Bursa Malaysia higher in early exchange

KUALA LUMPUR: Bursa Malaysia snapped yesterday's misfortunes to open higher in early exchange today, upheld by outer factors and also deal chasing, a merchant said. 

At 9.03am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 3.24 focuses better at 1,747.17 subsequent to opening 0.01 of-a-point higher at 1,743.94 at the beginning of today. 

On the more extensive market, gainers were higher at 134 against 81 washouts while 181 counters stayed unaltered with 1,414 untraded and 18 others were suspended. 

Turnover remained at 121.45 million offers worth RM438.23 million. 

Open Bank Investment Bank Bhd said the nearby bourse could open higher today after the quality for product centered stocks helped drive the fundamental US value gages to new highs while the container European Stoxx 600 list outperformed its May tops to end taking care of business level since August 2015. 

PChem added seven sen to RM7.44, PetGas rose 14 sen to RM18.22 and PetDag picked up 10 sen to RM24.20. 

Among gainers in the heavyweights, HapSeng edged up eight sen to RM9.36, CIMB and Sime Darby climbed two sen each to RM6.16 and RM9.11 individually while TM and WPRTS both added four sen to RM6.22 and RM3.74 separately. 

Of the actives, BJCorp and Ekovest enhanced two sen each to 35 sen and 97 sen, individually, Hubline and PUC were unaltered at 17.5 sen and 18.5 sen separately while HuaAn and Hibiscs both shed a large portion of a-sen to 28 sen and 74 sen, individually. 

Among advancers, KmLoong picked up 30 sen to RM4.90, LafMsia added 15 sen to RM7.0, BAT rose 14 sen to RM38.38, PMBTech expanded 11 sen to RM3.82 and PMetal climbed 10 sen to RM4.82. 

The FBM Emas Index rose 7.01 focuses to 12,597.43, FBMT100 Index was 7.38 focuses firmer at 12,232.23 the FBM Ace gathered 19.6 focuses to 6,900.99. 

The FBM 70 facilitated 14.66 focuses to 15,521.93 and FBM Emas Shariah Index deleted 9.91 focuses to 13,066.88. Area savvy, the Finance Index went up 33.33 focuses to 16,273.33, the Plantation Index was 0.19 of-a-point higher at 8,003.28 and the Industrial Index rose 6.59 focuses to 3,196.26.

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Tenaga forces blue chips higher in front of Budget points of interest

KUALA LUMPUR: Tenaga Nasional controlled blue chips higher early Friday after it shocked the market with a last profit for each offer of 44 sen while the nation anticipate the subtle elements of the Budget 2018 proposition at 3.30pm. 

At 9.22am, the FBM KLCI was up 6.68 focuses or 0.38% - the greatest picks up lately – to 1,743.48. Turnover was 383.64 million offers esteemed at RM134.76mil. There were 235 gainers, 126 failures and 239 counters unaltered. 

Asian offers picked up on Friday as innovation shares were helped by perky income from U.S. hey tech mammoths while the euro drifted almost three-month low against the dollar after the European Central Bank broadened its boost, Reuters revealed. 

Japan's Nikkei increased 0.6% while South Korea's Kospi rose 0.2% and Australian offers rose 0.2%. MSCI's broadest file of Asia-Pacific offers outside Japan was level in dollar terms. 

Head administrator Datuk Seri Najib Tun Razak will table the Budget 2018 recommendations in Parliament at 3.30pm. He has expressed the nation's economy is relied upon to develop over 5% this year and the financial shortfall will be beneath 3% one year from now. 

Tenaga rose to a record-breaking high of RM14.98. It was up 48 sen ton RM14.82 while its call warrants C35 hopped seven sen to 16.5 sen. 

Poly Glass Fiber surged 24 sen to 62.5 sen, Eon Credit added 14 sen to RM13.88, Press Metal and Pos seven sen each to RM4.22 and RM5.34. 

Glove producers likewise exchanged higher with Top Glove up 19 sen to RM6.59 and Hartalega eight sen up to RM7.71. 

Globetronics crawled up five sen to RM6.30. 

Nonetheless, Petronas Gas was 18 sen bring down at RM17.90, KLK and Nylex six sen bring down at RM24.46 and 96 sen. 

Settle fell 60 sen to RM86 and BAT expanded its decay by six sen to RM40.72.

