Bursa Malaysia opens imperceptibly higher

KUALA LUMPUR: Bursa Malaysia opened possibly higher, following the blended execution of its Asian companions, merchants said. 

At 9.16 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.95 of a point higher at 1,737.09 from Tuesday's end of 1,736.14.

The list opened 0.89 of-a-point better at 1,737.03 

On the more extensive market, gainers drove failures by 169 to 108, while 211 counters stayed unaltered with 1,364 untraded and 18 others were suspended. 

Turnover remained at 220.46 million offers worth RM70.94 million. 

In a note today, Maybank Investment Bank said as worldwide values kept on revitalizing, drawback hazard for FBM KLCI stayed restricted. 

"The 2018 Budget will be revealed on Friday and this will support the neighborhood securities exchange. Actually, we anticipate that FBM KLCI will exchange in the vicinity of 1,729 and 1,740 today with drawback bolster at 1,729 and 1,718 level," it said. 

Among heavyweights, TNB and Public Bank added two sen each to RM14.32 and RM20.46 separately, Petronas Chemicals packed away three sen to RM7.51, Sime Darby shed three sen to RM9.08 while Maybank was level at RM9.25. 

Of actives, UMW Oil and Gas added one sen to 28.5 sen, Trive Property and D.B.E Gurney edged up a large portion of a-sen each to 18.sen and 3.5 sen, individually, UMW Oil &Gas warrant picked up 11 sen to 11.5 sen and NetX Holdings was level at 5.5 sen. 

The FBM Emas Index enhanced 10.43 focuses to 12,476.43, the FBMT100 Index was 8.67 focuses firmer at 12,117.21 and the FBM Emas Shariah Index rose 10.33 focuses to 12,840.74. 

The FBM 70 collected 18.41 focuses to 15,178.78 and the FBM Ace sacked 1.51 focuses to 6,886.68. 

Part shrewd, the Plantation Index was 21.36 focuses higher at 7,948.26, the Industrial Index shed 1.60 focuses to 3,198.58 and the Finance Index slipped 2.04 focuses to 16,255.67.

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KLCI edges higher right off the bat Tuesday, oil costs plunge

KUALA LUMPUR: Blue chips squeezed out little increases early Tuesday, with Petronas Dagangan and MISC among the gainers supporting the FBM KLCI's progress, yet trailing behind the rally on the key Asian markets. 

At 9.55am, the KLCI was up 1.44 focuses or 0.08% to 1,784.18. Turnover was 657.32 million offers esteemed at RM316.42mil. There were 335 gainers, 213 failures and 306 counters unaltered. 

Asian offers joined a worldwide values rally, hitting a 10-year top on Tuesday with financial specialists breathing a moan of alleviation as North Korean feelings of dread facilitated marginally and the most dire outcome imaginable from Hurricane Irma hoped to have been kept away from, Reuters announced. 

MSCI's broadest list of Asia-Pacific offers outside Japan increased 0.1% to its most abnormal amount since late 2007. Japan's Nikkei rose 1%. 

Hong Leong Investment Bank (HLIB) Research said the exchanging tone on the nearby bourse would be genuinely comparable with the overnight execution on Wall Street and the KLCI could broaden its increases towards 1,790. 

"Merchants may investigate wares related segments, for example, steel, oil and gas and estates for the present on the back of firmer fundamental product patterns," it said. 

In the mean time, oil costs edged down in early Asian exchanging, as merchants weighed up the hosing impact on request of Hurricane Irma versus refinery restarts following Hurricane Harvey that should prompt more raw petroleum handling, Reuters detailed. 

Brent rough was down eight pennies to US$53.76 per barrel and US West Texas Intermediate fell three pennies to US$48.04 a barrel. 

Settle was the best gainer, up 60 sen to RM85.50 with 100 offers done however Dutch Lady fell 50 sen to RM58.80 with 700 offers, BAT lost 22 sen to RM43.56 with 1000 units exchanged and Ajinomoto was down eight sen to RM19.04. 

Hengyuan rose 19 sen to RM8.40 and Petron 15 sen to RM9.98. Petronas Dagangan added 12 sen to RM24.32 and MISC nine sen to RM7.38. 

Lafarge rose 15 sen to RM6.30 as investo4s looked past its baffling outcomes and trusted that the development occupations would give the impetus. 

KESM added eight sen to RM14.82 yet MPI fell 10 sen to RM13.90. Willowglen was eight higher at RM1.40. 

