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Destinasi Seminar
Teknik Goldfinger RM akan diadakan di Pusat Latihan PUABUMI, Kemaman pada 10 Disember 2011
Destinasi seminar...
Destinasi ketiga: Seminar Jutawan CPO Edisi Emas berada di Suria City Johor Bahru pada 17 Dis 2011
Destinasi Seminar
Destinasi seminar -> Seminar Jutawan CPO Edisi Emas akan berada di Hotel Midah Kuala Lumpur pada 03 Dis 2011
PENUTUPAN PERTUKARAN UNTUK Hari Raya Aidilfitri DAN CUTI HARI KEBANGSAAN 2011
PENUTUPAN PERTUKARAN UNTUK Hari Raya Aidilfitri DAN CUTI HARI KEBANGSAAN 2011
Seminar Jutawan Saham & CPO akan berada di Sanctuary Beach Resort Cherating Kuantan pada 30 Julai 2011 ( segmen CPO ) dan 31 Julai 2011 ( segmen Ekuiti )
Kami bersedia untuk turun padang membongkar rahsia pelaburan di Bursa Malaysia
Penginapan...
Penginapan percuma hanya untuk penyertaan dua segmen di Pusat Latihan PUABUMI Kemaman, Terengganu sahaja...
Destinasi Seminar
Destinasi Seminar ~ Seminar IPO Baru akan berada di Suites Corus Hotel Kuala Lumpur pada 28 Mei 2011... Yuran Penyertaan RM50 seorang...
Technical View
Palm oil prices have been consolidating since creating the “non classical Hammer” last Thursday. Nevertheless, prices are consolidating within the potential downtrend channel. We shall see if CPO prices will continue to consolidate sideways and eventually lead to a shift in the current downtrend to a sideways trend, or even to a new uptrend.
Until then, it still looks like the market is in the midst of building a downtrend channel. Although it did not create another major lower low last Thursday after successfully holding up the RM3,250 / tonne level, it is still vulnerable to a further pullback, possibility to the 200-day MAV line, if it remains stuck within the downtrend channel.
We are sticking to our view that the uptrend which started since the mid-term downtrend line was violated in October last year has ended. We had shifted our view to bearish following the breakdown, which was our first change in view since October last year. It was evident as the RM124/tonne “downside gap” created on 23 Feb 2010 had violated the CPO market’s more than 6- month solid uptrend. Prices are expected to continue trending lower until the downtrend line is violated.
Immediate support is now seen at RM3,250 / tonne level, followed by the 3,000/tonne psychological mark. Another strong support is seen at the 200-day MAV line, which now lies at the RM3,086 / tonne level. To the upside, immediate resistance lies at the RM3,489 / tonne level, followed by the RM3,700 / tonne level.
Until then, it still looks like the market is in the midst of building a downtrend channel. Although it did not create another major lower low last Thursday after successfully holding up the RM3,250 / tonne level, it is still vulnerable to a further pullback, possibility to the 200-day MAV line, if it remains stuck within the downtrend channel.
We are sticking to our view that the uptrend which started since the mid-term downtrend line was violated in October last year has ended. We had shifted our view to bearish following the breakdown, which was our first change in view since October last year. It was evident as the RM124/tonne “downside gap” created on 23 Feb 2010 had violated the CPO market’s more than 6- month solid uptrend. Prices are expected to continue trending lower until the downtrend line is violated.
Immediate support is now seen at RM3,250 / tonne level, followed by the 3,000/tonne psychological mark. Another strong support is seen at the 200-day MAV line, which now lies at the RM3,086 / tonne level. To the upside, immediate resistance lies at the RM3,489 / tonne level, followed by the RM3,700 / tonne level.
Market Review
Positive close. The FBM KLCI closed 5.84 points higher at 1,520.09 pts in tandem with the recovery in regional markets. Gains in Petronas Chemicals, Sime Darby, BAT and Petronas Gas helped to shore up market sentiment. Today’s key headlines include Perisai Petroleum Bhd has proposed to buy Garuda Energy from is ex-founder, Ngendran Nadarajah for USD70m, to be satisfied by USD50m cash and the issuance of new Perisai shares at 65 sen/share, AirAsia has entered into a JV agreement with Expedia Inc to establish an online travel agency, Kencana has secured a RM216m oil and gas support service project from Petrofac Ltd and Volkswagen AG plans to make Pekan its regional manufacturing hub. Taking the cue from Wall Street’s positive overnight close of 81.3 points , we expect our market to trend higher today.
Market Review
Higher finish. The FBM KLCI inched up 1.87 pts to 1,513.84 pts yesterday. In the news is SEGi, which announced a dividend policy to distribute a minimum of 50% of its net profit effective FY11, Wah Seong will set up a JV with PT Agrindo Prima Lestari to manufacture industrial fans and blowers for the palm oil industry and other industries utilising similar products in Indonesia, Transmile has completed the disposal of 4 of its aircraft to Federal Express Corp for USD67m (RM200m) while the payment due from Syarikat Bekalan Air Selangor SB (Syabas) to Syarikat Pengeluar Air Sungai Selangor SB (Splash) has been reduced to 42% from 45% effective 1 March 2011. Finally, the US markets ended higher but the crude oil price fell USD0.15 to close at USD105.60/barrel.
Market Review
Broadly higher. The FBM KLCI ended nearly 3 points higher yesterday at 1511.97 points. Market breadth continued to be very positive, with 515 gainers against 251 losers. This was despite regional market being mixed yesterday following the Dow's mild decline. Today’s news headlines are Tenaga acquires a 22.1% stake in Integrax for RM106.5m and is now the single largest shareholder, Hai-O Enterprise reports a RM6.3m 3QFY11 net profit against RM18.0m last year, BNM believes the local economy can grow at 6% this year, and Sime Darby settles its dispute with Maersk Oil Qatar and will write back RM100m to its profit & loss account. The Dow jumped 67 points overnight, which should help local stocks gain more ground today.
Technical View
Yesterday’s 5-pt rebound keeps alive the possibility of the FBM KLCI trending sideways. There is still potential for the market to consolidate between the 1,474 pt-level and the 1,530 pt-level. We will stick to this view until either one of these two levels is violated. As we mentioned yesterday, although the recent violation of the short-term uptrend line wrote off the possibility of the index creating a new uptrend in the near-term, it is still possible that the impressive rebound on 28 Feb 2010, which resulted in the creation of the “Long Lower Shadow Line”, could still overturn the previous downtrend channel into a sideways trend.
We would still like to highlight the importance of the 1,474 pt-level. As shown by the four circles in the above daily chart, every previous test of the 1,474 pt-level had been followed by a strong rebound subsequently. It was also apparent from the latest test of the 1,474 pt-level on 14 March 2010 when the index fell by about 15 pts at the day-low but rebounded when it was trading about 6 pts away from the critical 1,474-pt horizontal support line. That day, the index even bounced back with marginal gains but eventually ended the day with a loss of 0.27-pts.
Meanwhile, we maintain our bullish bias. Within the potential sideways range, look for an immediate resistance at the 1,509-1,517-pt “Downside Gap”. Next resistance is situated at the 1,530 pt-level but to the downside, there is immediate support at the 1,490 pt-level, followed by the critical 1,474 pt-level
Market Review
Higher close. The FBM KLCI gained 5 points yesterday to close at 1508.88 points led by Genting, MISC and Tenaga. This was in tandem with the rebound in the regional and global bourses yesterday. It was encouraging to note that the market breadth was decidedly positive, with 587 gainers against 200 losers. Today’s news headlines areHarbour-Link Group receives an LOI for a RM29m civil works contract at SamalajuIndustrial Park in Sarawak, Benalec Holdings receives a letter of award for earthworks, river protection works and other related works in Klang worth RM37m, while Tan Sri Azman Hashim denies looking to sell his stake in AMMB. Overnight, the Dow retook the 12,000-point territory by climbing 178 pts while the European bourses surged 1% to 2% as the attacks on Libya progress into the third day. Crude oil also rose by about USD1 per barrel to USD102. With the positive overseas influence, Malaysian stocks will likely rally further today. Immediate resistance is seen at the range of 1509 – 1517 points.
Market Review
Rebounded but still choppy. Regional markets rebounded yesterday after suffering losses over the past 2 days on concerns over the economic implications arising from the earthquake-tsunami stricken Japan. The FBM KLCI gained over 8 points to close at 1492.50. Today’s major headlines are: i) Top Glove reported a 64% fall in its 2QFY11 net profit from a year ago; ii) TMC Life aims to break even in 2011; and iii) Singpost has ruled out the possibility of buying into Pos Malaysia. Meanwhile, SEGi has also been appointed by the Government to lead the development of the integrated child care education initiative under the NKEA. Trading on the local bourse is expected to remain cautious today, with investors monitoring the situation in Japan carefully, especially given the absence of major leads domestically. Overnight, the US markets took a negative turn on very choppy trading as investors grappled with poor housing data and fears of a nuclear meltdown in Japan.
Technical View
The FBM KLCI fell by about 15 pts at the day-low but started to rebound when it was trading about 6 pts away from the critical 1,474-pt horizontal support line. The index even bounced back with marginal gains during the session but eventually ended the day with a loss of 0.27-pts. We can now analyze the index from a few perspectives. Firstly, we know that last Friday’s sharp 21.29-pt drop wrote off the possibility of the market extending its uptrend after cracking above the downtrend channel. With that, we know that the index is now more likely to trade or consolidate sideways at above the 1,474 pt-level. Another point to note is that yesterday’s market action once again signaled the importance of the 1,474 pt-level as a rather strong rebound as it emerged not far away from this horizontal support floor. Last but not least, we also know that failure to hold up the 1,474 pt-level is expected to cause technical damage. The 1,474 pt-level is a very essential level for the FBM KLCI. Should it be violated decisively, the market could succumb to panic selling pressure. As is portrayed in the above daily chart, including yesterday’s market action, this level has been tested four times and a break below it is expected to cause technical damage to the index’s near-term technical outlook. This breakdown might even eventually lead to a shift in its longer term trend. Anyhow, until the breakdown occurs, we maintain our bullish bias view. Immediate resistance is still seen at the 1,509-1,517-pt “Downside Gap” created last Friday while next resistance is situated at the 1,530 pt-level. To the downside, there is immediate support at the 1,490 pt-level, followed by the critical 1,474 pt-level.
Market View
Surprisingly defensive. The FBM KLCI fell to a low of 1480.53 pts in the morning session, mirroring the negative trend across all regional markets following the catastrophic Japanese earthquake. The market was, however, quick to pare its losses, finishing flat for the day with support seen on some blue chips. Apart from external developments related to Japan, the corporate headlines are thin today, save for Public Bank indicating that it is comfortable in maintaining its dividend payout ratio at 50% in the medium-term, while Fitters inked the Kidzania project in The Curve for RM33m. For today, we expect the underlying sentiment to remain cautious, with extended fears of a meltdown following the third explosion at the Fukushima nuclear plant yesterday.
Dagangan Bursa bercampur-campur
KUALA LUMPUR 14 Mac - Harga saham di Bursa Malaysia ditutup bercampur-campur hari ini seiring dengan pasaran Asia yang lain setelah pelabur menilai kesan sepenuhnya kejadian gempa bumi dan tsunami yang melanda Jepun pada Jumaat.
Pada pukul 5 petang, penanda aras FTSE Bursa Malaysia KLCI (FBM KLCI) susut 0.27 mata kepada 1,495.35.
Indeks Perladangan naik 53.07 mata kepada 7,664.13 manakala Indeks Perusahaan meningkat 7.73 mata kepada 2,767.27 tetapi Indeks Kewangan turun 20.43 mata kepada 13,526.82.
Indeks Emas FTSE Bursa Malaysia menambah 8.83 mata kepada 10,236.40, Indeks FTSE Bursa Malaysia Ace susut 17.88 mata kepada 4,034.17 dan Indeks FTSE Bursa Malaysia Mid 70 menokok 47.57 mata kepada 10,941.12.
Jumlah dagangan susut kepada 802.362 juta saham bernilai RM1.179 bilion daripada 1.020 bilion saham bernilai RM1.853 bilion pada Jumaat.
Saham rugi mengatasi saham untung pada 352 berbanding 308 manakala 291 kaunter diniagakan tidak berubah, 462 tidak didagangkan dan 26 yang lain digantung.
Saham berkaitan kayu naik dengan jangkaan permintaan bagi komoditi itu akan meningkat untuk pembinaan semula kawasan yang musnah akibat gempa bumi dan tsunami.
Ta Ann menokok lapan sen kepada RM4.84, Jaya Tiasa menambah 16 sen kepada RM5.01 dan WTK Holdings naik tujuh sen kepada RM1.33.
Antara saham aktif, Berjaya Retail meningkat 21.5 sen kepada 64 sen dengan tawaran menjadikan persendirian. Perisai Petroleum Teknologi susut 3.5 sen kepada 64 sen dan SAAG Consolidated kekal pada 9.5 sen.
Bagi saham wajaran tinggi, Maybank kekal pada RM8.71, CIMB Group Holdings susut enam sen kepada RM7.92, Sime Darby naik dua sen kepada RM9.05 dan Petronas Chemicals Group meningkat 19 sen kepada RM6.75.
Jumlah dagangan di Pasaran Utama susut kepada 662.396 juta saham bernilai RM1.157 bilion daripada 841.288 juta saham bernilai RM1.82 bilion.
Waran turun kepada 80.694 juta unit bernilai RM14.669 juta daripada 126.670 juta unit bernilai RM22.82 juta.
Perolehan dagangan di pasaran ACE meningkat kepada 57.784 juta saham bernilai RM6.629 juta daripada 44.47 juta saham bernilai RM6.29 juta. - Bernama
Market Review
Much lower. The FBM KLCI plunged 21.29 points to close at 1,495.62 following the massive earthquake and tsunami in Japan. Berjaya Retail Bhd is being privatised by its major shareholder Tan Sri Vincent Tan Chee Yioun through his vehicle, Premier Merchandise SB, at RM0.65 in cash per share. P.I.E. Industrial is investing RM50m in 2011 to expand its production capabilities on growing demand for high-end medical, telecommunication, and computer markets while Sime Darby Bhd has signed a share sale and purchase agreement with PT Roro Chasis Sejahtera and PT T Energy (PTTE) for the disposal of its entire 70% equity interest in PTTE. Meanwhile, Bank Negara will increase the statutory reserve requirement to 2% from 1%, effective 1 April 2011. Finally, the US markets ended higher but crude oil price sank USD1.54 to finish at USD101.16/barrel.
Technical View
As we mentioned in our previous update last month, the RM124/tonne “Downside Gap” created on 23 Feb 2010 had violated the CPO market’s near-term solid uptrend. The violation was also
confirmed with another RM59/tonne retracement in the subsequent trading day. That means that the uptrend which started since the mid-term downtrend line was violated in October last year has come to an end.
In view of the possibility that the CPO market could be in the midst of creating a major lower high, it also looks like the market could be starting to create a new downtrend channel. Anyhow, whether the market is creating a downtrend channel or not will not alter our bearish view towards the near-term market. We had previously shifted our view to bearish after the solid uptrend was violated. It was our first shift of view since October last year.
We have identified a few support levels which the market may be testing in the coming months. First support is seen at the RM3,336/tonne level, followed by the RM3,103/tonne level and the 3,000/tonne psychological mark. To the upside, there is immediate resistance at the RM3,514-RM3,669 / tonne area, which is represented by the massive “Downside Gap”. Next resistance is seen at the RM3,815-RM3,933/tonne area.
Market Review
Cautious mode. Share prices on Bursa Malaysia ended easier yesterday, with most indices slipping into negative territory in line with other regional markets. The FBM KLCI fell 6.78 pts to 1,516.91, dragged down by losses in heavyweights MISC and BAT. Turnover shrank to 1.09bn shares, with losers leading gainers 483 to 253 while 280 counters were unchanged. Among the key market news today are Ahmad Zaki wins a RM145m job, Alam Maritim’s unit bags a RM11m deal, KL Kepong drops plan to issue USD300m bonds, Selangor Dredging arm buys London property for RM48.4m, Hong Leong gets nod for USD300m bonds, Singapore’s Straits Trading seeks secondary listing in Malaysia, and Naza TTDI plans 18 new launches this year. Overnight, the DJIA plunged 228.48 pts to finish under the 12,000-mark as US jobless claims rose, China’s export growth slowed and Spain’s credit rating was cut. Therefore, we expect negative sentiment to dog the region’s bourses today.
Bursa rendah seiring pasaran serantau
KUALA LUMPUR 10 Mac - Harga-harga saham di Bursa Malaysia ditutup rendah hari ini dengan kebanyakan indek susut ke wilayah negatif, selari dengan pasaran lain di peringkat serantau.
Pelabur mengambil sikap berhati-hati berikutan pasaran serantau turun selepas data perdagangan China yang lemah, menjejaskan mereka, kata seorang peniaga.
Pada 5 petang, petunjuk pasaran FTSE Bursa Malaysia KLCI (FBM KLCI) turun 6.78 mata atau 0.45 peratus kepada 1,516.91, diseret turun oleh kerugian dalam kaunter-kaunter berwajaran tinggi terpilih seperti MISC dan BAT.
Pada pembukaan, FBM KLCI turun 0.84 mata kepada 1,522.85 sebelum bergerak antara 1,515.32 dan 1,524.12.Peniaga itu berkata aktiviti pengambilan untung terus menyekat keuntungan yang direkodkan sejak dua hari lepas.
Krisis Timur Tengah yang melonjakkan harga minyak, selain keraguan mengenai sama ada permintaan tembaga akan terus meningkat, membayangi sentimen dagangan, katanya.
Indeks Kewangan susut 29.75 mata kepada 13,720.58, Indeks Perladangan turun 22.54 mata kepada 7,722.52 dan Indeks Perusahaan susut 31.95 mata kepada 2,797.68.
Indeks Emas FTSE Bursa Malaysia turun 40.16 mata kepada 10,374.21, Indeks Ace FTSE Bursa Malaysia turun 31.48 mata kepada 4,117.21 dan Indeks FTSE Bursa Malaysia Mid 70 susut 9.02 mata kepada 11,047.65.
Jumlah dagangan berkurangan kepada 1.09 bilion saham bernilai RM1.56 bilion berbanding 1.50 bilion saham bernilai RM2.24 bilion semalam dengan kaunter rugi mengatasi kaunter untung sebanyak 483 berbanding 253 manakala 280 kaunter tidak berubah.
Saham-saham berharga rendah mengetuai kaunter aktif antaranya SAAG Consolidated susut setengah sen kepada 9.5 sen, Sumatec-WA menokok 17 sen kepada 17.5 sen, Petronas Dagangan-CB menambah 3.5 sen kepada 18.5 sen dan Borneo Oil-WB meningkat 5.5 sen kepada 39.5 sen.
Antara saham mewah, Maybank rugi satu sen kepada RM8.80, CIMB turun tiga sen kepada RM8.12, Sime Darby susut dua sen kepada RM9.10 manakala Petronas Chemicals menokok dua sen kepada RM6.72.
Jumlah dagangan di Pasaran Utama berkurangan kepada 885.97 juta saham bernilai RM1.525 bilion berbanding 1.182 bilion saham bernilai RM2.19 bilion semalam.
Waran susut kepada 148.220 juta unit bernilai RM27.35 juta berbanding 205.512 juta unit bernilai RM40.547 juta sebelumnya.Jumlah dagangan di Pasaran ACE susut kepada 53.932 juta saham bernilai RM6.146 juta berbanding 104.282 juta saham bernilai RM13.154 juta yang direkodkan semalam.- Bernama
Technical View
The technical outlook of the FBM KLCI has been favorable since the market violated the downtrend line with a 15.73-pt gain. The index continued to trade steadily since the breakout, which wrote off the possibility of the index creating a downtrend channel. Thus far, the index is developing as we haveexpected after confirming the “Long Lower Shadow Line” and violating the downtrend line.
Looking at the market action since last Friday’s strong gains, we think the index would soon be able to surpass last Friday’s intra-day high of 1,529 pts. Hence, it could be yet another round of brief downdraft after the market experienced the third major breakdown (violation of the more than 6-month old uptrend) since March 2009. The two previous major breakdowns - in January and May 2010 - also did not see the index pull back a lot more subsequently. From here, the index may start to trend sideways, or even resume its uptrend. We shifted our near-term view from neutral back to bullish on Monday.
Immediate resistance is still seen at the 1,524-1,536-pt area, followed by a tougher resistance at the 1,544 pt-level. To the downside, immediate support lies at the huge upside gap ranging from the 1,506 pt-level to the 1,519 pt-level created last Friday. The 1,500-psychological mark would represent the next support for the market.
Market Review
Broad rise. After 2 days of consolidation, the FBM KLCI moved 6 points higher yesterday to end at 1523.69 points. This was encouraged by a 124-point overnight gain on the Dow. Gainers overwhelmed losers by 575 to 211. Today’s corporate headlines include Focus Point entering into a MOU with Permodalan Nasional to develop a Focus Point franchise program, while Bank Negara will look into the merits of allowing larger foreign ownership in local banks on a case-to-case basis. The Dow closed flat last night while European bourses were down about half a percent, while crude oil closed at USD104.35 per barrel, down by USD0.67. As all these will likely have little bearing on today's market sentiment, the local bourse will likely maintain its upward trajectory from yesterday.