KLSE Hot Stocks for Malaysian Traders-

• POLY
• THHEAVY
• WONG
• SCOMI
• ALAM

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KLCI slides early Friday

KUALA LUMPUR: Bursa Malaysia and key Asian markets fell early Friday as financial specialists developed more stressed after US President Donald Trump cautioned North Korea again not to strike Guam or US partners. 

At 9.45am, the FBM KLCI fell 7.71 focuses or 0.43% to 1,770.06. Turnover was 376.49 million offers esteemed at RM203mil. Decliners pounded advancers more than 11 to one or 571 failures to 49 gainers and 209 counters unaltered. 

The ringgit fell 0.05% to the US dollar at 4.292. 

Ringgit 4.292 4.29 - 0.05 

Reuters revealed South Korean offers tumbled to a 11-week low on Friday and the won broadened the current week's slide. 

Trump said on Thursday that risk not long ago to release "fire and fierceness" on Pyongyang in the event that it propelled an assault might not have been sufficiently intense, activating crisp offering in worldwide monetary markets. 

Hong Leong Investment Bank (HLIB) Research said it believes that Wall Street is probably going to slant bring down after the current selloffs and the current playful profit could have been completely evaluated into the business sectors. 

"Consequently, the upside of the Dow will be visualized around 22,200 and the following quick help after the infringement of 22,000 will be seen around 21,700," it said. 

"Thus, with the negative execution on the overnight Wall Street, combined with the curbed conclusions over the previous week, stocks on the nearby front may get destroyed and declined additionally following the selloffs yesterday. 

"The KLCI may incline bring down towards 1,770. Ought to there be an infringement beneath 1,770, next help will be set around 1,760," it said. 

Refiners were among the best failures as financial specialists kept on bringing benefit with Petron down 34 sen to RM8.53 and Hengyuan losing 22 sen to RM7.55. 

MPI fell the most, down 50 sen to RM12.70 while KESM was down 34 sen to RM13.64. 

Among the purchaser stocks, F&N and Dutch Lady lost 38 sen each to RM24.40 and RM58.82 with only 100 offers accomplished for each counters while Ajinomoto lost 22 sen to RM25.94 on rising volume of 20,500 offers exchanged. 

Petronas Dagangan rose 38 sen to RM24.36, Hong Leong Bank eight sen higher at RM15.76 and Geshen four sen up at RM2.18.

Today's Hot Stocks For Traders/Investors 

1. NETX

2. NETX-WB

3. TALAMT

4. HSI-H2I

5. KINSTEL

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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/

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Bursa Malaysia erased its earlier gains at mid-morning

KUALA LUMPUR: - Bursa Malaysia deleted its before picks up at mid-morning hosed by frail purchasing energy particularly for bluechips. 

At 11.02am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 6.43 focuses bring down at 1,773.02 from Friday's end of 1,779.45.

Misfortunes in Genting and IHH Healthcare dragged the composite record around 2.679 focuses. 

Genting lost 14 sen to RM5.69 while IHH Healthcare facilitated six sen to RM5.89.

On the more extensive market, washouts drove gainers 359 to 284, with 870 counters unaltered, 1,812 counters untraded and 59 others suspended.

Turnover remained at 515.87 million offers worth RM487.59 million.

A merchant said the overnight Wall Street advertise, which shut lower as the US Senate deferred the human services vote, by one means or another impacted slant in the neighborhood showcase.

The FBM Emas Index lost 21.71 focuses to 12,626.72, FBMT100 Index fell 23.95 focuses to 12,265.45 and the FBM Emas Shariah Index trimmed 17.13 focuses to 12,813.89.

Be that as it may, the FBM 70 chalked up 48.08 focuses to 14,982.86 while the FBM Ace increased 3.75 focuses to 6,283.2.

Division astute, the Finance Index contracted 13.85 focuses to 16,829.98, Industrial Index expanded 12.77 focuses to 3,285.32 however the Plantation Index fell 26.04 focuses to 7,904.2.

Of actives, Tiger Synergy slipped a large portion of a-sen to six sen while both Dagang Nexchange and Sapura Energy shed one sen each to 58.5 sen and RM1.56, separately.

Nexgram, in any case, was level at 4.5 sen yet IRIS Corp added one sen to 18 sen.

