#FBM KLCI

[kazifatagar]

Foreign funds exiting the SEA region presents a buying opportunity

The FBM KLCI dipped below 1,585 but recovered from its intraday low as foreign selling and bargain hunting took place. Foreign funds With foreign funds exiting the SEA region, this presents a buying opportunity as they are expected to return soon. The index is projected to trade between 1,580-1,590 amid a busy earnings season. Technical View IOI Corp (1961): • Resistance: RM3.88 (R1), RM4.00…

[abajupan]

Tay Kam Hung Unveils Market Dynamics and Strategies Amidst Sudden Turmoil in Bursa Malaysia

Recently, the Malaysian stock market (Bursa Malaysia) experienced significant selling pressure at the opening, drawing widespread attention. This article aims to provide valuable insights for investors by analyzing the specific events, causes, and subsequent impacts of the sharp opening decline in Bursa Malaysia. Tay Kam Hung delves into market dynamics, individual stock performance, and broader market trends for a comprehensive analysis.

In recent trading sessions, Bursa Malaysia opened with heavy selling pressure, quickly dropping below the 1,540-point threshold. As of 9:10 a.m., the FTSE Bursa Malaysia KLCI (FBM KLCI) had fallen by 7.85 points or 0.51%, settling at 1,539.42 points. This sudden drop caught investors off guard and raised concerns about the future market trajectory.

Tay Kam Hung highlights that the opening plunge was primarily driven by declines in Tenaga Nasional Berhad (TENAGA), Malayan Banking Berhad (MAYBANK), and Public Bank Berhad (PBBANK). The falling share prices of these three heavyweights directly contributed to the sharp drop in the composite index, dragging it down by 1.50 points, 1.38 points, and 0.83 points, respectively. This underscores the significant influence of these blue-chip stocks on the overall market.

In the short period following the market opening, trading activity surged rapidly. As of 9:10 a.m., the trading volume of Bursa Malaysia reached 209.32 million shares, with a turnover value of RM93.34 million. There were 127 gainers, 182 losers, and 275 unchanged stocks, reflecting substantial selling pressure in the market.

Despite the overall market downturn, SNS Network Technology (SNS) stood out with a notable performance driven by its collaboration with NVIDIA. The company announced the launch of the first fully managed artificial intelligence (AI) cloud service in Malaysia at Cyberjaya Klang Valley data center of Telekom Malaysia. This news propelled the SNS stock price up by 2.5 sen or 6.2%, reaching 43 sen. Trading volume also surged to 17.54 million shares, making it a focal point in the market.

Tay Kam Hung notes that the strong performance of SNS Network Technology not only brought a glimmer of hope to the market but also reflected investor optimism toward technology and AI-related sectors. However, the overall market decline has inevitably dampened investor confidence. The future trajectory of the market will depend on the movements of heavyweight stocks and changes in the macroeconomic environment.

Tay Kam Hung emphasizes that while the opening plunge in Bursa Malaysia has sparked concerns, investors should remain calm and rationally analyze market dynamics. For the declines in heavyweight stocks, attention should be given to their fundamentals and potential policy changes. Meanwhile, sectors with growth potential, such as technology, merit closer observation for investment opportunities.

Following the sharp opening drop, the subsequent market movements will be closely watched. Tay Kam Hung suggests that the market may seek a new equilibrium through adjustments. Investors should keep a close eye on domestic and international economic conditions, policy developments, and shifts in market sentiment to adjust their investment strategies accordingly.

Amid the current market conditions, Tay Kam Hung advises investors to adopt a prudent investment strategy. On one hand, focus should be placed on signs of stabilization in heavyweight stocks and improvements in their fundamentals. On the other hand, investors may consider allocating funds to high-potential sectors such as technology, aiming for better returns. At the same time, it is crucial for investors to remain calm, conduct rational analyses of market dynamics, and avoid blindly following trends or engaging in panic selling.

In summary, while the opening plunge in Bursa Malaysia has raised concerns, it also provides investors with an opportunity to reassess the market and refine their investment strategies. By conducting in-depth analyses of market dynamics and individual stock performances, investors can develop more scientific and rational strategies to navigate market changes and challenges effectively.

[biswardi-hasbi]

Bursa Malaysia Ditutup Dalam Zon Negatif KUALA LUMPUR, 10 Sept - Bursa Malaysia ditutup dalam zon negatif hari ini, berikutan penurunan saham Axiata dan Digi susulan penamatan cadangan gabungan mega Axiata-Telenor.

