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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Best Power Plant equities on Bursa Malaysia!

What is the best best best power plant stocks in Bursa Malaysia?"

The top 5 power plant stocks on Bursa is

1. MALAKOF (5264) - Very very low price, very very low PE, very very high dividend yield, very very low risk

2. TENAGA (5347) - Very very low PE, very very high dividend yield, very very very very very low risk

3. MFCB (3069) - Very very low PE, very very high dividend yield, very very low risk

4. RANHILL (5272) - Very very low PE, very very low price, very very low risk

5. KNM (7164) - Very very low price, very very low risk

Reference: http://www.mmfsolutions.my/blog/daily-stock-pick/

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The FBM KLCI wavered early Wednesday

KUALA LUMPUR: The FBM KLCI faltered early Wednesday as financial specialists remained on the sidelines after key Asian markets and Wall Street shut weaker overnight on geopolitical stresses on the Korean Peninsula.

At 9.13am,

The FBM KLCI was simply up 0.02 point to 1,769.65. Turnover was 216.17 million offers esteemed at RM52.10mil. There were 91 gainers, 175 failures and 231 counters unaltered.

Bloomberg revealed the ringgit rose to a nine-month high after the US dollar slid on bring down Treasury yields and oil costs energized overnight.

The US$/Ringgit declined 0.3% to 4.2485;

Most reduced since Nov 10. Bloomberg said the backings were 4.2550, 4.2505, 4.2242 and resistance 4.3022, 4.3055, 4.3085.

The US dollar was on edge with strains in the Korean Peninsula hinting at small subsiding, Reuters detailed.

MSCI's broadest file of Asia-Pacific offers outside Japan plunged 0.15%. Japan's Nikkei shed 0.55% and Australian stocks lost 0.3%. South Korea's KOSPI was down 0.2% and on track for its fifth straight day of misfortunes.

Kenanga Investment Bank Research said with exchanging volume staying lifted for a moment day and key pointers radiating blended readings, it anticipates that the KLCI will stay rough in the near future with a nonattendance of clear market heading.

"Any shortcoming towards the 1,764 (S1) be that as it may,

is probably going to see some deal chasing. In any case, a break underneath 1,750 would be exceptionally negative, a flag of bearish pattern inversion.

"On the other hand, resistance levels can be found at 1,783 (R1), and higher up at 1,789 (R2)," it said.

At Bursa, Nestle rose 90 sen to RM85, Panasonic added 62 sen to RM37.90, KLCC added nine sen to RM7.88.

Petron increased seven sen to RM9.24, Hartalega and Sarawak Oil Palm added five sen to RM6.82 and RM3.78.

Sino Hu-Ann slipped one sen to 20 sen with 21.9 million offers done after its current winning streak because of the pivot in its money related outcomes.

Hong Leong Bank lost 10 sen tpo RM15.36, MPI eight sen bring down at RM13.70, KL Kepong six sen bring down at RM24.50 while likewise down six sen was CN Asia to 51 sen.

LATEST HOT STOCKS FOR TRADERS/INVESTORS 

1. GOB
2. SANICHI
3. VIZIONE
4. LIONIND
5. ESAFE

Reference: http://www.mmfsolutions.my/blog/daily-stock-pick/

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Bursa Malaysia closes on firm note

KUALA LUMPUR: Genting Malaysia, IHH Healthcare and Petronas Chemicals (PetChem) supported the FBM KLCI firm execution on Monday following key Asian markets. 

At 5pm, the 30-stock list shut down at 1,771.15, up 4.12 focuses. The market exchanged inside a scope of 6.19 focuses between an intra-day high of 1,772.56 and a low of 1,766.37 amid the session. The neighborhood bourse opened 0.45 of-a-point less demanding at 1,766.50 early today. 

In the more extensive market, there were 506 stocks progressing against 316 stocks declining while 384 counters unaltered. Around 1.52 billion offers, esteemed at RM1.69bil, changed hands. 

Securities exchange information demonstrated remote assets were net purchasers at RM60.28mil. Nearby organizations and retailers were net merchants at RM41.16mil and RM19.12mil individually. 

On Bursa Malaysia, KESM was the best gainer, up RM1.18 to RM15, Malaysian Pacific Industry rose 36 sen to RM13.12 while Lotte Chemical Titan Holding added 34 sen to RM4.70. 