Among heavyweights, Maybank rose three sen to RM9.63 and Sime Darby increased two sen to RM9.63.

TNB lost six sen to RM14.10, Public Bank fell eight sen to RM20.30while both CIMB and Petronas Chemicals shed four sen each to RM6.64 and RM7.11 individually.

Hong Leong Bank drove the rundown of top gainers in stowing 36 sen to RM15.90 while best washout, BAT, fell 24 sen to RM43.76.

Hot Stock For KLSE Traders 

1. MJPERAK
2. SIGGAS
3. DRBHCOM
4. IRIS
5. COMFORT

Reference: http://www.mmfsolutions.my/blog/stocks-market-today/

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Bursa Malaysia remained lower at mid-morning

KUALA LUMPUR: - Bursa Malaysia remained bring down at mid-morning on lukewarm interest for blue chips.

The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI):

facilitated 3.82 focuses to 1,774.33 as at 11.02 am subsequent to opening 1.59 focuses better at 1,779.74.

On the more extensive market, failures drove gainers 302 to 344, while 413 counters were unaltered, 701 untraded and 32 others suspended.

Turnover remained at 1.05 billion offers worth RM674.63 million.

Hong Leong said the FBM KLCI surged over the 1,780 focuses level, yet this was fleeting as offering weight developed from that point.

"With no new impetus in the business sectors, we opine that the US securities exchanges are probably going to be topped along the 21,000-21,178 levels on the Dow.

"Thus, on the nearby front, given the careful and flattish execution on the overnight Dow, the FBM KLCI may slant sideways," it said in a note.

Additionally, benefit taking exercises are probably going to rise, which may abridge the upside on the key list around 1,780-1,790, it included.

For the heavyweights, Petronas Gas trimmed 52 sen to RM19.18, IOI Corp shed six sen to RM4.58, Hap Seng fell nine sen to RM8.83 and YTL declined two sen to RM1.51.

For the actives, Globaltec development crawled up a large portion of a-sen to six sen, while Netx, Luster and Jag each remain pegged at 7.5 sen, 14 sen and 15 sen individually.

The FBM Emas Index contracted 26.16 focuses to 12,711.88, the FBMT 100 Index diminished 26.57 focuses to 12,338.42, and the FBM Emas Shariah Index fell 17.81 focuses to 13,063.61. 

The FBM 70 was 32.96 focuses bring down at 15,312.08, while the FBM Ace livened 22.08 focuses to 6,514.40.

On a sectoral premise, the Industrial Index fell 24.04 focuses to 3,269.40, the Finance Index declined 12.54 focuses to 16,396.40 and the Plantation Index slid 35.52 focuses to 10,018.73. 

Reference: http://www.mmfsolutions.my/blog/financial-advisor-in-malaysia/

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Bursa Malaysia Markets : Bursa Malaysia opened higher today

KUALA LUMPUR: - Bursa Malaysia opened higher today, supported by the positive close in the Wall Street on Friday and more grounded unrefined petroleum costs. (Bursa Malaysia Markets)

At 9.06am (Bursa Malaysia Markets)

The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was up 1.45 focuses to 1,764.19 from Friday's end of 1,762.74.

The list opened 2.31 focuses firmer at 1,765.05 at 9 am.

On the more extensive market, gainers drove failures 215 to 100, while 216 counters stayed unaltered with 1,220 untraded and 26 others were suspended.

Turnover remained at 303.49 million shares worth RM100.31 million.

In a note today, Kenanga Research said the essential pattern of the fundamental list was still immovably positive as it at present remained over all its key basic moving normal (SMA) incline lines.

"We opine that the FBM KLCI is probably going to commence the week on a positive note where overhead resistance are found at 1,776 to 1,800, while underpins at 1,760 to 1,743. 

In the mean time, Hong Leong Investment Bank said in spite of the French decision closed with a positive result, speculators may remain sideways and mindful in exchanging the share trading system without clear points of interest on the Bandar Malaysia bargain. Bursa Malaysia Markets

"SUBSEQUENTLY, THE FBM KLCI'S UPSIDE MIGHT BE RESTRICTED AT AROUND 1,770 TO 1,780," IT SAID IN A NOTE.