[gilberthbolanos]

Buying interest to boost Bursa

The equity market is expected to be relatively good for first quarter of 2018 as analysts believe the spill-over effect of the favorable seasonal factor coupled with improved buying interest/momentum to be the supporting factor for the positive uptrend.

Emphasising that the trend is a short-run, Kenanga Investment Bank Research said as at end-2018 the FBM KLCI index is targeted to reach 1,860…

[cartierrings]

Domestic market rises as optimism rises in US economy

Domestic market rises as optimism rises in US economy

KUALA LUMPUR: Domestic markets tracked positive performance on Wall Street higher as investors traded bargains amid easing concerns over the prospect of a recession. At 9.05 am, the FBM KLCI was up 3.28 points at 1,431.97. There were 163 gainers as compared to 91 declines in the market. Trading volume was 81.02 million shares for a value of RM31.78mil. Major US indices rose overnight as investors…

[kazifatagar]

Index projected to move within the 1,590-1,600 range

The FBM KLCI remained flat due to last-minute buying in blue-chip stocks. Despite its erratic performance, the resurgence of buying in Hong Kong suggests that Asia is becoming a preferred destination for foreign funds, with ASEAN expected to benefit soon. For today, the index is projected to move within the 1,590-1,600 range. Technical View: SAMAIDEN (0223) • Resistance Levels: RM1.42 (R1),…

[weddinghairxgu]

Stock Market Analysis: 06/14/14

Volume was lower at 1.48 billion units worth RM1.66 billion from 1.49 billion units worth RM1.61 billion on Thursday. Daily MACD, still above the zero-line and the signal-line, continued to slide lower and its histogram also further contracted downward, indicating further decline in the index’s daily momentum. Most of my the boutique participated in September's correction with 5-7% decline rate. Twitter (TWTR) briefly traded above the 50 day on Friday but usually the first few attempts fail and we see a correction. “The sale of the 1MDB power unit for RM9.8bil in cash is the first step towards resolving 1MDB’s RM42bil debt. The shrinking numbers attest to the real power of a “madman theory of the Presidency” on investors. Next week the real action will come back and could set the tone for January. Hence, the FBM KLCI is likely to further consolidate or correct downward in the coming week. On the weekly chart, the FBM KLCI formed a white shooting-star candlestick, a top reversal candlestick pattern, which indicates the key index had experienced some profit taking activity at latter part of the week after the initial upsurge on last Monday. At close, the FBM KLCI settled at 1,670.27, up 1.24 points or 0.07%, from Thursday’s close of 1,669.03, after opening 0.58 of a point higher at 1,669.61 and moved between 1,666.97 and 1,671.72 throughout the day.

On a weekly basis, the benchmark index gained 0.29 of a point from 1,669.98 on previous Friday. What has become of this country where we have gotten to the point where we tax the producing citizens to the point where they are willing to reduce their workload (and therefore their income) because the are taxed to the point where it is no longer worth it to work harder for less money? How much longer we can go forward when 40% of the people are paying for the other 60%? And this is exactly what the majority of the people have failed to realize. Seems to me that they have a small issue to resolve before they can claim that the loans are repaid. There are many stock market training institutes and training centers to offer trading concepts apart with courses like NISM/NCFM/STOCKPRO are nationally recognized certification mandatory for various professionals in the capital market in India.

It's like that at my house. My training is as an engineer, where the math says what it says, and there are no phantom things like in finance. You do the math. If you’re looking at the candlestick or box itself (aka the candle or body), the top and bottom ends represent how much the stock moved between where it opened and where it closed. 1. Drink water. This is not only to keep the body well hydrated, but also to aid proper elimination of waste. By successfully solving the conundrum ‘How to keep a record of investments’, investment apps have hooked people into investing. While a part of that group elected him because he was black (both a majority of African-Americans AND a significant percentage of white people (which leads to a question of racism, but I think I'll discuss that later) ) Others elected him because they wanted "change". We should stay opinionated, but we should also have an open mind to change our views when a more plausible explanation is put forth. I’d say that the explanation is obvious. Taxpayers also won’t be getting a big slug of Chrysler stock in exchange. As vaccine doses began arriving around Europe Saturday, German Health Minister Jens Spahn called it a "day of hope" but warned that getting everyone immunised would be a "long-haul" effort.

