Posted by roger3210 > 2020-04-08 06:50 | Report Abuse

buy buy more buy

Posted by tkl88 > 2020-04-08 07:13 | Report Abuse

Wow, Oil price continue to spike up !
As at 7.13am,
Nymex => 24.63 ‪(+1.00) (+4.23%)‬

Posted by Legend > 2020-04-08 07:44 | Report Abuse

All that is helpful, but we are still looking for a bottom, and it is not at all clear we are there.

Posted by tkl88 > 2020-04-08 08:35 | Report Abuse

Wow, Oil price getting hot & hottest now !
As at 8.35am,
Nymex => $24.79 ‪(+1.16) (+4.91%)‬

Posted by azta12 > 2020-04-08 08:55 | Report Abuse

https://www.cnbc.com/2020/04/07/oil-markets-coronavirus-crude-output-in-focus.html

Posted by Jack Y > 2020-04-08 10:11 | Report Abuse

when ur ppl say climbing...then knm down le..

Posted by char1234 > 2020-04-08 11:13 | Report Abuse

market ..red

Posted by tkl88 > 2020-04-08 12:50 | Report Abuse

Tommorrow OPEC + meeting, reduction of oil output if Deal, then market will be super bull green green !
That time KNM at least will spike up at least
to 0.40 (+0.23) (+135.3%)

Huat ah ! Heng ah ! Ong ah !

Posted by tkl88 > 2020-04-08 13:31 | Report Abuse

Walaoeh, Oil price now spike up crazily !
As at 1.30pm,
Nymex => $25.19 ‪(+1.56) (+6.60%)‬
Brent => $32.88 ‪(+1.01) (+3.17%)‬

Posted by Effendy Tay > 2020-04-08 13:43 | Report Abuse

How to spike, with log down and oversupply, some countries bgt cheap crude can't store much

Posted by riko > 2020-04-08 13:58 | Report Abuse

Sardin every where now...

17.5 today

Posted by RedEagle > 2020-04-08 14:53 | Report Abuse

Russia has about US$550bil stashed away in some of the biggest rainy-day funds in the world, but President Vladimir Putin’s support measures only account for about 2% of gross domestic product (GDP), according to ING Bank.

MOSCOW: As leaders around the globe compete with ever-bigger spending packages, the Kremlin is hoarding hundreds of billions of dollars in reserves, worried that oil prices will stay low for a long time.

Russia has about US$550bil stashed away in some of the biggest rainy-day funds in the world, but President Vladimir Putin’s support measures only account for about 2% of gross domestic product (GDP), according to ING Bank.

During the 2008-2009 global financial crisis, the country spent a tenth of GDP to counter the collapse but was able to rebuild its reserves within just a few years as crude rebounded. This time around the Kremlin is hunkering down for a prolonged period of low export revenues.

“Oil prices have fallen below a level anyone thought imaginable, ” said Alexandra Suslina, a budget specialist at the Economic Expert Group, a Moscow think-tank that advises the government. “They need to spend the reserves carefully because that’s all there is.”

The approach has caused outrage among business owners and lobby groups, who warn that insufficient stimulus could lead to mass unemployment, bankruptcies and a deep economic slump.

The central bank estimated that a government ruling for most Russians to work from home for the whole of April could knock 1.5% to 2% off growth this year, while the budget is being re-written to prepare for oil prices at US$20 a barrel.

“So far there are promises but no help, I don’t know even one businessman who received help and almost everyone has suffered, ” said Aleksandr Khurudzhi, head of the Business Protection Association in Moscow.

The government’s stimulus package, which will be partly funded by taxes on the rich, so far amounts to a 300 billion ruble (US$3.9bil) fund to support struggling firms, and some tax and mortgage breaks.

Before the crisis, the government was planning to boost spending this year, and officials have stressed that they won’t cut that.

Prime Minister Mikhail Mishustin said last week that the government has reserved 1.4 trillion rubles if needed, although it wasn’t clear what the money would be spent on and how much would come from existing budgets.