Bursa kukuh di akhir dagangan
KUALA LUMPUR 9 Mac - Harga-harga saham di Bursa Malaysia ditutup kukuh hari ini dengan minat pelabur kekal fokus kepada sektor-sektor berkaitan inisiatif Program Transformasi Ekonomi (ETP), khususnya perladangan, minyak dan gas, kata para peniaga.
Pada pukul 5 petang, petunjuk pasaran Indeks Komposit FTSE Bursa Malaysia KLCI (FBM KLCI) meningkat 6.03 mata atau 0.40 peratus kepada 1,523.69.Pada pembukaan, FBM KLCI dibuka 1.52 mata lebih tinggi kepada 1,519.18.Selepas itu, ia bergerak antara 1,519.18 dan 1,525.69.
Para peniaga berkata sentimen pasaran begitu positif, dirangsang oleh perkembangan korporat yang menggalakkan dan tinjauan meyakinkan terhadap pelaburan sementara prestasi semalaman Wall Street memberikan kekuatan tambahan.
Pada Selasa, Perdana Menteri Datuk Seri Najib Tun Razak mengumumkan sembilan projek baharu di bawah ETP yang akan menarik pelaburan berjumlah sehingga RM2.268 bilion, termasuk simpanan dan menjana RM11.71 bilion pendapatan negara kasar (GNI) menjelang 2020.
Trend menaik bursa tempatan juga seiring dengan pasaran saham serantau lain yang diniagakan tinggi, didorong oleh kejatuhan harga minyak.
Indeks Kewangan melonjak 114.72 mata kepada 13,750.33, Indeks Perladangan meningkat 3.35 mata kepada 7,745.06 dan Indeks Perindustrian menambah 0.03 mata kepada 2,829.63.
Indeks Emas FTSE Bursa Malaysia meningkat 65.82 mata kepada 10,414.37, Indeks ACE FTSE Bursa Malaysia mengukuh 17.10 mata kepada 4,148.69 dan Indeks Mid 70 FTSE Bursa Malaysia menambah 150.31 mata kepada 11,056.67.
Jumlah dagangan mengukuh kepada 1.50 bilion saham bernilai RM2.24 bilion daripada 1.17 bilion saham bernilai RM1.75 bilion semalam dengan saham untung mengatasi saham rugi dengan 575 berbalas 211 sementara 267 kaunter tidak berubah.
Di kalangan kaunter saham mewah, CIMB naik 14 sen kepada RM8.15, AMMB mengukuh 16 sen kepada RM6.46, Sime Darby menambah dua sen kepada RM9.12, Tenaga tidak berubah pada RM6.30 sementara Genting kerugian enam sen kepada RM10.32.
Jumlah dagangan di Pasaran Utama naik kepada 1.182 bilion saham bernilai RM2.19 bilion daripada 920.570 juta saham bernilai RM1.71 bilion semalam.
Waran-waran menokok kepada 205.512 juta unit bernilai RM40.547 juta daripada 140.197 juta unit bernilai RM25.514 juta.Jumlah dagangan di pasaran ACE menambah kepada 104.282 juta saham bernilai RM13.154 juta daripada 102.541 juta saham bernilai RM13.581 juta. - Bernama
Market Review
Bargain hunting. The FBM KLCI inched up 1.92 points to close at 1,517.66 on the back of a slight uptick in key heavyweights such as Petronas Chemical, Genting, Maybank and CIMB. Today’s corporate news include the Government announcing 9 new ETP projects involving the oil & gas, renewable energy, healthcare, tourism, agriculture and electronics sectors, McKinsey & Co has been appointed consultants to carry out the value management study on the MRT, Cypark Resources is investing RM94m to build a renewable energy park in Nilai and Heveaboard has received an offer of RM245m to acquire its assets relating to the manufacture of particleboards from Dongwha Malaysia Holdings Bhd. We expect sentiment on our local market to follow suit from Wall Street’s overnight gain of 124 points.
Pengambilan untung namun Bursa tinggi
KUALA LUMPUR 8 Mac - Harga saham di Bursa Malaysia meningkat pada Selasa dengan kegiatan pengambilan untung diterajui keuntungan dalam saham mewah dan kewangan terpilih seperti Maybank, CIMB dan Pertonas Chemicals.
Penanda aras FTSE Bursa Malaysia KLCI (FBM KLCI) naik 1.92 mata, atau 0.13 peratus, untuk ditutup pada 1,517.66 selepas dibuka 3.68 mata lebih tinggi pada 1,519.42.
Indeks utama kekal kekal melebihi paras 1,500 mata walaupun sentimen pelabur kekal berhati-hati dengan kelemahan semalaman di Wall Street.
Pasaran saham serantau juga lebih tinggi setelah harga minyak mentah turun selepas pemimpin Libya Muammar Gaddafi dipercayai akan melepaskan jawatan.
Minyak mentah Brent susut lebih US$2 pada Selasa kepada di bawah US$113 setong selepas Menteri Minyak Kuwait berkata OPEC mengadakan rundingan untuk meningkatkan pengeluaran untuk pertama kali selepas lebih dua tahun, meredakan pasaran yang terjejas oleh kemelut Timur Tengah.
Indeks Kewangan naik 43.34 mata kepada 13,635.61, Indeks Perladangan meningkat 18.35 mata kepada 7,741.71 dan Indeks Perusahaan menokok 1.59 mata kepada 2,829.60.
Indeks Emas FTSE Bursa Malaysia menambah 37.96 mata kepada 10,348.55, Indeks FTSE Bursa Malaysia Ace melonjak 105.68 mata kepada 4,131.59 dan Indeks FTSE Bursa Malaysia Mid 70 meningkat 94.72 mata kepada 10,906.36.
Jumlah dagangan naik kepada 1.17 bilion saham bernilai RM1.75 bilion, daripada 714.797 juta saham, bernilai RM1.097 bilion, dicatatkan pada Isnin dengan saham untung mengatasi rugi pada 529 berbanding 223 manakala 259 kaunter tidak berubah.
Antara saham mewah, UEM Land dan Petronas Chemicals, kedua-duanya meningkat 11 sen, masing-masing kepada RM 2.82 dan RM6.45, Genting menambah 12 sen kepada RM10.38, DRBHICOM naik sembilan sen kepada RM1.94 dan Maybank untung tiga sen kepada RM8.80.
Jumlah dagangan di Pasaran Utama meningkat kepada 920.570 juta saham bernilai RM1.71 bilion daripada 586.434 juta saham bernilai RM1.80 bilion semalam.
Waran naik kepada 140.197 juta unit bernilai 25.514 juta daripada 77.619 juta unit bernilai RM11.398 sebelumnya. Jumlah dagangan di Pasaran ACE menambah kepada 102.541 juta saham bernilai RM13.581 juta daripada 47.84 juta saham bernilai RM5.6 juta pada Isnin.- Bernama
Market Review
Still fragile. The extended geo-political issues continued to dampen regional sentiment yesterday, with the FBM KLCI sliding close to 7 points on the back of sluggish trading. Market breadth was typically negative throughout the day. Among the major casualties were airline stocks which fell as crude oil price jumped to a 2.5-year high. The major corporate headlines are (i) Sunway secures a RM74m contract from Malaysian Bio-XCell to build its central utilities plant at the Biotechnological Park in Nusajaya, (ii) Multi Sports will issue 67.5m new shares as part of the proposed Taiwan Depository Receipt (TDR) issuance, and (iii) DRB-Hicom's defence unit, Deftech, inks a RM7.6bn order from the Government for the supply of armoured vehicles. We expect the market to trade on a range bound pattern with a downside bias in search of fresh leads. Overnight, the Dow closed marginally weaker on oil price worries. concerns.
Bursa rendah di akhir dagangan
KUALA LUMPUR 7 Mac - Harga saham di Bursa Malaysia menyaksikan penutupan pada paras lebih rendah hari ini kerana dagangan tidak memberangsangkan kerana konflik yang berlaku di Libya terus membimbangkan pelabur, kata seorang peniaga.
Penanda aras, FTSE Bursa Malaysia KLCI (FBM KLCI), turun 6.87 mata atau 0.45 peratus kepada 1,515.74. Ia dibuka 1.27 mata lebih rendah pada 1,521.34.
Peniaga itu berkata, arah aliran menurun ini juga sejajar dengan prestasi pasaran-pasaran serantau dan penutupan yang lebih rendah di Wall Street, Jumaat.
Sementara itu, keadaan huru hara di Libya yang menjejaskan pengeluaran minyak berterusan, dengan kumpulan yang setia kepada kerajaan menguasai sebahagian daripada sebuah bandar di barat negara itu, Jumaat.
Indeks Kewangan jatuh 54.65 mata kepada 13,592.27, Indeks Perladangan susut 19.66 mata kepada 7,723.36 dan Indeks Perusahaan turun 17.18 mata kepada 2,828.01.
Indeks FTSE Bursa Malaysia Emas susut 54.15 mata kepada 10,310.59, Indeks FTSE Bursa Malaysia Ace luak 37.86 mata kepada 4,025.91 dan Indeks FTSE Bursa Malaysia Mid 70 berkurangan 65.75 mata kepada 10,811.64.
Jumlah dagangan mengecil 714.797 juta saham bernilai RM1.097 bilion daripada 1.13 bilion saham bernilai RM1.9 bilion Jumaat lepas.
Pasaran menyaksikan saham rugi mengatasi saham untung dengan jumlah 584 berbanding 184, manakala 243 kaunter tidak berubah.
Mengungguli senarai saham cergas hari ini ialah SAAG Consolidated, yang turun sesen kepada sembilan sen, manakala Tanco jatuh tiga sen kepada 32 sen dan DRBHicom-CD mengukuh 1.5 sen kepada 13.5 sen.
Dalam kalangan kaunter mewah, Maybank turun tiga sen kepada RM8.77, CIMB turun sesen kepada RM 7.99, Sime Darby jatuh empat sen kepada RM9.13.Bagaimanapun, RHB Capital bergerak mendatar dan masih pada RM7.98.
Jumlah dagangan dalam Pasaran Utama susut kepada 586.434 juta saham bernilai RM1.80 bilion daripada 941.71 juta saham bernilai RM1.88 bilion Jumaat lepas.
Waran susut kepada 77.619 juta unit bernilai RM11.398 juta daripada 114.49 juta unit bernilai RM15.58 juta minggu lepas.Pasaran ACE mencatatkan penyusutan jumlah dagangan kepada 47.84 juta saham bernilai RM5.6 juta daripada 64.51 juta saham bernilai RM7.1 juta sebelumnya.
- Bernama
Harga terus meningkat
KUALA LUMPUR 6 Mac - Bursa Malaysia kemungkinan terus meningkat pada minggu depan dengan jangkaan FTSE Bursa Malaysia KLCI (FBM KLCI) diniagakan antara paras 1,540 dan 1,550 mata, kata para peniaga.
Sentimen pelabur terus kekal positif dengan harapan dana asing akan mengalir masuk semula ke pasaran baru muncul kerana dolar AS yang lebih rendah selepas Rizab Persekutuan (AS) mencadangkan untuk memastikan dasar monetari yang lebih mudah.
Bagaimanapun, seorang peniaga berkata kebimbangan langkah mengetatkan dasar di pasaran-pasaran baru muncul bagi memerangi inflasi masih boleh mengehadkan kenaikan pasaran Asia, yang termasuk Malaysia.
Sementara itu, Ketua Penyelidikan Runcit Affin Investment Bank, Dr. Nazri Khan berkata, indeks utama kemungkinan diniagakan hingga kepada zon halangan apabila para pelabur memberi reaksi positif hingga kepada laporan yang menyatakan bagi mencatatkan pelan keamanan berdaya maju di Libya dan penurunan harga minyak.
"Secara asasnya, kami melihat penurunan harga sebagai satu bentuk kejatuhan selepas harga minyak mentah merosot daripada paras ketinggian bagi tempoh 29 bulan manakala AS telah mencatatkan tuntutan pengangguran terbaik di dalam tempoh tiga tahun," katanya.
Bagi fundamental, Dr. Nazri berkata, kekukuhan ringgit dan kadar faedah sebenar yang positif mendahului pemangkin pada tempoh jangka terdekat.
"Secara keseluruhannya, kami suka saham warisan inflasi (sektor minyak, gas dan perladangan) seperti Petronas Dagangan, Petronas Gas, Kulim dan KL Kepong," katanya.
Bagi minggu baru berakhir, FBM KLCI diniagakan pada jajaran sempit tetapi kebanyakannya meningkat berikutan pembelian institusi.
FBM KLCI meningkat 33.34 mata untuk ditutup kepada 1,522.61 daripada 1,489.27 yang dicatatkan Jumaat lepas.
Indeks FTSE Bursa Malaysia Emas melonjak 138.58 kepada 10,364.74, Indeks FTSE Bursa Malaysia Ace turun 141.05 mata kepada 4,063.77 dan Indeks FTSE Bursa Malaysia Mid 70 merosot 30.37 mata kepada 10,877.39.
Indeks Kewangan meningkat 25.34 mata kepada 13,646.92, Indeks Perladangan melonjak 161.64 mata kepada 7,743.02 dan Indeks Perusahaan meningkat 77.58 mata kepada 2,845.19.
Jumlah dagangan mingguan turun kepada 5.84 bilion saham bernilai RM8.7 bilion, daripada 8.58 bilion saham bernilai RM10.4 bilion, yang dicatatkan pada minggu lepas.
Perolehan Pasaran Utama merosot kepada 4.79 bilion unit bernilai RM8.57 bilion daripada 6.83 bilion unit bernilai RM10.16 bilion yang dicatatkan sebelum ini.
Jumlah dagangan di Pasaran ACE merosot kepada 499.31 juta saham bernilai RM56.02 juta berbanding dengan 1.02 bilion saham bernilai RM107.62 juta pada Jumaat lepas.
Perolehan waran merosot kepada 490.04 juta unit bernilai RM68.18 juta daripada 672.86 juta unit bernilai RM126.61 juta yang diniagakan pada minggu lepas. - Bernama
Market Review
Lower finish. The FBM KLCI lost 2.96 points to close at 1,499.28 yesterday. Petronas will invest RM250bn in exploration activities and replacement of ageing assets over the next 5 years to sustain the current level of production while Uzma Bhd secures a RM200m contract from Petronas. Celcom Axiata Bhd intends to spend RM1bn this year to transform its network to be Long Term Evolution or 4G ready to support the rapidly growing data demand while Proton Holdings’ next generation vehicles will incorporate selected technology and manufacturing expertise from Nissan Motor Co Ltd following a feasibility study. Meanwhile, Poly Glass Fibre (M) Bhd will spend RM10m in FY12 to expand its plant facilities. Finally, both the US markets and crude oil closed higher yesterday, with crude oil price jumping USD2.60 to USD102.23/barrel.
Pengambilan untung Bursa ditutup rendah
KUALA LUMPUR 2 Mac - Harga-harga saham ditutup rendah di Bursa Malaysia hari ini ekoran aktiviti pengambilan untung apabila pasaran dunia meneruskan aliran menurun berikutan kebimbangan terhadap krisis Timur Tengah, kata peniaga.
Petunjuk pasaran FTSE Bursa Malaysia KLCI (FBM KLCI) ditutup pada 1,499.28, susut 0.2 peratus atau 2.96 mata selepas dibuka 8.64 mata lebih rendah pada 1,493.60.Indeks utama membendung kerugian pada sesi pagi namun pasaran kekal lemah secara keseluruhannya berikutan jualan berterusan saham-saham berwajaran tinggi utama.
Indeks 30 syarikat bermodal besar bergerak antara 1,488.95 dan 1,499.28 mata sepanjang hari.Seorang peniaga berkata krisis di Timur Tengah dan Afrika Utara serta peningkatan harga minyak mungkin terus menjejaskan sentimen pelabur dan menyebabkan pasaran terus lemah dalam jangka terdekat.
Indeks Kewangan susut 95.94 mata kepada 13,503.66 dan Indeks Perladangan turun 45.48 mata kepada 7,513.86 Indeks Perusahaan bagaimanapun meningkat 13.78 mata kepada 2,790.71.
Indeks FTSE Bursa Malaysia Emas turun 76.21 mata kepada 10,194.51, Indeks FTSE Bursa Malaysia Ace susut 128.49 mata kepada 3,960.90 dan Indeks FTSE Bursa Malaysia Mid 70 turun 192.62 mata kepada 10,689.28.
Jumlah dagangan meningkat kepada 1.36 bilion saham bernilai RM1.72 bilion berbanding 1.12 bilion saham bernilai RM1.51 bilion sebelumnya.Kaunter rugi mengatasi kaunter untung sebanyak 796 berbanding 117 manakala 198 kaunter tidak berubah.
Antara saham aktif, Transmile menokok setengah sen kepada tujuh sen dan kaunter itu akan digantung esok menjelang penyahsenaraiannya dari Bursa Malaysia pada 7 Mac. Tanco turun empat sen kepada 33 sen dan SAAG Consolidated susut satu sen kepada lapan sen.
Kaunter berwajaran tinggi, Maybank menokok satu sen kepada RM8.68 manakala CIMB dan Sime Darby turun enam sen dan satu sen, kepada RM8.00 dan RM9.03.
Jumlah dagangan di Pasaran Utama meningkat kepada 1.09 bilion saham bernilai RM1.69 bilion berbanding 935.26 juta saham bernilai RM1.49 bilion semalam.
Perolehan dagangan waran meningkat kepada 107.9 juta unit bernilai RM14.4 juta berbanding 83.37 juta unit bernilai RM11.72 juta yang dicatatkan pada Selasa. Jumlah dagangan di Pasaran ACE meningkat kepada 148.99 juta saham bernilai RM13.69 juta berbanding 86.17 juta unit bernilai RM11.51 juta semalam. - Bernama
Market Review
Narrow rally. The FBM KLCI managed to claw back above the 1500-point psychological level with a 12-point gain yesterday. The big gainers among the index component stocks were Genting, Digi, Petronas Dagangan, RHB Cap and AMMB. Market breadth was still negative though, with losers beating gainers by 412 to 356. There were only 3 gainers among the top 20 most active stocks. Today’s news headlines are the second Capital Market Masterplan is now delayed to June, while RHB Capital proposes a dividend reinvestment plan for shareholders. Overnight, the Dow lost 168 points to 12,058 points as crude oil rose to USD100.60 per barrel and gold price surged to record high of USD1,434 per ounce as tension continues in the Middle East. The FBM KLCI will likely ease back today and struggle to hold the 1,500-point level.
Technical View
The bulls would have been glad to see follow-through buying yesterday after the more than 10-pt rebound off Monday’s low. The “Long Lower Shadow Line” was confirmed by yesterday’s more than 10-pt rebound off Monday’s day-low.
Following the creation of the bullish reversal signal, there is a possibility that the index will start trending sideways for a while before looking for its next direction. Yesterday’s market action was at least in line with this possibility.
Nevertheless, the “Lower Shadow Line” has not written off the possibility of the market creating a downtrend channel. We have drawn the potential downtrend channel in the above daily chart but it will take a while for the market to confirm it.
While watching if the index is in the midst of creating of a downtrend channel, we are sticking to our Neutral view. Moreover, the market has violated the uptrend line which had previously supported an uptrending market for more than 6 months.
From the current level, immediate support is now situated at the 1,500 psychological mark, followed by the 1,490 pt-level and the 1,472 pt-level. To the upside, we are eyeing the 1,524-1,536-pt area as the immediate resistance.
Following the creation of the bullish reversal signal, there is a possibility that the index will start trending sideways for a while before looking for its next direction. Yesterday’s market action was at least in line with this possibility.
Nevertheless, the “Lower Shadow Line” has not written off the possibility of the market creating a downtrend channel. We have drawn the potential downtrend channel in the above daily chart but it will take a while for the market to confirm it.
While watching if the index is in the midst of creating of a downtrend channel, we are sticking to our Neutral view. Moreover, the market has violated the uptrend line which had previously supported an uptrending market for more than 6 months.
From the current level, immediate support is now situated at the 1,500 psychological mark, followed by the 1,490 pt-level and the 1,472 pt-level. To the upside, we are eyeing the 1,524-1,536-pt area as the immediate resistance.
FBM KLCI kembali 1,500 mata
KUALA LUMPUR 1 Mac - Harga-harga saham di Bursa Malaysia ditutup bercampur-campur hari ini dengan FTSE Bursa Malaysia KLCI (FBM KLCI) menokok semula kepada paras 1,500 mata, kata para peniaga.
Indeks utama itu meningkat 10.99 mata, atau 0.74 peratus, untuk ditutup pada 1,502.24 selepas dibuka 3.63 mata lebih tinggi pada 1,494.88 pagi tadi.
Prestasi cergas adalah berikutan belian susulan berterusan pada saham berwajaran tinggi seperti Genting, Axiata, Sime Darby dan Maybank, selepas kerugian mereka baru-baru ini.Indeks itu bergerak antara 1,492.70 dan 1,502.24 sepanjang hari.