Genting Plantations fell 16 sen to RM10.50 while Takaful, HLFG and Pos lost six sen each to RM3.87, RM17 and RM5.54 individually. 

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The FBM KLCI’s early advance on Thursday

KUALA LUMPUR: Fund snacking of energy goliath Tenaga Nasional supported the FBM KLCI's initial progress on Thursday as financial specialist assessment livened up on Wall Street's bounce back and firm raw petroleum costs.

At 9.30am (Bursa Malaysia Stocks Tips),

The KLCI was up 0.88 of a point or 0.05% to 1,773.36. Turnover was 411.57 million offers esteemed at RM121.61mil. There were 250 gainers, 142 washouts and 240 counters unaltered.

Asian offers ticked up on Thursday after US President Donald Trump and congressional pioneers consented to raise the administration obligation confine until December, killing the danger of an administration shutdown for the present, Reuters revealed.

MSCI's broadest file of Asia-Pacific offers outside Japan increased 0.3% while Japan's Nikkei rose 0.6%.

US rough fates were US$49.12 per barrel and Brent exchanged at US$54.03 a barrel.

Hong Leong Investment Bank Research said stocks on the neighborhood front ought to have the capacity to pick up footing following deal chasing exercises on Wednesday.

"The KLCI may return to 1,780,

while exchanging enthusiasm on the more extensive market is probably going to concentrate on products part, for example, (Bursa Malaysia Stocks Tips) steel and oil and gas in the midst of the recuperating pattern in unrefined petroleum costs," it said.

Tenaga rose eight sen to RM14.48 and it was the best gainer among the KLCI stocks.

Econ Bhd bounced 18 sen to RM3.18 and its call warrants 6.5 sen higher at 24 sen.

Padini added 16 sen to RM4.41, SCGM 13 sen to RM3.01 and Lafarge 10 sen to RM5.65.

Southern Steel increased eight sen to RM2.18 and its advance stocks, SSteel-LB added seven sen to RM2.01. Hiap Teck Ventures added 0.5 sen to 42 sen.

Olympia rose two sen to 16.5 sen with 59 million offers done after it sold its stockbroking business Jupiter Securities for RM55mil to CIMB.

Olympia Industries will get RM42.1mil for its segment of offers. Its aggregate cost of interest in Jupiter Securities as of end-June remained at RM21.7mil.

Petronas Dagangan lost 10 sen to RM24.50 in (Bursa Malaysia Stocks Tips) thin exchange, Genting Malaysia was six sen bring down at RM5.90, WCT fell five sen to RM1.71 and Signature four sen to 86.5 sen. Top Glove and Paramount shed four sen each to RM5.64 and RM1.73.

Hot stocks for KLSE traders

1. OLYMPIA
2. HUAAN
3. MLAB
4. IRIS
5. HIAPTEK

 

KLSE INTRADAY UPDATE: BUY PERMAJU AT 0.365 TARGET 0.380, 0.395 SL 0.345

 

KLSE HOLDING UPDATE: PERMAJU MADE HIGH OF 0.385, OUR 1st TARGET DONE. GIVEN YESTERDAY FROM 0.365. 

 

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

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KLCI Market Updates

KUALA LUMPUR: Blue chips commenced September on a firm note early Tuesday after the long break as the FBM KLCI rose to 1,780, fueled by picks up in Tenaga Nasional, Axiata and Sime Darby yet wether it can clutch the additions because of weaker key Asian bourses stays to be seen.

At 9.24am, The KLCI was up 3.18 focuses or 0.18% to 1,776.32. Turnover was 354.11 million offers esteemed at RM195.84mil. There were 220 gainers, 236 failures and 233 counters unaltered.

In any case,

other key Asian markets were under weight on Tuesday after a worldwide selloff the earlier day in the wake of North Korea's most intense atomic test at the end of the week, while places of refuge, for example, gold stayed firm, Reuters revealed.

MSCI's broadest record of Asia-Pacific offers outside Japan was off 0.05% having shed 0.8% the earlier day, with South Korea's Kospi off 0.1% in the wake of sliding to three-week lows on Monday. Japan's Nikkei ticked down 0.2%.

At Bursa Malaysia,

Tenaga bounced 24 sen to RM14.52, Axiata 16 sen to RM5.09, Sime Darby 14 sen to RM9.14. PPB Group and MAHB added 12 sen each to RM16.80 and RM9.12.

