Posted by Keyman188 > 2020-04-28 14:22 | Report Abuse

SC and Bursa extend temporary short selling suspension amid Covid-19 volatility

(theedgemarkets.com April 28, 2020 13:29 pm +08)

KUALA LUMPUR (April 28): The Securities Commission Malaysia (SC) and Bursa Malaysia Bhd have extended the temporary suspension of short selling to June 30, 2020.

In a joint statement, the SC and Bursa said the temporary suspension, which began on March 24, was initially targeted to be ended on April 30.

It was introduced by the SC and Bursa as part of a slew of proactive measures to mitigate potential risks arising from heightened volatility and global uncertainties as a result of the Covid-19 pandemic.

It involves the suspension of intraday short selling and regulated short selling, as well as intraday short selling by proprietary day traders. The suspension does not, however, apply to permitted short selling.

The SC and Bursa said the extension of the temporary suspension will ensure that market management measures are still in place to manage risks within the prevailing uncertain and challenging environment amid the Covid-19 pandemic, as well as mitigate any excessive speculative activity in the marketplace.

“The temporary suspension of short selling remains a short-term measure to provide stability and confidence in the Malaysian capital market.

“Both the SC and Bursa Malaysia will continue to monitor developments affecting the securities market and evaluate the adequacy of existing measures to support an orderly market and mitigate potential risks,” they said.


##https://www.theedgemarkets.com/article/sc-and-bursa-extend-temporary-short-selling-suspension-amid-covid19-volatility

Posted by Keyman188 > 2020-04-28 14:29 | Report Abuse

Time to sailang now......2nd round rebound around the corner....

Posted by Keyman188 > 2020-04-28 14:42 | Report Abuse

Lai...Lai...Lai...faster give me what I que....

Posted by Keyman188 > 2020-04-28 15:46 | Report Abuse

U.S. Stocks Don’t Need to Fall on Economic Damage, Goldman Says

(April 28, 2020, 12:03 PM GMT+8)

U.S. stocks may be able to look through a dismal earnings season or two, and the deepest economic contraction in modern history, according to analysis by Goldman Sachs Group Inc.

That’s based on historical analysis that suggests equities price in macroeconomic performance over a two-year horizon. As long as projections are -- as they indeed are now -- for the economy to rebound after the current and coming period of pain, then stocks don’t need to fall, the Wall Street bank concluded.

“Investors usually discount at least the next two years of macroeconomic performance, suggesting markets may continue to look through bad news over the near term if it can reasonably be expected to reverse in the coming quarters,” Zach Pandl, co-head of global FX and EM strategy, wrote in a research note Monday.

Stocks have recovered globally over the past month as governments lay out plans to ease shutdowns to fight the Covid-19 outbreak. The S&P 500 is up 29% from its March 23 close, though remains 15% off the February record high.

To be sure, not all strategists share the optimism that a V-shaped economic course is on the cards.

“Economies will be operating well below capacity for an extended period, with unknown GDP/EPS impact,” UBS Group AG strategist Stuart Kaiser wrote in a note Monday. “Risk markets have moved past systemic risk and worst-case virus outcomes to now focus on the depth and duration of the economic shock.”

Goldman’s analysis used consensus GDP expectations as a guide. Early April, the expectation was for a 4% decline in U.S. gross domestic product, with an expansion of about 4% seen for 2021 and 3% for 2022, Pandl wrote. That marks an unusual pattern for a recession, when economists typically downgrade coming year expectations as well as current-year ones, he noted.

“Metrics that focus only on growth over the next one year (e.g., multiples based on next-12-month earnings expectations) will overstate current valuations, given the large rebound expected beyond this year,” Pandl wrote. “For similar reasons, more disappointing data over the near-term may not affect market pricing if activity is expected to snap back relatively quickly.”


