M+ Online Morning Market Buzz - 29 Oct 21

Dow Jones: 35,730.48 pts (+239.79pts, +0.68%)
⬆ Resistance:  36700
⬇ Support:  34800

FBM KLCI: 1,566.86 pts (-16.22pts, -1.02%)
⬆ Resistance:  1630
⬇ Support:  1540

HSI Index: 25,555.73 pts (-73.01pts, -0.28%)
⬆ Resistance:  26800
⬇ Support:  25000

Crude Palm Oil: RM4,929 (-RM37, -0.75%)
⬆ Resistance:  5170
⬇ Support:  4720

Brent Oil: $84.32 (-$0.26, -0.31%)
⬆ Resistance:  88.50
⬇ Support:  80.70

Gold: $1,798.91 (+$2.10, +0.12%)
⬆ Resistance:  1860
⬇ Support:  1750

M+ Online Technical Trading Stocks - 29 Oct 21

Stock Name: FRONTKN (0128)
Entry: Buy above RM3.82
Target: RM4.00 (4.7%), RM4.20 (9.9%)
Stop: RM3.66 (-4.2%)
Shariah: Yes
Technical: Monitor for breakout

Stock Name: COMPLET (5136)
Entry: Buy above RM2.25
Target: RM2.42 (7.6%), RM2.50 (11.1%)
Stop: RM2.12 (-5.8%)
Shariah: No
Technical: Impending flag-formation breakout

M+ Online Market Wrap - 29 Oct 21

FBM KLCI: 1,562.31 pts (-4.55pts, -0.29%)
The FBM KLCI (-0.3%) finished the week on a negative note as investors traded cautiously prior to the Budget 2022; most of the banking stocks such as MAYBANK, PBBANK and RHBBANK were traded lower. Market breadth, however, was fairly neutral with the gainers to losers ratio stood at nearly 1-to-1. Meanwhile,  the healthcare sector (+1.1%) emerged as the biggest advancer on the mixed broader market, led by TOPGLOV (+13.0 sen), HARTA (+22.0 sen), and IHH (+2.0 sen). 

Top 3 Active stocks:
MMAG (0034): RM0.105 (+1.0 sen)
BENALEC (5190): RM0.15 (-0.5 sen)
SCIB (9237): RM0.23 (unch)

Volume: 3.03 bn (100-day avg vol: 4.69 bn)
Value: 2.35 bn (100-day avg val: 2.95 bn)
Market Breadth: ⬆495 ⬇485
Crude palm oil: RM5,032 (+RM103)
Dow Futures: 35,546 pts (-67 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.