[biswardi-hasbi]

Bursa Malaysia Susut RM157 Bilion Dalam Nilai Pasaran Sejak Tamat PRU14 PETALING JAYA, 17 Apr - Permodalan pasaran Bursa Malaysia susut RM157 bilion sejak tamatnya pilihan raya umum ke-14 lalu, dengan penanda aras pasaran FBM KLCI mencatatkan 1,629 mata berbanding 1,846 mata sebelum 9 Mei 2018.

[catlifedvd]

Stock Market Analysis: 01/19/20

Whenever I visit a blog or people send me request for linking I always look at what is this persons setup. He knows and is experienced a lot in his setup and that is why he makes money. If you can understand that you will be able to make lot of money. Once you can make a setup work, then it is easier to make other setups work or develop other setups. Once you have a setup your problem of cognitive load will decrease because you will be doing a very narrowly focused task. So defining a specific task to become an expert at is very critical.The first step in becoming a good trader is to arrive at a tradable setup. For example if you go to Charles Kirk site, there are lot of nice things he does , he makes great link posts, he gets good guests, he does good job of finding interesting stuff, but forget all those things, at the heart of his method is a ATR channel based setup. Same way if you study any successful trader they have a setup they trade. I constantly look for setups and study other peoples setups.

Guess about what. Setups. Same way if you go to Dan Zanger's site you will see that he specializes in 2 or 3 setups. Over the years thousands of traders have been members and those who benefited from the learning talk about the site to others or talk about the methods used and that is how new members learn about the site. Sometime back I had coffee with one of the members who is a day trader. Level 3 Communications Inc. (LVLT) - Level 3 Communications Inc. bounced off the 50 day moving average on Wednesday. Saskatchewan, Inc. hit $190 Tuesday morning and then dropped $7. Hyperdynamics Corporation (HDY) - Shares of Hyperdynamics Corporation hit a new 52 week high Thursday. Similarly, boutiques s with high earnings momentum outperform stocks with low earnings momentum. Choose the stock market advisory company which provides high accuracy stock future tips. Wednesday after the company reported better then expected earnings. Baidu, Inc. (BIDU) - Shares of Baidu, Inc. broke out on better than expected earnings Tuesday. Such drift in price coming in to earnings season is called pre earnings drift. Hence, the FBM KLCI is likely to further consolidate or correct downward in the coming week.

But stocks also drift up coming in to earnings. What drives pre earnings drift is either earnings information leakage (which was common pre Reg FD ) or due to analyst actions. On companies with extensive analyst coverage, when analyst start raising or decreasing upcoming or future earnings estimate, it results in pre earning drift, if the information is not reflected in the stock price. Apple (AAPL) - Apple (AAPL) continues to soar above $300 ahead of earnings. Apple (AAPL) - Apple (AAPL) dropped back to $200. But for some reason people keep going back to those foods. Overseas, European shares tumbled after countries across the Continent and beyond barred travelers from Britain in an effort to keep out an infectious variant of coronavirus that is spreading rapidly in England. Then, consider buying shares of a stock that overall, seems likely to rise in value. Advance Auto Parts Inc. (AAP) - Shares of Advance Auto Parts Inc. (AAP) rose more than 8% late Monday after the retailer reported third-quarter sales in line with expectations and higher-than-expected per-share gains. With what we know today about pesticides and their negative impacts on human wellbeing and nature, we should be more watchful than any other time in recent memory.

This natural gravy will be a lot lower in calories and hopefully a lot more flavoursome too. You will see most successful traders do the same. That is why you will see stocks breaking out 4 to 6 weeks before earnings and then rallying in to earnings season. Splunk (SPLK) will be delivering earnings November 29, 2016. We will be watching the developments in the stock picks group. The next way you can invest in the market is through stock options. 2. Ranging is a difficult thing to decipher as it can move up or it can move down. The basic idea behind swing trading is to capture the best part of a move in a stock or any instrument. Assets usually tend to move larger when the dollar is weak. The ICE U.S. Dollar Index, which measures the greenback against a basket of currencies, gained 0.5% as investors worried about fresh lockdowns.

[cartierrings]

FBM KLCI Turns Profit

FBM KLCI Turns Profit

KUALA LUMPUR: FBM KLCI pulled back most of their earlier gains to end almost flat in the afternoon. At 12.30 pm, the major index was up 0.45 points at 1,437.97, having risen to 1,444.67 in the morning session. Market breadth was negative, with 370 declining as compared to 299 gainers. Trading volume remained weak with 1.17 billion shares exchanged for a value of RM561.97mil. In Financial…

[karingudino]

Trading ideas: AE Multi, Dayang, HeiTech, Eco World Development, UEM Sunrise, Chin Hin

KUALA LUMPUR: Shares to look at on Thursday embrace AE Multi Holdings Bhd

, Dayang Enterprise Holdings Bhd

, Heitech Padu Bhd

, Eco World Development Group Bhd

, UEM Sunrise Bhd

and Chin Hin Group Bhd

, in keeping with JF Apex Analysis.