##https://www.bloomberg.com/news/articles/2020-04-28/u-s-stocks-may-look-through-economic-damage-goldman-sachs-says

Posted by Keyman188 > 2020-04-28 22:21 | Report Abuse

Hedge fund manager Kyle Bass: I’m surprised at size of market bounce given the terrible economy

PUBLISHED TUE, APR 28 20209:36 AM EDT

~ Hedge fund manager Kyle Bass said Tuesday he didn’t anticipate the stock market’s current recovery from its coronavirus-driven lows in March. 

~ “I’m surprised at the size of the bounce when you look at our economy,” Bass said on CNBC’s “Squawk Box.”

~ “We’re going to have a very long grind here, trying to get these people back to work,” the Hayman Capital founder said. 


Hedge fund manager Kyle Bass told CNBC on Tuesday he didn’t anticipate the stock market to recover as significantly as it has from its coronavirus-driven lows in March.

“I’m surprised at the size of the bounce when you look at our economy and the fact that we have ... 20% unemployment, and in the center of the fairway of where we think it will be by the end of the year, in a perfect world, maybe we’ll be back to 7% to 10% unemployment,” Bass said on “Squawk Box.”

As of Monday’s close, the S&P 500 has gained more than 30% since its March 23 low of $2,191. The index sits about 15% off its all-time high of $3,393 on Feb. 19, which was reached before the economic shock from the Covid-19 outbreak unsettled financial markets across the globe.

The U.S. economy, in just five weeks, gave back all of the 24.4 million job gains and then some since the Great Recession as state stay-at-home orders and nonessential business closures were implemented to help slow the spread of the virus. 

Bass said he believes the “economic and financial realities” brought about by the coronavirus are larger than what is reflected in the stock market. “We’re going to have a very long grind here, trying to get these people back to work.”

The founder and CIO of Hayman Capital Management also pointed to aggressive action from the Federal Reserve in response to the crisis as likely playing a role in the market’s recovery. “The Fed has come in and done everything that it possibly could and then some,” he added. “The Fed’s buying everything but equities.”


##https://www.cnbc.com/2020/04/28/hayman-capital-kyle-bass-im-surprised-at-size-of-market-bounce.html

Posted by valuelurker > 2020-04-29 00:06 | Report Abuse

Remember remember the month of May
I see no reason why the sell in May and go away adage shall ever be forgot

Posted by Keyman188 > 2020-04-29 00:23 | Report Abuse

Unfortunately this year a bit strange & funny... 

"Period" already came early...sell in March go away... 

Buy in April laugh away....... 

Bet in May scream high away...

Posted by Keyman188 > 2020-04-29 09:19 | Report Abuse

2nd round of rebound engine already start.......

Who still left behind this round sky rocket!!!........

Posted by Keyman188 > 2020-04-29 11:54 | Report Abuse

Don't hammer your own leg again......

2nd round rebound engine already started......

Posted by Keyman188 > 2020-04-29 12:06 | Report Abuse

US market - DJIA future up 300++.......S&P500 up 46++.......

Nikkei225 - future up 500+++ (despite today closed for holiday)...

Posted by licwalker > 2020-04-29 12:17 | Report Abuse

talking kok...where were you when you supposed to ask ppl buy low on middle of march? retracement not yet happen and this author talking about 2nd rebound...
now this author asking ppl to buy high wor wakaka typical idiot mindset

Posted by Keyman188 > 2020-04-29 12:17 | Report Abuse

KLCI up 10++ point now...up until you can't believe....

Posted by Keyman188 > 2020-04-29 12:21 | Report Abuse

Time for diversification portfolio....

Banking...

Consumer products...

Gambling & leisure...

Construction...

Oil & Gas...

IT related sector...

Posted by Keyman188 > 2020-04-29 12:22 | Report Abuse

KLCI up 11++ point now...up until you can't believe it....

Posted by Keyman188 > 2020-04-29 12:53 | Report Abuse

2nd round rebound engine already triggered......

Posted by Keyman188 > 2020-04-29 15:08 | Report Abuse

KLCI up 12++ point now...up until you can't believe it....

2nd round rebound engine already triggered................