Among heavyweights, Maybank rose five sen to RM9.35, Tenaga expanded two sen to RM13.92, Public Bank was six sen higher at RM20.06 however Sime Darby lost five sen to RM9.27.

IWC SHED 92 SEN TO RM2.16.

Of actives, Netx Holdings increased three sen to 10.5 sen, Globaltec Formation added one sen to eight sen, while AirAsia X was level at 50.5 sen.

The FBM Emas Index rose 9.45 focuses to 12,606.98, the FBMT100 Index was 15.25 focuses higher at 12,237.03, yet the FBM Emas Shariah Index crept down 3.40 focuses to 12,933.36. Bursa Malaysia Markets

The FBM 70 enhanced 38.21 focuses to 15,070.77 and the FBM Ace recuperated 41.40 focuses at 6,342.23.

Division savvy, the Plantation Index was 9.96 focuses weaker at 8,054.37 and the Industrial Index slipped 2.91 focuses to 3,231.76, however the Finance Index progressed 65.97 focuses to 16,304.05. 

Reference: http://www.mmfsolutions.my/blog/bursa-malaysia-markets/

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Best stocks trading signals - KLCI stages mild rebound on Friday

KUALA LUMPUR: Blue chips arranged a gentle bounce back on Friday after the benefit taking by nearby organizations the earlier day (best stocks trading signals) while Ekovest figured out how to squeeze out a few increases after it guaranteed financial specialists the essentials were strong.

At 10.30am (best stocks trading signals)

The KLCI was up 2.91 focuses or 0.17% to 1,761.58. Turnover was 875.59 million shares esteemed at RM470.55mil. There were 446 gainers, 191 washouts and 340 counters unaltered.

The ringgit debilitated against the US dollar, sliding 0.17% to 4.334 from 4.326 yet year-to-date, it was up 3.48% to 4.334 from 4.4845.

Asian stocks declined for a third sequential day on Friday as crisp falls in products raised worries about the soundness of the worldwide economy, however the euro kicked the expansive shortcoming on subsiding worries about France's presidential decision, Reuters revealed.

MSCI's broadest record of Asia-Pacific shares outside Japan fell 0.4 percent on Friday and was exchanging at its most reduced level since April 25.

Oil costs were marooned almost five months lows on Friday after a close to 5 percent fall in the past session on worries over rising U.S. supply, wiping out the greater part of the value picks up since OPEC's turn to check yield, Reuters said.

Tumbling costs would likely compel OPEC individuals to augment creation cuts not long from now, yet the prospect for more profound cuts seemed thin, experts said. Best stocks trading signals

Brent unrefined prospects crept up three pennies at US$48.41 per barrel while US West Texas Intermediate (WTI) raw petroleum fates increased one penny to US$45.53.

At Bursa,

Ekovest added eight sen to RM1.25 with almost 50 million shares done in the wake of hitting limmit-down early Thursday.

MPI was the top gainer, up 48 sen to RM12.58, SAM Engineering picked up 23 sen to RM6.74 while JHM added 15 sen to RM4.52. KESM shed six sen to RM12.66.

Low profile ECM Libra hopped 22 sen to 62.5 sen after it reported its proposed securing.

With respect to purchaser stocks,

Nestle acded 20 sen to RM82.40 while BAT and Ajinomoto picked up 14 sen to RM45.54 and RM18.50 yet Dutch Lady fell eight sen to RM58.70 . MSM added 16 sen to RM4.60 in thin exchange.

Tan Chong fell five sen to RM1.85 after it posted a more extensive center net misfortune on a year-on-year premise in 1Q17 because of frail deals execution and the outcomes missed the mark concerning both CIMB Equities Research and accord desires.

TCM additionally recorded a successively bigger center net misfortune at RM31.4mil in 1Q17 versus RM1.2mil in 4Q16 due to on-going edge pressure from forex unpredictability and lower deals.

Reference: http://www.mmfsolutions.my/blog/best-stocks-trading-signals/

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KLCI wavers early Wednesday on geopolitical worries, firmer oil prices to support

KUALA LUMPUR: Blue chips faltered early Wednesday, following the careful key Asian markets on geopolitical stresses yet experts expected the firmer unrefined petroleum costs to give some support to oil and gas stocks. 

Exchanging volume was high with more than 700 million shares done in the principal hour, most likely surpassing the one billion stamp inside the main hour on overwhelming exchanging volumes of lower liners and penny stocks once more. 

