KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Fri, 23 Aug 2019, 5:21 PM


Daily Market Update - 17 Oct 2018 (SIGGAS, D&O)

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Dow Jones: 25,798.42 pts (+547.87pts, +2.17%)
U.S. stockmarkets recorded their biggest daily gain since March 2018 as the Dow rose 2.2% with all 30 components in the green, boosted by a series of stronger-than-expected quarterly earnings. The immediate resistance is located at 26,000.

FBM KLCI: 1,736.84 pts (+8.10pts, +0.47%)
The FBM KLCI (+0.5%) recovered all its previous session losses on bargain hunting activities in selected banking and oil & gas heavyweights yesterday. The immediate resistance is located at 1,770.

Crude Palm Oil: RM2,244 (+RM2, +0.09%)
Crude palm oil advanced, but gains were capped by the weak import demand from India. The immediate support is located around RM2,200.

WTI Crude Oil: $71.92 (+$0.14, +0.20%)
Crude oil prices registered its third straight session of gains, lifted by the unexpected decline in U.S. inventory level. The immediate support is located at US$70.

Gold: $1,224.95 (-$2.11, -0.17%)
Gold prices retreated as demand for safe haven assets fades. The immediate resistance is located around $1,250.

Economic Releases:
UK - United Kingdom's Inflation Rate, 4.30PM
EU - Eurozone's Inflation Rate, 5.00PM

Bursa Malaysia Trade Statistics - 16 Oct 18
Institutions:  Net BUY 8.3 mln (52.1%)
Retail:  Net BUY 9.0 mln (21.0%)
Foreign:  Net SELL 17.3 mln (26.9%)

Potential Momentum Stocks - 17 Oct 18 
Stock Name: SIGGAS (5181)
Entry: Buy above RM0.90
Target: RM0.97 (7.8%), RM1.00 (11.1%)
Stop: RM0.835 (-7.2%)
Shariah: Yes
Technical: Monitor for trendline breakout

Stock Name: D&O (7204)
Entry: Buy above RM0.885
Target: RM0.96 (8.5%), RM1.00 (13.0%)
Stop: RM0.845 (-4.5%)
Shariah: Yes
Technical: Bullish engulfing candle

Source: Bloomberg, M+ Online



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Labels: SIGGAS, D&O

Related Stocks

Chart Stock Name Last Change Volume 
SIGGAS 0.945 +0.005 (0.53%) 209,800 
D&O 0.52 -0.005 (0.95%) 1,932,300 

  Be the first to like this.
Up_down Bursa Geng! KLCI stay at 1700 level even though Foreign Funds (FF) are running out of Bolehland like no tomorrow. We are on track to achieve lowest FF shareholding in year 2009. RM 4.9 billion of shares to go to hit the target.

FF sold Bursa shares worth RM 28.8 billion since 1 Jan 2014. Don't worry about KLCI. Good news is ....It won't drop much even if DJ stages another correction of 50% cause our economy is moving ahead of US.
18/10/2018 5:34 PM


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