Among the customer stocks, BAT rose 30 sen to RM44.48, Kawan Food added 22 sen to RM3.60 and Heineken 14 sen to RM18.94. Ajinomoto fell RM1.14 to RM20.10.

Petron Malaysia added 19 sen to RM9.07 and Hengyuan 12 sen to RM7.64.

Hong Leong Bank fell 24 senn to RM15.20 and CIMB 23 sen to RM6.85 on benefit taking.

China stocks were among the most dynamic with Sino Huann broadening its increases from a week ago, up 3.5 sen to 19 sen with more than 69 million offers done, HG Global 3.5 sen to 12.5 sen and CSL 0.5 sen to 4.5 sen.

Be that as it may, Hong Leong Investment Bank (HLIB) Research forewarned that with the broadened worries over the North Korea issue, it anticipates that market unpredictability will uplift.

In the meantime, financial specialists should concentrate on the up and coming occasions, for example, European Central Bank meeting on Thursday and FOMC meeting on Sept 20-21.

"THEN, ON THE NEARBY FRONT,

we (Malaysian Stocks Tips) figure the market could be slanting on a descending inclination mode following the occasions throughout the end of the week.

"By and by, purchasing backing may rise on stocks with superior to expected corporate outcomes that were discharged a week ago. The KLCI's exchanging extent might be situated between 1760-1,790 levels this week," said HLIB Research.

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1. HUAAN

2. CSL

3. OLYMPIA

4. XINGHE

5. MALTON-WB

Reference: http://www.mmfsolutions.my/blog/malaysian-stocks-tips/

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The FBM KLCI remained in positive territory at mid-morning today

KUALA LUMPUR (Aug 15): The FBM KLCI stayed in a positive area at mid-morning today, but with constrained increases 

At 10.03am, the FBM KLCI was up 1.38 focuses to 1,772.46. The list had before ascended to 1,773.37. 

The best gainers included Lotte Chemical Titan Holding Bhd (LCT), Malaysian Pacific Industries Bhd, KESM Industries Bhd, HCK Capital Group Bhd, ViTrox Corp Bhd, Ajinomoto (M) Bhd, Hengyuan Refining Company Bhd, SAM Engineering and Equipment Bhd, SCGM Bhd and Johore Tin Bhd. 

The actives included Mlabs Systems Bhd, LCY offers and warrants, JAG Bhd, PUC Bhd, Frontken Corp Bhd, Dagang NeXchange Bhd and Kronologi Asia Bhd. 

The decliners included PLB Engineering Bhd, Hap Seng Consolidated Bhd, Hong Leong Industries Bhd, Perusahaan Sadur Timah Malaysia Bhd, Kuala Lumpur Kepong Bhd, Hong Leong Bank Bhd and PPB Group Bhd. 

Asian offers mobilized and the dollar solidified on Tuesday after North Korea's pioneer flagged that he would postpone plans to flame a rocket close Guam, additionally facilitating pressures and inciting financial specialists to move over into more hazardous resources, as indicated by Reuters. 

MSCI's broadest file of Asia-Pacific offers outside Japan edged up 0.2 percent, with South Korea up 0.6 percent and Australia 0.7 percent, it said. 

Hong Leong IB Research in a brokers' short today said that in the US, financial specialists may have processed and estimated in the greater part of the negative factors over the close term. 

"Thus, stocks could see settling developments with the dealers supporting the "purchase on shortcoming" system because of brief automatic response following the trading of words between US-North Korea, adding to encourage specialized bounce back on Wall Street. 

"Conclusions on the nearby front are probably going to stay light in the midst of the positive execution on the overnight Wall Street. 

"The FBM KLCI could exchange towards the 1,775-1,780 zones over the close term. Likewise, the stocks inside the innovation segment ought to have the capacity to recoup higher following a sharp fall a week ago," it said.

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Bursa remains positive at mid-day

KUALA LUMPUR: Bursa Malaysia, which stayed in the positive domain up until this point, finished the morning session higher because of steady purchasing in key heavyweights. At meal break, he benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was up 9.65 focuses to 1,772.76 from yesterday's end of 1,763.37.

Subsequent to opening 4.49 focuses higher at 1,767.6 today, the nearby file moved in the vicinity of 1,766.25 and 1,773.09 for the duration of the morning session. 

On the more extensive market, gainers outpaced failures 555 to 257, with 342 counters unaltered, 624 counters untraded and 30 others suspended.