At 9.30am, the FBM KLCI was simply up 0.04 of an indicate 1,735.88. Turnover was 705.02 million shares esteemed at RM161.84mil. There were 249 gainers, 199 washouts and 302 counters unaltered. 

Reuters detailed Japanese stocks fell over 1% to their most minimal level in more than four-months on Wednesday morning as rising geopolitical strains controlled hazard hunger, while exporters dropped after the yen spiked to a five-month high. 

The Nikkei 225 share normal tumbled 1.3% to 18,504.81 in midmorning exchange, the most minimal since Dec. 7. 

Hong Leong Investment Bank (HLIB) Research said the Dow may keep on being secured a range bound combination mode inside 20,400 to 21,000 levels as speculators refocus on the 1Q17 profit detailing season and geopolitical issues. Actually, there are early indications of gentle recuperation, it included. 

"In a state of harmony with the outer nerves and absence of new stimulus, we foresee that our nearby market to encounter a sound union further with key backings at 1,705-1,720 after late bullish rally from Nov 16. 

"Despite the fact that unpredictability remains, horribly oversold moderate stochastic pointer and firmer oil cost may pad any substantial offer down. We foresee exchanging enthusiasm to get inside oil and gas segment," HLIB Research said. 

On Tuesday, remote assets kept on being net purchasers however at a slower pace of RM63.2mil while neighborhood organizations and retailers were net merchants at RM37.3mil and RM25.9mil. 

In the interim, Reuters revealed oil costs ascended on Wednesday, putting unrefined prospects on track for their longest dash of increases since August 2016, as Saudi Arabia was accounted for to hall OPEC and different makers to expand a creation cut past the main portion of 2017. 

Brent rough fates rose 17 pennies to US$56.40 per barrel while US West Texas Intermediate (WTI) unrefined prospects were up 16 pennies at US$53.56. 

BAT was the top gainer, up 36 sen to RM46.48 with 1,300 shares done. Bursa Malaysia rose 10 sen to RM9.65 while Telekom added seven sen to RM6.42. 

Time dotCom added 10 sen to RM8.80 with 200 shares done, Hai-O nine sen to RM3.97, Turbo and Batu Kawan added eight sen each to 92 sen and RM19.38. 

Glove creator Hartalega increased seven sen to RM4.95 and Lafarge six sen higher at RM6.72. 

MUI Industries fell two sen to 26 sen on benefit bringing with 70.3 million shares done. 

HWGB, Hubline and PUC saw overwhelming exchange while joining the shred were Sersol and AsiaPac. 

Ajinomoto fell 24 sen RM17.50, Dutch Lady 12 sen to RM56.50, Cocoland four sen to RM2.57 and Carlsberg additionally four sen bring down at RM14.96. 

UMW fell 10 sen to RM5.95 and Sarawak Oil Palms eight sen bring down at RM3.47. Goodway kept on going under some offering weight, sliding 3.5 sen to 32.5 sen with 3.2 million shares done. 

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Rising geopolitical worries weigh on KLCI, key Asian markets

KUALA LUMPUR: Key Asian markets and Bursa Malaysia fell at late morning on Tuesday on rising geopolitical stresses while the weaker-than-anticipated mechanical yield information likewise weighed on financial specialists supposition. 

Exchanging volume had hopped to almost one billion in the primary hour of exchange, driven by penny stocks and lower liners like Priceworth, MUI Industries, DneX, Vivocom and Maroc. However towadrs late morning, the stirring had backed off to some degree yet exchanging was still overwhelming. 

At noontime, the KLCI was down 5.15 focuses or 0.38% to 1,734.37. Turnover was 2.28 billion shares esteemed at RM981.21mil. The more extensive market was wary as washouts beat gainers 486 to 323 and 368 counters were unaltered. 

The ringgit ascended against the US and Singapore monetary forms. It rose to 4.4350 against the US dollar from 4.4360 the earlier day, it edged up against the Singapore unit at 3.1551 from 3.1553. It slipped against the pound sterling at 5.5091 from 5.5028 and was level versus the Euro at 4.6964. 

Reuters revealed stocks in Hong Kong and China fell on Tuesday morning as speculators' hunger for dangerous resources soured on worries over political strains in North Korea and the Middle East. 

