Morning kawan kawan. Got problem with celcom internet line. Need to go town to get the coverage. Too many posting will take whole day to read all. Kikikiki
ALL HERE. TOLD YESTERDAY THAT VOLUME TRADED DECLINING IN BURSA AND INSTITUTION FUND NOW SUPPORTING KLCI BUYING BLUE CHIP AND GOOD QUALITY FUNDAMENTAL COUNTERS. BUYING OF BLUE CHIP CONFIRMED BY "THE EDGE" NEWS ARTICLE JUST MINUTE AGO. MEENA,PLEASE GO CUT AND PASTE. THANK YOU.
Mid-morning Market: KLCI arrests decline, advances on renewed buying of select blue chips
Written by Surin Murugiah of theedgemalaysia.com Tuesday, 11 March 2014 10:14
KUALA LUMPUR (March 11): The FBM KLCI arrested its decline and advanced on renewed buying interest on select blue chips, eyeing the 1,830-level. At 10.01am, the FBM KLCI gained 4.69 points to 1,827.11. Gainers led losers by 277 to 161, while 225 counters traded unchanged. Volume was 313.02 million shares valued at RM260.02 million. The top gainers at mid-morning included United Plantations, BAT, Cahya Mata Sarawak, PPB, Hong Leong Bank, F&N, KLK, Dutch Lady, Kian Joo and DKSH. XDL was the most actively traded counter with 53.42 million shares done. The stock rose 3.5 sen to 43 sen. The other actives included MAS, Daya Materials, Iris Corp, London Biscuits, Hua Ann and Astral Supreme. The decliners included Shangri-La, Golsta, Petronas Gas, KESM, MAHB, Coastal Contracts, GAB, Puncak Niaga, Tan Chong and AISB. Affin IB vice president and head of retail research Dr Nazri Khan said that despite inching up slowly, the FBM KCLI maintained its bullishness into higher territory as equity bulls remained largely unfazed by developments in Ukraine and as attention turned to the Europe easing monetary policy as well as the positive global economic data including the USA non-farm payrolls report. Though investors kept a small eye on the Russia-Ukraine situation, there was little evidence to suggest the developments in Ukraine would impact on global sentiments and growth, he said. “On the local front, Bursa should be supported by Bank Negara keeping the overnight policy rate (OPR) unchanged at 3% (since July 2011) even though inflation has risen at its fastest pace in the past two years. “On the technical front, most daily oscillators are pointing up suggesting a new round of bullish momentum and more upside space. “The market close remains above the 20-day, 50-day and 200-day moving average suggesting firm uptrend across all time frames. “The FBM KLCI has risen 25 points (high-low range of 1,813 to 1,838) on a fairly good volume which means we now expect the KLCI to remain buoyant and maintain support above the 1,830 level,” he said. Elsewhere, Asian markets were set for another tense session on Tuesday as worries about China's economy continue to reverberate, taking a particularly hard toll on commodity prices, according to Reuters. February's shock fall in exports from the Asian behemoth has cast a shadow over the global outlook, even as analysts blamed much of the drop on the Lunar New Year holidays, it said.
Market Open: KLCI halts slide, select blue chips lift First Read Written by Surin Murugiah of theedgemalaysia.com Tuesday, 11 March 2014 09:14
KUALA LUMPUR (March 11): The FBM KLCI halted its slide in early trade on Tuesday, lifted by gains at select blue chips.
At 9.05am, the FBM KLCI added 3.04 points to 1,825.10. Gainers led losers by 117 to 82, while 125 million counters traded unchanged. Volume was 40.13 million shares valued at RM32.53 million. The top gainers in early trade included United Plantations, Bat, Cahya Mata Sarawak, Kian Joo, PPB, Hong Leong Bank, KLK, DKSH and Genting Plantations. Hong Leong IB Research in a market preview Tuesday said that following its failure to stage a decisive breakout above our key resistance of 1,839 last week, the FBM KLCI is expected to lock in a short term consolidation mode this week to neutralise the overbought positions. Missing plane crisis-hit Malaysian Airlines shares continued to be trade actively. The stock was unchanged at 24 sen with 7.07 million shares done. “Weekly resistances are 1,830-1,840 whilst supports fall on 1,800-1,813,” it said. Elsewhere, Asian markets were set for another tense session on Tuesday as worries about China's economy continue to reverberate, taking a particularly hard toll on commodity prices, according to Reuters. February's shock fall in exports from the Asian behemoth has cast a shadow over the global outlook, even as analysts blamed much of the drop on the Lunar New Year holidays, it said.
Bro changlk03. Yalo, a bit busy actually. Now balik kampung, spend some time with family lo. And the line here also not very good, so seldom online also. Lol. :)
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....
Posted by hepitrade > 2014-01-02 18:04 | Report Abuse
What say you, bro & sis ?