KLCI slips early Wednesday

KUALA LUMPUR: Blue chips slipped early Wednesday, weighed by misfortunes in influence mammoth Tenaga Nasional while speculators remained careful without solid positive impetuses. 

At 9.12am (Share market news),

the KLCI was down 0.98 of a point or 0.06% to 1,754.05. Turnover was 109.22 million offers esteemed at RM44.37mil. There were 127 gainers (Share market news), 130 washouts and 168 counters unaltered. 

Asian offers steadied on Wednesday after Wall Street figured out how to climate a new contort in the political contention encompassing US President Donald Trump's organization, while speculators looked forward to Federal Reserve Chair Janet Yellen's remarks later in the day, Reuters detailed. 

MSCI's broadest file of Asia-Pacific offers outside Japan ticked up 0.1%  while Japan's Nikkei slid 0.3%.

US stocks took a concise tumble after messages unveiled Trump's eldest child refered to Russian help for his dad's 2016 decision crusade.

Kenanga Investment Bank Research said the weaker close on Bursa on Tuesday and combined with the low exchanging volume, this reflected proceeded with vulnerability in advertise bearing.

"Presently, the KLCI is amidst retesting the significant May lows/100-day basic moving normal (SMA) at 1,750/1,754 (S1). 

"With the energy pointers in a bearish state, we see potential danger of this key help giving way and empower assist drawback towards 1,729 (S2) while upside will be topped at 1,771 (R1) and 1,795 (R2)," it said.

Lotte Titan Chemical Holding rose one sen to RM6.39 in dynamic exchange in the wake of going under offering weight on its exchanging debut on Tuesday. Its amended IPO cost was RM6.50. 

Settle fell the most, down 72 sen to RM82.70 while Ajinomoto shed eight sen to RM22.80. Be that as it may, F&N added 40 sen to RM25.78 with 100 Petronas Dagangan fell 10 sen to RM23.78 while Tenaga lost eight sen to RM14.02 and Unisem six sen bring down at RM3.49.)offers done and Carlsberg increased eight sen to RM15.16. 

Hong Leong Bank recuperated from the current pitching to bounce back 18 sen to RM16.10 while Petronas Chemicals increased nine sen to RM7.08.

Hot Stocks Of The Day

MLAB (Bursa: 0085): - 0.290 +0.035 (+13.73%)

YGL (Bursa: 0086): - 0.250 +0.070 (+38.89%)

PCHEM-C10 (Bursa: 518310): - 0.050 +0.010 (+25.00%)

EDUSPEC-WA (Bursa: 0107WA): - 0.065 +0.015 (+30.00%)

KNM-WA (Bursa: 7164WA): - 0.010 +0.005 (+100.00%)

Reference: http://www.mmfsolutions.my/blog/share-market-news/

For more Details: www.mmfsolutions.my

KLCI slips early Thursday

KUALA LUMPUR: Blue chips slipped early Thursday with mellow benefit taking found in banks and MAHB while key Asian markets were speculative. - Stock Market Live

At 9.37am, the KLCI was down 0.27 of a point or 0.02% to 1,767.89. Turnover was 247.06 million offers esteemed at RM108mil. There were 187 gainers, 178 washouts and 251 counters unaltered.

The earlier day saw the KLCI increasing more than six focuses fueled by banks as outside assets net purchasers at RM36.3mil contrasted and net offering (Stock Market 2017 Predictions) on Tuesday at RM139mil.

Asian offers were speculative on Thursday after minutes from the Federal Reserve's last meeting demonstrated an absence of accord on the future pace of loan cost increments, while oil costs crept higher after the earlier day's precarious decays, Reuters revealed.

MSCI's broadest record of Asia-Pacific offers outside Japan was minimal changed right off the bat Thursday. Japan's Nikkei slipped 0.15% while South Korea's KOSPI was level.

Brent unrefined fates rose 28 pennies, or 0.6%, to US$48.07 per barrel by 0132 GMT. US light rough fates were at US$45.39 per barrel, up 26 pennies, or 0.6%.

On the Bursa Malaysia execution, Kenanga Investment Bank Research said in spite of the more grounded execution on Wednesday, exchanging volume was stifled, which mirror the absence of an impulse.

"In the meantime, the KLCI (Stock Recommendations For Long Term) stays beneath the 50-day straightforward moving normal (SMA) while force markers are still on the bearish side of the range.

"Despite the fact that we don't markdown the likelihood of a close term help skip, the general specialized picture stays skewed to the drawback towards help levels 1,760 (S1) and 1,754 (S2)," it said.

Kenanga Research said overhead resistance levels stay at 1,771 (R1) and 1,795 (R2) where venders are probably going to offer on quality.

Hong Leong Bank surrendered Wednesday's increases, falling 30 sen to RM16 while AmBank lost four sen to RM5.07. MAHB was down 10 sen to RM8.50, Top Glove six sen bring down at RM5.70. (best stock trading signals)

Refiners Petron fell six sen to RM7.80 and Hengyuan four sen bring down at RM5.48.

Alliannz kept on climbing, picking up 10 sen to RM13.60, New Hoong Fatt added nine sen to RM4.45, SAM six sen to RM7.96 while Kimlun increased five sen to RM2.25.

Latest Hot Stocks for KLCI traders

1. ANZO
2. BTM
3. EMICO
4. BOILERM
5. CHUAN

Reference: http://www.mmfsolutions.my/blog/stock-market-live/