“There’s a lot of discussion about using the budget to give people handouts, but that’s just not right, ” Moscow Mayor Sergei Sobyanin said on state TV last week.

“The budgets will burst, they’re already struggling to cope with the strain on healthcare.”

Alexei Kudrin, a former finance minister called last week for the strict rules that limit spending from the US$165bil wealth fund, the liquid chunk of Russia’s reserves, to be altered to free up money.

He said a mechanism needed to be created to distribute support directly to people. Sergei Guriev, the former chief economist at the European Bank for Reconstruction and Development, said Russia should be spending around 10% of GDP. — Bloomberg

Posted by CUTLOST > 2020-04-08 17:19 | Report Abuse

Up n down..

Posted by riko > 2020-04-08 17:50 | Report Abuse

like this ah ... Sardin still need continue hide leh...

Posted by super_newbie > 2020-04-08 17:52 | Report Abuse

miss Sardin81, where did he goes?

Posted by char1234 > 2020-04-08 18:44 | Report Abuse

no demand ....over supply ...

Posted by tkl88 > 2020-04-08 21:55 | Report Abuse

Oil prices gain as OPEC meeting looms
OPEC+ expected to lower collective oil output substantially to trim some oversupply in global market
Ovunc Kutlu   | 08.04.2020
https://www.aa.com.tr/en/economy/oil-prices-gain-as-opec-meeting-looms/1797054

ANKARA
Crude oil prices were up on Wednesday as the upcoming meeting between OPEC and its allies, known as OPEC+, give hope to investors of potential support to prices.
International benchmark Brent crude was trading at $32.32 per barrel at 0620 GMT for a 1.4% increase after it closed Tuesday at $31.87 a barrel.
American benchmark West Texas Intermediate (WTI) was at $24.72 a barrel at the same time for a 4.6% gain after ending the previous day at $23.63 per barrel.
The oil producing member countries of OPEC+ will hold a teleconference on Thursday to discuss the low price environment and the supply-demand balance in the global oil market.
Due to the rapid spread of coronavirus, or the COVID-19 disease, weak economic activity around the world has lowered global oil demand, increasing the glut of supply in the market.
Saudi Arabia-led OPEC and Russia-spearheaded non-OPEC failed on March 6 to lower their collective output, causing a massive plummet in prices, which fell on March 30 to their lowest level since 2002.
The OPEC+ group is estimated on Thursday to lower their collective oil production level by between 10-15 million barrels per day in order to trim some of the oversupply.

Posted by Godofgambler > 2020-04-09 02:59 | Report Abuse

Tomorrowwwwww 0.20 confirm
Djia super high...
Crude oil price uppppp...

Posted by tkl88 > 2020-04-09 03:26 | Report Abuse

OMG, Oil price was damn super hot man !
As at 3.25am,
Nymex => $25.75 ‪(+2.12) (+8.97%)‬
Brent => $33.33 ‪(+1.46) (+4.58%)‬

Posted by tkl88 > 2020-04-09 04:13 | Report Abuse

‪Wow, Fabulous!
As at 4.12am,‬
Dow Jones closed at=> 23,433.57 (+779.71) (+3.44%) !

Posted by tkl88 > 2020-04-09 04:35 | Report Abuse

Oh My goodness,
Oil price was unbelievable spike up to the sky high !
As at 4.35am,
Nymex => $26.‪09 (+2.46) (+10.41%)‬
Brent => $33.‪54 (+1.67) (+5.24%)‬

Posted by tkl88 > 2020-04-09 05:00 | Report Abuse

Oil Spikes After Algeria Says OPEC+ Cuts Could Reach 10 Million Bpd
By Julianne Geiger - Apr 08, 2020, 2:20 PM CDT

https://www.google.com/amp/s/oilprice.com/Energy/Oil-Prices/Oil-Spikes-After-Algeria-Says-OPEC-Cuts-Could-Reach-10-Million-Bpd.amp.html

The price of a West Texas Intermediate barrel of oil shot up on Wednesday afternoon by nearly 7% shortly after OPEC’s President gave the market fresh optimism about tomorrow’s virtual OPEC++ meeting.
“The meeting will undoubtably be fruitful in order to rebalance the market through measures we will take tomorrow,” Mohamed Arkab, OPEC’s President and Algeria’s Energy Minister told state news agency APS, according to Reuters.