HwangDBS Vickers Research Sdn Bhd berkata, bursa tempatan itu melihat peningkatan teknikal ketika ia cuba pulih daripada kerugian 34.6 mata yang dialami semenjak Isnin lepas.
Indeks Kewangan meningkat 69.42 mata kepada 13,599.60, Indeks Perladangan naik 18.63 mata kepada 7.559.34 dan Indeks Perusahaan naik 7.64 mata pada 2,776.93.
Indeks FTSE Bursa Malaysia Emas naik 55.18 mata kepada 10,270.72 dan Indeks FTSE Bursa Malaysia Mid 70 naik 29.29 mata kepada 10,881.90.Indeks ACE FTSE Bursa Malaysia, bagaimanapun susut 28.72 mata kepada 4,089.39.
Secara keseluruhan, dagangan adalah tipis dengan jumlah dagangan 1.12 bilion saham bernilai RM1.51 bilion berbanding 1.16 bilion saham bernilai RM2.04 bilion semalam.
Saham rugi mengatasi untung 412 berbanding 356 sementara 310 kaunter tidak berubah. Di kalangan saham aktif, SAAG Consolidated dan Tanco kedua-duanya susut 1.5 sen setiap satu pada masing-masing sembilan sen dan 37 sen, sementara Karambunai susut setengah sen kepada 19.5 sen.
Bagi saham wajaran tinggi, Sime Darby naik lapan sen kepada RM9.04 dan Axiata naik 11 sen kepada RM4.99. CIMB tidak berubah pada RM8.06.
Jumlah dagangan pada Pasaran Utama menyusut kepada 935.26 juta saham bernilai RM1.49 bilion daripada 953.73 juta saham bernilai RM2.02 bilion semalam.
Warant menyusut kepada 83.37 juta unit bernilai RM11.72 juta daripada 87.19 juta unit bernilai RM12.28 juta pada Isnin.
Perolehan dagangan di pasaran ACE menyusut kepada 86.17 juta saham bernilai RM11.51 juta daripada 109.78 juta unit bernilai RM12.01 juta sebelumnya.
- Bernama
Market Value
Still cautious. The underlying tone of the market remained cautious, with investors switching to more defensive names in light of the prevailing geo-political concerns The final day of the current reporting season saw the likes of big cap Maxis unveiling results that were in line while steel companies, Perwaja and Kinsteel disappointed. Maxis also dished out a fourth interim and final dividend of 16 sen/share for the quarter. Meanwhile, AirAsia X has inked a contract to purchase 3 new A330-200s for its route expansion strategy while Felda Global and TNB will be working jointly on a bio-mass plant. The market is likely to consolidate further given the dearth in domestic leads, with the stronger close on the Dow overnight acting as a buffer. After spiking to USD120 per barrel last week on Middle East tensions, Brent crude settled at USD112 per barrel on Monday, providing some solace for the financial markets.
Technical View
The way the market opened and rebounded off the day-low towards the closing yesterday was somewhat similar to last Monday and Wednesday’s trading sessions. The index dropped by more than 10 pts yesterday but ended up with about 2-pt gain. As a result, it left behind a “Long Lower Shadow Line”, which indicates the market’s desire to stay above the recent low.
With this candlestick, there is a possibility that the market may be able to start trending sideways for a while before deciding on a next direction ahead. Nevertheless, the “Lower Shadow Line” has not written off the possibility of the market creating a downtrend channel. We have already drawn the potential downtrend channel in the above daily chart but it would take a while for the market to confirm it.
While watching if the index is in the midst of creating a downtrend channel, we are sticking to our Neutral view. Moreover, the market has violated the uptrend line which had previously supported its uptrend for more than 6 months.
From the current level, immediate support still lies at the 1,490 pt-level, followed by the 1,472 ptlevel.
To the upside, we are now eyeing immediate resistance at the 1,500 psychological mark, followed by the 1,524-1,536-pt area.
FMB KLCI ditutup tinggi dalam sentimen lemah
KUALA LUMPUR 28 Feb - Harga-harga saham di Bursa Malaysia ditutup lemah berikutan pelabur enggan mengambil kedudukan baharu, namun petunjuk pasaran FTSE Bursa Malaysia KLCI (FBM KLCI) kekal dalam wilayah positif susulan minat terhadap saham-saham berwajaran tinggi terpilih.
Indeks utama ditutup 0.13 peratus atau 1.98 mata lebih tinggi pada 1,491.25, selepas dibuka 4.13 mata lebih tinggi pada 1,493.40 pagi ini.Sepanjang hari, indeks 30 saham utama bergerak antara paras 1,474.38 dan 1,493.97 mata.
Krisis politik semasa di Timur Tengah dan Afrika Utara menjejaskan keyakinan dan prospek pertumbuhan.
Hwang DBS Vickers Research Sdn Bhd berkata, pelabur mahu menjual ekuiti di seluruh rantau ini selari dengan anjakan dana dari Asia kembali ke pasaran maju.
Mengenai Bursa Malaysia, Indeks Kewangan meningkat 8.60 mata kepada 13,530.18, Indeks Perusahaan menokok 1.68 mata kepada 2,769.29 manakala Indeks Perladangan susut 40.67 mata kepada 7,540.71.
Indeks FTSE Bursa Malaysia Emas turun 10.62 mata kepada 10,215.54, Indeks FTSE Bursa Malaysia Ace susut 86.71 mata kepada 4,118.11 manakala Indeks FTSE Bursa Malaysia Mid 70 turun 55.14 mata kepada 10,852.61.
Jumlah dagangan berkurangan kepada 1.16 bilion saham bernilai RM2.04 bilion berbanding 1.39 bilion saham bernilai RM1.79 bilion yang direkodkan pada Jumaat
Kaunter rugi mengatasi kaunter untung sebanyak 626 berbanding 228 manakala 223 kaunter tidak berubah.
Antara saham aktif, Tanco Holdings turun 1.5 sen kepada 38.5 sen, Jotech Holdings susut setengah sen kepada 14 sen dan Transmile Group turun 3.5 sen kepada tujuh sen.
Bagi saham berwajaran tinggi, Maybank susut dua sen kepada RM8.62, CIMB berkurangan satu sen kepada RM8.06 manakala Sime Darby turun lapan sen kepada RM8.96.
Jumlah dagangan di Pasaran Utama susut kepada 953.73 juta saham bernilai RM2.02 bilion berbanding 1.13 bilion saham bernilai RM1.76 bilion yang direkodkan Jumaat lepas.
Perolehan dagangan di Pasaran ACE berkurangan kepada 109.78 juta saham bernilai RM12.01 juta berbanding 159.44 juta saham bernilai RM15.96 juta.
Jumlah dagangan waran juga turun kepada 87.19 juta unit bernilai RM12.28 juta berbanding 95.2 juta unit bernilai RM16.54 juta sebelumnya. - Bernama
TECHNICAL REVIEW -28 February 2011
Last Thursday’s slightly more than 20-pt retracement has increased the odds of the market creating a downtrend channel. Judging from the very volatile trading days prior to last Thursday’s sharp retracement, it looks like the bears were returning the market to challenge the bulls’ dominance.
What is more worrying for the bulls now is that the index is at great risk of creating another lower low after seeing last Friday’s dead cat bounce. A crack below the recent low of 1,490 pt-level will likely see the market retracing to the next strong support situated at the 1,472 pt-level.
While watching if the index is in the midst of creating of a downtrend channel, we are sticking to our Neutral view. This possibility is obviously high after last Thursday’s more than 20-pt retracement and the violation of the uptrend line.
From the current level, immediate support lies at the 1,490 pt-level, followed by the 1,472 pt-level. To the upside, we are now eyeing immediate resistance at the 1,500 psychological mark, followed by the 1,524-1,536-pt area.
What is more worrying for the bulls now is that the index is at great risk of creating another lower low after seeing last Friday’s dead cat bounce. A crack below the recent low of 1,490 pt-level will likely see the market retracing to the next strong support situated at the 1,472 pt-level.
While watching if the index is in the midst of creating of a downtrend channel, we are sticking to our Neutral view. This possibility is obviously high after last Thursday’s more than 20-pt retracement and the violation of the uptrend line.
From the current level, immediate support lies at the 1,490 pt-level, followed by the 1,472 pt-level. To the upside, we are now eyeing immediate resistance at the 1,500 psychological mark, followed by the 1,524-1,536-pt area.
MARKET REVIEW - 28 February 2011
Mixed on mild profit taking. Bursa Malaysia ended mixed last Friday on mild profittaking, with finance and plantation stocks leading the decliners. FBM KLCI retreated to close 0.6 pts lower to end last week at 1,489.27 pts although gainers outpaced losers by 524 to 300 while 258 counters were unchanged. Among the key market news are Bank Negara said it will begin to gradually increase motor insurance premiums beginning next year, Hong Kong-based Asia Minerals Ltd plans to build a manganese smelting plant in Sarawak, Datuk TajuddAin Atan is the new Bursa CEO, the Government remains committed to implement the biodiesel B5 mandate in stages from June 2011, AirAsia may raise USD400m in foreign IPOs, TM, which saw net profit surge to RM400.6m, announced a 29 sen a share capital distribution and CIMB rakes in record profit of RM3.52bn. Wall Street stocks piled up steady gains last Friday as Libya jitters eased and investors digested easing oil prices and weaker-than-expected data on US economic growth. The DJIA climbed 61.95 pts to finish at 12,130.45.
MARKET REVIEW - 25 February 2011
Key index falls below 1,500. The FBM KLCI fell further to close at 1,489.87, or 21.24 pts lower, in tandem with a negative Wall Street finish as well as news of local inflation pressure. Among the key market news are sources said motor insurance is to cost more, Proton and Perodua have been asked to prepare their roadmaps on how they plan to be competitive, Tanjung Offshore won a RM33.5mn contract extension to provide three offshore support vessels and EONCap’s CEO resigns. Overnight, most American stocks rose and oil retreated to below USD100 a barrel after the US, Saudi Arabia and International Energy Agency said they could offset any supply disruptions from Libya. However, the DJIA still fell 37.28 pts to close at 12,068.5. As such, we expect the market may continue to consolidate pending fresh leads.
TECHNICAL REVIEW - 25 February 2011
After seeing Tuesday’s RM124 / tonne “Downside Gap” which was confirmed by yesterday’s RM / tonne sell-off, we can comfortably say that the uptrend which started since the mid-term downtrend line was violated in October last year has come to an end.
On Tuesday, as CPO prices gapped down at the opening, the market violated a rather crucial horizontal support floor at the RM3,611 / tonne level. Not only that, the “Downside Gap” also confirmed last Friday’s violation of the uptrend line which had previously supported the CPO market’s rising trend for about 6 months. And the yesterday’s sell-off confirms this “Downside Gap”.
The near-term technical outlook of the CPO market has shifted from bullish to bearish. This is the first time that we are shifting our view towards the near-term market since October last year.
We have identified a few support levels which the market may be testing in the coming months. First support is seen at the RM3,336 / tonne level, followed by the RM3,103 / tonne level and the 3,000 / tonne psychological mark. To the upside, there is immediate resistance at the RM3,045-RM3,669 / tonne area, which is represented by the “Downside Gap” created on Tuesday. Next resistance is seen at the RM3,815-RM3,933 / tonne area.
On Tuesday, as CPO prices gapped down at the opening, the market violated a rather crucial horizontal support floor at the RM3,611 / tonne level. Not only that, the “Downside Gap” also confirmed last Friday’s violation of the uptrend line which had previously supported the CPO market’s rising trend for about 6 months. And the yesterday’s sell-off confirms this “Downside Gap”.
The near-term technical outlook of the CPO market has shifted from bullish to bearish. This is the first time that we are shifting our view towards the near-term market since October last year.
We have identified a few support levels which the market may be testing in the coming months. First support is seen at the RM3,336 / tonne level, followed by the RM3,103 / tonne level and the 3,000 / tonne psychological mark. To the upside, there is immediate resistance at the RM3,045-RM3,669 / tonne area, which is represented by the “Downside Gap” created on Tuesday. Next resistance is seen at the RM3,815-RM3,933 / tonne area.
TECHNICAL REVIEW - 24 February 2011
Over the last three trading days, the index had swung drastically in both directions – at least 10 pts or so from the day-low to the day-high. And over the last two sessions, the index gapped down by more than 5 pts at the opening. Every single early pullback experienced by the market over the last three sessions was followed by concerted effort to bounce back above the flat line. Nevertheless, the index still ended lower over the last two sessions.
Technically, what we can depict from the market action over the last three days is that the market is in a state of confusion. Those with a bearish bent expect further weakness ahead as the index had already violated the uptrend line which had previously supported its uptrend for more than 6 months. Moreover, it still looks like the index could be creating a potential downtrend channel. On the other hand, there are many bargain hunters who like to accumulate shares on seeing the FBM KLCI drop by more than 10 pts.
Our view remains the same - that as long as the market remains stuck within the potential downtrend channel that we have drawn, this means there is still a possibility that the index may be forming a downtrend channel, especially since it has already created a lower high and lower low.
While watching if the index is in the midst of creating of a downtrend channel, we are sticking to our Neutral view. Do not forget that the index is now trading at below the uptrend line.
From the current level, there is still immediate support at the 1,505 pt-level, followed by the 1,500 ptpsychological level. To the upside, there is initial resistance at the 1,524-1,536-pt area.
Technically, what we can depict from the market action over the last three days is that the market is in a state of confusion. Those with a bearish bent expect further weakness ahead as the index had already violated the uptrend line which had previously supported its uptrend for more than 6 months. Moreover, it still looks like the index could be creating a potential downtrend channel. On the other hand, there are many bargain hunters who like to accumulate shares on seeing the FBM KLCI drop by more than 10 pts.
Our view remains the same - that as long as the market remains stuck within the potential downtrend channel that we have drawn, this means there is still a possibility that the index may be forming a downtrend channel, especially since it has already created a lower high and lower low.
While watching if the index is in the midst of creating of a downtrend channel, we are sticking to our Neutral view. Do not forget that the index is now trading at below the uptrend line.
From the current level, there is still immediate support at the 1,505 pt-level, followed by the 1,500 ptpsychological level. To the upside, there is initial resistance at the 1,524-1,536-pt area.
Saham murah pulihkan Bursa Malaysia
KUALA LUMPUR 23 Feb - Harga saham di Bursa Malaysia, yang dicatatkan rendah pada sesi awal, melantun semula untuk ditutup bercampur-campur berikutan aktiviti mencari saham murah, kata para peniaga. Indeks utama, yang dibuka pada paras 1,504.26 pagi ini, mencecah paras tertinggi harian 1,516.52 pada jam 3.56 petang selepas mencatatkan turun naik.
Pada jam 5 petang, FTSE Bursa Malaysia KLCI (FBM KLCI) turun 2.52 mata atau 0.17 peratus kepada 1,511.11, di mana kaunter untung mengatasi kaunter rugi sebanyak 433 kepada 386, manakala 274 kaunter tidak berubah.
Seorang penganalisis syarikat pembrokeran berkata kejutan yang baik mengenai laporan pendapatan syarikat berwajaran tinggi telah menutup kejatuhan harga semalaman di Wall Street dan kegelisahan mengenai kegawatan politik di Asia Barat.
Indeks Kewangan turun 6.02 mata kepada 13,700.49 dengan harga saham pemberi pembiayaan utama, Maybank, meningkat semula daripada paras kerugian untuk ditutup kepada RM8.72, turun 2.0 sen.Indeks Perladangan merosot 24.73 mata kepada 7,735.37.
Indeks Perusahaan merosot 16.70 mata kepada 2,817.13.Indeks FBM Emas rugi 21.029 mata kepada 10,386.99 dan Indeks FBM70 turun 62.07 mata kepada 11,099.38.Indeks FBM Ace pula meningkat 40.92 mata kepada 4,283.25.
Jumlah dagangan meningkat kepada 1.695 bilion saham bernilai RM2.046 bilion daripada 1.655 bilion saham bernilai RM1.875 bilion semalam.
Di kalangan saham aktif, Tanco menokok 15.5 sen kepada 42 sen, Karambunai menokok 1.5 sen kepada 21.5 sen dan Ho Wah Genting meningkat 6.0 sen kepada 70.5 sen.
Di kalangan saham berwajaran tinggi, Public Bank meningkat 16 sen kepada RM13.24 dan Petronas Chemical, yang dijangka mengumumkan keputusan suku tahunnya lewat minggu ini, menokok 4.0 sen kepada RM6.25 dan DiGi.Com melonjak 20 sen kepada RM26.40.
Jumlah dagangan Pasaran Utama meningkat kepada 1.424 bilion saham bernilai 2.004 bilion daripada 1.359 bilion saham bernilai RM1.832 bilion pada Selasa.
Perolehan di Pasaran ACE merosot kepada 137.501 juta unit bernilai RM18.458 juta daripada 158.014 juta unit bernilai RM176.321 juta semalam.
Waran merosot kepada 119.311 juta saham bernilai RM21.768 juta daripada 122.568 juta unit bernilai RM23.570 juta sebelum ini.
- Bernama
TECHNICAL REVIEW - 23 February 2011
After the index’s impressive rebound on Monday, we had not expected it to give back all of the 8.29 pts gained that day. In fact, the index gapped down at the opening, which was a surprise.
Hence, the market remains stuck within the potential downtrend channel that we have drawn. This means there is still a possibility that the index may be creating a downtrend channel, especially since it has already created a lower high and lower low.
While watching if the index is in the midst of creating of a downtrend channel, we are sticking to our Neutral view. Do not forget that the index is now trading at below the uptrend line.
From the current level, there is still immediate support at the 1,505 pt-level, followed by the 1,500 ptpsychological level. To the upside, there is initial resistance at the 1,524-1,536-pt area.
Hence, the market remains stuck within the potential downtrend channel that we have drawn. This means there is still a possibility that the index may be creating a downtrend channel, especially since it has already created a lower high and lower low.
While watching if the index is in the midst of creating of a downtrend channel, we are sticking to our Neutral view. Do not forget that the index is now trading at below the uptrend line.
From the current level, there is still immediate support at the 1,505 pt-level, followed by the 1,500 ptpsychological level. To the upside, there is initial resistance at the 1,524-1,536-pt area.
MARKET REVIEW -23 February 2011
Volatile trading. The KLCI dropped 12.22 points to 1,513.63 points given external concerns on Libya and the contagion effect on the rest of the oil-rich Middle East region which could potentially disrupt global oil supplies and cause a spike in oil prices, and hence a dampener on global economic growth. Today’s corporate news are TNB has completed the pre-qualification tender for Malaysia’s first solar powered plant, TM and Celcom may enter a 10-year concession that will see TM re-enter the cellular business and Malaysia reported a 8% y-o-y increase in total vehicle sales for the month of Jan 2011. Overnight, Wall Street closed 178.46 points lower on the back of geopolitical
risks in the Middle East, which is likely to cap the performance of our local market today.
risks in the Middle East, which is likely to cap the performance of our local market today.
TECHNICAL REVIEW -22 February 2011
Yesterday was one of the most volatile sessions we can remember in recent months. The index started off with a gain of about 5 pts but dipped into negative territory not too long after and even lost as much as 12.02 pts at one point during the day. The market found support at the previous major recent-low of 1,505 pts, and then started to bounce back, eventually ending with a 8.29-pt gain.
Using the potential downtrend channel as guidance, yesterday’s strong push off the 1,505 pt-level was capped right below the downtrend line of the potential channel. Hence, there is still a possibility that the index may create a downtrend channel. We stick to our Neutral view towards the near- termmarket for now.
The retracement that started since the beginning of the year from the historic high has not harmed the market’s mid-term uptrend. Hence, the mid-term technical outlook of the FBM KLCI remains firmly bullish.
From the current level, there is still an immediate support at the 1,505 pt-level, followed by the 1,500 pt-psychological level. To the upside, there is initial resistance at the 1,524-1,536-pt area.
Using the potential downtrend channel as guidance, yesterday’s strong push off the 1,505 pt-level was capped right below the downtrend line of the potential channel. Hence, there is still a possibility that the index may create a downtrend channel. We stick to our Neutral view towards the near- termmarket for now.
The retracement that started since the beginning of the year from the historic high has not harmed the market’s mid-term uptrend. Hence, the mid-term technical outlook of the FBM KLCI remains firmly bullish.
From the current level, there is still an immediate support at the 1,505 pt-level, followed by the 1,500 pt-psychological level. To the upside, there is initial resistance at the 1,524-1,536-pt area.
MARKET REVIEW - 22 February 2011
Choppy trading. The underlying sentiment on regional markets continued to be cautious due to external geopolitical concerns, with the FBM KLCI paring its losses in the morning session following Maybank's strong 1HFY11 results. Other notable results released were that of KFC Holdings, which reported a 39% y-o-y rise in net profit for its 2Q supported by its network expansion and aggressive marketing programs. AMMB will acquire a 100% stake in AmIslamic Bank for RM1.3bn in an internal restructuring. With the unsettling external developments spooking investors, attention has naturally gravitated towards the domestic reporting season, which is expected to see a tide of big caps releasing their numbers over the next few days, including CIMB, AirAsia and Axiata Group. Pending any major negative surprise on the results front, the downside risk on the local bourse should be mitigated. Wall Street was closed yesterday for a national holiday.