Posted by Keyman188 > 2020-04-29 21:58 | Report Abuse

Dow surges more than 400 points as positive Gilead news lifts hope for coronavirus treatment

PUBLISHED TUE, APR 28 20206:05 PM EDTUPDATED 12 MIN AGO

Stocks jumped Wednesday on the back of positive data from a potential coronavirus treatment from Gilead Sciences while investors digested a sharp drop in U.S. economic activity. 

The Dow Jones Industrial Average traded more than 400 points higher at the open, or over 1.5%. The S&P 500 gained 1.9% while the Nasdaq Composite traded 2.1% higher. 

A study of Gilead’s remdesivir drug conducted by the National Institute of Allergy and Infectious Diseases met its primary endpoint, the drugmaker said, lifting expectations for a potential coronavirus treatment. Gilead also released the results of its own study, which showed improvement in patients taking remdesivir to treat the virus. Gilead shares jumped 5.4% after a brief halt in the premarket. 

“The idea of something that is just given to you in the hospital IV that makes it so that it eliminates the, let’s say, the odds of you dying is something that makes us feel like that maybe this is the Tamiflu for this dreaded disease,” said CNBC’s Jim Cramer. “I think a lot people are going to say open [the economy] up and that’s why the market’s flying.”

Sentiment was also lifted as Alphabet shares gained 9.1% after the tech giant reported a revenue growth decline that was less steep than forecast. The company’s YouTube ad revenues also beat expectations. 

Other mega-cap tech stocks such as Facebook climbed 4.1%. Amazon gained 0.7% while Apple advanced 2.3%.

The Gilead news along with the strong move higher from Alphabet offset news of steep drop in U.S. economic activity. U.S. GDP shrank by 4.8% in the first quarter for the country’s biggest contraction since the financial crisis. 

Fed announcement looms

All eyes will be on the Fed’s monetary policy decision at 2 p.m. ET Wednesday. Investors will look to the central bank’s statement and chairman Jerome Powell’s virtual press conference for clues about how long interest rates will stay near zero as the economy seeks to emerge from coronavirus crisis.

“The Fed will likely focus on its crisis policy implementation and signal readiness for future shocks,” said Lauren Goodwin, economist and portfolio strategist at New York Life Investments. “It’s also possible that the Fed clarifies its forward guidance, and affirm that interest rates will remain low until inflation expectations are firmly anchored in the 2.0% range.”

While no one is expecting any change to its benchmark interest rate, the Fed could potentially adjust the rate on bank reservesand announce asset purchases targeted toward driving down longer-term rates.

Stocks fell slightly on Tuesday as a slide in mega-cap tech shares put pressure on the broader market. The S&P 500 ended the day 0.5% lower, but the equity benchmark is still up more than 10% this month alone.

President Donald Trump said in a press conference Tuesday the U.S. will “very soon” run five million coronavirus tests per day. The number of most tests the country has run was 314,182 on April 22, according to the Covid Tracking Project. The lack of testing remains an obstacle for many states anxious to reopen for business.


##https://www.cnbc.com/2020/04/28/stock-market-futures-open-to-close-news.html

Posted by Keyman188 > 2020-04-30 08:09 | Report Abuse

DJIA & S&P500 already surpassed 61.8% retracement & strong rebounded back to bull market territory....

I think this round short bear market unprecedented tragedy had caused a lot of global investors "drop their eyes"......

Posted by CharlesT > 2020-04-30 08:30 | Report Abuse

so u deleted yr earlier post ah? U turn oredi...lol

Posted by Keyman188 > 2020-04-30 08:40 | Report Abuse

No matter value investors or traders...always must follow the market conditions & trends.......

Don't always stick to 1 pattern...kekeke...kekeke...

If not how to earn more pocket money lehhh....kekeke......

Hedge Funds Management always like to "Twist" & call Long or short the market lahhh...


%%% Remember always follow the market condition, if know like other people always left behind the market trends......


^^Always 80% FA 20% TA (I always deserve the right to reserve 1 more step)

Posted by Keyman188 > 2020-04-30 08:46 | Report Abuse

Time to accumulate more & more share......