The analysis home home additionally stated WCT Holdings Bhd

, Greatech Technology Bhd

, AEON Credit Service (M) Bhd

, Genting Malaysia Bhd

and Wintoni Group Bhd

may see buying and selling curiosity following their newest company information.

AE Multi has bagged one other venture to arrange the manufacturing facility for PNE PCB, a brand new entrant to the rubber glove business.

Dayang Enterprise has received a contract extension from Sarawak Shell Bhd. The group stated its wholly-owned subsidiary DESB Marine Providers acquired the contract extension for the supply of an lodging workboat, Dayang Opal.

The Inland Income Board has renewed a contract price RM35.3mil for HeiTech Padu for provide, supply and renewal of CA Gen software program, Entry Gen (TSO) and Composer Report for the mainframe system.

Eco World Growth stated the property developer’s board has determined to not pursue the proposed merger with rival UEM Dawn following cautious analysis of the merger alongside EcoWorld’s personal enterprise plans and the present difficult atmosphere with the re-implementation of the Motion Management Order (MCO).

Chin Hin Group Property

has proposed to amass a 1,943 sq metre piece of vacant land in Kuala Lumpur for RM20.91mil to develop workplace tons.

WCT stated a judicial committee has upheld the Dubai Court docket of Enchantment’s determination that recognises a closing award of RM1.2bil in favour of the corporate in its dispute with Meydan Group LLC over the Nad Al Sheba Dubai Racecourse venture.

Greatech Know-how is shopping for 5.9 acres of leasehold land in Penang for RM13.37mil from the Penang Growth Corp.

Aeon Credit score has been granted a renewal for its money-lending licence below the Moneylenders Act 1951 and Moneylenders (Management and Licensing) Rules 2003 by the Ministry of Housing and Native Authorities.

Genting Malaysia’s Resorts World Genting (RWG) has issued a discover that it anticipates a decline in variety of guests following the implementation of the MCO, conditional MCO (CMCO) and restoration MCO (RMCO).

It stated it will likely be working at a decrease capability and that a few of its choices will not be accessible from Jan 13, 2021.

Wintoni has been granted an extra extension of time to nominate a alternative sponsor and submit its regularisation plan.

In the meantime, US markets ended blended with the Dow falling whereas the S&P and Nasdaq posted features after Federal Reserve officers stated rates of interest won’t be raised.

Earlier, European shares climbed amid vaccine rollout and lockdown measures within the area.

“Following the blended performances within the US and Europe, the FBM KLCI may hover sideways beneath the resistance of 1,650 factors,” JF Apex stated.

Source link

source https://fikiss.net/trading-ideas-ae-multi-dayang-heitech-eco-world-development-uem-sunrise-chin-hin/ Trading ideas: AE Multi, Dayang, HeiTech, Eco World Development, UEM Sunrise, Chin Hin published first on https://fikiss.net/ from Karin Gudino https://karingudino.blogspot.com/2021/01/trading-ideas-ae-multi-dayang-heitech.html

[ebisss-my]

KLCI ditutup di bawah tahap 1.600; Pasaran utama Asia berwarna merah

KLCI ditutup di bawah tahap 1.600; Pasaran utama Asia berwarna merah

KUALA LUMPUR: Bursa Malaysia menyaksikan tekanan penjualan berikutan FBM KLCI utama ditutup di bawah tahap 1,600. Pada penutupan, indeks 30 saham berakhir 21.44 mata, atau 1.33% kepada 1,595.29, paras terendah harian. Indeks dibuka 0.05 mata lebih baik pada 1.616.78. Lebar pasaran adalah negatif kerana penurunan mengatasi kenaikan. Terdapat 315 untung, 860 kaunter rugi dan 420 kaunter diniagakan…

[kazifatagar]

Some buying interests returning

FBM KLCI unexpectedly slid to below the 1,580 level as we reckon foreign selling has moved up a gear. Buying interest “Nonetheless, we believe reports that the YTL Group are offering free warrants as bonus issues may see some buying interests returning thus expect the index to hover within the 1,575-1,585 range today,” says Rakuten Trade. Technical View: WPRTS (5246) Entry Level: RM…

[khalidsworld]

FBM KLCI tumbles as Bursa decliners top 800 KUALA LUMPUR (Sept 3): The FBM KLCI closed down 22.14 points or 1.44% at 1,515.40 today while the number Bursa Malaysia decliners rose past 800 on profit-taking and as investors took cue from China share losses.