Turnover remained at 1.15 billion offers worth RM968.82 million.

A merchant said the bounce back in the FBM KLCI was driven by deal chasing in less expensive quality stocks taking after yesterday's misfortunes.

"Moreover, record highs in Wall Street overnight additionally lifted the disposition in Bursa Malaysia and local bourses," he included.

Among heavyweights, Maybank and Public Bank added eight sen each to RM9.50 and RM20.12, individually, while TNB and Sime Darby rose four sen each to RM13.82 and RM9.36, separately. 

On actives, Dagang Nexchange was three sen higher at 58.5 sen, China Automobile was level at one sen and Netx Holdings crawled up a large portion of a-sen to six sen.

The FBM Emas Index enhanced 76.62 focuses to 12,635.26,

The FBMT100 hopped 74.91 focuses to 12,279.36 and the FBM Emas Shariah Index was 74.29 focuses higher at 12,821.75.

The FBM 70 rose 122.15 focuses to 15,058.75 and the FBM Ace progressed 101.9 focuses to 6,269.49.

Sectorwise, the Finance Index increased 100.15 focuses to 16,670.92, the Industrial Index was up 13.57 focuses to 3,265.09 and the Plantation Index expanded 12.66 focuses to 7,931.57.

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1. AEM
2. ANZO
3. HIBISCS
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KUALA LUMPUR: Blue chips squeezed out minor picks up in early Wednesday exchange, in accordance with the key Asian markets while Moody's cut its sovereign FICO score on China. 

Minimal effort transporter AirAsia and AirAsia X fell in dynamic exchange. 

At 10am, the KLCI was up 0.53 of an indicate or 0.03% 1,767.70. Turnover was 929.41 million offers esteemed at RM426.47mil. There were 226 gainers, 346 washouts and 318 counters unaltered. 

Asian offers edged lower in early exchange on Wednesday, while the Australian dollar and the seaward Chinese yuan slipped after Moody's cut its sovereign FICO score on China by one indent to an A1 rating from Aa3, Reuters revealed. 

The appraisals office downsized China's long haul neighborhood and outside cash backer evaluations on Wednesday, refering to desires that the monetary quality of the world's second greatest economy would disintegrate in the coming years. It likewise changed its viewpoint for China to stable from negative. 

MSCI's broadest record of Asia-Pacific offers outside Japan was down 0.1% in spite of unobtrusive picks up on Wall Street overnight. Japan's Nikkei stock record was up 0.6%. 

Latest Hot stocks for KLSE investors 

1. BORNOIL

2. FOCUS

3. XDL

4. MITRA

5. MYEG

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KLCI market update

FKLCI expanded 1 focuses or 0.05% to 1740 on Thursday, April 20 from 1739 in the past exchanging session. Generally, the Malaysia Stock Market (FTSE KLCI) achieved a record-breaking high of 1887.07 in May of 2014 and a record low of 89.04 in April of 1977.

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Highest foreign net inflow since 2013

KUALA LUMPUR: Foreign financial specialists bought an astounding RM1.76bil net a week ago, a sum not seen since May 2013, after the result of the thirteenth General Election (GE13), as per MIDF Research. 

Without a doubt, the exploration house said the last time the sum surpassed RM1bil was in March a year ago. 

"Remote financial specialists have now been net purchasers on Bursa for six back to back weeks. As of Friday, outside net purchasing had stretched out for six exchanging days. Eminently, the normal sum wiped every day amid the six days was RM305mil. 

"In March 2016, when exchanging on Bursa was this exceptional, the normal sum cleaned up was just RM264mil," MIDF said in its week after week finance stream report. 

On Friday, the purchasing transformed into a craze with outsiders procured a monstrous RM816mil, the most astounding since May 7, 2013, two days after the GE13. 

Likewise, MIDF noticed that remote interest additionally surged to a level not seen since May 2013. The normal day by day exchange esteem (ADTV) surged to RM1.69bil, a 71% expansion contrasted and that in the previous week. 

The arrival of outside financial specialists have concurred a truly necessary breathing space for neighborhood speculators to help their position and acknowledge benefits. 

Neighborhood organizations offloaded RM1.58bil net a week ago. Since start of the year, nearby store directors have arranged RM2.80bil net. 

MIDF noticed that the retail advertise stayed lively as retailers exploited the remote liquidity torrential slide to offload RM180mil while retail ADTV surged to RM1.2bil, second week consecutively it surpassed RM1bil. 