Top washouts on Bursa Malaysia included United Plantations, which fell 28 sen to RM28 while Hengyuan declined 21 sen to RM7.50. 

Genting Malaysia was one the mover among the KLCI stocks, pushing the record up 1.8693 focuses. It shut 19 higher at RM6. IHH Healthcare and PetChem added nine sen each to RM6 and RM7.11 separately. 

Reuters announced that oil costs plunged on Monday as a log jam in Chinese refining action development cast questions over its rough request standpoint, while rising U.S. shale yield proposed supplies would likely stay high. 

Universal benchmark Brent raw petroleum costs were exchanging at US$51.92 per barrel, down 18 pennies. 

US West Texas Intermediate (WTI) rough was down 12 pennies at US$48.70 a barrel. 

Somewhere else in the area, most Asian markets were exchanging green. The CSI300 file rose 1.3%, to 3,694.68, while the Shanghai Composite Index increased 0.9% to 3,237.36 focuses while the Hang Seng list rose 1.4% to 27,250.23 focuses. 

The Nikkei finished 1% bring down at 19,537.10, the most reduced shutting level since May 2. The South Korean's KOSPI quit for the day at 2,334.22 focuses. 

In the interim, European offers appreciated an alleviation rally on Monday after geopolitical pressure had sent them to their most noticeably awful week by week misfortunes of the year. 

The container European STOXX 600 rose 0.7% while euro zone stocks and blue-chips bounced 0.9%. London's FTSE 100 rose 0.51% to 7,347.43 focuses, France's CAC 40 increased 0.85% to 5,104.01 while Germany's DAX climbed 1.02% to 12,136.47.

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Malaysia’s exports of rubber gloves in the first half of 2017

PUTRAJAYA: Malaysia's fares of elastic gloves in the main portion of 2017 expanded 25% to RM7.95bil contrasted with RM5.28bil in a similar period a year ago, Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong said. 

Talking at a meeting with pioneers from the elastic business, he stated: "The high fare development in the initial a half year of 2017 flagged that the elastic glove part is on track to record an extraordinary new high in trade offers of RM16bil for the entire year of 2017. 

"This speaks to an expansion of 20% contrasted with RM13.28bil recorded for the entire of 2016." 

Elastic gloves have been the biggest supporter of the Malaysian elastic items industry. The fare offers of elastic gloves represented more than 70% of the aggregate fares of elastic items, adding up to RM11.4bil for the initial a half year of 2017. 

Mah trusts the neighborhood business is on track to secure no less than 65% offer of worldwide elastic glove trades by 2020. 

This is given that the business is extending its creation limit and enhancing producing procedures to take care of developing demand for higher quality restorative gloves in major developing markets. 

The Ministry of Plantation Industries and Commodities and the Malaysian Rubber Export Promotion Council expects world interest for elastic gloves to increment from 211 billion pieces in 2016 to 287 billion pieces by 2020.

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Breakfast briefing

MarketWatch: Stocks finished minimal changed on Wall Street on Thursday as an arrangement amongst Sears and Amazon weighed on home change retailers while picks up in Microsoft helped float the Nasdaq. The DJIA fell 28.97 focuses, or 0.13%, to close at 21,611.78, the S&P 500 lost 0.38 point, or 0.02%, to 2,473.45 and the Nasdaq included 4.96 focuses, or 0.08%, to 6,390.00. - Reuters 

Vitality 

Oil settled lower on Thursday in uneven exchanging, as pestering stresses over bounteous worldwide rough supplies sank costs after an early rally supported Brent above US$50 per barrel interestingly since June 7. Brent prospects settled at US$49.30 a barrel, down 40 pennies, or 0.8%. - Reuters 

Forex outline 

*The ringgit increased 0.08% to 4.2875 versus the US$ 

*It was down 1.03% to 4.9882 versus euro 

*Up 0.34% to 5.5603 for each pound sterling 

*Down 0.20% to 3.1377 for each Singapore dollar 

*Down 0.21% to 3.4017 for every Aussie 

*Up 0.05% to 3.832 for every 100 yen 

Top outside stories 

Microsoft benefit beats desires on solid cloud request: Microsoft Corp revealed superior to anything expected quarterly benefit and income on Thursday, helped by solid execution in its quickly developing cloud business. Microsoft's net wage dramatically increased to US$6.51 billion or 83 pennies for every offer in the quarter, from US$3.12 billion or 39 pennies for each offer in the year-prior period. Barring one-time things, Microsoft earned 98 pennies for each offer. On a balanced premise, income rose 9.1% to US$24.7 billion. - Reuters 