TECHNICAL REVIEW -21 February 2011
With the index losing about 47 pts on the 9th, 10th and 11th of Feb, last Friday’s 9-pt gain may seem encouraging, but it could just be a technical rebound from the nearly 50 pts of losses recorded previously. Even though the FBM KLCI has now returned back above the previous recent low of 1,505 pt-level in a convincing manner, we still cannot tell if the index has bottomed out.
Last week, we drew a potential downtrend channel which we hope could help us in reading the nearterm market direction. Having created a lower high last week, there is a possibility that the index may start creating a downtrend channel and eventually retrace to the next key low of 1,474 pts. Last Friday’s rebound emerged within our potential downtrend channel and did not clearly signal the end of the retracement starting at the historic high. Also, do not forget that the index has violated the strong uptrend line.
We stick to our Neutral view towards the near-term market for now. The retracement that started since the beginning of the year from the historic high has not harmed the market’s mid-term uptrend. Hence, the mid-term technical outlook of the FBM KLCI remains firmly bullish.
From the current level, there is still an immediate support at the 1,505 pt-level, followed by the 1,500 pt-psychological level. To the upside, we continue to look for initial resistance at the 1,524-1,536-pt area.
Last week, we drew a potential downtrend channel which we hope could help us in reading the nearterm market direction. Having created a lower high last week, there is a possibility that the index may start creating a downtrend channel and eventually retrace to the next key low of 1,474 pts. Last Friday’s rebound emerged within our potential downtrend channel and did not clearly signal the end of the retracement starting at the historic high. Also, do not forget that the index has violated the strong uptrend line.
We stick to our Neutral view towards the near-term market for now. The retracement that started since the beginning of the year from the historic high has not harmed the market’s mid-term uptrend. Hence, the mid-term technical outlook of the FBM KLCI remains firmly bullish.
From the current level, there is still an immediate support at the 1,505 pt-level, followed by the 1,500 pt-psychological level. To the upside, we continue to look for initial resistance at the 1,524-1,536-pt area.
MARKET REVIEW - 21 February 2011
Closed higher. The FBM KLCI was up 9.0 points to close at 1,517.56. The growth of the Malaysian economy in 2010 was higher than official expectations as the economy expanded by 7.2% compared with the official projection of 7.0% and compared to a contraction of 1.7% in 2009. India expects to buy more palm oil from Malaysia in 2011 given the current shortage of edible oils in the country. Meanwhile, Malaysia’s palm oil export to India had dropped to 1.16m tonnes in 2010 compared with 1.35m tonnes in 2009. UMW Toyota Motor is anticipating Malaysia’s car sales to exceed 90k units this year to maintain its market share at 15%. Finally, both the US markets and crude oil price closed higher on Friday. Crude oil price was up USD0.87 to close at USD89.71/barrel.
Bursa diunjur tinggi minggu ini
KUALA LUMPUR 20 Feb. - Bursa tempatan dijangka diniagakan tinggi minggu ini, disokong oleh angka pertumbuhan ekonomi yang menggalakkan tahun lepas, selain sentimen positif dalam pasaran Asia, kata penganalisis.
Berikutan ketegangan semasa di Timur Tengah, mereka berkata, pelabur akan melihat Asia sebagai enjin pertumbuhan utama dunia.
"Pasaran dijangka lebih berdaya tahan dengan potensi peningkatan dan melangkau ke paras 1,550 mata dalam tempoh terdekat, kata Ketua Penyelidikan Runcit Affin Investment Bank, Dr. Nazri Khan kepada Bernama.
Pasaran ditutup tinggi minggu ini kepada 1,517.56.
"Meskipun kebimbangan mengenai inflasi semakin meningkat, kami masih melihat tema - Asia sebagai enjin pertumbuhan utama dunia - secara umumnya kukuh dalam tempoh sederhana," katanya.
Pada Jumaat, Bank Negara Malaysia mengumumkan Keluaran Dalam Negara Kasar (KDNK) Malaysia untuk tahun lepas berkembang 7.2 peratus berbanding penguncupan 1.7 peratus pada 2009 manakala pertumbuhan suku keempat menyederhana kepada 4.8 peratus berbanding 5.3 peratus pada suku ketiga.
Ia merupakan kadar pertumbuhan tahunan terpantas sejak 2000, yang tidak ragu-ragu lagi akan menggalakkan pelabur mengumpul saham.
"Kami yakin pelabur institusi sudah mula membeli, dengan banyak saham mencatat keputusan pendapatan yang positif bagi tempoh suku keempat," katanya.
Bayangan bahawa kadar faedah akan dinaikkan dan kitaran pelaburan yang meningkat, dilihat sebagai pemangkin asas yang penting dalam jangka terdekat.
"Sudah ada tanda-tanda yang menunjukkan pelaburan yang semakin rancak dan penggabungan korporat sudah bermula dengan pelaburan langsung asing dan penggabungan dan pengambilalihan masing-masing meningkat lebih 400 peratus dan 300 peratus pada 2010 - kadar pertumbuhan paling pantas di Asia Pasifik," katanya.
Pada Jumaat, FBM KLCI meningkat mengatasi paras psikologi 1,500 mata, hasil daripada keuntungan ketara dalam kebanyakan syarikat berkaitan indeks.
Mengikut asas mingguan, FBM KLCI meningkat 23.04 mata kepada 1,517.56 berbanding 1,494.52.
Indeks Emas meningkat 155.77 kepada 10,508.58 daripada 10,352.81 dan Indeks FBM70 Index menokok 239.60 mata kepada 11,442.27 berbanding 11,202.67, namun Indeks FBM Ace susut 50.57 mata kepada 4,455.59 berbanding 4,506.16.
Indeks Kewangan meningkat 201.53 mata kepada 13,720.64 daripada 13,519.11, Indeks Perusahaan menokok 21.67 mata kepada 2,857.56 daripada 2,835.89 manakala Indeks Perladangan menambah 70.52 mata kepada 7,880.01 berbanding 7,809.49.
Jumlah dagangan bagi minggu yang baru berakhir susut kepada 7.09 bilion saham bernilai RM7.637 bilion berbanding 12.51 bilion saham bernilai RM13.55 bilion pada minggu dagangan yang pendek minggu lalu.
Jumlah dagangan di pasaran utama berkurangan kepada 1.238 bilion saham bernilai RM441.856 juta berbanding 9.99 bilion saham bernilai RM13.08.
Jumlah dagangan di Pasaran ACE susut kepada 29.105 juta saham bernilai RM5.434 juta berbanding 1.582 bilion saham bernilai RM235.71 juta.
Waran susut kepada 104.507 juta unit bernilai RM19.004 juta berbanding 845.51 juta unit bernilai RM213.92 juta. - BERNAMA
Bursa ditutup bercampur-campur
KUALA LUMPUR 17 Feb - Harga saham di Bursa Malaysia ditutup bercampur-campur hari ini berikutan tekanan kecil jualan asing, kata para peniaga.
Mereka berkata indeks utama kekal positif yang dibantu oleh keuntungan kaunter kewangan terpilih seperti Maybank dan Kumpulan CIMB.
Sehingga jam 5 petang, FTSE Bursa Malaysia KLCI (FBM KLCI) meningkat 2.26 mata atau 0.15 peratus kepada 1,508.56 di dalam dagangan berhati-hati selepas dibuka meningkat 2.23 mata kepada 1,508.53.
"Pasaran sedang mengukuh sekitar paras 1,500 mata hari ini," kata seorang peniaga.
Ulasan Perdana Menteri Datuk Seri Najib Tun Razak bahawa pertumbuhan keluaran dalam negara kasar (KDNK) negara ini bagi 2010 kemungkinan melebihi 6.0 peratus telah membantu menaikkan sentimen manakala Wall Street membantu semasa pembukaan.
Indeks Kewangan meningkat 77.711 mata kepada 13,638.23, Indeks FBM Emas meningkat 11.55 kepada 10,437.17 dan Indeks FBM70 menokok 36.02 mata kepada 11,316.96.
Indeks Perladangan turun 68.14 mata kepada 7,863.90, Indeks Perusahaan turun 3.94 kepada 2,849.28 dan Indeks FBM merosot 67.20 mata kepada 4,486.87.
Kaunter rugi mengatasi kaunter untung sebanyak 536 kepada 292 manakala 282 tidak berubah, 276 tidak diniaga dan 26 digantung.
Jumlah dagangan turun kepada 1.738 bilion saham bernilai RM1.760 bilion daripada 1.878 bilion saham bernilai RM2.029 bilion pada Rabu.
Antara saham paling aktif, Ariantec Global Bhd dan SAAG Consolidated masing-masing tidak berubah pada harga 5.5 sen kepada 12.5 sen, Tanco turun 8.0 sen kepada 31.5 sen, Scomi Group menokok 1.0 sen kepada 37.5 sen.
Di kalangan saham berwajaran tinggi, Maybank meningkat 3.0 sen kepada RM8.50, Kumpulan CIMB meningkat 7.0 sen kepada RM8.17 dan Sime Darby turun 1.0 sen kepada RM9.27.
Di pasaran utama, jumlah dagangan turun kepada 1.287 bilion saham bernilai RM1.696 bilion daripada 1.506 bilion saham bernilai RM1.968 bilion pada Rabu.
Perolehan di Pasaran ACE meningkat kepada 314.656 juta unit bernilai RM32.852 juta daripada 215.63 juta unit bernilai RM26.940 sebelum ini. Waran meningkat kepada 115.410 juta saham bernilai RM26.966 juta daripada 106.471 juta saham bernilai RM25.146 juta semalam.- Bernama
TECHNICAL REVIEW -17 February 2011
The FBM KLCI gapped down by nearly 9 pts at the opening yesterday but also made an attempt to bounce back. After hours of struggling to move up, the index finally eked out a 0.97-pts gain and also closed slightly above the much talked about 1,505 pt-level.
From yesterday’s market action, we believe no one can tell for sure if it was a decisive return back above the 1,505 pt-level. Anyhow, whether the previous major recent-low of 1,505 has been convincingly violated or not is no longer much of concern to us. Our focus is now on the lower high which has been created at below the uptrend line. This is because having created a lower high, there is a possibility that the index may start creating a downtrend channel and eventually retrace to the next key low of 1,474 pts.
We maintain our Neutral view towards the near-term market. In the meantime, while it does look like the index might be creating a downtrend or a downtrend channel, it is still too early to confirm this statement.
From the current level, there is immediate support at the 1,500 pt-level, followed by the 1,474 ptlevel. Although the index closed slightly above the 1,505 pt-level, we still view this level as the immediate resistance. We would still want to see if the index can return back above the 1,505 pt-level on strong upward momentum while next resistance is seen at the 1,524-1,536-pt area.
From yesterday’s market action, we believe no one can tell for sure if it was a decisive return back above the 1,505 pt-level. Anyhow, whether the previous major recent-low of 1,505 has been convincingly violated or not is no longer much of concern to us. Our focus is now on the lower high which has been created at below the uptrend line. This is because having created a lower high, there is a possibility that the index may start creating a downtrend channel and eventually retrace to the next key low of 1,474 pts.
We maintain our Neutral view towards the near-term market. In the meantime, while it does look like the index might be creating a downtrend or a downtrend channel, it is still too early to confirm this statement.
From the current level, there is immediate support at the 1,500 pt-level, followed by the 1,474 ptlevel. Although the index closed slightly above the 1,505 pt-level, we still view this level as the immediate resistance. We would still want to see if the index can return back above the 1,505 pt-level on strong upward momentum while next resistance is seen at the 1,524-1,536-pt area.
MARKET REVIEW - 17 February 2011
Time for a comeback. The FBM KLCI recovered from an intraday low of 1495.43 points to close above the 1500-point psychological level. Although market breadth was still negative with 342 gainers against 493 losers, this ratio is improving. Other than the quarterly results by IOI Corp, Dialog and Amway, the news headlines are Sime Darby could face a USD200m lawsuit from Abu Dhabi-based Emirates International Energy Services, and Petronas is said to be among those picked by Venezuela for its longdelayed offshore natural gas project. The Dow jumped 62 points after Federal Reserve minutes show officials are more optimistic about the US economic outlook while the European bourses were also broadly higher. These overseas factors could help to lift the FBM KLCI today. The index is currently trading at its 1505-point resistance level.
TECHNICAL REVIEW - 16February 2011
It did really look like the index had decisively violated the key recent-low of 1,505 pts when it gave up another 9.5 pts last Friday following the 32.08-pt retracement the day before. Surprisingly, the index bounced back by slightly more than 10 pts on Monday, which basically recouped all the losses recorded last Friday.
Anyhow, the index ended the session at the 1,505 pt-level. The breakdown at this level previously caused us to shift our near-term view towards the market to neutral. This is because the breakdown at the 1,505 pt-level created a lower high at the same time. That said, the index was also trading at below the uptrend line then.
The surprise comeback on Monday may save the market from retracing towards the next strong support situated at the 1,474 pt-level. Meanwhile, we maintain our Neutral view towards the nearterm market. Having created a lower high, this is still a possibility that the index may start creating a downward channel and eventually retrace to the next key low of 1,474 pts.
From the current level, there is immediate support at the 1,500 pt-level, followed by the 1,474 ptlevel. To the upside, the 1,505 pt-level is the immediate resistance. We will see if the index can return back above the 1,505 pt-level on strong upward momentum while the next resistance is seen at the 1,524-1,536-pt area.
Anyhow, the index ended the session at the 1,505 pt-level. The breakdown at this level previously caused us to shift our near-term view towards the market to neutral. This is because the breakdown at the 1,505 pt-level created a lower high at the same time. That said, the index was also trading at below the uptrend line then.
The surprise comeback on Monday may save the market from retracing towards the next strong support situated at the 1,474 pt-level. Meanwhile, we maintain our Neutral view towards the nearterm market. Having created a lower high, this is still a possibility that the index may start creating a downward channel and eventually retrace to the next key low of 1,474 pts.
From the current level, there is immediate support at the 1,500 pt-level, followed by the 1,474 ptlevel. To the upside, the 1,505 pt-level is the immediate resistance. We will see if the index can return back above the 1,505 pt-level on strong upward momentum while the next resistance is seen at the 1,524-1,536-pt area.
MARKET REVIEW -16 February 2011
Still choppy. The FBM KLCI rebounded by 10.81 pts on Monday in line with regional markets as China’s inflation rate came in below expectations. Today’s major news is Petronas announcing a significant oil and gas field discovery off the coast of Sarawak on Monday afternoon, which may spur follow-through buying on O&G stocks today. Meanwhile, speculation is rife that the Sarawak state elections may be held in April this year. With retail sales in the US coming in below expectations, the overnight drop in US markets may weigh on the KLCI again today. The short term outlook remains rather choppy.
TECHNICAL REVIEW - 14 February 2011
A further 9.5-pt drop in the FBM KLCI last Friday wrote off the market’s possibility of constructing a sideways trend at above the key recent-low of 1,505 pts. As we mentioned last week, the slightly more than 20-pt rebound off the 1,505 pt-level that occurred on the 26th of last month indicated an obvious attempt at bottoming out and the market action on 31 Jan 2011 again reaffirmed this rebound conviction. When the market finally failed to hold up the 1,505 pt-level, market sentiment deteriorated quickly and led to the FBM KLCI giving up another 9.5 pts.
Not only was the “non-classical Hammer” not confirmed, the FBM KLCI also violated the key recent low and created a lower high at the same time. Not to forget, the index has already violated the uptrend line which had supported the previous uptrend for more than 6 months. The technical landscape of the FBM KLCI is no doubt weakening.
As the FBM KLCI is no longer trading at above the uptrend line and has decisively violated the 1,505 pt-level, we are now Neutral on the index’s near-term outlook. After the violation of the key recent low, there is a possibility that the market will eventually retrace towards the 1,474 pt-level, or the next strong support. At the 1,474 pt-level, the bulls will have a great chance of retaliating.
As the market closed below the 1,500-pt psychological mark, immediate support now lies at the 1,474 pt-level. To the upside, there is immediate resistance at the 1,500-pt mark, followed by the 1,505 pt-level, and the 1,524-1,536-pt area.
Not only was the “non-classical Hammer” not confirmed, the FBM KLCI also violated the key recent low and created a lower high at the same time. Not to forget, the index has already violated the uptrend line which had supported the previous uptrend for more than 6 months. The technical landscape of the FBM KLCI is no doubt weakening.
As the FBM KLCI is no longer trading at above the uptrend line and has decisively violated the 1,505 pt-level, we are now Neutral on the index’s near-term outlook. After the violation of the key recent low, there is a possibility that the market will eventually retrace towards the 1,474 pt-level, or the next strong support. At the 1,474 pt-level, the bulls will have a great chance of retaliating.
As the market closed below the 1,500-pt psychological mark, immediate support now lies at the 1,474 pt-level. To the upside, there is immediate resistance at the 1,500-pt mark, followed by the 1,505 pt-level, and the 1,524-1,536-pt area.
MARKET REVIEW - 14 February 2011
Lower finish. The FBM KLCI was down 9.47 points to close at 1,494.52 pts. The corporate headlines include Telekom Malaysia Bhd to invest USD4m (RM12.2m) for its portion of the Batam-Dumai-Malacca cable system, and shares in IGB Corp Bhd and its subsidiary KrisAssets Holdings Bhd are suspended until 5pm today pending the announcement of a proposed material transaction. Finally, the US markets closed higher as investors cheered the resignation of Egyptian President Hosni Mubarak. However, crude oil price eased USD1.15 to close at USD85.58/barrel.
Bursa kekal stabil minggu depan
KUALA LUMPUR 13 Feb. - Bursa tempatan dijangka terus stabil minggu depan dengan FTSE Bursa Malaysia KLCI (FBM KLCI) bergerak dalam jajaran 1,480 dan 1,500.
Ketua Penyelidikan Runcit Affin Investment Bank Dr Nazri Khan berkata, ini sejajar dengan kelemahan sentimen serantau berikutan jangkaan langkah mengetatkan kredit dalam pasaran Asia susulan kenaikan kadar China.
Beliau berkata, terdapat petanda pengurus dana akan menggunakan alasan itu untuk mengambil keuntungan.
"Meskipun jangkaan kenaikan kadar faedah serantau dan aliran modal tidak menentu, kami percaya sebarang pembetulan adalah suatu yang sihat kerana adanya petunjuk positif untuk menyokong pasaran tempatan," katanya.
Tentang kebimbangan kebalikan aliran modal akan diletakkan di tempat yang salah, beliau berkata aliran keluar hanya mencerminkan perumpukan semula sementara portfolio berikutan kepantasan peningkatan inflasi di Asia berbanding AS dan Eropah.
Nazri menyenaraikan lima faktor yang akan menyokong pasaran. Dua daripadanya ialah prestasi kukuh ringgit dan kekukuhan harga minyak sawit mentah yang naik hampir ke paras tertinggi dalam tempoh tiga tahun.
Selain itu, katanya, krisis di Mesir masih faktor terpencil.
Faktor-faktor lain ialah penurunan harga minyak global dan pemulihan kukuh pasaran di AS dan Eropah bagi menyokong minat risiko yang tinggi. "Kami juga percaya hasil dividen pasaran tempatan sekarang pada 3.5 peratus masih kekal menarik kerana ia ketika ini melepasi paras serantau," katanya.
Keseluruhannya, kata Dr Nazri, sektor perladangan dijangka menjadi kaunter pilihan.
Bagi minggu yang berakhir ini, pasaran mencatatkan permulaan yang positif pada Isnin selepas cuti Tahun Baru Cina, diterajui kenaikan dalam kaunter berkaitan perladangan di tengah-tengah kekukuhan harga minyak sawit mentah.
Bagaimanapun, ia beralih negatif pada Rabu dengan penurunan dalam saham mewah apabila sentimen bertukar menjadi berhati-hati di tengah-tengah berita kenaikan terbaharu kadar China.
Pada Khamis, FBM KLCI susut 30.08 mata kepada 1,503.99, paras terendahnya sejak 21 Dis tahun lepas sejajar dengan penurunan pasaran serantau Asia lain.
Pada Jumaat, FBM KLCI turun di bawah paras psikologi 1,500 apabila sentimen kekal berhati-hati di tengah-tengah kelemahan pasaran serantau disebabkan ketegangan yang memuncak di Mesir.
Bagi asas mingguan, FBM KLCI turun 37.3 mata kepada 1,494.52 daripada 1,531.82.
Indeks Emas susut 217.51 kepada 10,352.81 daripada 10,570.32 dan Indeks FBM70 berkurangan 152.29 mata kepada 11,202.67 daripada 11,354.96, tetapi Indeks FBM Ace naik 91.87 mata kepada 4,506.16 daripada 4,414.29.
Indeks Kewangan susut 452.03 mata kepada 13,519.11 daripada 13,971.14, Indeks Perusahaan berkurangan 44.41 mata kepada 2,835.89 daripada 2,880.3 dan Indeks Perladangan turun 148.01 mata kepada 7,809.49 daripada 7,957.5.
