KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Mon, 10 Aug 2020, 9:03 AM


Daily Market Update - 4 Oct 2018 (SIGGAS, GTRONIC)

Author:   |    Publish date:

Dow Jones: 26,828.39 pts (+54.45pts, +0.20%)
U.S. equities closed on an upward trajectory as the Dow extended its gains, albeit capped by concerns of rising interest rates. The immediate resistance is located at 27,000.

FBM KLCI: 1,796.30 pts (-1.85pts, -0.10%)
The FBM KLCI (-0.1%) edged lower in tandem with the mostly negative performance across its regional peers yesterday. The immediate resistance is located at 1,800.

Crude Palm Oil: RM2,199 (+RM39, +1.81%)
Crude palm oil prices staged its biggest daily gain in 4 weeks, takling cue from the higher soybean oil prices. The immediate resistance is located around RM2,200.

WTI Crude Oil: $76.41 (+$1.18, +1.56%)
Crude oil prices closed higher on expectations of lower crude oil supply ahead of the U.S. sanctions on Iran. The immediate resistance is located at US$80.

Gold: $1,197.35 (-$5.97, -0.50%)
Gold prices pullback after Italy announced a lower budget deficit target, which prompted an outflow from safe-haven assets. The immediate support will be pegged around US$1,150.

Bursa Malaysia Trade Statistics - 3 Oct 18
Institutions:  Net SELL 104.6 mln (50.8%)
Retail:  Net BUY 20.8 mln (26.4%)
Foreign:  Net BUY 83.8 mln (22.8%)

Potential Momentum Stocks - 4 Oct 18 
Stock Name: SIGGAS (5181)
Entry: Buy above RM0.925
Target: RM1.00 (8.1%), RM1.07 (15.7%)
Stop: RM0.88 (-4.9%)
Shariah: Yes
Technical: Flag-formation breakout

Stock Name: GTRONIC (7022)
Entry: Buy above RM2.6
Target: RM2.76 (6.2%), RM2.90 (11.5%)
Stop: RM2.46 (-5.4%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M+ Online



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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Related Stocks

Chart Stock Name Last Change Volume 
SIGGAS 0.45 +0.005 (1.12%) 426,000 
GTRONIC 2.78 -0.10 (3.47%) 5,865,700 

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