Don't left behind this round rebound......

Posted by CharlesT > 2020-04-30 08:49 | Report Abuse

have been doing this for weeks lah, wait for yr signal meh

Posted by laychee > 2020-04-30 08:52 | Report Abuse

Tons of good news. Drug, QEs and reopening.

Bad news? Bad GDP and employment rate around the world.

Posted by Keyman188 > 2020-04-30 08:55 | Report Abuse

okok...don't talk so much 1st...start trading ready......

Hunting new targets now...don't left behind......

Posted by Keyman188 > 2020-04-30 11:27 | Report Abuse

Unbelievable...KLCI up 17++ point now...up until you can't believe it....

After surpass 1400 again...whole market sure crazy rushing in again...

2nd round rebound engine already triggered................

Posted by Keyman188 > 2020-04-30 12:04 | Report Abuse

Unbelievable...KLCI up 18++ point now...very close to 1400 again......

After surpass 1400 again...whole market sure crazy rushing in again...

2nd round rebound engine already triggered................

Posted by Keyman188 > 2020-04-30 14:08 | Report Abuse

I foresee today KLCI closing shall be slightly shy behind 1400......

Reserve further uptrend for next week......

Posted by Keyman188 > 2020-04-30 15:12 | Report Abuse

Crazy strong today KLCI...already surpassed 1400 level...

up until you can't believe it....

Posted by Keyman188 > 2020-04-30 15:51 | Report Abuse

Super Crazy today...... KLCI up 30++ point now............

Very high chance surpass 1420 next week..........

up until you can't believe it....

Posted by Keyman188 > 2020-04-30 15:57 | Report Abuse

Is the right time hunting for stocks not yet move with potential recover after MCO...

Try look for below 25% recover from Mar'20 low......

Of course Construction sector is primary fast & start to recover...

Economy need this sector to boost back engine..........

Posted by Keyman188 > 2020-04-30 16:05 | Report Abuse

Super Crazy today...... KLCI up 38++ point now............

Very high today surpass 1420 .........

up until you can't believe it....

Posted by Stockhunter88 > 2020-04-30 16:12 | Report Abuse

Large cap bonanza... Whoever make money 1, please run now

Posted by Keyman188 > 2020-04-30 16:14 | Report Abuse

Too sad...no plan to escape board now...

Posted by Keyman188 > 2020-04-30 16:17 | Report Abuse

So long as standing above 1400 level...

Next week rotation playing around different counters......

Heading to next battle level.....1443 level soon.............

Posted by valuelurker > 2020-04-30 16:27 | Report Abuse

Bull is on its last breath in May and August and in November see the index defend the onslaught of losses 1200 cumminggg

Posted by Keyman188 > 2020-04-30 16:32 | Report Abuse

Too sad...I am very stubborn "orang tua"...kekeke..kekeke...

I trust myself more than others......

Only Student "C" can comprehensively understand......

Posted by Keyman188 > 2020-04-30 17:08 | Report Abuse

Super crazy day...KLCI just need 2 days to boost back above 1400 level...

Some more shy slightly behind 1420 level......

Nowadays market need new crazy bloods to pump in market...

If follow "old bloods"...market can't crazy & mad to move......

New bloods always more warriors...

Old bloods always more spectators......

Posted by Keyman188 > 2020-05-03 22:35 | Report Abuse

We all know all industry unprecedented losses...except glove industry... 

All share still pushing higher & higher...... 

Unfortunately this year a bit strange & funny...... 

"Period" already came early...sell in March go away......

Buy in April laugh away....... 

Bet in May scream high away........


^^^Coming week if KLCI laggard for correction, I will put the bet (I always prefer moving opposite direction)

Posted by Talib > 2020-05-03 22:39 | Report Abuse

going to sink tomorrow

Posted by Keyman188 > 2020-05-03 22:42 | Report Abuse

kekeke....wkwkwkk......