Stomach muscle Inbev to purchase sodas firm Hiball: The world's biggest brewer Anheuser Busch InBev said on Thursday it was getting Hiball, a San Francisco-based maker of caffeinated beverages and proprietor of the Alta Palla brand of natural shimmering juices and shining waters. - Reuters 

Apollo gets ready 2018 IPO for ADT Corp: Private value firm Apollo Global Management LLC is get ready to take US security organization ADT Corp open at a US$15 billion or more valuation, a little more than a year subsequent to getting it, sources comfortable with the circumstance said on Thursday. - Reuters 

Snap under weight as Wall Street eyes share bolt up terminations: A potential surge of recently accessible Snap shares is weighing on Wall Street's as of now temperamental help for the proprietor of the Snapchat online networking application. Snap shares fell as much as 1.7% on Thursday as experts concentrated on the expiry of bolt up periods beginning toward the finish of July, when insiders and representatives will be permitted to offer offers surprisingly since a US$3.4 billion introductory open offer in March. - Reuters 

Top neighborhood stories 

Nam Cheong to incidentally stop all obligation reimbursements: Nam Cheong Group Bhd reported it would briefly stop reimbursements on every one of its borrowings, pending a rebuilding of its obligations. The Sarawak-based and Singapore-recorded organization had extraordinary obligations of some RM1.84bil as of its most recent revealed first quarter finished March 31. - StarBiz 

Khairil to expect obligations of president, CEO at FGV: Felda Global Ventures Holdings Bhd (FGV) has designated Datuk Khairil Anuar Aziz as the officer-in-control to rudder the obligations and duties of the organization's gathering president and CEO. - StarBiz 

Outside safety net providers take a gander at RM8.58b bargains: Overseas guarantors including Prudential Plc are seeking after plans to offer stakes in their Malaysian units, in bargains that could raise no less than a consolidated US$2bil (RM8.58bil) and enable them to conform to remote possession limits, individuals with knowl-edge of the issue said. - Bloomberg 

Bina Darulaman uncovers RM2.6b township extends in Kedah: Bina Darulaman Bhd has propelled two incorporated township extends in Jitra and Sungai Petani, Kedah, with a joined gross improvement esteem (GDV) evaluated at RM2.6bil. - StarBiz 

Khazanah offers CIMB shares: Khazanah Nasional Bhd has sold 90.5 million offers or 1% of the offer capital of CIMB Group Holdings Bhd at RM6.31 each. Khazanah picked up RM571mil from the deal. - StarBiz 

Maxis second-quarter income rise 17.6%: Maxis Bhd's net benefit for the second quarter rose 17.62% year-on-year to RM574mil on more grounded paid ahead of time and postpaid income commitments Revenue likewise developed by 3.33% to RM2.17bil. - StarBiz 

Westports benefit down on bring down holder throughput: Westports Holdings Bhd's net benefit for the second quarter fell by 7% to RM148.82mil because of lower compartment throughput from basic changes in the more extensive industry. Income dropped to RM501.44mil from RM522.63mil a year prior. - StarBiz 

Aspen dispatches IPO in Singapore: George Town-based property engineer Aspen Group a has propelled a first sale of stock on Singapore's Catalist board. The organization will offer 173.3 million offers valued at 23 Singapore pennies each to raise net continues of S$36.72mil. - StarBiz 

PTP records RM32mil suit over oil slick: Pelabuhan Tanjung Pelepas Sdn Bhd (PTP) has documented a suit against Rising Star Shipping Sdn Bhd and Shipowners' Mutual Protection and Indemnity Association (Luxembourg) Singapore branch, looking for RM31.86mil in addition to enthusiasm for misfortunes because of an oil slick in August a year ago. - StarBiz 

Sinmah designs 5-for-2 rights issue: Sinmah Capital Bhd is proposing a five-for-2 renounceable rights issue with free separable warrants, trying to raise in any event RM15.27mil for a property advancement extend in Melaka. - StarBiz 