A week ago, Tenaga Nasional enrolled the most astounding net cash inflow of RM6.73mil. Its share cost, be that as it may, slacked as it finished unaltered against the FBM KLCI which ascended by 1.61% amid the week under audit. 

AirAsia recorded the second most noteworthy net cash inflow of RM6.16mil. As needs be, its share cost beat against the market benchmark with a 2.47% week after week pick up. 

The spending bearer reported that it had gone into a deal and buy concurrence with Caterhamjet Global Ltd to secure the Bombardier BD-700-1A10 Global Express for US$10mil money with an arrangement to work sanction and private unscheduled business stream operations. 

UOA Development saw the third most elevated net cash inflow of RM5.81mil. 

In the interim, Malayan Banking saw the biggest net cash outpouring of RM28.48mil a week ago. Its stock cost failed to meet expectations in spite of a 1.48% pick up opposite the FBM KLCI which best in class by a bigger 1.61% amid the audit week. 

On this score, it is striking that net cash surge in the midst of propelling offer cost demonstrates an offer on quality (SOS) position among a few financial specialists. 

Open Bank recorded the second biggest net cash outpouring of RM27.42mil amid the week while Hong Leong Bank enlisted the third biggest net cash surge at RM12.60mil.

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Public Bank and AmBank weigh on KLCI early Friday

KUALA LUMPUR: Public Bank and AmBank fell early Friday on broadened benefit taking, dragging the FBM KLCI more profound into the red, regardless of a slight recuperation in raw petroleum costs, as speculators turned wary however Iskandar Waterfront City (IWC) developed its rally. 

At 9.30am, the KLCI was down 2.1 focuses or 0.12% to 1,715.32. Turnover was 463.05 million shares esteemed at RM271.37mil. There were 208 gainers, 226 washouts and 281 counters unaltered. 

Asian stocks edged up and the dollar rose to 1-1/2-month highs versus the yen on Friday in front of the US non-cultivate payrolls report due later in the day, as indicated by Reuters. 

MSCI's broadest list of Asia-Pacific shares outside Japan included 0.1%, taking signs from an unassuming ricochet in Wall Street overnight. Japan's Nikkei climbed 1% on the back of a weaker yen and Australian stocks included 0.4%. 

In the mean time, US rough costs edged up on Friday in the wake of dipping under US$50 per barrel interestingly since December in the past session, forced by worries that a worldwide supply overabundance is demonstrating unshakably persevering, the wire detailed. 

US West Texas Intermediate unrefined (WTI) was up 23 pennies at US$49.51 a barrel at 0027 GMT. 

Hong Leong Investment Bank (HLIB) Research said in spite of the fact that deal chasing exercises could keep on providing a fleeting specialized bounce back on Wall Street in front of the occupations information today, it anticipated that assumption would be careful preceding the FOMC meeting one week from now. 

"Then, offering weight may reach out on the O&G heavyweights inside our neighborhood bourse in the midst of weaker unrefined petroleum costs. By and by, dealers could discover openings inside in a general sense strong lower liners and little tops in the event that they turn oversold," it said. 

Gold costs dipped under the key level of $1,200 an ounce on Friday to hit their most reduced in more than five weeks, constrained by a more grounded dollar in front of U.S. occupations information later in the day, Reuters announced. 

HLFG was the top washout, down 14 sen to RM15.42, Public Bank lost 12 sen to RM19.68 and AmBank shed seven sen to RM4.86 while AFG was down five sen to RM4. 

Petron Malaysia lost 13 sen to FM5.85 while Petronas Gas shed eight sen to RM19.60. 

IHH Healthcare was down five sen to RM5.87. 

Nonetheless, IWC surged 21 sen to RM1.97 in dynamic exchange after an elucidation that Iskandar Waterfront Holdings Sdn Bhd (IWH) will incorporate its 30% stake in the Bandar Malaysia extend as a major aspect of its proposed corporate exercise to assume control over the posting status IWC. 

Maybank resisted the pattern to climb eight sen to RM8.81. 

KESM added 40 sen to RM10.42. Its net benefit for its 2QFY17 rose 42.5% on-year to RM9.98mil on higher interest for its consume in and test administrations. MPI rose eight sen to RM9.98. 