Posted by Keyman188 > 2020-05-03 22:47 | Report Abuse

别人笑我太疯癫... 我"说"他人看不清......

我只看 S&P500 先...才看本地KLCI

Posted by Keyman188 > 2020-05-04 09:55 | Report Abuse

Surprisingly today KLCI has dropped by 30++ point...

But overall market still withstand strong by own individual holding...

Not much drop share price............

Posted by Talib > 2020-05-04 10:00 | Report Abuse

keyman, for your good, you better stop trade stock. because you don't know why klse can drop this morning. please read my comments to know why klse drop so much

Posted by Keyman188 > 2020-05-04 10:04 | Report Abuse

S&P500 still withstanding @ 50% retracement......

Last week already test 61.80% retracement but not strong enough...

Posted by Keyman188 > 2020-05-04 10:29 | Report Abuse

Foreign selling last week slowed to RM87.9m, lowest in 11 weeks, MIDF says

(theedgemarkets.com May 04, 2020 09:14 am +08)


KUALA LUMPUR (May 4): Foreign selling of Malaysian equity decelerated to RM87.9 million last week, from a whopping RM1.13 billion the prior week, according to MIDF Research.

In his weekly fund flow report today, MIDF Research’s Adam M Rahim said this was the lowest in 11 weeks.

“For the month of April 2020, offshore investors took out RM2.67 billion net of local equities, more than half of what was sold in the preceding month.

“In comparison to its other six Asian peers that we monitor, Malaysia remains as the nation with the third smallest foreign net outflow on a year-to-date basis after Indonesia and the Philippines,” he said.

Adam said the year-to-date foreign outflow from Malaysia came to RM10.3 billion.

He said Bursa began the week on a gloomy note as foreign investors pulled out RM115.8 million net of local equities.

“This was despite the announcement of more stimulus measures by the Bank of Japan which includes the additional purchase of commercial papers and corporate bonds.

“Foreign net selling activity dipped on Tuesday to RM95.4 million as investors acknowledged progress in the global fight against the coronavirus but remained cautious amidst a painful earnings period,” he said.

Adam said Wednesday then saw a massive drop in foreign net outflow to RM800,000.

He said most Asia-Pacific stocks gained Wednesday on cautiously positive sentiment that steps by governments around the globe to ease lockdowns will not set off a new deadly round of the respiratory illness.

“Tables were turned on Thursday, the last trading day of April, as foreign investors scooped up RM124.5 million net of local equities.

“The local bourse followed suit to gain 2.0% higher, settling above 1,400 points As such, the 11-day selling streak on Bursa was snapped,” he said.

Adam said risk-on sentiment was sparked by the effectiveness of a drug by Gilead Sciences against the Covid-19 pandemic.

“In terms of participation, foreign investors saw a 9.4% weekly decline in its average daily traded value (ADTV), the largest amongst other investor groups.

“Nevertheless, the absolute ADTV of foreign investors remained healthy above the RM1 billion mark,” he said.


##https://www.theedgemarkets.com/article/foreign-selling-last-week-slowed-rm879m-lowest-11-weeks-midf-says

Posted by Keyman188 > 2020-05-04 10:30 | Report Abuse

Surprisingly........

“Tables were turned on Thursday, the last trading day of April, as foreign investors scooped up RM124.5 million net of local equities.


Need to monitor this week...soon we know the answer......

Posted by Stockhunter88 > 2020-05-04 11:18 | Report Abuse

Have told you guys to sell on last Friday spike. It was an obvious rush purchase that pushes the price

Posted by Keyman188 > 2020-05-04 11:27 | Report Abuse

Surprisingly daily heavy hot spot....Serbark & Dayang not much pressure on selling......

Posted by Keyman188 > 2020-05-04 11:29 | Report Abuse

Surprisingly daily heavy hot spot IT related counters....JHM...Krono...& VS also not much pressure on selling......

Posted by Keyman188 > 2020-05-04 11:49 | Report Abuse

Surprisingly Australia ASX200 rebound back positive by 39++ point...