Johari: Budget 2018 to goad innovation segment: Budget 2018 will accentuate on the need to give assess motivations that emphasis on the advancement of the fourth modern insurgency (Industry 4.0). Second Finance Minister Datuk Johari Abdul Ghani said this would be in accordance with the Government's push to advance high-innovation businesses and limit reliance on labor. - StarBiz 

Takaful Malaysia posts somewhat higher Q2 benefit: Syarikat Takaful Malaysia Bhd posted a possibly higher pre-charge benefit of RM59mil in the second quarter from RM58mil a year prior. Income expanded to RM485.3mil from RM462mil already. - StarBiz 

Mah Sing reveals M Vertica deals exhibition: Property engineer Mah Sing Group Bhd formally propelled its M Vertica deals display in Cheras, for its 11.25-section of land M Vertica skyscraper private suites. - StarBiz 

Inspirational standpoint for development division: Maybank Investment Bank Research, which is keeping up a "positive" approach the development part, expects more development employments in the second 50% of 2017 and into one year from now. The exploration house said development organizations with solid request books would profit the most as foundation ventures get. - StarBiz

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KLCI ekes out slight gains early Thursday

KUALA LUMPUR: The FBM KLCI safeguarded its increases at mid-morning today in accordance with the uptrend at most provincial markets, lifted by select blue chips. 

At 10.04am , the FBM KLCI was up 2.33 focuses to 1,759.57.

The best gainers included Nestle (M) Bhd, Ajinomoto (M) Bhd, ViTrox Corp Bhd, British American Tobacco (M) Bhd, Malaysian Pacific Industries Bhd, Malaysia Airports Holdings Bhd, Hong Leong Financial Group Bhd, Petronas Dagangan Bhd, Pentamaster Corp Bhd, Petron Malaysia Refining and Marketing Bhd and Genting Bhd.

The actives included Frontken Corportation Bhd, PUC Founder MSC Bhd, Pasukhas Group Bhd, Careplus Group Bhd, ManagePay Systems Bhd and UMW Oil and Gas Corp Bhd.

The failures included Axiata Group Bhd, KESM Industries Bhd, Lotte Chemical Titan Holding Bhd, BIMB Holdings Bhd, Heineken Malaysia Bhd and Astro Malaysia Holdings Bhd.

Asian offers scaled a two-year top on Thursday, as financial specialists bet strategy fixing in the United States would be cold, best case scenario, lifting Wall Street to record pinnacles and bringing down security yields all over the place, as per Reuters.

The star entertainer was the Canadian dollar, which soared to 11-month highs after the nation's national bank climbed rates without precedent for a long time and left the entryway completely open to additionally moves, Reuters said.

JF Apex Securities Research in a market review today said US markets mobilized overnight, with the Dow hopping to a record high after Federal Reserve Chair Janet Yellen's timid comments that the Fed will begin diminishing its US$4.5 trillion accounting report and any loan fee climb will be progressive.

It said European stocks had before taken off on Yellen's announcement and higher oil cost.

"On the neighborhood showcase, the FBM KLCI increased 2.21 focuses to 1757.24 focuses.

"Following the bullish execution in the US and Europe, the FBM KLCI could broaden its bounce back off the help level of 1755 focuses," the exploration house said.

Latest Hot stocks for Malaysian Traders/Investors

MLAB (Bursa: 0085): 0.350 +0.060 (+20.69%)

ORION (Bursa: 0079): 0.190 +0.030 (+18.75%)

NETX (Bursa: 0020): 0.045 +0.005 (+12.50%)

EDUSPEC-WA (Bursa: 0107WA): 0.080 +0.015 (+23.08%)

AHB-WB (Bursa: 7315WB): 0.240 +0.050 (+26.32%)

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

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GentingM weighs on KLCI early Monday

KUALA LUMPUR: Genting Malaysia weighed on the FBM KLCI early Monday on worries about its incorporated gaming resort in Massachusetts while Advancecon surged on its exchanging debut on the Main Market.

At 9.40am (Stocks to buy),

The KLCI was down 0.1% to 1,759.83. Turnover was 297.54 million offers esteemed at RM148.97mil. There were 213 gainers, 187 washouts and 222 counters unaltered.

Kenanga Investment Bank Research said at display,

The KLCI stays underneath its 50-day straightforward moving normal (SMA) while energy pointers are still in a bearish state.  

