will continue to purchase the palm oil from Malaysia, refuting potential decline in demand from the U.S.-China trade deal. The immediate support is located around RM2,850.

WTI Crude Oil: $56.74 (-$1.60, -2.71%)
Crude oil prices extended its' losses on the rising U.S. stockpile data that triggered fresh concern over the oversupply condition. The immediate support is located at US$55.

Gold: $1,558.78 (+$0.61, +0.04%)
Gold prices staged a mild recovery as demand for safe haven assets saw mild improve in demand following the coronavirus outbreak. The immediate resistance is located around $1,600.

Economic Releases:
EU - Eurozone's European Central Bank Interest Rate Decision, 8.45PM

M+ Online Technical Trading Stocks - 23 Jan 20

Stock Name: REVENUE (0200)
Entry: Buy above RM1.40
Target: RM1.53 (9.3%), RM1.60 (14.3%)
Stop: RM1.31 (-6.4%)
Shariah: Yes
Technical: Consolidation breakout

Stock Name: INARI (0166)
Entry: Buy above RM1.77
Target: RM1.87 (5.6%), RM1.95 (10.2%)
Stop: RM1.70 (-4.0%)
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 - 22 Jan 2020

Author: mplus313   |  Publish date: Wed, 22 Jan 2020, 5:14 PM


FBM KLCI: 1,577.98 pts (-9.35pts, -0.59%)

Banking shares weighed on the FBM KLCI after BNM cut borrowing rates; keeping the FBM KLCI in the red in the second half of the session. Market breadth was still bearish with 509 losers against 397 winners, while 362 stocks flatlined. Underperforming banking stocks, meanwhile, include Hong Leong Bank (-60.0 sen), Public Bank (-46.0 sen) and CIMB (-10.0 sen).

Top 3 Active stocks:
PWRWELL (0217): RM0.285 (+3.5 sen)
VC (0060): RM0.085 (-0.5 sen)
SUPERMX (7106): RM1.54 (+9.0 sen)

Volume: 3.07 bln (100-day avg vol: 2.45 bln)
Value: RM2.57 bln
Market Breadth: ⬆:397 ⬇:509
Crude palm oil: RM2,957 (+RM70)
Dow Futures: 29,256 pts (+77 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 Jan 2020 (JFTECH, YSPSAH)

Author: mplus313   |  Publish date: Wed, 22 Jan 2020, 8:36 AM


Dow Jones: 29,196.04 pts (-152.06pts, -0.52%)
U.S. stockmarkets resume trading in a downbeat manner as the Dow fell 0.5% on reports over the first coronavirus outbreak in the country. The immediate resistance is located at 29,500.

FBM KLCI: 1,587.33 pts (-1.55pts, -0.10%)
The FBM KLCI (-0.1%) extended its' losses in tandem with the weakness across Asia equities following the rising cases of coronavirus outbreak across the region. The immediate resistance is located at 1,600.

Crude Palm Oil: RM2,902 (-RM15, -0.52%)
Crude palm oil prices staged a mild pullback after recovering most of its' intraday losses, taking cue from the weakness in soybean oil prices, coupled with expectations over sluggish exports data. The immediate support is located around RM2,850.

WTI Crude Oil: $58.54 (-$0.20, -0.34%)
Crude oil prices trended lower as U.S. urged Libya to quickly restore their production. The immediate support is located at US$55.

Gold: $1,560.77 (-$1.88, -0.12%)
Gold prices retreated as the Greenback advanced against a basket of currencies. The immediate resistance is located around $1,600.

Economic Releases:
MY - Malaysia's Inflation Rate, 12.00PM
MY - Malaysia's Bank Negara's Interest Rate Decision, 3.00PM
US - United States' Existing Home Sales, 11.00PM

M+ Online Technical Trading Stocks - 22 Jan 20

Stock Name: JFTECH (0146)
Entry: Buy above RM1.48
Target: RM1.61 (8.8%), RM1.70 (14.9%)
Stop: RM1.38 (-6.8%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Stock Name: YSPSAH (7178)
Entry: Buy above RM2.37
Target: RM2.47 (4.2%), RM2.53 (6.8%)
Stop: RM2.27 (-4.2%)
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 - 21 Jan 2020

Author: mplus313   |  Publish date: Tue, 21 Jan 2020, 5:10 PM


FBM KLCI: 1,587.33 pts (-1.55pts, -0.10%)

The FBM hugged the breakeven line before closing in the red, weighed down by profit-taking activities in selected telco heavyweights, albeit losses were capped by gains in giant glove makers. Market breadth was negative as losers outweigh the winners, while notable gainers include Top Glove (+29.0 sen), Hartalega (+25.0 sen) and Kossan Rubber (+24.0 sen) on expectations of increased demand amid the virus outbreak in China. 

