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FBMKLCI: Thought 1Q2019 already seen worst but 2Q2019 reported earnings not seem better as headwinds cont. to affect them. The gov may have to step in with an expansionary Budget 2020. Though results for coming quarters could be worse, companies which reported improving qoq and yoy are expected to...
● The FBM KLCI drifted lower on Friday, taking cue from the weak close on Wall Street a day earlier and selling-pressure in selected blue chips. The key-index, however, closed 1.0% W.o.W higher on weekly basis, lifted by foreign buyinginterest. The lower liners – the FBM Small Cap (-1.0%), the FBM...
Stocks on Bursa Malaysia snapped a three-day losing streak to end higher last Friday on bargain hunting in selected heavyweights, which saw late fund buying of Tanaga Nasional and Malayan Banking. Bargain hunting by institutional funds supported the local market but further gains were limited by fears of a...
Blue chips led by banks again extended gains Wednesday, after the ringgit appreciated to a near eight-month high of 3.91 to the USD, the strongest since early Aug last year, copying regional strength after the US Fed chief suggested interest rates may not be raised soon. The KLCI added 2.78 points to end at...
Wall Street started the new year on an extremely negative tone after China’s stockmarkets went limit down (by 7.0%) and triggered the circuit breaker two times last week amid its weaker manufacturing data - the Dow declined 276.09 pts to 17,148.94 pts on Monday. The key index, however, stabilised and...
The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) suffered a setback last week after strong October U.S. jobs data fueled expectations the US Federal Reserve will raise interest rates at its December policy meeting. Oil amp; gas, banking and plantation stocks re the main drags on the...
The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) sustained moderate gains last week despite profit-taking in the four-day week due to the Awal Muharam holiday, with robusttrading momentum focused mostly on the ACE Market and small cap sector. A strong rally in China#160; stocks with a...
The FBM KLCI gapped down at the start of the session, but managed to recover to end marginally higher at 1,615.01 pts (+1.84 pts). The MACD Histogram, however, extended another red bar but the RSI is above 50. Resistance will be set around 1,660. Support will be located around 1,600. #160; by Malacca...
Follow-through selling pressure was noted on the FBM KLCI and it ended below the EMA9 level. The MACD Histogram extended another red bar, but the RSI is hovering above 50. The FBM KLCI may be due for a technical rebound towards the resistance of 1,650. Meanwhile, the support will be set around 1,600. ...
Share prices on Bursa Malaysia extended gains for a second week. The FBMKLCI breached the 1,600 psychological level last week as investors reacted positively to#160; Special Economic Committee's measures to stabilize the stock market with the reactivation of ValueCap with funds of up to RM20bn to shore...
above: FBM KLCI Weekly Chart #160; The FBM KLCI ended higher but faced with mild resistance around the EMA20 level (1,620). The MACD Indicator, however has given a “Buy” signal, while the RSI has crossed above 30. #160; The FBM KLCI may be due for a profit taking activities as it...
FBM KLCI – Temporary support is at 1,795. Market Action The FBM KLCI rose 4.27 points WoW to close at 1,811.92, as some minor buying activities persisted. However, volume turned down from 1.75b to 1.54b shares. The index traded from 801.27 to 936.63 (Oct 2008 to Apr 2009), but broke above 936.63...
#160; FBM KLCI Resistance at 1,840, Next at 1,860 BUY Axiata amp; Genting Bhd for Rebound #160; Blue chips on Bursa Malaysia rose on Monday, copying regional strength after a weak factory survey#160; in#160; China#160; fueled#160; speculation#160; the#160;...
After#160; a#160; brilliant#160; 2013,#160; the#160; FBM#160; KLCI#160; may#160; underperform#160; its#160; peers#160; in#160; 2014 Reversion#160; to#160; mean#160; valuation. In#160; our#160; Strategy#160;...
Technical#160; indicators#160; for#160; the#160; FBM#160; KLCI#160; have#160; turned#160; bullish#160; following#160; the#160; strong#160; windowdressing#160; surge#160; on#160; blue#160; chips#160; last#160;...