Hong Kong's Hang Seng list was down 0.9% toward the finish of the morning session, at 24,054.39, while the Hong Kong China Enterprises Index lost 1.1%, to 10,136.96. 

At Bursa Malaysia, the debilitating unrefined palm oil (CPO) weighed on manors. CPO for third months was unaltered at a six-month low of RM2,593 per ton, weighed by higher yield and lower request. 

IOI Corp lost nine sen to RM4.50 and eradicated 0.95 of a point, PPB Group fell 10 sen to RM16.54, Sime Darby was down six sen to RM9.28 and wiped out 0.67 of a point and KL Kepong fell two sen to RM24.44. 

Among the buyer stocks, Ajinomoto fell 38 sen to RM17.62 and Nestle lost 18 sen to RM79.82 while BAT shed 10 sen to RM46.10. 

Among the money related stocks and banks, HLFG fell 24 sen to RM16.16, Hong Leong Bank eight sen to RM13.58, AmBank four sen to RM4.86, RHB Bank three sen to RM5.21 and Public Bank two sen bring down at RM19.96 while CIMB one sen bring down at RM5.46, Maybank was level at RM8.99. 

Concerning telcos, Axiata fell five sen to RM5.05, Digi two sen to RM5.08, Maxis rose two sen to RM6.36 and Telekom one sen higher at RM6.34. 

DneX was among the dynamic stocks, up 1.5 sen to 47.5 sen with 51.11 million shares done. Its warrants, DneX-WD added 1.5 sen to 30 sen with 98.84 million units exchanged. 

MUI Industries was effectively exchanged with 102.62 million shares done, up 3.5 sen to 22.5 sen. 

Priceworth was the most dynamic with 122.19 million shares done, climbing 4.5 sen to 24.5 sen. 

REV was the top gainer, up 17 sen to RM1.09 while HCK added 15 sen to RM5.19, Perstima 10 sen higher at RM7.70 and Padini nine sen up at RM3.03. 

Spot gold value rose US$1.74 to US$1,256.42.

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KLCI climbs early Monday, Petronas Gas leads, Ringgit dips

KUALA LUMPUR: Blue chips shook off their initial wavering on Monday, with Petronas Gas driving the gainers, regardless of a decrease in oil costs and the Ringgit slipped against the US dollar. 

At 10am, the FBM KLCI was up 3.11 focuses or 0.18% to 1,711.49. Turnover was 817.95 million shares esteemed at RM296.53mil. There were 334 gainers, 237 washouts and 323 counters unaltered. 

Reuters announced oil costs slipped in Asian exchange on Monday, wiping out a portion of the additions of the past session in the midst of progressing worry over Russia's consistence with a worldwide arrangement to cut oil yield. 

Figures discharged a week ago demonstrated Russia's February oil yield was unaltered from January at 11.11 million barrels for every day (bpd). 

US rough fates fell 19 pennies to US$53.14 a barrel while Brent unrefined prospects dropped 13 pennies, to US$55.77. 

The Ringgit slipped 0.06% against the US dollar to 4.455 from the past close of 4.452. 

Maybank Investment Bank Research said regardless of the minor difficulty last Friday, where the KLCI shut down 7.29 focuses to 1,708.38 on the back of benefit taking exercises, the KLCI is still skilled to test its past high as ebb and flow energy stays solid. 

"We anticipate that KLCI will exchange inside the scope of 1,704 to 1,720 in the close term. Drawback hazard is pegged at 1,700 and 1,690," it said. 

Petronas Gas rose 20 sen to RM20 while SAM Engineering climbed 17 sen to RM5.91 and MPI 16 sen higher at RM9.94. JHM proceeded with its rally, up 12 sen to RM2.85, Mudajaya added nine sen to 91 sen and BAT eight sen higher at RM48.24. 

Nonetheless, Petronas Dagangan fell 24 sen toRM24.56, Nestle 18 sen bring down at RM76.02, Magni-Tech was down 12 sen to RM5.08 and Bursa lost 11 sen to RM8.98. Scientex lost nine sen to RM7.45.