"Inclination stays to the drawback,

In spite of the fact that a conversion of help levels ought to be available between the 1,754 (S2) - 1,760 (S1) band. In the interim, (Stocks to buy) overhead resistance levels stay at 1,771 (R1) and 1,795 (R2) where venders are probably going to offer on quality," it said.

Asian stocks revived on Monday, lifted by Wall Street's solid execution before the end of last week, while the US dollar expanded additions made after considerably more grounded than anticipated June work information. 

MSCI's broadest list of Asia-Pacific offers outside Japan progressed 0.15% while Japan's Nikkei rose 0.5%. Australian stocks were up 0.4% and South Korea's Kospi included 0.2%. 

At Bursa, Advancecon hopped 17.5 sen to 80.5 sen with 77 million offers done.

Genting Malaysia fell four sen to RM5.62 with 440,000 offers done. It is attempting to recuperate its venture of US$347.4mil (RM1.49bil) in an incorporated gaming resort in Taunton, Massachusetts, US, which has been put on hold pending the determination of a legitimate case.

Customer stock Ajinomoto fell 28 sen to RM23.36 and Heineken lost 14 sen to RM18.06.

HCK and Petron Malaysia fell 11 sen to RM5.23 and RM7.63, Box Pax was down 10 sen to RM1.65, Pecca lost four sen to RM1.60 while Masteel additionally surrendered four sen to RM1. 

Petronas Gas picked up 20 sen to RM18.68, Lysaght added 12 sen to RM3.80 and Globetronics seven sen higher at RM6.07.

Glove producer Hartalega added nine sen to RM6.94 and Adventa seven send up to 78 sen.

For more update: http://www.mmfsolutions.my/blog/stocks-to-buy/

Bursa shows no clear direction at mid-day

KUALA LUMPUR: - Bursa Malaysia completed the morning session a touch higher on an absence of crisp leads, said a merchant. - Klse Stocks Pick 

At 12.30pm,

The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) finished 0.81 of-a-point higher at 1,789.70 from last Friday's 1,788.89.

The key file which opened 0.81 of-a-point higher at 1,789.7 moved in the vicinity of 1,786.95 and 1,793.01 all through the session.

General market expansiveness was negative as decliners outpaced gainers 473 to 324, while 342 counters were unaltered, 640 untraded and 29 others suspended.

Turnover remained at 1.11 billion offers worth RM1.06 million.

A merchant said purchasing enthusiasm for heavyweights kept the key list higher.

In the interim, Hong Leong Investment Bank (HLIB) said any upside to the FBM KLCI will be topped at around 1,790-1,800.

"We additionally expect the overheated semiconductor rally a week ago to perhaps grab a seat throughout the following couple of days taking after the selloff in tech stocks on Wall Street," it said in a note today.

For the heavyweights, Maybank enhanced one sen to RM9.58, TNB rose eight sen to RM14.48, Public Bank expanded two sen to RM20.40, Sime Darby increased one sen to RM9.60, CIMB acknowledged nine sen to RM6.72 and Petronas Chemicals fell two sen to RM7.18.

Effectively exchanged stocks included Priceworth International rising 3.5 sen to 27.5 sen, Asia Bioenergy crawling up a large portion of a-sen to 18.5 sen, FGV enhancing five sen to RM1.71 and Frontken declining one sen to 31 sen.

The FBM Emas Index was 6.92 focuses bring down at 12,757.77, the FBMT100 Index fell 5.56 focuses to 12,397.58, while the FBM Emas Shariah Index trimmed 15.46 focuses to 12,999.68.

The FBM 70 deteriorated 48.63 focuses to 15,207.19 and the FBM Ace was down 8.10 focuses to 6,374.13.

On a sectoral premise, the Finance Index stowed 46.52 focuses for 16,836.54, the Industrial Index shed 8.54 focuses to 3,295.22 and the Plantation Index extended 7.63 focuses to 7,944.07.

Latest Hot stocks for traders

1. MRCB-C15 (Bursa: 165115): 0.050 +0.005 (+11.11%)

2. IJACOBS (Bursa: 0162):  0.390 +0.060 (+18.18%)

3. MRCB-C14 (Bursa: 165114): 0.045 +0.005 (+12.50%)

4. ATTA-WB (Bursa: 7099WB): 0.610 +0.115 (+23.23%)

5. TENAGA-C35 (Bursa: 534735):  0.180 +0.030 (+20.00%)

6. FGV-C26 (Bursa: 522226): 0.040 +0.005 (+14.29%)

7. FGV-C27 (Bursa: 522227): 0.035 +0.005 (+16.67%)

Reference: http://www.mmfsolutions.my/blog/klse-stocks-pick/

KLCI stages mild pullback early Tuesday

KUALA LUMPUR: Blue chips organized a gentle pullback early Tuesday, snapping its two-day rally, as slant was hosed by pressures amongst Qatar and a few Arab nations and particularly the weaker overnight close on Wall Street. 