Jumlah dagangan mingguan meningkat kepada 12.51 bilion saham bernilai RM13.55 bilion daripada 2.95 bilion saham bernilai RM3.78 bilion yang dicatatkan pada minggu sebelumnya.
Jumlah dagangan Pasaran Utama meningkat kepada 9.99 bilion saham bernilai RM13.08 bilion daripada 2.60 bilion saham bernilai RM3.72 bilion.
Jumlah dagangan di Pasaran ACE turun kepada 1.582 bilion saham bernilai RM235.71 juta daripada 151.33 juta saham bernilai RM19.11 juta..
Waran menokok kepada 845.51 juta unit bernilai RM213.92 juta daripada 185.85 juta unit bernilai RM44.90 juta. - Bernama
Langgan:
Catatan (Atom)
Technical View
Palm oil prices have been consolidating since creating the “non classical Hammer” last Thursday. Nevertheless, prices are consolidating within the potential downtrend channel. We shall see if CPO prices will continue to consolidate sideways and eventually lead to a shift in the current downtrend to a sideways trend, or even to a new uptrend.
Until then, it still looks like the market is in the midst of building a downtrend channel. Although it did not create another major lower low last Thursday after successfully holding up the RM3,250 / tonne level, it is still vulnerable to a further pullback, possibility to the 200-day MAV line, if it remains stuck within the downtrend channel.
We are sticking to our view that the uptrend which started since the mid-term downtrend line was violated in October last year has ended. We had shifted our view to bearish following the breakdown, which was our first change in view since October last year. It was evident as the RM124/tonne “downside gap” created on 23 Feb 2010 had violated the CPO market’s more than 6- month solid uptrend. Prices are expected to continue trending lower until the downtrend line is violated.
Immediate support is now seen at RM3,250 / tonne level, followed by the 3,000/tonne psychological mark. Another strong support is seen at the 200-day MAV line, which now lies at the RM3,086 / tonne level. To the upside, immediate resistance lies at the RM3,489 / tonne level, followed by the RM3,700 / tonne level.
Until then, it still looks like the market is in the midst of building a downtrend channel. Although it did not create another major lower low last Thursday after successfully holding up the RM3,250 / tonne level, it is still vulnerable to a further pullback, possibility to the 200-day MAV line, if it remains stuck within the downtrend channel.
We are sticking to our view that the uptrend which started since the mid-term downtrend line was violated in October last year has ended. We had shifted our view to bearish following the breakdown, which was our first change in view since October last year. It was evident as the RM124/tonne “downside gap” created on 23 Feb 2010 had violated the CPO market’s more than 6- month solid uptrend. Prices are expected to continue trending lower until the downtrend line is violated.
Immediate support is now seen at RM3,250 / tonne level, followed by the 3,000/tonne psychological mark. Another strong support is seen at the 200-day MAV line, which now lies at the RM3,086 / tonne level. To the upside, immediate resistance lies at the RM3,489 / tonne level, followed by the RM3,700 / tonne level.
Market Review
Positive close. The FBM KLCI closed 5.84 points higher at 1,520.09 pts in tandem with the recovery in regional markets. Gains in Petronas Chemicals, Sime Darby, BAT and Petronas Gas helped to shore up market sentiment. Today’s key headlines include Perisai Petroleum Bhd has proposed to buy Garuda Energy from is ex-founder, Ngendran Nadarajah for USD70m, to be satisfied by USD50m cash and the issuance of new Perisai shares at 65 sen/share, AirAsia has entered into a JV agreement with Expedia Inc to establish an online travel agency, Kencana has secured a RM216m oil and gas support service project from Petrofac Ltd and Volkswagen AG plans to make Pekan its regional manufacturing hub. Taking the cue from Wall Street’s positive overnight close of 81.3 points , we expect our market to trend higher today.
Market Review
Higher finish. The FBM KLCI inched up 1.87 pts to 1,513.84 pts yesterday. In the news is SEGi, which announced a dividend policy to distribute a minimum of 50% of its net profit effective FY11, Wah Seong will set up a JV with PT Agrindo Prima Lestari to manufacture industrial fans and blowers for the palm oil industry and other industries utilising similar products in Indonesia, Transmile has completed the disposal of 4 of its aircraft to Federal Express Corp for USD67m (RM200m) while the payment due from Syarikat Bekalan Air Selangor SB (Syabas) to Syarikat Pengeluar Air Sungai Selangor SB (Splash) has been reduced to 42% from 45% effective 1 March 2011. Finally, the US markets ended higher but the crude oil price fell USD0.15 to close at USD105.60/barrel.
Market Review
Broadly higher. The FBM KLCI ended nearly 3 points higher yesterday at 1511.97 points. Market breadth continued to be very positive, with 515 gainers against 251 losers. This was despite regional market being mixed yesterday following the Dow's mild decline. Today’s news headlines are Tenaga acquires a 22.1% stake in Integrax for RM106.5m and is now the single largest shareholder, Hai-O Enterprise reports a RM6.3m 3QFY11 net profit against RM18.0m last year, BNM believes the local economy can grow at 6% this year, and Sime Darby settles its dispute with Maersk Oil Qatar and will write back RM100m to its profit & loss account. The Dow jumped 67 points overnight, which should help local stocks gain more ground today.
Technical View
Yesterday’s 5-pt rebound keeps alive the possibility of the FBM KLCI trending sideways. There is still potential for the market to consolidate between the 1,474 pt-level and the 1,530 pt-level. We will stick to this view until either one of these two levels is violated. As we mentioned yesterday, although the recent violation of the short-term uptrend line wrote off the possibility of the index creating a new uptrend in the near-term, it is still possible that the impressive rebound on 28 Feb 2010, which resulted in the creation of the “Long Lower Shadow Line”, could still overturn the previous downtrend channel into a sideways trend.
We would still like to highlight the importance of the 1,474 pt-level. As shown by the four circles in the above daily chart, every previous test of the 1,474 pt-level had been followed by a strong rebound subsequently. It was also apparent from the latest test of the 1,474 pt-level on 14 March 2010 when the index fell by about 15 pts at the day-low but rebounded when it was trading about 6 pts away from the critical 1,474-pt horizontal support line. That day, the index even bounced back with marginal gains but eventually ended the day with a loss of 0.27-pts.
Meanwhile, we maintain our bullish bias. Within the potential sideways range, look for an immediate resistance at the 1,509-1,517-pt “Downside Gap”. Next resistance is situated at the 1,530 pt-level but to the downside, there is immediate support at the 1,490 pt-level, followed by the critical 1,474 pt-level
Market Review
Higher close. The FBM KLCI gained 5 points yesterday to close at 1508.88 points led by Genting, MISC and Tenaga. This was in tandem with the rebound in the regional and global bourses yesterday. It was encouraging to note that the market breadth was decidedly positive, with 587 gainers against 200 losers. Today’s news headlines areHarbour-Link Group receives an LOI for a RM29m civil works contract at SamalajuIndustrial Park in Sarawak, Benalec Holdings receives a letter of award for earthworks, river protection works and other related works in Klang worth RM37m, while Tan Sri Azman Hashim denies looking to sell his stake in AMMB. Overnight, the Dow retook the 12,000-point territory by climbing 178 pts while the European bourses surged 1% to 2% as the attacks on Libya progress into the third day. Crude oil also rose by about USD1 per barrel to USD102. With the positive overseas influence, Malaysian stocks will likely rally further today. Immediate resistance is seen at the range of 1509 – 1517 points.
Market Review
Rebounded but still choppy. Regional markets rebounded yesterday after suffering losses over the past 2 days on concerns over the economic implications arising from the earthquake-tsunami stricken Japan. The FBM KLCI gained over 8 points to close at 1492.50. Today’s major headlines are: i) Top Glove reported a 64% fall in its 2QFY11 net profit from a year ago; ii) TMC Life aims to break even in 2011; and iii) Singpost has ruled out the possibility of buying into Pos Malaysia. Meanwhile, SEGi has also been appointed by the Government to lead the development of the integrated child care education initiative under the NKEA. Trading on the local bourse is expected to remain cautious today, with investors monitoring the situation in Japan carefully, especially given the absence of major leads domestically. Overnight, the US markets took a negative turn on very choppy trading as investors grappled with poor housing data and fears of a nuclear meltdown in Japan.
Technical View
The FBM KLCI fell by about 15 pts at the day-low but started to rebound when it was trading about 6 pts away from the critical 1,474-pt horizontal support line. The index even bounced back with marginal gains during the session but eventually ended the day with a loss of 0.27-pts. We can now analyze the index from a few perspectives. Firstly, we know that last Friday’s sharp 21.29-pt drop wrote off the possibility of the market extending its uptrend after cracking above the downtrend channel. With that, we know that the index is now more likely to trade or consolidate sideways at above the 1,474 pt-level. Another point to note is that yesterday’s market action once again signaled the importance of the 1,474 pt-level as a rather strong rebound as it emerged not far away from this horizontal support floor. Last but not least, we also know that failure to hold up the 1,474 pt-level is expected to cause technical damage. The 1,474 pt-level is a very essential level for the FBM KLCI. Should it be violated decisively, the market could succumb to panic selling pressure. As is portrayed in the above daily chart, including yesterday’s market action, this level has been tested four times and a break below it is expected to cause technical damage to the index’s near-term technical outlook. This breakdown might even eventually lead to a shift in its longer term trend. Anyhow, until the breakdown occurs, we maintain our bullish bias view. Immediate resistance is still seen at the 1,509-1,517-pt “Downside Gap” created last Friday while next resistance is situated at the 1,530 pt-level. To the downside, there is immediate support at the 1,490 pt-level, followed by the critical 1,474 pt-level.
Market View
Surprisingly defensive. The FBM KLCI fell to a low of 1480.53 pts in the morning session, mirroring the negative trend across all regional markets following the catastrophic Japanese earthquake. The market was, however, quick to pare its losses, finishing flat for the day with support seen on some blue chips. Apart from external developments related to Japan, the corporate headlines are thin today, save for Public Bank indicating that it is comfortable in maintaining its dividend payout ratio at 50% in the medium-term, while Fitters inked the Kidzania project in The Curve for RM33m. For today, we expect the underlying sentiment to remain cautious, with extended fears of a meltdown following the third explosion at the Fukushima nuclear plant yesterday.
Dagangan Bursa bercampur-campur
KUALA LUMPUR 14 Mac - Harga saham di Bursa Malaysia ditutup bercampur-campur hari ini seiring dengan pasaran Asia yang lain setelah pelabur menilai kesan sepenuhnya kejadian gempa bumi dan tsunami yang melanda Jepun pada Jumaat.
Pada pukul 5 petang, penanda aras FTSE Bursa Malaysia KLCI (FBM KLCI) susut 0.27 mata kepada 1,495.35.
Indeks Perladangan naik 53.07 mata kepada 7,664.13 manakala Indeks Perusahaan meningkat 7.73 mata kepada 2,767.27 tetapi Indeks Kewangan turun 20.43 mata kepada 13,526.82.
Indeks Emas FTSE Bursa Malaysia menambah 8.83 mata kepada 10,236.40, Indeks FTSE Bursa Malaysia Ace susut 17.88 mata kepada 4,034.17 dan Indeks FTSE Bursa Malaysia Mid 70 menokok 47.57 mata kepada 10,941.12.
Jumlah dagangan susut kepada 802.362 juta saham bernilai RM1.179 bilion daripada 1.020 bilion saham bernilai RM1.853 bilion pada Jumaat.
Saham rugi mengatasi saham untung pada 352 berbanding 308 manakala 291 kaunter diniagakan tidak berubah, 462 tidak didagangkan dan 26 yang lain digantung.
Saham berkaitan kayu naik dengan jangkaan permintaan bagi komoditi itu akan meningkat untuk pembinaan semula kawasan yang musnah akibat gempa bumi dan tsunami.
Ta Ann menokok lapan sen kepada RM4.84, Jaya Tiasa menambah 16 sen kepada RM5.01 dan WTK Holdings naik tujuh sen kepada RM1.33.
Antara saham aktif, Berjaya Retail meningkat 21.5 sen kepada 64 sen dengan tawaran menjadikan persendirian. Perisai Petroleum Teknologi susut 3.5 sen kepada 64 sen dan SAAG Consolidated kekal pada 9.5 sen.
Bagi saham wajaran tinggi, Maybank kekal pada RM8.71, CIMB Group Holdings susut enam sen kepada RM7.92, Sime Darby naik dua sen kepada RM9.05 dan Petronas Chemicals Group meningkat 19 sen kepada RM6.75.
Jumlah dagangan di Pasaran Utama susut kepada 662.396 juta saham bernilai RM1.157 bilion daripada 841.288 juta saham bernilai RM1.82 bilion.
Waran turun kepada 80.694 juta unit bernilai RM14.669 juta daripada 126.670 juta unit bernilai RM22.82 juta.
Perolehan dagangan di pasaran ACE meningkat kepada 57.784 juta saham bernilai RM6.629 juta daripada 44.47 juta saham bernilai RM6.29 juta. - Bernama
Market Review
Much lower. The FBM KLCI plunged 21.29 points to close at 1,495.62 following the massive earthquake and tsunami in Japan. Berjaya Retail Bhd is being privatised by its major shareholder Tan Sri Vincent Tan Chee Yioun through his vehicle, Premier Merchandise SB, at RM0.65 in cash per share. P.I.E. Industrial is investing RM50m in 2011 to expand its production capabilities on growing demand for high-end medical, telecommunication, and computer markets while Sime Darby Bhd has signed a share sale and purchase agreement with PT Roro Chasis Sejahtera and PT T Energy (PTTE) for the disposal of its entire 70% equity interest in PTTE. Meanwhile, Bank Negara will increase the statutory reserve requirement to 2% from 1%, effective 1 April 2011. Finally, the US markets ended higher but crude oil price sank USD1.54 to finish at USD101.16/barrel.
Technical View
As we mentioned in our previous update last month, the RM124/tonne “Downside Gap” created on 23 Feb 2010 had violated the CPO market’s near-term solid uptrend. The violation was also
confirmed with another RM59/tonne retracement in the subsequent trading day. That means that the uptrend which started since the mid-term downtrend line was violated in October last year has come to an end.
In view of the possibility that the CPO market could be in the midst of creating a major lower high, it also looks like the market could be starting to create a new downtrend channel. Anyhow, whether the market is creating a downtrend channel or not will not alter our bearish view towards the near-term market. We had previously shifted our view to bearish after the solid uptrend was violated. It was our first shift of view since October last year.
We have identified a few support levels which the market may be testing in the coming months. First support is seen at the RM3,336/tonne level, followed by the RM3,103/tonne level and the 3,000/tonne psychological mark. To the upside, there is immediate resistance at the RM3,514-RM3,669 / tonne area, which is represented by the massive “Downside Gap”. Next resistance is seen at the RM3,815-RM3,933/tonne area.
Market Review
Cautious mode. Share prices on Bursa Malaysia ended easier yesterday, with most indices slipping into negative territory in line with other regional markets. The FBM KLCI fell 6.78 pts to 1,516.91, dragged down by losses in heavyweights MISC and BAT. Turnover shrank to 1.09bn shares, with losers leading gainers 483 to 253 while 280 counters were unchanged. Among the key market news today are Ahmad Zaki wins a RM145m job, Alam Maritim’s unit bags a RM11m deal, KL Kepong drops plan to issue USD300m bonds, Selangor Dredging arm buys London property for RM48.4m, Hong Leong gets nod for USD300m bonds, Singapore’s Straits Trading seeks secondary listing in Malaysia, and Naza TTDI plans 18 new launches this year. Overnight, the DJIA plunged 228.48 pts to finish under the 12,000-mark as US jobless claims rose, China’s export growth slowed and Spain’s credit rating was cut. Therefore, we expect negative sentiment to dog the region’s bourses today.
Bursa rendah seiring pasaran serantau
KUALA LUMPUR 10 Mac - Harga-harga saham di Bursa Malaysia ditutup rendah hari ini dengan kebanyakan indek susut ke wilayah negatif, selari dengan pasaran lain di peringkat serantau.
Pelabur mengambil sikap berhati-hati berikutan pasaran serantau turun selepas data perdagangan China yang lemah, menjejaskan mereka, kata seorang peniaga.
Pada 5 petang, petunjuk pasaran FTSE Bursa Malaysia KLCI (FBM KLCI) turun 6.78 mata atau 0.45 peratus kepada 1,516.91, diseret turun oleh kerugian dalam kaunter-kaunter berwajaran tinggi terpilih seperti MISC dan BAT.
Pada pembukaan, FBM KLCI turun 0.84 mata kepada 1,522.85 sebelum bergerak antara 1,515.32 dan 1,524.12.Peniaga itu berkata aktiviti pengambilan untung terus menyekat keuntungan yang direkodkan sejak dua hari lepas.
Krisis Timur Tengah yang melonjakkan harga minyak, selain keraguan mengenai sama ada permintaan tembaga akan terus meningkat, membayangi sentimen dagangan, katanya.
Indeks Kewangan susut 29.75 mata kepada 13,720.58, Indeks Perladangan turun 22.54 mata kepada 7,722.52 dan Indeks Perusahaan susut 31.95 mata kepada 2,797.68.
Indeks Emas FTSE Bursa Malaysia turun 40.16 mata kepada 10,374.21, Indeks Ace FTSE Bursa Malaysia turun 31.48 mata kepada 4,117.21 dan Indeks FTSE Bursa Malaysia Mid 70 susut 9.02 mata kepada 11,047.65.
Jumlah dagangan berkurangan kepada 1.09 bilion saham bernilai RM1.56 bilion berbanding 1.50 bilion saham bernilai RM2.24 bilion semalam dengan kaunter rugi mengatasi kaunter untung sebanyak 483 berbanding 253 manakala 280 kaunter tidak berubah.
Saham-saham berharga rendah mengetuai kaunter aktif antaranya SAAG Consolidated susut setengah sen kepada 9.5 sen, Sumatec-WA menokok 17 sen kepada 17.5 sen, Petronas Dagangan-CB menambah 3.5 sen kepada 18.5 sen dan Borneo Oil-WB meningkat 5.5 sen kepada 39.5 sen.
Antara saham mewah, Maybank rugi satu sen kepada RM8.80, CIMB turun tiga sen kepada RM8.12, Sime Darby susut dua sen kepada RM9.10 manakala Petronas Chemicals menokok dua sen kepada RM6.72.
Jumlah dagangan di Pasaran Utama berkurangan kepada 885.97 juta saham bernilai RM1.525 bilion berbanding 1.182 bilion saham bernilai RM2.19 bilion semalam.
Waran susut kepada 148.220 juta unit bernilai RM27.35 juta berbanding 205.512 juta unit bernilai RM40.547 juta sebelumnya.Jumlah dagangan di Pasaran ACE susut kepada 53.932 juta saham bernilai RM6.146 juta berbanding 104.282 juta saham bernilai RM13.154 juta yang direkodkan semalam.- Bernama
Technical View
The technical outlook of the FBM KLCI has been favorable since the market violated the downtrend line with a 15.73-pt gain. The index continued to trade steadily since the breakout, which wrote off the possibility of the index creating a downtrend channel. Thus far, the index is developing as we haveexpected after confirming the “Long Lower Shadow Line” and violating the downtrend line.
Looking at the market action since last Friday’s strong gains, we think the index would soon be able to surpass last Friday’s intra-day high of 1,529 pts. Hence, it could be yet another round of brief downdraft after the market experienced the third major breakdown (violation of the more than 6-month old uptrend) since March 2009. The two previous major breakdowns - in January and May 2010 - also did not see the index pull back a lot more subsequently. From here, the index may start to trend sideways, or even resume its uptrend. We shifted our near-term view from neutral back to bullish on Monday.
Immediate resistance is still seen at the 1,524-1,536-pt area, followed by a tougher resistance at the 1,544 pt-level. To the downside, immediate support lies at the huge upside gap ranging from the 1,506 pt-level to the 1,519 pt-level created last Friday. The 1,500-psychological mark would represent the next support for the market.
Market Review
Broad rise. After 2 days of consolidation, the FBM KLCI moved 6 points higher yesterday to end at 1523.69 points. This was encouraged by a 124-point overnight gain on the Dow. Gainers overwhelmed losers by 575 to 211. Today’s corporate headlines include Focus Point entering into a MOU with Permodalan Nasional to develop a Focus Point franchise program, while Bank Negara will look into the merits of allowing larger foreign ownership in local banks on a case-to-case basis. The Dow closed flat last night while European bourses were down about half a percent, while crude oil closed at USD104.35 per barrel, down by USD0.67. As all these will likely have little bearing on today's market sentiment, the local bourse will likely maintain its upward trajectory from yesterday.
Bursa kukuh di akhir dagangan
KUALA LUMPUR 9 Mac - Harga-harga saham di Bursa Malaysia ditutup kukuh hari ini dengan minat pelabur kekal fokus kepada sektor-sektor berkaitan inisiatif Program Transformasi Ekonomi (ETP), khususnya perladangan, minyak dan gas, kata para peniaga.