While an intangible statement, the optimistic words spoken by the OPEC President seem to be just what the doctor ordered for the volatile markets as speculators try to make the most out of the oil-price plunge.
As a result of today’s spike, trading of the biggest oil ETF, the United States Oil Fund (USO), had been halted temporarily. Trading of the USO has since resumed. The USO is trading up 4.03% as of 3:03pm EDT.
All eyes remain on the potential deal that OPEC group may come up with tomorrow in what could be the largest oil production cut deal ever. Signatories to the deal could include, in addition to OPEC, Brazil, Norway, Canada, and all the OPEC+ countries that signed onto the previous deal. While some are hoping that the United States may join in the cuts, a formal agreement between the US and other oil producers appears unlikely.
Saudi Arabia and Russia, together responsible for producing more than 22 million barrels per day, are expected to make or break the chances of a production cut deal.

A 10 million bpd figure has been discussed by meeting attendees in the run-up to the meeting, although that figure would be insufficient to offset the loss in oil demand that the market has seen due to the coronavirus.

By Julianne Geiger for Oilprice.com

Posted by roger3210 > 2020-04-09 07:24 | Report Abuse

Today big show very big show

Posted by tkl88 > 2020-04-09 09:20 |

Post removed.Why?

Posted by kingb > 2020-04-09 09:24 | Report Abuse

Hello world

Posted by sharon8888 > 2020-04-09 09:24 | Report Abuse

@roger3210 ...strong statement there...insider news ?

Posted by bigfund > 2020-04-09 11:18 | Report Abuse

Bossing come2.

Posted by bigfund > 2020-04-09 11:19 | Report Abuse

Together we bankrup

Posted by foo > 2020-04-09 11:47 | Report Abuse

(April 09, 2020 )KUALA LUMPUR: Action seems to be picking up in the local market judging by the unusually high participation rate in the last few days. Total daily trading volume exceeded the five billion mark for five consecutive trading days

Since April 2, the FBM KLCI has gone up by 2.91% or 30.49 points to 1361.39. However, the FBM Small Cap Index has made a bigger leap. The index, which tracks all stocks except for the top-100 big-cap counters, soared 9.82% to 10,101.77.

Sector-wise, the Bursa Energy Index soared an outstanding 17.32% or 20.15 points to 719.71 in the last five trading days, wherein the Bursa Construction Index jumped 10.07 points or 9.72% to 152.44, portraying immense buying pressure across the two sectors.

However, it is worth noting that the trading participation rate measured in total traded value terms does not appear to synchronise with the traded volume. This may indicate that the brisk trading volume were mainly concentrated on the lower liners.
This also implies the cautious market undertone given the uncertainties on the economic front and the outbreak of Covid-19.

For example, total traded volume recorded on March 12 was 3.79 billion shares with a total of RM3.06 billion traded values, whereas yesterday’s participation rate hit 5.36 billion shares but the trade value stood at only RM2.66 billion.

Yesterday, stocks that topped the volume list were Ekovest Bhd, Hibiscus Petroleum Bhd, Mlabs Systems Bhd, Sapura Energy Bhd and Bumi Armada Bhd.
In terms of trade value, among the highest were Ekovest, Hibiscus, Tenaga Nasional Bhd, JAKS Resources Bhd and Malayan Banking Bhd (Maybank).