[herokita]

KUALA LUMPUR: Indeks Bursa Malaysia mengukuh 1.63 peratus untuk akhiri sesi awal dagangan, mencatatkan keuntungan secara menyeluruh dengan kaunter penjagaan kesihatan kembali meraih keuntungan selepas penurunan semalam. Pada 12.30 tengah hari, indeks penanda aras pasaran FTSE Bursa Malaysia KLCI (FBM KLCI) melonjak 25.5 mata kepada 1,590.50, dengan Hartalega dan Top Glove. apabila digabungkan menyumbang sejumlah 13.35 mata. Indeks utama dibuka 10.30 mata lebih rendah kepada 1,563.01, berbanding 1,573.48 pada penutup semalam. Pergerakan harga keseluruhan pasaran kembali positif dengan kaunter untung mengatasi kaunter rugi 553 berbalas 312, manakala 409 kaunter tidak berubah, 690 tidak diniagakan dan 27 lain digantung. Jumlah dagangan ialah 4.57 bilion unit bernilai RM3.14 bilion. Seorang penganalisis berkata para pelabur terus mengambil kesempatan mengaut keuntungan daripada kaunter yang jatuh teruk sebelumnya, terutama kaunter pengeluar sarung tangan. “Selain daripada itu, kita turut menyaksikan permintaan menggalakkan untuk beberapa kaunter lain seperti penjagaan kesihatan, hartanah, pembinaan dan perladangan,” kata beliau. Hartalega dan Top Glove mendahului saham berwajaran tinggi, masing-masing meningkat RM1.36 dan RM3.06 kepada RM16.22 dan RM22.76. Kerancakan saham Top Glove didorong oleh keyakinan yang arahan sekatan oleh pihak Kastam dan Perlindungan Sempadan Amerika Syarikat (CBPAS) ke atas sarung tangan pakai buang keluarannya akan selesai dalam tempoh dua minggu ini ataupun sebulan. Sementara itu, saham-saham yang mencatatkan untung antaranya termasuklah Supermax, yang mengukuh RM1.60 kepada RM16.50, dan Kossan, meningkat 80 sen kepada RM13.06. Saham-saham berwajaran tinggi pula, TNB menokok 10 sen kepada RM11.46, Hap Seng kekal pada RM8.83 dan PetChem naik satu sen kepada RM6.22. Maybank pula lebih tinggi tujuh sen kepada RM7.89 dan Axiata meraih tiga sen kepada RM3.38. Dalam kalangan saham paling cergas, Pegasus kekal pada 2.5 sen, manakala XOX meningkat 4.5 sen kepada 15 sen selepas berita menyatakan syarikat itu yang memiliki lesen e-dompet, akan menyediakan pembiayaan mikro berjumlah sehingga RM1 bilion kepada 2.2 juta pelanggan. Sementara itu, Lambo dan Anzo, masing-masing meningkat setengah sen kepada 3.5 sen dan 13 sen. Di papan indeks, Indeks FBM Emas melonjak 176.01 mata kepada 11,216.42, Indeks FBMT 100 menambah 176.80 mata kepada 11,073.65 dan Indeks FBM Emas Shariah melonjak 282.67 mata kepada 12,891.96. Indeks FBM 70 melambung 219.29 mata kepada 13,918.40 dan FBM ACE meningkat dengan ketara sebanyak 238.68 mata kepada 7,405.93. Mengikut sektor, Indeks Kewangan lebih tinggi 52.96 mata kepada 13,587.17, Indeks Perladangan naik 11.35 mata kepada 6,973.70 dan Indeks Produk dan Perkhidmatan Perindsutrian meraih 0.5 mata kepada 138.27. — BERNAMA (function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) return; js = d.createElement(s); js.id = id; js.src="https://connect.facebook.net/en_US/sdk.js#xfbml=1&version=v3.1&appId=517691711979098&autoLogAppEvents=1"; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk')); (function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) return; js = d.createElement(s); js.id = id; js.src = "http://connect.facebook.net/en_US/all.js#xfbml=1"; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk')); HEROKITA.com | Digital Talents On Demand Source link