Pada pukul 5 petang, petunjuk pasaran Indeks Komposit FTSE Bursa Malaysia KLCI (FBM KLCI) meningkat 6.03 mata atau 0.40 peratus kepada 1,523.69.Pada pembukaan, FBM KLCI dibuka 1.52 mata lebih tinggi kepada 1,519.18.Selepas itu, ia bergerak antara 1,519.18 dan 1,525.69.
Para peniaga berkata sentimen pasaran begitu positif, dirangsang oleh perkembangan korporat yang menggalakkan dan tinjauan meyakinkan terhadap pelaburan sementara prestasi semalaman Wall Street memberikan kekuatan tambahan.
Pada Selasa, Perdana Menteri Datuk Seri Najib Tun Razak mengumumkan sembilan projek baharu di bawah ETP yang akan menarik pelaburan berjumlah sehingga RM2.268 bilion, termasuk simpanan dan menjana RM11.71 bilion pendapatan negara kasar (GNI) menjelang 2020.
Trend menaik bursa tempatan juga seiring dengan pasaran saham serantau lain yang diniagakan tinggi, didorong oleh kejatuhan harga minyak.
Indeks Kewangan melonjak 114.72 mata kepada 13,750.33, Indeks Perladangan meningkat 3.35 mata kepada 7,745.06 dan Indeks Perindustrian menambah 0.03 mata kepada 2,829.63.
Indeks Emas FTSE Bursa Malaysia meningkat 65.82 mata kepada 10,414.37, Indeks ACE FTSE Bursa Malaysia mengukuh 17.10 mata kepada 4,148.69 dan Indeks Mid 70 FTSE Bursa Malaysia menambah 150.31 mata kepada 11,056.67.
Jumlah dagangan mengukuh kepada 1.50 bilion saham bernilai RM2.24 bilion daripada 1.17 bilion saham bernilai RM1.75 bilion semalam dengan saham untung mengatasi saham rugi dengan 575 berbalas 211 sementara 267 kaunter tidak berubah.
Di kalangan kaunter saham mewah, CIMB naik 14 sen kepada RM8.15, AMMB mengukuh 16 sen kepada RM6.46, Sime Darby menambah dua sen kepada RM9.12, Tenaga tidak berubah pada RM6.30 sementara Genting kerugian enam sen kepada RM10.32.
Jumlah dagangan di Pasaran Utama naik kepada 1.182 bilion saham bernilai RM2.19 bilion daripada 920.570 juta saham bernilai RM1.71 bilion semalam.
Waran-waran menokok kepada 205.512 juta unit bernilai RM40.547 juta daripada 140.197 juta unit bernilai RM25.514 juta.Jumlah dagangan di pasaran ACE menambah kepada 104.282 juta saham bernilai RM13.154 juta daripada 102.541 juta saham bernilai RM13.581 juta. - Bernama
Market Review
Bargain hunting. The FBM KLCI inched up 1.92 points to close at 1,517.66 on the back of a slight uptick in key heavyweights such as Petronas Chemical, Genting, Maybank and CIMB. Today’s corporate news include the Government announcing 9 new ETP projects involving the oil & gas, renewable energy, healthcare, tourism, agriculture and electronics sectors, McKinsey & Co has been appointed consultants to carry out the value management study on the MRT, Cypark Resources is investing RM94m to build a renewable energy park in Nilai and Heveaboard has received an offer of RM245m to acquire its assets relating to the manufacture of particleboards from Dongwha Malaysia Holdings Bhd. We expect sentiment on our local market to follow suit from Wall Street’s overnight gain of 124 points.
Pengambilan untung namun Bursa tinggi
KUALA LUMPUR 8 Mac - Harga saham di Bursa Malaysia meningkat pada Selasa dengan kegiatan pengambilan untung diterajui keuntungan dalam saham mewah dan kewangan terpilih seperti Maybank, CIMB dan Pertonas Chemicals.
Penanda aras FTSE Bursa Malaysia KLCI (FBM KLCI) naik 1.92 mata, atau 0.13 peratus, untuk ditutup pada 1,517.66 selepas dibuka 3.68 mata lebih tinggi pada 1,519.42.
Indeks utama kekal kekal melebihi paras 1,500 mata walaupun sentimen pelabur kekal berhati-hati dengan kelemahan semalaman di Wall Street.
Pasaran saham serantau juga lebih tinggi setelah harga minyak mentah turun selepas pemimpin Libya Muammar Gaddafi dipercayai akan melepaskan jawatan.
Minyak mentah Brent susut lebih US$2 pada Selasa kepada di bawah US$113 setong selepas Menteri Minyak Kuwait berkata OPEC mengadakan rundingan untuk meningkatkan pengeluaran untuk pertama kali selepas lebih dua tahun, meredakan pasaran yang terjejas oleh kemelut Timur Tengah.
Indeks Kewangan naik 43.34 mata kepada 13,635.61, Indeks Perladangan meningkat 18.35 mata kepada 7,741.71 dan Indeks Perusahaan menokok 1.59 mata kepada 2,829.60.
Indeks Emas FTSE Bursa Malaysia menambah 37.96 mata kepada 10,348.55, Indeks FTSE Bursa Malaysia Ace melonjak 105.68 mata kepada 4,131.59 dan Indeks FTSE Bursa Malaysia Mid 70 meningkat 94.72 mata kepada 10,906.36.
Jumlah dagangan naik kepada 1.17 bilion saham bernilai RM1.75 bilion, daripada 714.797 juta saham, bernilai RM1.097 bilion, dicatatkan pada Isnin dengan saham untung mengatasi rugi pada 529 berbanding 223 manakala 259 kaunter tidak berubah.
Antara saham mewah, UEM Land dan Petronas Chemicals, kedua-duanya meningkat 11 sen, masing-masing kepada RM 2.82 dan RM6.45, Genting menambah 12 sen kepada RM10.38, DRBHICOM naik sembilan sen kepada RM1.94 dan Maybank untung tiga sen kepada RM8.80.
Jumlah dagangan di Pasaran Utama meningkat kepada 920.570 juta saham bernilai RM1.71 bilion daripada 586.434 juta saham bernilai RM1.80 bilion semalam.
Waran naik kepada 140.197 juta unit bernilai 25.514 juta daripada 77.619 juta unit bernilai RM11.398 sebelumnya. Jumlah dagangan di Pasaran ACE menambah kepada 102.541 juta saham bernilai RM13.581 juta daripada 47.84 juta saham bernilai RM5.6 juta pada Isnin.- Bernama
Market Review
Still fragile. The extended geo-political issues continued to dampen regional sentiment yesterday, with the FBM KLCI sliding close to 7 points on the back of sluggish trading. Market breadth was typically negative throughout the day. Among the major casualties were airline stocks which fell as crude oil price jumped to a 2.5-year high. The major corporate headlines are (i) Sunway secures a RM74m contract from Malaysian Bio-XCell to build its central utilities plant at the Biotechnological Park in Nusajaya, (ii) Multi Sports will issue 67.5m new shares as part of the proposed Taiwan Depository Receipt (TDR) issuance, and (iii) DRB-Hicom's defence unit, Deftech, inks a RM7.6bn order from the Government for the supply of armoured vehicles. We expect the market to trade on a range bound pattern with a downside bias in search of fresh leads. Overnight, the Dow closed marginally weaker on oil price worries. concerns.
Bursa rendah di akhir dagangan
KUALA LUMPUR 7 Mac - Harga saham di Bursa Malaysia menyaksikan penutupan pada paras lebih rendah hari ini kerana dagangan tidak memberangsangkan kerana konflik yang berlaku di Libya terus membimbangkan pelabur, kata seorang peniaga.
Penanda aras, FTSE Bursa Malaysia KLCI (FBM KLCI), turun 6.87 mata atau 0.45 peratus kepada 1,515.74. Ia dibuka 1.27 mata lebih rendah pada 1,521.34.
Peniaga itu berkata, arah aliran menurun ini juga sejajar dengan prestasi pasaran-pasaran serantau dan penutupan yang lebih rendah di Wall Street, Jumaat.
Sementara itu, keadaan huru hara di Libya yang menjejaskan pengeluaran minyak berterusan, dengan kumpulan yang setia kepada kerajaan menguasai sebahagian daripada sebuah bandar di barat negara itu, Jumaat.
Indeks Kewangan jatuh 54.65 mata kepada 13,592.27, Indeks Perladangan susut 19.66 mata kepada 7,723.36 dan Indeks Perusahaan turun 17.18 mata kepada 2,828.01.
Indeks FTSE Bursa Malaysia Emas susut 54.15 mata kepada 10,310.59, Indeks FTSE Bursa Malaysia Ace luak 37.86 mata kepada 4,025.91 dan Indeks FTSE Bursa Malaysia Mid 70 berkurangan 65.75 mata kepada 10,811.64.
Jumlah dagangan mengecil 714.797 juta saham bernilai RM1.097 bilion daripada 1.13 bilion saham bernilai RM1.9 bilion Jumaat lepas.
Pasaran menyaksikan saham rugi mengatasi saham untung dengan jumlah 584 berbanding 184, manakala 243 kaunter tidak berubah.
Mengungguli senarai saham cergas hari ini ialah SAAG Consolidated, yang turun sesen kepada sembilan sen, manakala Tanco jatuh tiga sen kepada 32 sen dan DRBHicom-CD mengukuh 1.5 sen kepada 13.5 sen.
Dalam kalangan kaunter mewah, Maybank turun tiga sen kepada RM8.77, CIMB turun sesen kepada RM 7.99, Sime Darby jatuh empat sen kepada RM9.13.Bagaimanapun, RHB Capital bergerak mendatar dan masih pada RM7.98.
Jumlah dagangan dalam Pasaran Utama susut kepada 586.434 juta saham bernilai RM1.80 bilion daripada 941.71 juta saham bernilai RM1.88 bilion Jumaat lepas.
Waran susut kepada 77.619 juta unit bernilai RM11.398 juta daripada 114.49 juta unit bernilai RM15.58 juta minggu lepas.Pasaran ACE mencatatkan penyusutan jumlah dagangan kepada 47.84 juta saham bernilai RM5.6 juta daripada 64.51 juta saham bernilai RM7.1 juta sebelumnya.
- Bernama
Harga terus meningkat
KUALA LUMPUR 6 Mac - Bursa Malaysia kemungkinan terus meningkat pada minggu depan dengan jangkaan FTSE Bursa Malaysia KLCI (FBM KLCI) diniagakan antara paras 1,540 dan 1,550 mata, kata para peniaga.
Sentimen pelabur terus kekal positif dengan harapan dana asing akan mengalir masuk semula ke pasaran baru muncul kerana dolar AS yang lebih rendah selepas Rizab Persekutuan (AS) mencadangkan untuk memastikan dasar monetari yang lebih mudah.
Bagaimanapun, seorang peniaga berkata kebimbangan langkah mengetatkan dasar di pasaran-pasaran baru muncul bagi memerangi inflasi masih boleh mengehadkan kenaikan pasaran Asia, yang termasuk Malaysia.
Sementara itu, Ketua Penyelidikan Runcit Affin Investment Bank, Dr. Nazri Khan berkata, indeks utama kemungkinan diniagakan hingga kepada zon halangan apabila para pelabur memberi reaksi positif hingga kepada laporan yang menyatakan bagi mencatatkan pelan keamanan berdaya maju di Libya dan penurunan harga minyak.
"Secara asasnya, kami melihat penurunan harga sebagai satu bentuk kejatuhan selepas harga minyak mentah merosot daripada paras ketinggian bagi tempoh 29 bulan manakala AS telah mencatatkan tuntutan pengangguran terbaik di dalam tempoh tiga tahun," katanya.
Bagi fundamental, Dr. Nazri berkata, kekukuhan ringgit dan kadar faedah sebenar yang positif mendahului pemangkin pada tempoh jangka terdekat.
"Secara keseluruhannya, kami suka saham warisan inflasi (sektor minyak, gas dan perladangan) seperti Petronas Dagangan, Petronas Gas, Kulim dan KL Kepong," katanya.
Bagi minggu baru berakhir, FBM KLCI diniagakan pada jajaran sempit tetapi kebanyakannya meningkat berikutan pembelian institusi.
FBM KLCI meningkat 33.34 mata untuk ditutup kepada 1,522.61 daripada 1,489.27 yang dicatatkan Jumaat lepas.
Indeks FTSE Bursa Malaysia Emas melonjak 138.58 kepada 10,364.74, Indeks FTSE Bursa Malaysia Ace turun 141.05 mata kepada 4,063.77 dan Indeks FTSE Bursa Malaysia Mid 70 merosot 30.37 mata kepada 10,877.39.
Indeks Kewangan meningkat 25.34 mata kepada 13,646.92, Indeks Perladangan melonjak 161.64 mata kepada 7,743.02 dan Indeks Perusahaan meningkat 77.58 mata kepada 2,845.19.
Jumlah dagangan mingguan turun kepada 5.84 bilion saham bernilai RM8.7 bilion, daripada 8.58 bilion saham bernilai RM10.4 bilion, yang dicatatkan pada minggu lepas.
Perolehan Pasaran Utama merosot kepada 4.79 bilion unit bernilai RM8.57 bilion daripada 6.83 bilion unit bernilai RM10.16 bilion yang dicatatkan sebelum ini.
Jumlah dagangan di Pasaran ACE merosot kepada 499.31 juta saham bernilai RM56.02 juta berbanding dengan 1.02 bilion saham bernilai RM107.62 juta pada Jumaat lepas.
Perolehan waran merosot kepada 490.04 juta unit bernilai RM68.18 juta daripada 672.86 juta unit bernilai RM126.61 juta yang diniagakan pada minggu lepas. - Bernama
Market Review
Lower finish. The FBM KLCI lost 2.96 points to close at 1,499.28 yesterday. Petronas will invest RM250bn in exploration activities and replacement of ageing assets over the next 5 years to sustain the current level of production while Uzma Bhd secures a RM200m contract from Petronas. Celcom Axiata Bhd intends to spend RM1bn this year to transform its network to be Long Term Evolution or 4G ready to support the rapidly growing data demand while Proton Holdings’ next generation vehicles will incorporate selected technology and manufacturing expertise from Nissan Motor Co Ltd following a feasibility study. Meanwhile, Poly Glass Fibre (M) Bhd will spend RM10m in FY12 to expand its plant facilities. Finally, both the US markets and crude oil closed higher yesterday, with crude oil price jumping USD2.60 to USD102.23/barrel.
Pengambilan untung Bursa ditutup rendah
KUALA LUMPUR 2 Mac - Harga-harga saham ditutup rendah di Bursa Malaysia hari ini ekoran aktiviti pengambilan untung apabila pasaran dunia meneruskan aliran menurun berikutan kebimbangan terhadap krisis Timur Tengah, kata peniaga.
Petunjuk pasaran FTSE Bursa Malaysia KLCI (FBM KLCI) ditutup pada 1,499.28, susut 0.2 peratus atau 2.96 mata selepas dibuka 8.64 mata lebih rendah pada 1,493.60.Indeks utama membendung kerugian pada sesi pagi namun pasaran kekal lemah secara keseluruhannya berikutan jualan berterusan saham-saham berwajaran tinggi utama.
Indeks 30 syarikat bermodal besar bergerak antara 1,488.95 dan 1,499.28 mata sepanjang hari.Seorang peniaga berkata krisis di Timur Tengah dan Afrika Utara serta peningkatan harga minyak mungkin terus menjejaskan sentimen pelabur dan menyebabkan pasaran terus lemah dalam jangka terdekat.
Indeks Kewangan susut 95.94 mata kepada 13,503.66 dan Indeks Perladangan turun 45.48 mata kepada 7,513.86 Indeks Perusahaan bagaimanapun meningkat 13.78 mata kepada 2,790.71.
Indeks FTSE Bursa Malaysia Emas turun 76.21 mata kepada 10,194.51, Indeks FTSE Bursa Malaysia Ace susut 128.49 mata kepada 3,960.90 dan Indeks FTSE Bursa Malaysia Mid 70 turun 192.62 mata kepada 10,689.28.
Jumlah dagangan meningkat kepada 1.36 bilion saham bernilai RM1.72 bilion berbanding 1.12 bilion saham bernilai RM1.51 bilion sebelumnya.Kaunter rugi mengatasi kaunter untung sebanyak 796 berbanding 117 manakala 198 kaunter tidak berubah.
Antara saham aktif, Transmile menokok setengah sen kepada tujuh sen dan kaunter itu akan digantung esok menjelang penyahsenaraiannya dari Bursa Malaysia pada 7 Mac. Tanco turun empat sen kepada 33 sen dan SAAG Consolidated susut satu sen kepada lapan sen.
Kaunter berwajaran tinggi, Maybank menokok satu sen kepada RM8.68 manakala CIMB dan Sime Darby turun enam sen dan satu sen, kepada RM8.00 dan RM9.03.
Jumlah dagangan di Pasaran Utama meningkat kepada 1.09 bilion saham bernilai RM1.69 bilion berbanding 935.26 juta saham bernilai RM1.49 bilion semalam.
Perolehan dagangan waran meningkat kepada 107.9 juta unit bernilai RM14.4 juta berbanding 83.37 juta unit bernilai RM11.72 juta yang dicatatkan pada Selasa. Jumlah dagangan di Pasaran ACE meningkat kepada 148.99 juta saham bernilai RM13.69 juta berbanding 86.17 juta unit bernilai RM11.51 juta semalam. - Bernama
Market Review
Narrow rally. The FBM KLCI managed to claw back above the 1500-point psychological level with a 12-point gain yesterday. The big gainers among the index component stocks were Genting, Digi, Petronas Dagangan, RHB Cap and AMMB. Market breadth was still negative though, with losers beating gainers by 412 to 356. There were only 3 gainers among the top 20 most active stocks. Today’s news headlines are the second Capital Market Masterplan is now delayed to June, while RHB Capital proposes a dividend reinvestment plan for shareholders. Overnight, the Dow lost 168 points to 12,058 points as crude oil rose to USD100.60 per barrel and gold price surged to record high of USD1,434 per ounce as tension continues in the Middle East. The FBM KLCI will likely ease back today and struggle to hold the 1,500-point level.
Technical View
The bulls would have been glad to see follow-through buying yesterday after the more than 10-pt rebound off Monday’s low. The “Long Lower Shadow Line” was confirmed by yesterday’s more than 10-pt rebound off Monday’s day-low.
Following the creation of the bullish reversal signal, there is a possibility that the index will start trending sideways for a while before looking for its next direction. Yesterday’s market action was at least in line with this possibility.
Nevertheless, the “Lower Shadow Line” has not written off the possibility of the market creating a downtrend channel. We have drawn the potential downtrend channel in the above daily chart but it will take a while for the market to confirm it.
While watching if the index is in the midst of creating of a downtrend channel, we are sticking to our Neutral view. Moreover, the market has violated the uptrend line which had previously supported an uptrending market for more than 6 months.
From the current level, immediate support is now situated at the 1,500 psychological mark, followed by the 1,490 pt-level and the 1,472 pt-level. To the upside, we are eyeing the 1,524-1,536-pt area as the immediate resistance.
Following the creation of the bullish reversal signal, there is a possibility that the index will start trending sideways for a while before looking for its next direction. Yesterday’s market action was at least in line with this possibility.
Nevertheless, the “Lower Shadow Line” has not written off the possibility of the market creating a downtrend channel. We have drawn the potential downtrend channel in the above daily chart but it will take a while for the market to confirm it.
While watching if the index is in the midst of creating of a downtrend channel, we are sticking to our Neutral view. Moreover, the market has violated the uptrend line which had previously supported an uptrending market for more than 6 months.
From the current level, immediate support is now situated at the 1,500 psychological mark, followed by the 1,490 pt-level and the 1,472 pt-level. To the upside, we are eyeing the 1,524-1,536-pt area as the immediate resistance.
FBM KLCI kembali 1,500 mata
KUALA LUMPUR 1 Mac - Harga-harga saham di Bursa Malaysia ditutup bercampur-campur hari ini dengan FTSE Bursa Malaysia KLCI (FBM KLCI) menokok semula kepada paras 1,500 mata, kata para peniaga.
Indeks utama itu meningkat 10.99 mata, atau 0.74 peratus, untuk ditutup pada 1,502.24 selepas dibuka 3.63 mata lebih tinggi pada 1,494.88 pagi tadi.
Prestasi cergas adalah berikutan belian susulan berterusan pada saham berwajaran tinggi seperti Genting, Axiata, Sime Darby dan Maybank, selepas kerugian mereka baru-baru ini.Indeks itu bergerak antara 1,492.70 dan 1,502.24 sepanjang hari.
HwangDBS Vickers Research Sdn Bhd berkata, bursa tempatan itu melihat peningkatan teknikal ketika ia cuba pulih daripada kerugian 34.6 mata yang dialami semenjak Isnin lepas.
Indeks Kewangan meningkat 69.42 mata kepada 13,599.60, Indeks Perladangan naik 18.63 mata kepada 7.559.34 dan Indeks Perusahaan naik 7.64 mata pada 2,776.93.
Indeks FTSE Bursa Malaysia Emas naik 55.18 mata kepada 10,270.72 dan Indeks FTSE Bursa Malaysia Mid 70 naik 29.29 mata kepada 10,881.90.Indeks ACE FTSE Bursa Malaysia, bagaimanapun susut 28.72 mata kepada 4,089.39.