At 9.18am,

the KLCI was down 4.58 focuses or 0.26% to 1,783.37. Turnover was 250.81 million offers esteemed at RM114mil. There were 158 gainers, 178 washouts and 250 counters unaltered.

Gold held unfaltering early Tuesday,

floating near an over six-week high hit in the past session, on weaker Asian stocks and in the midst of decreased desires for forceful US rate climbs this year, Reuters revealed. 

Spot gold rose 0.1% to US$1,280.60 per ounce at 0105 GMT.

On Monday, it hit a pinnacle of $1,283.27 an ounce, its most elevated amount since April 21.

Hong Leong Investment Bank (HLIB) Research said showcase assessments may turn negative as unrefined petroleum costs had an unpredictable ride after the pressures uplifted in the amongst Qatar and few Arab countries.

Likewise, other key occasions that financial specialists would center will be the UK Elections and European Central Bank meeting this week.

"Nonetheless, purchasing assumptions on the neighborhood front could stay positive with the key file denoting a new year-to-date high.

"Notwithstanding the unrefined petroleum instability, we opine that the keeping money heavyweights may possibly lift the FBM KLCI to test the 1,800 level over the close term," said HLIB Research.

Petronas Gas fell the most, down 22 sen to RM19.22 with only 100 offers done. Serba Dinamik lost 14 sen to RM2.11 with 1.4 million offers done while Petronas Chemicals shed four sen to RM7.18.

PPB Group lost 12 sen to RM16.88, CIMB nine sen to RM6.66, Genting Malaysia six sen bring down at RM5.76 while Karex was down five sen to RM1.82.

Wang-Zheng added 14 sen to RM1.28, Hap Seng added 10 sen to RM9.32 and Kerjaya was up 10 sen likewise to RM9.32.

Among the innovation and chip stocks, JHM rose 25 sen to RM5.60, KESM added 14 sen to RM15 and Gllobetronics picked up 11 sen to RM5.91 and Pentamaster 10 sen higher at RM9.32.

Latest Hot Stocks for KLSE investors

1. KAREX-CW
2. INSAS-WB
3. IWCITY
4. MAYBANK
5. IRIS

Reference: http://www.mmfsolutions.my/blog/stocks-signal/

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The FBM KLCI is expected to trade range bound today

KUALA LUMPUR: The FBM KLCI is relied upon to exchange extend bound today, with exchanging movement kept between the 1,762 and 1,788 levels. 

Oil costs recuperated on Friday from a portion of the earlier day's lofty slide after financial specialist disillusionment that OPEC controls did not go sufficiently far, while Wall Street stocks squeezed out a seventh straight day of increases, as indicated by Reuters. 

U.S. security yields remained unfaltering and gold saw enormous picks up as a hazard off assumption and worries about political vulnerability grabbed hold, with spot gold ascending to its most astounding since May 1, it said. 

The Dow Jones Industrial Average fell 2.67 focuses, or 0.01 percent, to end the week at 21,080.28, the S&P 500 increased 0.75 point, or 0.03 percent, to 2,415.82 and the Nasdaq Composite included 4.94 focuses, or 0.08 percent, to 6,210.19, said Reuters. 

AllianceDBS Research in its night release last Friday said that hosed by the powerless very close in the previous day, the FBM KLCI had on May 26 exchanged lower to 1,769.47 as market members played on the offering side, in expectation of a lower showcase. 

It said without more grounded purchasing interest, the benchmark list was in the red all through the greater part of the exchanging sessions, before settling off the day's low at 1,772.30 (down 1.66 focuses or 0.09%) in front of end of the week. 

"In the more extensive market, washouts dwarfed gainers with 770 stocks finishing lower and 208 stocks completing higher. That gave a market broadness of 0.27, demonstrating the bears were in charge," it said. 