Top 3 Active stocks:
VC (0060): RM0.09 (-1.0 sen)
YONGTAI (7066): RM0.155 (+2.0 sen)

SUPERMX (7106): RM1.45 (+14.0 sen)

Volume: 2.66 bln (100-day avg vol: 2.44 bln)
Value: RM1.93 bln
Market Breadth: ⬆:383 ⬇:509
Crude palm oil: RM2,874 (-RM28)

Dow Futures: 29,177 pts (-102 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 Jan 2020 (SERBADK, IJM)

Author: mplus313   |  Publish date: Tue, 21 Jan 2020, 8:46 AM


Dow Jones: 29,348.10 pts (+50.46pts, +0.17%)
U.S. stockmarkets were closed for the Martin Luther King Jr. public holiday. Futures market pointed to a flattish close with the Dow chalking in mild gains. The immediate resistance is located at 29,500.

FBM KLCI: 1,588.88 pts (-6.93pts, -0.43%)
The FBM KLCI (-0.4%) halted a three-day winning streak as the key index lingered mostly in the negative territory yesterday. The immediate resistance is located at 1,600.

Crude Palm Oil: RM2,902 (+RM65, +2.29%)
Crude palm oil prices snapped a five-day winning streak on the back of the weaker Ringgit, coupled with the higher soybean oil prices. The immediate resistance is located around RM3,000.

WTI Crude Oil: $58.54 (+$0.02, +0.03%)
Crude oil prices were closed for trading in conjunction with the Martin Luther King Jr. public holiday in the U.S. The immediate support is located at US$55.

Gold: $1,560.77 (+$3.53, +0.23%)
Gold prices extended its gains after the International Monetary Fund revised its' global growth outlook slightly downward to +3.3% Y.o.Y for 2020 (initial project at +3.4% Y.o.Y). The immediate resistance is located around $1,600.

Economic Releases:
JP - Japan's Bank of Japan's Interest Rate Decision, 11.00AM
UK - United Kingdom's Unemployment Rate, 5.30PM

Stock Name: SERBADK (5279)
Entry: Buy above RM2.33
Target: RM2.44 (4.7%), RM2.52 (8.2%)
Stop: RM2.25 (-3.4%)
Shariah: Yes
Technical: Breakout-pullback-continuation

Stock Name: IJM (3336)
Entry: Buy above RM2.24
Target: RM2.37 (5.8%), RM2.50 (11.6%)
Stop: RM2.18 (-2.7%)
Shariah: Yes
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: SERBADK, IJM
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Evening Market Summary - 20 Jan 2020

Author: mplus313   |  Publish date: Mon, 20 Jan 2020, 5:15 PM


FBM KLCI: 1,588.88 pts (-6.93pts, -0.43%)

The FBM KLCI started the week on a wobbly note as the key index fell 0.4%, dragged down by weakness in selected Petronas heavyweights. Market breadth returned to negative as loser overpowered the winners on a ratio of 449-to-408 stocks. Nevertheless, technology stocks like KESM Industries (+50.0 sen), Pentamaster (+33.0 sen) and Vitrox (+25.0 sen) outperformed.

Top 3 Active stocks:
VC (0060): RM0.10 (-0.5 sen)
XDL (5156): RM0.16 (+2.0 sen)
ALAM (5115): RM0.17 (+0.5 sen)

Volume: 2.53 bln (100-day avg vol: 2.44 bln)
Value: RM1.79 bln
Market Breadth: ⬆:408 ⬇:449
Crude palm oil: RM2,899 (+RM62)
Dow Futures: 29,238 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.

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ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 PWRWELL 0.305+0.02 
 MTOUCHE-WC 0.01-0.015 
 HSI-H8K 0.195+0.06 
 MTOUCHE 0.1750.00 
 VC 0.08-0.005 
 HSI-C7K 0.29-0.105 
 ICON 0.70+0.285 
 SUPERMX 1.51-0.03 
 DGB 0.14+0.005 
 VC-PA 0.03-0.005 

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