Secara keseluruhan, dagangan adalah tipis dengan jumlah dagangan 1.12 bilion saham bernilai RM1.51 bilion berbanding 1.16 bilion saham bernilai RM2.04 bilion semalam.
Saham rugi mengatasi untung 412 berbanding 356 sementara 310 kaunter tidak berubah. Di kalangan saham aktif, SAAG Consolidated dan Tanco kedua-duanya susut 1.5 sen setiap satu pada masing-masing sembilan sen dan 37 sen, sementara Karambunai susut setengah sen kepada 19.5 sen.
Bagi saham wajaran tinggi, Sime Darby naik lapan sen kepada RM9.04 dan Axiata naik 11 sen kepada RM4.99. CIMB tidak berubah pada RM8.06.
Jumlah dagangan pada Pasaran Utama menyusut kepada 935.26 juta saham bernilai RM1.49 bilion daripada 953.73 juta saham bernilai RM2.02 bilion semalam.
Warant menyusut kepada 83.37 juta unit bernilai RM11.72 juta daripada 87.19 juta unit bernilai RM12.28 juta pada Isnin.
Perolehan dagangan di pasaran ACE menyusut kepada 86.17 juta saham bernilai RM11.51 juta daripada 109.78 juta unit bernilai RM12.01 juta sebelumnya.
- Bernama
Market Value
Still cautious. The underlying tone of the market remained cautious, with investors switching to more defensive names in light of the prevailing geo-political concerns The final day of the current reporting season saw the likes of big cap Maxis unveiling results that were in line while steel companies, Perwaja and Kinsteel disappointed. Maxis also dished out a fourth interim and final dividend of 16 sen/share for the quarter. Meanwhile, AirAsia X has inked a contract to purchase 3 new A330-200s for its route expansion strategy while Felda Global and TNB will be working jointly on a bio-mass plant. The market is likely to consolidate further given the dearth in domestic leads, with the stronger close on the Dow overnight acting as a buffer. After spiking to USD120 per barrel last week on Middle East tensions, Brent crude settled at USD112 per barrel on Monday, providing some solace for the financial markets.
Technical View
The way the market opened and rebounded off the day-low towards the closing yesterday was somewhat similar to last Monday and Wednesday’s trading sessions. The index dropped by more than 10 pts yesterday but ended up with about 2-pt gain. As a result, it left behind a “Long Lower Shadow Line”, which indicates the market’s desire to stay above the recent low.
With this candlestick, there is a possibility that the market may be able to start trending sideways for a while before deciding on a next direction ahead. Nevertheless, the “Lower Shadow Line” has not written off the possibility of the market creating a downtrend channel. We have already drawn the potential downtrend channel in the above daily chart but it would take a while for the market to confirm it.
While watching if the index is in the midst of creating a downtrend channel, we are sticking to our Neutral view. Moreover, the market has violated the uptrend line which had previously supported its uptrend for more than 6 months.
From the current level, immediate support still lies at the 1,490 pt-level, followed by the 1,472 ptlevel.
To the upside, we are now eyeing immediate resistance at the 1,500 psychological mark, followed by the 1,524-1,536-pt area.
FMB KLCI ditutup tinggi dalam sentimen lemah
KUALA LUMPUR 28 Feb - Harga-harga saham di Bursa Malaysia ditutup lemah berikutan pelabur enggan mengambil kedudukan baharu, namun petunjuk pasaran FTSE Bursa Malaysia KLCI (FBM KLCI) kekal dalam wilayah positif susulan minat terhadap saham-saham berwajaran tinggi terpilih.
Indeks utama ditutup 0.13 peratus atau 1.98 mata lebih tinggi pada 1,491.25, selepas dibuka 4.13 mata lebih tinggi pada 1,493.40 pagi ini.Sepanjang hari, indeks 30 saham utama bergerak antara paras 1,474.38 dan 1,493.97 mata.
Krisis politik semasa di Timur Tengah dan Afrika Utara menjejaskan keyakinan dan prospek pertumbuhan.
Hwang DBS Vickers Research Sdn Bhd berkata, pelabur mahu menjual ekuiti di seluruh rantau ini selari dengan anjakan dana dari Asia kembali ke pasaran maju.
Mengenai Bursa Malaysia, Indeks Kewangan meningkat 8.60 mata kepada 13,530.18, Indeks Perusahaan menokok 1.68 mata kepada 2,769.29 manakala Indeks Perladangan susut 40.67 mata kepada 7,540.71.
Indeks FTSE Bursa Malaysia Emas turun 10.62 mata kepada 10,215.54, Indeks FTSE Bursa Malaysia Ace susut 86.71 mata kepada 4,118.11 manakala Indeks FTSE Bursa Malaysia Mid 70 turun 55.14 mata kepada 10,852.61.
Jumlah dagangan berkurangan kepada 1.16 bilion saham bernilai RM2.04 bilion berbanding 1.39 bilion saham bernilai RM1.79 bilion yang direkodkan pada Jumaat
Kaunter rugi mengatasi kaunter untung sebanyak 626 berbanding 228 manakala 223 kaunter tidak berubah.
Antara saham aktif, Tanco Holdings turun 1.5 sen kepada 38.5 sen, Jotech Holdings susut setengah sen kepada 14 sen dan Transmile Group turun 3.5 sen kepada tujuh sen.
Bagi saham berwajaran tinggi, Maybank susut dua sen kepada RM8.62, CIMB berkurangan satu sen kepada RM8.06 manakala Sime Darby turun lapan sen kepada RM8.96.
Jumlah dagangan di Pasaran Utama susut kepada 953.73 juta saham bernilai RM2.02 bilion berbanding 1.13 bilion saham bernilai RM1.76 bilion yang direkodkan Jumaat lepas.
Perolehan dagangan di Pasaran ACE berkurangan kepada 109.78 juta saham bernilai RM12.01 juta berbanding 159.44 juta saham bernilai RM15.96 juta.
Jumlah dagangan waran juga turun kepada 87.19 juta unit bernilai RM12.28 juta berbanding 95.2 juta unit bernilai RM16.54 juta sebelumnya. - Bernama
TECHNICAL REVIEW -28 February 2011
Last Thursday’s slightly more than 20-pt retracement has increased the odds of the market creating a downtrend channel. Judging from the very volatile trading days prior to last Thursday’s sharp retracement, it looks like the bears were returning the market to challenge the bulls’ dominance.
What is more worrying for the bulls now is that the index is at great risk of creating another lower low after seeing last Friday’s dead cat bounce. A crack below the recent low of 1,490 pt-level will likely see the market retracing to the next strong support situated at the 1,472 pt-level.
While watching if the index is in the midst of creating of a downtrend channel, we are sticking to our Neutral view. This possibility is obviously high after last Thursday’s more than 20-pt retracement and the violation of the uptrend line.
From the current level, immediate support lies at the 1,490 pt-level, followed by the 1,472 pt-level. To the upside, we are now eyeing immediate resistance at the 1,500 psychological mark, followed by the 1,524-1,536-pt area.
What is more worrying for the bulls now is that the index is at great risk of creating another lower low after seeing last Friday’s dead cat bounce. A crack below the recent low of 1,490 pt-level will likely see the market retracing to the next strong support situated at the 1,472 pt-level.
While watching if the index is in the midst of creating of a downtrend channel, we are sticking to our Neutral view. This possibility is obviously high after last Thursday’s more than 20-pt retracement and the violation of the uptrend line.
From the current level, immediate support lies at the 1,490 pt-level, followed by the 1,472 pt-level. To the upside, we are now eyeing immediate resistance at the 1,500 psychological mark, followed by the 1,524-1,536-pt area.
MARKET REVIEW - 28 February 2011
Mixed on mild profit taking. Bursa Malaysia ended mixed last Friday on mild profittaking, with finance and plantation stocks leading the decliners. FBM KLCI retreated to close 0.6 pts lower to end last week at 1,489.27 pts although gainers outpaced losers by 524 to 300 while 258 counters were unchanged. Among the key market news are Bank Negara said it will begin to gradually increase motor insurance premiums beginning next year, Hong Kong-based Asia Minerals Ltd plans to build a manganese smelting plant in Sarawak, Datuk TajuddAin Atan is the new Bursa CEO, the Government remains committed to implement the biodiesel B5 mandate in stages from June 2011, AirAsia may raise USD400m in foreign IPOs, TM, which saw net profit surge to RM400.6m, announced a 29 sen a share capital distribution and CIMB rakes in record profit of RM3.52bn. Wall Street stocks piled up steady gains last Friday as Libya jitters eased and investors digested easing oil prices and weaker-than-expected data on US economic growth. The DJIA climbed 61.95 pts to finish at 12,130.45.
MARKET REVIEW - 25 February 2011
Key index falls below 1,500. The FBM KLCI fell further to close at 1,489.87, or 21.24 pts lower, in tandem with a negative Wall Street finish as well as news of local inflation pressure. Among the key market news are sources said motor insurance is to cost more, Proton and Perodua have been asked to prepare their roadmaps on how they plan to be competitive, Tanjung Offshore won a RM33.5mn contract extension to provide three offshore support vessels and EONCap’s CEO resigns. Overnight, most American stocks rose and oil retreated to below USD100 a barrel after the US, Saudi Arabia and International Energy Agency said they could offset any supply disruptions from Libya. However, the DJIA still fell 37.28 pts to close at 12,068.5. As such, we expect the market may continue to consolidate pending fresh leads.
TECHNICAL REVIEW - 25 February 2011
After seeing Tuesday’s RM124 / tonne “Downside Gap” which was confirmed by yesterday’s RM / tonne sell-off, we can comfortably say that the uptrend which started since the mid-term downtrend line was violated in October last year has come to an end.
On Tuesday, as CPO prices gapped down at the opening, the market violated a rather crucial horizontal support floor at the RM3,611 / tonne level. Not only that, the “Downside Gap” also confirmed last Friday’s violation of the uptrend line which had previously supported the CPO market’s rising trend for about 6 months. And the yesterday’s sell-off confirms this “Downside Gap”.
The near-term technical outlook of the CPO market has shifted from bullish to bearish. This is the first time that we are shifting our view towards the near-term market since October last year.
We have identified a few support levels which the market may be testing in the coming months. First support is seen at the RM3,336 / tonne level, followed by the RM3,103 / tonne level and the 3,000 / tonne psychological mark. To the upside, there is immediate resistance at the RM3,045-RM3,669 / tonne area, which is represented by the “Downside Gap” created on Tuesday. Next resistance is seen at the RM3,815-RM3,933 / tonne area.
On Tuesday, as CPO prices gapped down at the opening, the market violated a rather crucial horizontal support floor at the RM3,611 / tonne level. Not only that, the “Downside Gap” also confirmed last Friday’s violation of the uptrend line which had previously supported the CPO market’s rising trend for about 6 months. And the yesterday’s sell-off confirms this “Downside Gap”.
The near-term technical outlook of the CPO market has shifted from bullish to bearish. This is the first time that we are shifting our view towards the near-term market since October last year.
We have identified a few support levels which the market may be testing in the coming months. First support is seen at the RM3,336 / tonne level, followed by the RM3,103 / tonne level and the 3,000 / tonne psychological mark. To the upside, there is immediate resistance at the RM3,045-RM3,669 / tonne area, which is represented by the “Downside Gap” created on Tuesday. Next resistance is seen at the RM3,815-RM3,933 / tonne area.
TECHNICAL REVIEW - 24 February 2011
Over the last three trading days, the index had swung drastically in both directions – at least 10 pts or so from the day-low to the day-high. And over the last two sessions, the index gapped down by more than 5 pts at the opening. Every single early pullback experienced by the market over the last three sessions was followed by concerted effort to bounce back above the flat line. Nevertheless, the index still ended lower over the last two sessions.
Technically, what we can depict from the market action over the last three days is that the market is in a state of confusion. Those with a bearish bent expect further weakness ahead as the index had already violated the uptrend line which had previously supported its uptrend for more than 6 months. Moreover, it still looks like the index could be creating a potential downtrend channel. On the other hand, there are many bargain hunters who like to accumulate shares on seeing the FBM KLCI drop by more than 10 pts.
Our view remains the same - that as long as the market remains stuck within the potential downtrend channel that we have drawn, this means there is still a possibility that the index may be forming a downtrend channel, especially since it has already created a lower high and lower low.
While watching if the index is in the midst of creating of a downtrend channel, we are sticking to our Neutral view. Do not forget that the index is now trading at below the uptrend line.
From the current level, there is still immediate support at the 1,505 pt-level, followed by the 1,500 ptpsychological level. To the upside, there is initial resistance at the 1,524-1,536-pt area.
Technically, what we can depict from the market action over the last three days is that the market is in a state of confusion. Those with a bearish bent expect further weakness ahead as the index had already violated the uptrend line which had previously supported its uptrend for more than 6 months. Moreover, it still looks like the index could be creating a potential downtrend channel. On the other hand, there are many bargain hunters who like to accumulate shares on seeing the FBM KLCI drop by more than 10 pts.
Our view remains the same - that as long as the market remains stuck within the potential downtrend channel that we have drawn, this means there is still a possibility that the index may be forming a downtrend channel, especially since it has already created a lower high and lower low.
While watching if the index is in the midst of creating of a downtrend channel, we are sticking to our Neutral view. Do not forget that the index is now trading at below the uptrend line.
From the current level, there is still immediate support at the 1,505 pt-level, followed by the 1,500 ptpsychological level. To the upside, there is initial resistance at the 1,524-1,536-pt area.
Saham murah pulihkan Bursa Malaysia
KUALA LUMPUR 23 Feb - Harga saham di Bursa Malaysia, yang dicatatkan rendah pada sesi awal, melantun semula untuk ditutup bercampur-campur berikutan aktiviti mencari saham murah, kata para peniaga. Indeks utama, yang dibuka pada paras 1,504.26 pagi ini, mencecah paras tertinggi harian 1,516.52 pada jam 3.56 petang selepas mencatatkan turun naik.
Pada jam 5 petang, FTSE Bursa Malaysia KLCI (FBM KLCI) turun 2.52 mata atau 0.17 peratus kepada 1,511.11, di mana kaunter untung mengatasi kaunter rugi sebanyak 433 kepada 386, manakala 274 kaunter tidak berubah.
Seorang penganalisis syarikat pembrokeran berkata kejutan yang baik mengenai laporan pendapatan syarikat berwajaran tinggi telah menutup kejatuhan harga semalaman di Wall Street dan kegelisahan mengenai kegawatan politik di Asia Barat.
Indeks Kewangan turun 6.02 mata kepada 13,700.49 dengan harga saham pemberi pembiayaan utama, Maybank, meningkat semula daripada paras kerugian untuk ditutup kepada RM8.72, turun 2.0 sen.Indeks Perladangan merosot 24.73 mata kepada 7,735.37.
Indeks Perusahaan merosot 16.70 mata kepada 2,817.13.Indeks FBM Emas rugi 21.029 mata kepada 10,386.99 dan Indeks FBM70 turun 62.07 mata kepada 11,099.38.Indeks FBM Ace pula meningkat 40.92 mata kepada 4,283.25.
Jumlah dagangan meningkat kepada 1.695 bilion saham bernilai RM2.046 bilion daripada 1.655 bilion saham bernilai RM1.875 bilion semalam.
Di kalangan saham aktif, Tanco menokok 15.5 sen kepada 42 sen, Karambunai menokok 1.5 sen kepada 21.5 sen dan Ho Wah Genting meningkat 6.0 sen kepada 70.5 sen.
Di kalangan saham berwajaran tinggi, Public Bank meningkat 16 sen kepada RM13.24 dan Petronas Chemical, yang dijangka mengumumkan keputusan suku tahunnya lewat minggu ini, menokok 4.0 sen kepada RM6.25 dan DiGi.Com melonjak 20 sen kepada RM26.40.
Jumlah dagangan Pasaran Utama meningkat kepada 1.424 bilion saham bernilai 2.004 bilion daripada 1.359 bilion saham bernilai RM1.832 bilion pada Selasa.
Perolehan di Pasaran ACE merosot kepada 137.501 juta unit bernilai RM18.458 juta daripada 158.014 juta unit bernilai RM176.321 juta semalam.
Waran merosot kepada 119.311 juta saham bernilai RM21.768 juta daripada 122.568 juta unit bernilai RM23.570 juta sebelum ini.
- Bernama
TECHNICAL REVIEW - 23 February 2011
After the index’s impressive rebound on Monday, we had not expected it to give back all of the 8.29 pts gained that day. In fact, the index gapped down at the opening, which was a surprise.
Hence, the market remains stuck within the potential downtrend channel that we have drawn. This means there is still a possibility that the index may be creating a downtrend channel, especially since it has already created a lower high and lower low.
While watching if the index is in the midst of creating of a downtrend channel, we are sticking to our Neutral view. Do not forget that the index is now trading at below the uptrend line.
From the current level, there is still immediate support at the 1,505 pt-level, followed by the 1,500 ptpsychological level. To the upside, there is initial resistance at the 1,524-1,536-pt area.
Hence, the market remains stuck within the potential downtrend channel that we have drawn. This means there is still a possibility that the index may be creating a downtrend channel, especially since it has already created a lower high and lower low.
While watching if the index is in the midst of creating of a downtrend channel, we are sticking to our Neutral view. Do not forget that the index is now trading at below the uptrend line.
From the current level, there is still immediate support at the 1,505 pt-level, followed by the 1,500 ptpsychological level. To the upside, there is initial resistance at the 1,524-1,536-pt area.
MARKET REVIEW -23 February 2011
Volatile trading. The KLCI dropped 12.22 points to 1,513.63 points given external concerns on Libya and the contagion effect on the rest of the oil-rich Middle East region which could potentially disrupt global oil supplies and cause a spike in oil prices, and hence a dampener on global economic growth. Today’s corporate news are TNB has completed the pre-qualification tender for Malaysia’s first solar powered plant, TM and Celcom may enter a 10-year concession that will see TM re-enter the cellular business and Malaysia reported a 8% y-o-y increase in total vehicle sales for the month of Jan 2011. Overnight, Wall Street closed 178.46 points lower on the back of geopolitical
risks in the Middle East, which is likely to cap the performance of our local market today.
risks in the Middle East, which is likely to cap the performance of our local market today.
TECHNICAL REVIEW -22 February 2011
Yesterday was one of the most volatile sessions we can remember in recent months. The index started off with a gain of about 5 pts but dipped into negative territory not too long after and even lost as much as 12.02 pts at one point during the day. The market found support at the previous major recent-low of 1,505 pts, and then started to bounce back, eventually ending with a 8.29-pt gain.
Using the potential downtrend channel as guidance, yesterday’s strong push off the 1,505 pt-level was capped right below the downtrend line of the potential channel. Hence, there is still a possibility that the index may create a downtrend channel. We stick to our Neutral view towards the near- termmarket for now.
The retracement that started since the beginning of the year from the historic high has not harmed the market’s mid-term uptrend. Hence, the mid-term technical outlook of the FBM KLCI remains firmly bullish.
From the current level, there is still an immediate support at the 1,505 pt-level, followed by the 1,500 pt-psychological level. To the upside, there is initial resistance at the 1,524-1,536-pt area.
Using the potential downtrend channel as guidance, yesterday’s strong push off the 1,505 pt-level was capped right below the downtrend line of the potential channel. Hence, there is still a possibility that the index may create a downtrend channel. We stick to our Neutral view towards the near- termmarket for now.
The retracement that started since the beginning of the year from the historic high has not harmed the market’s mid-term uptrend. Hence, the mid-term technical outlook of the FBM KLCI remains firmly bullish.
From the current level, there is still an immediate support at the 1,505 pt-level, followed by the 1,500 pt-psychological level. To the upside, there is initial resistance at the 1,524-1,536-pt area.
MARKET REVIEW - 22 February 2011
Choppy trading. The underlying sentiment on regional markets continued to be cautious due to external geopolitical concerns, with the FBM KLCI paring its losses in the morning session following Maybank's strong 1HFY11 results. Other notable results released were that of KFC Holdings, which reported a 39% y-o-y rise in net profit for its 2Q supported by its network expansion and aggressive marketing programs. AMMB will acquire a 100% stake in AmIslamic Bank for RM1.3bn in an internal restructuring. With the unsettling external developments spooking investors, attention has naturally gravitated towards the domestic reporting season, which is expected to see a tide of big caps releasing their numbers over the next few days, including CIMB, AirAsia and Axiata Group. Pending any major negative surprise on the results front, the downside risk on the local bourse should be mitigated. Wall Street was closed yesterday for a national holiday.
TECHNICAL REVIEW -21 February 2011
With the index losing about 47 pts on the 9th, 10th and 11th of Feb, last Friday’s 9-pt gain may seem encouraging, but it could just be a technical rebound from the nearly 50 pts of losses recorded previously. Even though the FBM KLCI has now returned back above the previous recent low of 1,505 pt-level in a convincing manner, we still cannot tell if the index has bottomed out.
