Stocks to Watch today
Today's Market Update: 5th May 2022
filatovarthur
Publish date: Thu, 05 May 2022, 09:43 AM
filatovarthur
0 23
Get daily stock counters for making your trading easy and comfortable with proper risk management and strategies.
The local market recovered overnight to a strong performance on Wall Street as the Federal Reserve raised rates by 50 basis points, reassuring investors that future rate increases are unlikely to rise.
The major US indices in the decision rose between 2.8% and 3.2% as investors prepared for a potential rate hike of 75 basis points or more as the Fed sought to curb rising inflation.
"While the US Federal President has dispelled fears of a more aggressive increase in prospects, we see that the great rise of Wall Street could flood shares on the local front overnight.
"Despite concerns that the Covid-19 closure in China will slow economic growth, we believe that high commodity prices may provide support for the individual sector in the foreseeable future. Report," Malacca Securities said in a note.
At 9:05, FBM KLCI rose 10.07 points to 1,610.5, after its opening was reduced by 1,614.34 points. The biggest jump was recorded by Petronas Chemicals, which rose 38 cents to 10.60 RM as shares won rising oil prices during Aidilfitri.
Brent oil was firmly above $ 110 a barrel due to EU reports of a possible ban on oil imports from Russia, while palm oil rose to RM7,600 per tonne.
Plantation numbers generally increased, led by Sime Darby Plantation, which gained six cents to RM5.30, IOI, which increased five cents to RM4.72, and KL Kepong, which fell four cents to RM29.42.
Financial counters rose to raise interest rates, with Maybank rising two cents to 9.09 RM, the Public Bank up three cents to 4.72 RM, the CIMB up 8 cents to 5.28 RM and Hong Leong Bank adding eight cents to 21, 06 RM.
On the list of active PUCs fell 0.5 sen to seven sen, Bina Puri flat to five sen and Dunacia fell 0.5 sen to 13.5 sen.
More articles on Stocks to Watch today
2022 Stock Pick with above market return and potential UPSIDE
Created by filatovarthur | Dec 15, 2021
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
New Update. Discover investment communities that resonate with your ideas
Apps
Top Articles
3
save malaysia!
Putrajaya reviewing need to slash RON95 subsidy, says Rafizi
4
5
6
save malaysia!
7
save malaysia!
8
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