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KLCI up nearly 15 points at midday

KUALA LUMPUR: Maybank, Petronas Chemicals and Sime Darby supported the FBM KLCI's rally on Thursday on firm reserve purchasing as speculator estimation livened up in accordance with the key local markets. 

At 12.30pm, the KLCI was up 14.53 focuses or 0.86% to 1,712.22. Turnover was 1.83 billion shares esteemed at RM1.25bil. There were 515 gainers, 268 washouts and 360 counters unaltered. 

The dollar hit a seven-week high on Wednesday after hawkish remarks from two Federal Reserve authorities late on Tuesday helped desires that the U.S. national bank is nearer to raising financing costs, Reuters detailed. 

The ringgit edged lower against the US dollar to 4.4485 from 4.4480 yet progressed against the pound sterling to 5.4633 from 5.5047 and rose against the Singapore dollar to 3.1525 from 3.1577. It likewise moved against the Euro to 4.6851 from 4.6900. 

US light raw petroleum fell 12 pennies to US$53.71 while Brent shed seven pennies to US$56.29 after US inventories hit record high. 

Petronas Dagangan rose 42 sen to RM25.40, Petronas Chemicals added 16 sen to RM7.46 and pushed the KLCI up 2.12 focuses however Petronas Gas shed two sen to RM19.98. 

Rough palm oil for third-month conveyance shed RM4 to RM2,827 per ton. KL Kepong rose 20 sen to RM8.70, Far East added 20 sen to RM8.70, PPB Group 16 sen to RM16.76 and IOI Corp five sen to RM4.73. Sime Darby's nine sen pick up to RM9.13 added 1.01 focuses to the KLCI. 

BAT was the top gainer among customers, up 26 sen to RM48.86 while F&N added 18 sen to RM23.44. Sugar refiner and wholesaler MSM picked up 17 sen to RM4.60 after sugar cost was expanded. 

Be that as it may, Heineken lost 18 sen to RM17.962 on benefit taking and Carlsberg six sen bring down at RM14.42. 

With respect to fund and banks stocks, HLFG rose 30 sen to RM15.40 while Maybank's 14 sen pick up to RM8.76 pushed the KLCI up 2.36 focuses, Hong Leong Bank additionally picked up 14 sen to RM13.48, RHB Bank seven sen to RM5.01, CIMB five sen to RM5.14 and Public Bank added four sen to RM19.98. 

Time dotCom added 22 sen to RM8.67 and little top stock JHM surged 21 sen to RM2.64. 

Among the key local markets, 

Japan's Nikkei 225 rose 0.97% to 19,582.61; 

Hong Kong's Hang Seng Index added 0.36% to 23,862.31; 

CSI 300 shed 0.12% to 3,454.42; 

Shanghai's Composite Index inche dup 0.03% to 3,248.02; 

Hang Seng China Enterprise increased 0.5% to 10,339.10; 

Taiwan's Taiex fell 0.23% to 9,652.19; 

South Korea's Kospi rose 0.47% to 2,101.54 and 

Singapore's Straits Times Index added 0.51% to 3,138.67. 

Spot gold fell US$3.11 to US$1,246.58.

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Another tough day for KLCI, more downside seen

KUALA LUMPUR: Blue chips plunged early Tuesday with Petronas Gas and UMW among the top decliners while JAKS Resources went under substantial offering weight after its FY16 budgetary outcomes. 

At 9.37am, the KLCI was down 0.12 of an indicate or 0.01% 1,693.72. Turnover was 376.02 million shares esteemed at RM196.83mil. There were 173 gainers, 311 washouts and 284 counters unaltered. 

The US dollar was consistent from the get-go Tuesday, getting a charge out of support after US President Donald Trump hailed a major lift in government boost, and looked for a "notable" increment in military spending, Reuters detailed. 

Trump will request that the US Congress help Pentagon spending in the following financial year by US$54bil in his first spending proposition, a White House spending official said on Monday. 

Maybank Investment Bank Research said the KLCI had on Monday pared early picks up to settle in red, falling 4.51 focuses to close at 1,693.84. Negative opinion influenced the more extensive market with washouts outpacing gainers by 643 to 297. Exchanging volume was 2.90 billion shares worth RM2.14bil. 

"The benchmark list is presently beneath the 20-day EMA line in this way prone to test the accompanying bolster levels, which are pegged at 1,685 and 1,667," said the exploration house. 

JAKS Resources fell 17 sen to RM1.06 with 19.26 million shares done in the wake of posting a weaker-than-anticipated outcomes for FY16. 