Last week, we drew a potential downtrend channel which we hope could help us in reading the nearterm market direction. Having created a lower high last week, there is a possibility that the index may start creating a downtrend channel and eventually retrace to the next key low of 1,474 pts. Last Friday’s rebound emerged within our potential downtrend channel and did not clearly signal the end of the retracement starting at the historic high. Also, do not forget that the index has violated the strong uptrend line.
We stick to our Neutral view towards the near-term market for now. The retracement that started since the beginning of the year from the historic high has not harmed the market’s mid-term uptrend. Hence, the mid-term technical outlook of the FBM KLCI remains firmly bullish.
From the current level, there is still an immediate support at the 1,505 pt-level, followed by the 1,500 pt-psychological level. To the upside, we continue to look for initial resistance at the 1,524-1,536-pt area.
Last week, we drew a potential downtrend channel which we hope could help us in reading the nearterm market direction. Having created a lower high last week, there is a possibility that the index may start creating a downtrend channel and eventually retrace to the next key low of 1,474 pts. Last Friday’s rebound emerged within our potential downtrend channel and did not clearly signal the end of the retracement starting at the historic high. Also, do not forget that the index has violated the strong uptrend line.
We stick to our Neutral view towards the near-term market for now. The retracement that started since the beginning of the year from the historic high has not harmed the market’s mid-term uptrend. Hence, the mid-term technical outlook of the FBM KLCI remains firmly bullish.
From the current level, there is still an immediate support at the 1,505 pt-level, followed by the 1,500 pt-psychological level. To the upside, we continue to look for initial resistance at the 1,524-1,536-pt area.
MARKET REVIEW - 21 February 2011
Closed higher. The FBM KLCI was up 9.0 points to close at 1,517.56. The growth of the Malaysian economy in 2010 was higher than official expectations as the economy expanded by 7.2% compared with the official projection of 7.0% and compared to a contraction of 1.7% in 2009. India expects to buy more palm oil from Malaysia in 2011 given the current shortage of edible oils in the country. Meanwhile, Malaysia’s palm oil export to India had dropped to 1.16m tonnes in 2010 compared with 1.35m tonnes in 2009. UMW Toyota Motor is anticipating Malaysia’s car sales to exceed 90k units this year to maintain its market share at 15%. Finally, both the US markets and crude oil price closed higher on Friday. Crude oil price was up USD0.87 to close at USD89.71/barrel.
Bursa diunjur tinggi minggu ini
KUALA LUMPUR 20 Feb. - Bursa tempatan dijangka diniagakan tinggi minggu ini, disokong oleh angka pertumbuhan ekonomi yang menggalakkan tahun lepas, selain sentimen positif dalam pasaran Asia, kata penganalisis.
Berikutan ketegangan semasa di Timur Tengah, mereka berkata, pelabur akan melihat Asia sebagai enjin pertumbuhan utama dunia.
"Pasaran dijangka lebih berdaya tahan dengan potensi peningkatan dan melangkau ke paras 1,550 mata dalam tempoh terdekat, kata Ketua Penyelidikan Runcit Affin Investment Bank, Dr. Nazri Khan kepada Bernama.
Pasaran ditutup tinggi minggu ini kepada 1,517.56.
"Meskipun kebimbangan mengenai inflasi semakin meningkat, kami masih melihat tema - Asia sebagai enjin pertumbuhan utama dunia - secara umumnya kukuh dalam tempoh sederhana," katanya.
Pada Jumaat, Bank Negara Malaysia mengumumkan Keluaran Dalam Negara Kasar (KDNK) Malaysia untuk tahun lepas berkembang 7.2 peratus berbanding penguncupan 1.7 peratus pada 2009 manakala pertumbuhan suku keempat menyederhana kepada 4.8 peratus berbanding 5.3 peratus pada suku ketiga.
Ia merupakan kadar pertumbuhan tahunan terpantas sejak 2000, yang tidak ragu-ragu lagi akan menggalakkan pelabur mengumpul saham.
"Kami yakin pelabur institusi sudah mula membeli, dengan banyak saham mencatat keputusan pendapatan yang positif bagi tempoh suku keempat," katanya.
Bayangan bahawa kadar faedah akan dinaikkan dan kitaran pelaburan yang meningkat, dilihat sebagai pemangkin asas yang penting dalam jangka terdekat.
"Sudah ada tanda-tanda yang menunjukkan pelaburan yang semakin rancak dan penggabungan korporat sudah bermula dengan pelaburan langsung asing dan penggabungan dan pengambilalihan masing-masing meningkat lebih 400 peratus dan 300 peratus pada 2010 - kadar pertumbuhan paling pantas di Asia Pasifik," katanya.
Pada Jumaat, FBM KLCI meningkat mengatasi paras psikologi 1,500 mata, hasil daripada keuntungan ketara dalam kebanyakan syarikat berkaitan indeks.
Mengikut asas mingguan, FBM KLCI meningkat 23.04 mata kepada 1,517.56 berbanding 1,494.52.
Indeks Emas meningkat 155.77 kepada 10,508.58 daripada 10,352.81 dan Indeks FBM70 Index menokok 239.60 mata kepada 11,442.27 berbanding 11,202.67, namun Indeks FBM Ace susut 50.57 mata kepada 4,455.59 berbanding 4,506.16.
Indeks Kewangan meningkat 201.53 mata kepada 13,720.64 daripada 13,519.11, Indeks Perusahaan menokok 21.67 mata kepada 2,857.56 daripada 2,835.89 manakala Indeks Perladangan menambah 70.52 mata kepada 7,880.01 berbanding 7,809.49.
Jumlah dagangan bagi minggu yang baru berakhir susut kepada 7.09 bilion saham bernilai RM7.637 bilion berbanding 12.51 bilion saham bernilai RM13.55 bilion pada minggu dagangan yang pendek minggu lalu.
Jumlah dagangan di pasaran utama berkurangan kepada 1.238 bilion saham bernilai RM441.856 juta berbanding 9.99 bilion saham bernilai RM13.08.
Jumlah dagangan di Pasaran ACE susut kepada 29.105 juta saham bernilai RM5.434 juta berbanding 1.582 bilion saham bernilai RM235.71 juta.
Waran susut kepada 104.507 juta unit bernilai RM19.004 juta berbanding 845.51 juta unit bernilai RM213.92 juta. - BERNAMA
Bursa ditutup bercampur-campur
KUALA LUMPUR 17 Feb - Harga saham di Bursa Malaysia ditutup bercampur-campur hari ini berikutan tekanan kecil jualan asing, kata para peniaga.
Mereka berkata indeks utama kekal positif yang dibantu oleh keuntungan kaunter kewangan terpilih seperti Maybank dan Kumpulan CIMB.
Sehingga jam 5 petang, FTSE Bursa Malaysia KLCI (FBM KLCI) meningkat 2.26 mata atau 0.15 peratus kepada 1,508.56 di dalam dagangan berhati-hati selepas dibuka meningkat 2.23 mata kepada 1,508.53.
"Pasaran sedang mengukuh sekitar paras 1,500 mata hari ini," kata seorang peniaga.
Ulasan Perdana Menteri Datuk Seri Najib Tun Razak bahawa pertumbuhan keluaran dalam negara kasar (KDNK) negara ini bagi 2010 kemungkinan melebihi 6.0 peratus telah membantu menaikkan sentimen manakala Wall Street membantu semasa pembukaan.
Indeks Kewangan meningkat 77.711 mata kepada 13,638.23, Indeks FBM Emas meningkat 11.55 kepada 10,437.17 dan Indeks FBM70 menokok 36.02 mata kepada 11,316.96.
Indeks Perladangan turun 68.14 mata kepada 7,863.90, Indeks Perusahaan turun 3.94 kepada 2,849.28 dan Indeks FBM merosot 67.20 mata kepada 4,486.87.
Kaunter rugi mengatasi kaunter untung sebanyak 536 kepada 292 manakala 282 tidak berubah, 276 tidak diniaga dan 26 digantung.
Jumlah dagangan turun kepada 1.738 bilion saham bernilai RM1.760 bilion daripada 1.878 bilion saham bernilai RM2.029 bilion pada Rabu.
Antara saham paling aktif, Ariantec Global Bhd dan SAAG Consolidated masing-masing tidak berubah pada harga 5.5 sen kepada 12.5 sen, Tanco turun 8.0 sen kepada 31.5 sen, Scomi Group menokok 1.0 sen kepada 37.5 sen.
Di kalangan saham berwajaran tinggi, Maybank meningkat 3.0 sen kepada RM8.50, Kumpulan CIMB meningkat 7.0 sen kepada RM8.17 dan Sime Darby turun 1.0 sen kepada RM9.27.
Di pasaran utama, jumlah dagangan turun kepada 1.287 bilion saham bernilai RM1.696 bilion daripada 1.506 bilion saham bernilai RM1.968 bilion pada Rabu.
Perolehan di Pasaran ACE meningkat kepada 314.656 juta unit bernilai RM32.852 juta daripada 215.63 juta unit bernilai RM26.940 sebelum ini. Waran meningkat kepada 115.410 juta saham bernilai RM26.966 juta daripada 106.471 juta saham bernilai RM25.146 juta semalam.- Bernama
TECHNICAL REVIEW -17 February 2011
The FBM KLCI gapped down by nearly 9 pts at the opening yesterday but also made an attempt to bounce back. After hours of struggling to move up, the index finally eked out a 0.97-pts gain and also closed slightly above the much talked about 1,505 pt-level.
From yesterday’s market action, we believe no one can tell for sure if it was a decisive return back above the 1,505 pt-level. Anyhow, whether the previous major recent-low of 1,505 has been convincingly violated or not is no longer much of concern to us. Our focus is now on the lower high which has been created at below the uptrend line. This is because having created a lower high, there is a possibility that the index may start creating a downtrend channel and eventually retrace to the next key low of 1,474 pts.
We maintain our Neutral view towards the near-term market. In the meantime, while it does look like the index might be creating a downtrend or a downtrend channel, it is still too early to confirm this statement.
From the current level, there is immediate support at the 1,500 pt-level, followed by the 1,474 ptlevel. Although the index closed slightly above the 1,505 pt-level, we still view this level as the immediate resistance. We would still want to see if the index can return back above the 1,505 pt-level on strong upward momentum while next resistance is seen at the 1,524-1,536-pt area.
From yesterday’s market action, we believe no one can tell for sure if it was a decisive return back above the 1,505 pt-level. Anyhow, whether the previous major recent-low of 1,505 has been convincingly violated or not is no longer much of concern to us. Our focus is now on the lower high which has been created at below the uptrend line. This is because having created a lower high, there is a possibility that the index may start creating a downtrend channel and eventually retrace to the next key low of 1,474 pts.
We maintain our Neutral view towards the near-term market. In the meantime, while it does look like the index might be creating a downtrend or a downtrend channel, it is still too early to confirm this statement.
From the current level, there is immediate support at the 1,500 pt-level, followed by the 1,474 ptlevel. Although the index closed slightly above the 1,505 pt-level, we still view this level as the immediate resistance. We would still want to see if the index can return back above the 1,505 pt-level on strong upward momentum while next resistance is seen at the 1,524-1,536-pt area.
MARKET REVIEW - 17 February 2011
Time for a comeback. The FBM KLCI recovered from an intraday low of 1495.43 points to close above the 1500-point psychological level. Although market breadth was still negative with 342 gainers against 493 losers, this ratio is improving. Other than the quarterly results by IOI Corp, Dialog and Amway, the news headlines are Sime Darby could face a USD200m lawsuit from Abu Dhabi-based Emirates International Energy Services, and Petronas is said to be among those picked by Venezuela for its longdelayed offshore natural gas project. The Dow jumped 62 points after Federal Reserve minutes show officials are more optimistic about the US economic outlook while the European bourses were also broadly higher. These overseas factors could help to lift the FBM KLCI today. The index is currently trading at its 1505-point resistance level.
TECHNICAL REVIEW - 16February 2011
It did really look like the index had decisively violated the key recent-low of 1,505 pts when it gave up another 9.5 pts last Friday following the 32.08-pt retracement the day before. Surprisingly, the index bounced back by slightly more than 10 pts on Monday, which basically recouped all the losses recorded last Friday.
Anyhow, the index ended the session at the 1,505 pt-level. The breakdown at this level previously caused us to shift our near-term view towards the market to neutral. This is because the breakdown at the 1,505 pt-level created a lower high at the same time. That said, the index was also trading at below the uptrend line then.
The surprise comeback on Monday may save the market from retracing towards the next strong support situated at the 1,474 pt-level. Meanwhile, we maintain our Neutral view towards the nearterm market. Having created a lower high, this is still a possibility that the index may start creating a downward channel and eventually retrace to the next key low of 1,474 pts.
From the current level, there is immediate support at the 1,500 pt-level, followed by the 1,474 ptlevel. To the upside, the 1,505 pt-level is the immediate resistance. We will see if the index can return back above the 1,505 pt-level on strong upward momentum while the next resistance is seen at the 1,524-1,536-pt area.
Anyhow, the index ended the session at the 1,505 pt-level. The breakdown at this level previously caused us to shift our near-term view towards the market to neutral. This is because the breakdown at the 1,505 pt-level created a lower high at the same time. That said, the index was also trading at below the uptrend line then.
The surprise comeback on Monday may save the market from retracing towards the next strong support situated at the 1,474 pt-level. Meanwhile, we maintain our Neutral view towards the nearterm market. Having created a lower high, this is still a possibility that the index may start creating a downward channel and eventually retrace to the next key low of 1,474 pts.
From the current level, there is immediate support at the 1,500 pt-level, followed by the 1,474 ptlevel. To the upside, the 1,505 pt-level is the immediate resistance. We will see if the index can return back above the 1,505 pt-level on strong upward momentum while the next resistance is seen at the 1,524-1,536-pt area.
MARKET REVIEW -16 February 2011
Still choppy. The FBM KLCI rebounded by 10.81 pts on Monday in line with regional markets as China’s inflation rate came in below expectations. Today’s major news is Petronas announcing a significant oil and gas field discovery off the coast of Sarawak on Monday afternoon, which may spur follow-through buying on O&G stocks today. Meanwhile, speculation is rife that the Sarawak state elections may be held in April this year. With retail sales in the US coming in below expectations, the overnight drop in US markets may weigh on the KLCI again today. The short term outlook remains rather choppy.
TECHNICAL REVIEW - 14 February 2011
A further 9.5-pt drop in the FBM KLCI last Friday wrote off the market’s possibility of constructing a sideways trend at above the key recent-low of 1,505 pts. As we mentioned last week, the slightly more than 20-pt rebound off the 1,505 pt-level that occurred on the 26th of last month indicated an obvious attempt at bottoming out and the market action on 31 Jan 2011 again reaffirmed this rebound conviction. When the market finally failed to hold up the 1,505 pt-level, market sentiment deteriorated quickly and led to the FBM KLCI giving up another 9.5 pts.
Not only was the “non-classical Hammer” not confirmed, the FBM KLCI also violated the key recent low and created a lower high at the same time. Not to forget, the index has already violated the uptrend line which had supported the previous uptrend for more than 6 months. The technical landscape of the FBM KLCI is no doubt weakening.
As the FBM KLCI is no longer trading at above the uptrend line and has decisively violated the 1,505 pt-level, we are now Neutral on the index’s near-term outlook. After the violation of the key recent low, there is a possibility that the market will eventually retrace towards the 1,474 pt-level, or the next strong support. At the 1,474 pt-level, the bulls will have a great chance of retaliating.
As the market closed below the 1,500-pt psychological mark, immediate support now lies at the 1,474 pt-level. To the upside, there is immediate resistance at the 1,500-pt mark, followed by the 1,505 pt-level, and the 1,524-1,536-pt area.
Not only was the “non-classical Hammer” not confirmed, the FBM KLCI also violated the key recent low and created a lower high at the same time. Not to forget, the index has already violated the uptrend line which had supported the previous uptrend for more than 6 months. The technical landscape of the FBM KLCI is no doubt weakening.
As the FBM KLCI is no longer trading at above the uptrend line and has decisively violated the 1,505 pt-level, we are now Neutral on the index’s near-term outlook. After the violation of the key recent low, there is a possibility that the market will eventually retrace towards the 1,474 pt-level, or the next strong support. At the 1,474 pt-level, the bulls will have a great chance of retaliating.
As the market closed below the 1,500-pt psychological mark, immediate support now lies at the 1,474 pt-level. To the upside, there is immediate resistance at the 1,500-pt mark, followed by the 1,505 pt-level, and the 1,524-1,536-pt area.
MARKET REVIEW - 14 February 2011
Lower finish. The FBM KLCI was down 9.47 points to close at 1,494.52 pts. The corporate headlines include Telekom Malaysia Bhd to invest USD4m (RM12.2m) for its portion of the Batam-Dumai-Malacca cable system, and shares in IGB Corp Bhd and its subsidiary KrisAssets Holdings Bhd are suspended until 5pm today pending the announcement of a proposed material transaction. Finally, the US markets closed higher as investors cheered the resignation of Egyptian President Hosni Mubarak. However, crude oil price eased USD1.15 to close at USD85.58/barrel.
Bursa kekal stabil minggu depan
KUALA LUMPUR 13 Feb. - Bursa tempatan dijangka terus stabil minggu depan dengan FTSE Bursa Malaysia KLCI (FBM KLCI) bergerak dalam jajaran 1,480 dan 1,500.
Ketua Penyelidikan Runcit Affin Investment Bank Dr Nazri Khan berkata, ini sejajar dengan kelemahan sentimen serantau berikutan jangkaan langkah mengetatkan kredit dalam pasaran Asia susulan kenaikan kadar China.
Beliau berkata, terdapat petanda pengurus dana akan menggunakan alasan itu untuk mengambil keuntungan.
"Meskipun jangkaan kenaikan kadar faedah serantau dan aliran modal tidak menentu, kami percaya sebarang pembetulan adalah suatu yang sihat kerana adanya petunjuk positif untuk menyokong pasaran tempatan," katanya.
Tentang kebimbangan kebalikan aliran modal akan diletakkan di tempat yang salah, beliau berkata aliran keluar hanya mencerminkan perumpukan semula sementara portfolio berikutan kepantasan peningkatan inflasi di Asia berbanding AS dan Eropah.
Nazri menyenaraikan lima faktor yang akan menyokong pasaran. Dua daripadanya ialah prestasi kukuh ringgit dan kekukuhan harga minyak sawit mentah yang naik hampir ke paras tertinggi dalam tempoh tiga tahun.
Selain itu, katanya, krisis di Mesir masih faktor terpencil.
Faktor-faktor lain ialah penurunan harga minyak global dan pemulihan kukuh pasaran di AS dan Eropah bagi menyokong minat risiko yang tinggi. "Kami juga percaya hasil dividen pasaran tempatan sekarang pada 3.5 peratus masih kekal menarik kerana ia ketika ini melepasi paras serantau," katanya.
Keseluruhannya, kata Dr Nazri, sektor perladangan dijangka menjadi kaunter pilihan.
Bagi minggu yang berakhir ini, pasaran mencatatkan permulaan yang positif pada Isnin selepas cuti Tahun Baru Cina, diterajui kenaikan dalam kaunter berkaitan perladangan di tengah-tengah kekukuhan harga minyak sawit mentah.
Bagaimanapun, ia beralih negatif pada Rabu dengan penurunan dalam saham mewah apabila sentimen bertukar menjadi berhati-hati di tengah-tengah berita kenaikan terbaharu kadar China.
Pada Khamis, FBM KLCI susut 30.08 mata kepada 1,503.99, paras terendahnya sejak 21 Dis tahun lepas sejajar dengan penurunan pasaran serantau Asia lain.
Pada Jumaat, FBM KLCI turun di bawah paras psikologi 1,500 apabila sentimen kekal berhati-hati di tengah-tengah kelemahan pasaran serantau disebabkan ketegangan yang memuncak di Mesir.
Bagi asas mingguan, FBM KLCI turun 37.3 mata kepada 1,494.52 daripada 1,531.82.
Indeks Emas susut 217.51 kepada 10,352.81 daripada 10,570.32 dan Indeks FBM70 berkurangan 152.29 mata kepada 11,202.67 daripada 11,354.96, tetapi Indeks FBM Ace naik 91.87 mata kepada 4,506.16 daripada 4,414.29.
Indeks Kewangan susut 452.03 mata kepada 13,519.11 daripada 13,971.14, Indeks Perusahaan berkurangan 44.41 mata kepada 2,835.89 daripada 2,880.3 dan Indeks Perladangan turun 148.01 mata kepada 7,809.49 daripada 7,957.5.
Jumlah dagangan mingguan meningkat kepada 12.51 bilion saham bernilai RM13.55 bilion daripada 2.95 bilion saham bernilai RM3.78 bilion yang dicatatkan pada minggu sebelumnya.
Jumlah dagangan Pasaran Utama meningkat kepada 9.99 bilion saham bernilai RM13.08 bilion daripada 2.60 bilion saham bernilai RM3.72 bilion.
Jumlah dagangan di Pasaran ACE turun kepada 1.582 bilion saham bernilai RM235.71 juta daripada 151.33 juta saham bernilai RM19.11 juta..
Waran menokok kepada 845.51 juta unit bernilai RM213.92 juta daripada 185.85 juta unit bernilai RM44.90 juta. - Bernama
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