Forum : Stock: [GAMUDA]: GAMUDA BHD

Stupid Gamuda Management...all you need to do is surrender to PH, kick out BN linked directors and sell your soul to Tun M...but you didnt do that...thats why today you take a skydiving class

stockholm999

685 posts

Posted by stockholm999 > 2018-10-10 15:11 | Report Abuse

-26cen liaaoooo

Skng Keong

1,256 posts

Posted by Skng Keong > 2018-10-10 15:12 | Report Abuse

2day look closing below 2.

kambingdynasty

25 posts

Posted by kambingdynasty > 2018-10-10 15:13 | Report Abuse

haih

1519378884747574

1,826 posts

Posted by 1519378884747574 > 2018-10-10 15:13 | Report Abuse

KLCI slumps 1.1% as investors fret ahead of 11MP review, Budget 2019

By Surin Murugiah | 2018-10-10 13:10:48
KUALA LUMPUR (Oct 10): The FBM KLCI slumped 1.1% at the midday break today as investors turned jittery ahead of the 11th Malaysia Plan mid-term review and the tabling of Budget 2019.

With the Pakatan Harapan leadership signalling that the government may have to introduce new taxes for it to pare down debts, the investment community has somewhat remained wary of risky assets.

Adding to domestic concerns were external worries as well.

At 12.30pm, the FBM KLCI lost 19.22 points to 1,754.93. The index had earlier in the morning risen to a high of 1,781.79.

Market breadth was negative with 752 losers and 138 gainers, while 983 counters traded unchanged. Volume was 1.38 billion shares valued at RM1.04 billion.

The top losers included Allianz Malaysia Bhd, Nestle (M) Bhd, British American Tobacco (M) Bhd, Petronas Gas Bhd, Tenaga Nasional Bhd, Axiata Group Bhd, KESM Industries Bhd, UMW Holdings Bhd and Genting Bhd.

The actives included Gamuda Bhd, Sapura Energy Bhd, Hibiscus Petroleum Bhd, AirAsia X Bhd, Nova MSC Bhd, Ho Wah Genting Bhd, Malaysian Resources Corp Bhd and Orion IXL Bhd.

The gainers included Panasonic Manufacturing Malaysia Bhd, United Plantations Bhd, Perusahaan Sadur Timah Malaysia (Perstima) Bhd, SAM Engineering & Equipment (M) Bhd, Melati Ehsan Holdings Bhd, Kimlun Corp Bhd, Atta Global Group Bhd and Kawan Food Bhd.

Asian shares barely moved on Wednesday after world stocks hit eight-week lows the previous day on worries about global economic growth, although the British pound stayed firm on hopes for a Brexit deal, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan was flat, while Japan's Nikkei average fell 0.4% and the Australian benchmark was up just 0.1%, it said.

Affin Hwang Capital Research said the FBM KLCI Index edged lower on lacklustre trading (-0.1 points) yesterday.

The research said that technically, bearish reversal patterns gradually unfold: head and shoulder pattern on the daily chart; both MACD's main and signal line already crossed below '0' line, indicating overwhelming bearish sentiment in progress; and short-term trend is downward, and both the index's Rsi and Stochastic suggest that this trend is firming up, backed rising downward momentum.

"The FBM KLCI Index may experience normal consolidation with downward bias in the near term," it said.