AllianceDBS Research said the market made a lower low on May 26 with market members seen all the more ready to play an offering diversion. 

"Rather than sitting staring them in the face throughout the end of the week, many evidently had exchanged some portion of their stock positions trying to diminish hazard presentation because of a paranoid fear of outside negative market advancement. 

"A preparatory examination on how the market had held itself in the course of recent days recommended an on-going fight between the bulls and holds on for market exchanging movement limited between the 1,762 and 1,788 levels," it said. 

The examination house said a fall beneath 1,762 would put weight available to test the consequent support at 1,748. 

Be that as it may, it said a transcend 1,788 could send the market to 1,800. 

It said taking after the down close on May 26, there ought to be additionally offering endeavor once more. 

"The examination of general market activity on May 26 uncovered that purchasing force was weaker than offering weight. 

"All things considered, the FBM KLCI would likely exchange underneath the 1,772.30 level on May 29," said AllianceDBS Research. 

In view of corporate declarations and news stream last Friday, stocks in concentrate today may include: China Automobiles Parts Holdings Ltd, Hibiscus Petroleum Bhd, Mah Sing Group Bhd, Icon Offshore Bhd, Serba Dinamik Holdings Bhd, KPJ Healthcare Bhd, RCE Capital Bhd, Econpile Holdings Bhd, Boustead Heavy Industries Corporation Bhd, Titijaya Land Bhd, Tropicana Corp Bhd, Pestech International Bhd, Mitrajaya Holdings Bhd, MCT Bhd, Kenanga Investment Bank Bhd and PIE Industrial Bhd.

For more details traders could visit here: 

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Bursa Malaysia stayed higher at mid-morning today - Malaysia Stocks Picks

KUALA LUMPUR: - Bursa Malaysia remained higher at mid-morning today on purchasing support in many heavyweights, in particular in the oil and gas (O&G) area, merchants said. - Malaysia Stocks Picks

At 11.08am (Malaysia Stocks Picks),

The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) remained at 1,777.80, up 11.24 focuses against Tuesday's end of 1,766.56.

The list opened 9.73 focuses higher at 1,776.29 at 9am.

Gainers drove failures 505 to 239, while 406 counters were unaltered, 600 untraded and 19 others suspended.

Turnover remained at 1.53 billion shares worth RM1.07 billion.

In a note today, Hong Leong Investment Bank said exchanging enthusiasm for the O&G segment, took after the recuperation in Brent Crude oil costs which come to above US$50 a barrel.

"In any case, the FBM KLCI's upside could be restricted to around 1,770-1,780 as market members receive a keep a watch out position in front of Prime Minister Datuk Seri Najib Tun Razak's visit to China on May 14-15," it included.

For the heavyweights, Maybank enhanced one sen to RM9.37, TNB fell two sen to RM13.88, Public Bank was level at RM19.98, while Sime Darby increased two sen to RM9.33. - Malaysia Stocks Picks

Among the O&G stocks, PChem expanded 15 sen to RM7.31, PetGas livened 84 sen to RM19.34 and PetDag was 28 focuses higher at RM24.28.

For the actives, Netx recouped a large portion of a-sen to 10 sen, AirAsia X rose 1.5 sen to 51.5 sen and IWCity expanded nine sen to RM1.70.

The FBM Emas Index enhanced 86.50 focuses to 12,731.86, the FBMT 100 Index rose 83.00 focuses to 12,360.79, while the FBM Emas Shariah Index progressed 91.39 focuses to 13,086.89.

The FBM 70 took off 121.14 focuses to 15,333.39 and the FBM Ace was 34.91 focuses better at 6,358.39.

On a sectoral premise, the Industrial Index was 43.28 focuses higher at 3,276.79, the Plantation Index added 21.54 focuses to 8,091.46 and the Finance Index bounced 91.49 focuses to 16,408.22.

Latest Hot stocks for KLSE investors

1. IWCITY
2. CUSCAPI
3. VOIR
4. PWORTH
5. ASIAPLY

KLSE INTRADAY SIGNALS: BUY MRCB AT 1.67 TARGET 1.73, 1.78 SL 1.60 

KLSE HOLDING SIGNALS: MRCB AT 1.73, OUR 1st TARGET DONE. GIVEN ON 08-MAY-17 FROM 1.67

 Reference: http://www.mmfsolutions.my/blog/malaysia-stocks-picks/

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