It is worth noting that Ekovest was the only counter whose traded value crossed the RM100 million mark yesterday.
Usually, the total traded value of the big-cap blue chips can easily breach the RM100 million mark in a brisk trading day.
Rakuten Trade Sdn Bhd research vice-president Vincent Lau highlighted to The Edge Financial Daily that net buyers in the market lately were mainly retail investors.
In particular, retail investors have been buying up shares in tandem with the surge in trading volume.
Lau noted that there could be a sector rotation playing out, in which investors were switching out from the oil and gas sector into the construction sector, probably due to optimism about the prospects of kick-starting infrastructure projects hinted by the government lately.

This means that the KLCI could need to break through major hindrances to continue its positive momentum.
Likewise, Lee noted that the small cap index is currently reaching large resistive levels of 10,250 and 10,700 points.
He agreed with the notion put forward by Lau that market participation so far had been market-driven, as starting from April 2 retail investors were the net buyers.

Posted by Hawk Eye > 2020-04-09 11:58 | Report Abuse

Good going....Run run....ha ha

Posted by Ben3333 > 2020-04-09 12:33 | Report Abuse

Sardin will appear when Thailand give approval to KNM to produce sanitizers from ethanol. By then share price wld have spiked to RM1

Posted by spyking > 2020-04-09 12:56 | Report Abuse

Check our ethanol price. Dropped 40%. No earnings expected from Thailand

Posted by roger3210 > 2020-04-09 14:34 | Report Abuse

Buy buy buy

Posted by roger3210 > 2020-04-09 14:45 | Report Abuse

Up you never experienced coming

Posted by Jack Y > 2020-04-09 16:24 | Report Abuse

i follow big bosss...he buy i buy ..ahahahah

Posted by tkl88 > 2020-04-09 16:37 | Report Abuse

Walaoeh, Oil price spike up like mad already !
It's definately indicating that the Opec + meeting will come out a deal of ouput cut !
As at 4.37pm,
Nymex => $26.14 (+1.05) (+4.18%)
Brent => $33.90 (+1.07) (+3.26%)

Posted by riko > 2020-04-09 17:31 | Report Abuse

like that ah ...

today KNM probably closed at rm300000000000000000000000000000000 after 5pm

Posted by tkl88 > 2020-04-09 17:55 | Report Abuse

OMG, Oil price continue to spike up sky high !
As at 5.55pm,
Nymex => $26.60 (+1.51) (+6.02%)
Brent => $34.20 (+1.36) (+4.14%)

Posted by roger3210 > 2020-04-09 18:14 | Report Abuse

buy buy buy

Posted by riko > 2020-04-09 19:17 | Report Abuse

Like that ah.... Sardin about to show face...

Posted by Investsucess Trader > 2020-04-09 19:56 | Report Abuse

more to come, stay tight...

Posted by RedEagle > 2020-04-09 20:16 | Report Abuse

The current OPEC members are the following: Algeria, Angola, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, the Republic of the Congo, Saudi Arabia (the de facto leader), the United Arab Emirates and Venezuela.

Posted by Jokers2020 > 2020-04-09 20:47 | Report Abuse

canada,Brazil,norway join opec to agree on the cut

Posted by upshare > 2020-04-09 21:48 | Report Abuse

Sardin say KNM is not related to oil and gas industry... good and bad of oil price not have any impact on KNM.... most important is borsig tech..
So.. what is so happy if oil price jump up???

Posted by Legend > 2020-04-09 22:46 | Report Abuse

​bulls are running

Posted by char1234 > 2020-04-09 22:48 | Report Abuse

well it's green ....what the heck .... enjoy the profit

Posted by RedEagle > 2020-04-09 23:15 | Report Abuse

20million cut..Great deal..

Posted by gemfinder > 2020-04-09 23:16 | Report Abuse

Posted by gemfinder > Apr 9, 2020 11:13 PM | Report Abuse X

Oil gave up all the gains la.. sleeping ka

Posted by Legend > 2020-04-09 23:19 | Report Abuse

The market is been manipulated.. we dont know the plan.

Posted by Mabel > 2020-04-10 00:02 | Report Abuse

Tomorrow I expect all O&G counters will explode...

Meow....