Be that as it may, Affin Hwang Capital Research is keeping up its Buy call with a lower target cost of RM1.70 (RM2), as the essentials of the organization stays unaltered, in spite of the baffling feature benefit after assessment and minority enthusiasm of RM7000,000 for FY16. 

"The weaker than anticipated outcomes was essentially because of a few unique cases, and JAKS's powerlessness to perceived any EPC contract income in the 4QFY16," it said. 

UMW Oil and Gas fell five sen to 63.5 sen in dynamic exchange subsequent to making arrangements of about RM900mil in FY16. 

MSC fell 38 sen to RM3.73, Petronas Gas 30 sen bring down at RM19.98 and UMW 20 sen to RM5.38. Age fell 17 sen to RM2.33 on benefit taking. 

BAT bounced back to climb 42 sen to RM48.92, Oriental Holdings added 20 sen to RM6.65. 

Petronas Dagangan rose 10 sen to RM24.58, Sime Darby nine sen to RM9.16 and KL Kepong eight sen to RM24.28.

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Barron’s: Slowing sales, strong dollar could hit Harley stock

Abating deals could bring about shares of Harley-Davidson Inc. to decay subsequent to being on the ascent for a great part of the previous 12 months, as indicated by a Barron's main story dated Feb. 27. 

The article takes note of that the celebrated around the world cruiser producer's client base of moderately aged Americans is contracting and a solid US dollar harms the productivity of universal deals. 

Barron's trusts the stock ought to exchange the low US$40s, down from around US$56 on Friday. 

"With such a variety of mainstream difficulties, it's difficult to comprehend why Harley shares are as yet cruising along close to the high end of their valuation extend," the story states.

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KLCI seen slipping to key 1,700 early Friday, Air Asia in focus

KUALA LUMPUR: Blue chips slipped in early Friday exchange, with the FBM KLCI making a beeline for the key 1,700 level on benefit taking as speculators processed the most recent cluster of blended corporate outcomes. 

Offers and the call warrants of minimal effort bearer AirAsia was in center after the arrival of its outcomes. 

At 9.30am, the KLCI was down 2.37 focuses or 0.14% to 1,702.11. Turnover was 475.21 million shares esteemed at RM219.30mil. There were 203 gainers, 264 failures and 249 counters unaltered. 

Kenanga Investment Bank said by and large, the KLCI stays in a positive medium-longer term slant. 

Be that as it may, the KLCI seems, by all accounts, to be balanced for a close term benefit taking after quickly indenting a response high of 1,720 prior in the week. 

"See that yesterday's dark bodied bar reflect maintained shortcoming for the duration of the day, while the MACD has recently crossed beneath its flag line. From here, we see the likelihood of the KLCI pulling back towards 1695/1700 (S1) before collecting some support. 

"Coming up short which, the following bolster level is situated at 1,680 (S2). Overhead resistance meanwhile is situated at 1,710 (R1) and 1,720 (R2)," it said. 

Reuters announced US oil costs fell on Friday after government information discharged late on Thursday demonstrated stockpiles climbed a week ago for a seventh straight week, despite the fact that misfortunes were quieted as stock development was well underneath desires. 

US West Texas Intermediate fell 13 pennies to US$54.32 a barrel by 0048 GMT, having quit for the day pennies in the past session. 

Brent unrefined was exchanging down 13 pennies additionally at US$56.45. The agreement rose 74 pennies in the past session to settle at US$56.58. 

AirAsia expanded its decay, falling six sen to RM2.70 with 8.34 million shares done. Its call warrants C49 fell 2.5 sen to 25.5 sen and C46 was down 1.5 sen to 18.5 sen in dynamic exchange. 

KLCI stock IHH Healthcare fell 17 sen to RM5.98 and Hong Leong Bank was down eight sento RM13.48. 

Tasek fell the most, down 46 sen to RM12.72, Gas Malaysia lost 17 sen to RM2.81while Globetronics surrendered 12 sen to RM4.28. 

Among the purchaser stocks, Heineken fell 14 sen to RM17.04 with 200 shares done while Apollo was down 11 sen to RM5.16. In any case, Dutch Lady added 70 sen to RM54.70 and Bestle picked up 62 sen to RM76.60 and BAT 32 sen higher at RM49.92. 

IGB surged 33 sen to RM2.85 and Goldis 12 sen higher at RM2.62. On Thursday, Goldis made an offer to secure all the rest of the shares in IGB at RM3 a share.