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Breakfast briefing

MarketWrap: European stocks ascended on Monday, with increases in telecoms and banks balancing a major fall in Unilever, while instability over political advancements and the planning of a US loan cost climb held the dollar in line. US markets were shut for the Presidents Day occasion, and this limited movement in Europe and Asia. - Reuters 

Vitality 

Oil costs crept higher on Monday, as speculator positive thinking over the viability of maker cuts empowered record wagers on a managed rally, albeit developing US yield and adamantly high stockpiles held value picks up under wraps. Brent prospects LCOc1 finished the session up 0.7% at US$56.18 a barrel. - Reuters 

Forex outline 

*The ringgit at 4.4605 for each US$ 

*It increases 0.33% to 4.7202 versus euro 

*Flat 5.5537 for each pound sterling 

*Up 0.22% to 3.1379 for each Singapore dollar 

*0.09% lower to 3.4236 for each Aussie 

*0.33% higher at 3.9292 for every 100 yen

Our recommendation for KLSE investors

1. BJCORP
2. AAX
3. AIRASIA
4. DNEX
5. VIVOCOM

KLSE INTRADAY SIGNALS: BUY DNEX AT 0.400 TARGET 0.415, 0.430 SL 0.380 

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Samsung chief Lee arrested Friday in corruption investigation

Samsung Group boss Jay Y. Lee was captured at an early stage Friday over his charged part in a defilement embarrassment that drove parliament to impugn President Park Geun-hye, in a hit to the world's greatest producer of cell phones. 

The 48-year-old Lee, bad habit administrator of Samsung Electronics Co Ltd, was arrested at the Seoul Detention Center, where he had anticipated the court's choice after a day-since quite a while ago shut entryway hearing that finished on Thursday evening. 

The judge's choice was reported at around 5:30 a.m. (2030 GMT) on Friday, over 10 hours after Lee, the aggregate's third-era pioneer, had left the court. 

A similar court dismisses a demand from prosecutors a month ago to capture Lee. On Tuesday, the unique prosecutor's office had asked for a warrant to capture him and another official, Samsung Electronics president Park Sang-jin, on renumeration and different charges.

Our recommendation for KLSE investor 

1. DNEX
2. YGF
3. JAG
4. ASIABIO
5. AIRASIA

KLSE INTRADAY SIGNALS: BUY AIRASIA AT 2.60 TARGET 2.70, 2.80 SL 2.48

More current updates check here:

Stock market 2017 predictions, Stock market today, Stock market Malaysia, Bursa Malaysia stock market, Bursa Malaysia stock market price, Bursa Malaysia index

 

Firmer start for Bursa, Genting leads while ringgit flat

KUALA LUMPUR: Bursa Malaysia chalked up some gentle picks up on Wednesday, with Genting Bhd and Petronas Gas leading the pack, while the ringgit was level against the US dollar. 

At 10.31am, the KLCI was up 1.81 focuses or 0.11% to 1,710.71.Turnover was 688.03 million shares esteemed at RM486.83mil. There were 369 gainers, 264 washouts and 347 counters unaltered. 

Reuters revealed Japanese stocks ascended on Wednesday morning as the dollar bounced after US Federal Reserve Chair Janet Yellen implied at a loan cost climb one month from now, with money related stocks outflanking on higher yields. The Nikkei increased 1.2% to 19,459.62 in midmorning exchange. 

The ringgit was unaltered at 4.4480 against the US dollar. 

US rough was down 0.3% at US$53.07 a barrel. Rough as of now went under weight the earlier day on confirmation of surging US stockpiles, the wire report said. 

Kenanga Investment Bank said it didn't rebate the likelihood of the KLCI taking a solid breather before continuing its uptrend direction. 

"Prompt upside resistance stays topped at 1,729 (R1) trailed by 1,744 (R2) next. Bolster levels are attached to 1,700 (S1) and 1,680 (S2)," it said. 

BAT rose 50 sen to RM48.50,UMW added 16 sen to RM5.75, Petronas Gas and KESM 12 sen higher to RM20.72 and RM9.65 while Genting added 11 sen to RM8.72. 

UEM Sunrise rose two sen to RM1.19 and Alam Maritim 2.5 sen in dynamic exchange. KFM rose 5.5 sen to 24 sen after it was given more opportunity to regularize its money related condition. 

HLFG fell 24 sen to RM15.26, KLK 14 sen to RM24.96 and Petron 13 sen bring down at RM4.97.

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