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Hong Leong Bank leads KLCI higher early Wednesday

KUALA LUMPUR: Hong Leong Bank drove blue chips higher early Wednesday after its firm arrangement of money related outcomes, shoring the market up after a disillusioning Tuesday, however experts advised about financial specialists offering into quality. 

At 9.30am, the KLCI was up only 1.33 focuses or 0.08% to 1,707.88. Turnover was 468.98 million shares esteemed at RM223.35mil. There were 267 gainers and 156 failures. 

Hong Leong Investment Bank (HLIB) Research said as the Trump-rally reached out in the midst of superior to expected corporate income for 4Q16, it may foresee that the Dow Jones Industrial Average may visit the resistance of 20,800-21,000. 

Likewise, brokers will keep on monitoring the advance on financial motivation that will be uncovered by Donald Trump in the close term. 

"On our neighborhood front, following the bullish notions on Wall Street, combined with recuperating raw petroleum costs, we can expect gentle purchasing enthusiasm inside the O&G stocks. 

"Nonetheless, offering into quality procedure will be re-sent no matter how you look at it if the KLCI retests the 1,720-1,730 level as specialized readings propose that the key file is overbought," it exhorted speculators. 

Hong Leong Bank rose 12 sen to RM13.62 and HLFG added eight sen to RM15.28. 

Scope Tree was the top entertainer as the furniture creator added 22 sen to RM5.89, Petron and Mercury picked up 13 sen each to RM4.60 and RM1.39. 

Age added 11 sen to RM2.40 and Ann Joo nine sen higher at RM2.62. 

AirAsia rose four sen to RM2.79 with 10.9 million shares done while its call warrants C49 added 0.5 sen to 28.5 sen. 

Carlsberg was the top washout, down 32 sen to RM14.42 after its entire year income plunged, Pharmaniaga fell 25 sen to RM4.80 subsequent to posting misfortunes in the final quarter. 

KL Kepong fell 10 sen to RM24.14 and Rhone MA was down 5.5 sen to 92 sen. 

Reuters detailed US oil costs held almost seven-week highs on Wednesday after OpecP flagged hopefulness over its arrangement with different makers including Russia to control creation and clear an excess that has weighed available since 2014. 

The US April rough get, the new front-month future, was up three pennies at US$54.36 a barrel at 0028 GMT. On Tuesday, the March contract terminated up 66 pennies, or 1.2%, at US$54.06, in the wake of cresting at US$54.68, the most astounding since Jan 3.

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Bursa Malaysia Stock Tips

MarketWatch: US stock financial specialists may look to a large group of results from shopper confronting organizations including Wal-Mart Stores Inc this week for signs on whether the current market rally has more space to run. - Reuters 

Beat remote stories 

Kraft pulls back US$143b offer to converge with Unilever: US nourishment organization Kraft Heinz Co pulled back its proposition for a US$143 billion merger with bigger adversary Unilever Plc, the organizations said on Sunday, bringing up issues about whether Kraft could turn its concentration to another objective. - Reuters 

Survey: Japan Inc signals lift to household capex yet less enthused about the US: 33% of Japanese firms are hoping to lift business speculation at home in the following money related year, however organizations are less bullish about capital spending in the United States because of vulnerability over the Trump organization's arrangements, a Reuters survey appeared. SoftBank willing to surrender control of Sprint to tempt T-Mobile: Japan's SoftBank Group Corp is set up to surrender control of Sprint Corp to Deutsche Telekom AG's T-Mobile US Inc to secure a merger of the two US remote transporters, as per individuals acquainted with the matter. - Reuters 

Inbound China M&A takes off on customer guarantee: Overseas acquisitions by Chinese purchasers are cooling following two record years as Beijing reins in capital surges, however bargains into China are on the ascent, and new standards will make it less demanding for remote purchasers to tap China's monster shopper potential. Inbound M&A bargains have as of now achieved US$7.1 billion so far in 2017 and are well on track to beat the 2016 aggregate of US$46 billion, while outbound arrangements tumbled over 40% to US$8.4 billion, Thomson Reuters information appeared.

Our Recommendation for KLSE investors

1. ARMADA
2. DNEX
3. MPAY
4. IWCITY
5. SEDANIA

KLSE INTRADAY SIGNALS: BUY MPAY AT 0.235 TARGET 0.245, 0.255 SL 0.220 

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