Saham perladangan rangsang Bursa kukuh

KUALA LUMPUR 27 Jan - Lantunan di kaunter-kaunter perladangan dan kewangan hari ini membantu FTSE Bursa Malaysia KLCI (FBM KLCI) berpatah arah daripada kejatuhan yang dialami pada tiga hari berturut-turut, kata peniaga.

Pada pukul 5 petang, FBM KLCI mengakhiri dagangan pada 1,526.96, naik 6.96 mata atau 0.458 peratus setelah dibuka 6.48 mata lebih tinggi pada 1,526.48.

Antara saham-saham berkaitan perladangan yang mendorong peningkatan bursa tempatan ialah Sime Darby yang mengukuh empat sen kepada RM9.24, IOI Corp menokok sesen kepada RM5.77, Batu Kawan melonjak 48 sen kepada RM16.78 dan KL Kepong yang melompat 40 sen kepada RM21.30.

Ketua Penyelidikan Runcit Affin Investment Bank, Dr Nazri Khan, berkata suasana yang lebih teguh hari ini disebabkan oleh kegiatan mencari saham murah, tetapi keadaan ini hanya sementara. "Pasaran mengalami lebihan jualan berikutan kejatuhan besar dalam tiga hari lepas," katanya kepada Bernama hari ini.

Indeks Kewangan naik 50.899 mata kepada 13,978.88, Indeks Perladangan meningkat 81.17 mata kepada 7,917.61 dan Indeks Perusahaan menambah 16.91 mata kepada 2,880.5. Indeks FBM Emas mengukuh 71.04 mata kepada 10,521.33, Indeks FBM70 melonjak 132.39 mata kepada 11,275.87.

Bagaimanapun, Indeks FBM Ace susut 9.6 mata kepada 4,240.47. Saham untung mengatasi saham rugi dengan jumlah 538 berbanding 238 manakala 263 tidak berubah, 325 tidak diniagakan dan 25 yang lain digantung urus niaga.

Jumlah dagangan mengecil kepada 1.410 bilion saham bernilai RM2.217 bilion daripada 1.420 bilion saham bernilai RM2.601 bilion semalam.

Mengungguli senarai saham-saham paling cergas ialah Ho Wah Genting yang menokok 8.5 sen kepada 64.5 sen, SAAG Consolidated tidak berubah, pada 12.5 sen dan Daya Material menambah 1.5 sen kepada 25.5 sen.

Bagi saham-saham berwajaran tinggi, Petronas Chemical naik 16 sen kepada RM6.12, Axiata dan Maybank turun sesen setiap satu.

Dalam Pasaran Utama, jumlah dagangan susut kepada 1.179 bilion saham, bernilai RM2.177 bilion daripada 1.186 bilion saham bernilai RM2.560 bilion sebelumnya.

Pasaran ACE mencatatkan peningkatan jumlah dagangan kepada 87.105 juta saham, bernilai RM8.565 juta berbanding 56.722 juta saham bernilai RM6.857 juta yang dicatatkan semalam. Waran susut jumlahnya kepada 139.501 juta saham bernilai RM28.479 juta berbanding 172.553 juta saham bernilai RM32.499 juta. - Bernama

MARKET REVIEW - Thursday, 28 January 2011

Finishing higher. The FBM KLCI rose 6.96 points to close at 1,526.96. Petronas will develop 4 marginal oilfields in the immediate term to boost Malaysia’s oil production. Perisai expects to expand its fleet of vessels by purchasing a 51% stake in Intan Offshore SB, a vessel chartering company, for RM45.24m while Bank Negara is keeping the OPR at 2.75%. Meanwhile, Sime Darby’s energy and utilities division and Mustang, a Wood Group Company, have formed Mustang Sime Darby, a JV company that will venture into the O&G industry while Benalac is proposing to buy 2 vessels for RM20.75m. Finally, the US markets closed marginally higher but crude oil price slipped USD1.69 to USD85.64/barrel.

TECHNICAL VIEW - Thursday, 27 January 2011

The FBM KLCI fell by slightly more than 20 pts at one point during yesterday’s session. Nevertheless, the index recouped more than 50% of the day’s losses and ended with only a 6.43-pt loss. As a result, a “non-classical Hammer”, which is a bullish reversal pattern, was printed on the daily chart. This is a non-classical reversal formation because the real body of the yesterday’s candlestick was represented by the 6.43-pt loss and not a positive closing. For this type of candlestick pattern, further confirmation is very important. Moreover, it looks like the “non-classical Hammer” was constructed at slightly below uptrend line 1.

At this level, it is hard to tell if the market has violated the important uptrend line which has been supporting the FBM KLCI’s rising trend since May last year. Firstly, there was an obvious attempt at a rebound yesterday and the index successfully recouped more than 50% of its losses. On the other hand, yesterday’s market action also looks like a failed rebound attempt to go above the uptrend line 1.

We will need to see the market action for the next few trading days to determine the index’s nearterm direction. It looks like the minor breakout that occurred at above uptrend 1 could potentially lead to major damage ahead. Also, we would not know if the projected uptrend line as it is portrayed in the above daily chart has been correctly drawn as this line will not be confirmed in the near future in view of the FBM KLCI’s current technical landscape.

As it looks like the index is struggling at around uptrend line 1, we are beginning to become cautious on our near-term bullish bias. But based on the facts mentioned above, it is still too early
to change our view.

Next support is detected at the 1,500 pt-psychological mark. Below it, look for the November low of 1,493 pt-level and the October low of 1,474 pt-level as the next supports. To the upside, there is immediate resistance at the 1,532 pt-level, followed by the 1,558 to 1,567-pt downside gap created last Friday.

MARKET REVIEW - Thursday, 27 January 2011

Better in time. Although losing another 6 points, the FBM KLCI started to show signs of recovery yesterday, closing at 1520 points after falling to a low of 1505. Market breadth was still negative but with 328 gainers against 418 losers, it appears that confidence is coming back. Meanwhile, regional markets were mostly higher while Europe was decidedly in the green. Last night, the Dow continued to inch up, crossing the 12,000 mark although it could not hold above it. Today’s news headlines include Wah Seong Corp sells off its 50% stake in Arabian Yadong Coating Co along with related equipment for RM10.5m, Zhulian reported a RM24.3m 4Q net profit, Petronas Gas awards contract relating to LNG regasification and Kencana Petroleum raises RM398m from private placement at RM2.38 per share. The market will be closely watching Bank Negara's rate decision today.

Dagangan Bursa terus rendah

KUALA LUMPUR 26 Jan - Saham-saham perladangan terus menarik turun harga-harga saham di Bursa Malaysia ketika ditutup hari ini berikutan berkurangannya minat para pelabur, kata para peniaga.

Pada pukul 5 petang, FTSE Bursa Malaysia KLCI (FBM KLCI) turun 6.43 mata atau 0.421 peratus kepada 1,520.0 selepas dibuka satu mata lebih rendah pada 1,525.43.

Indeks Kewangan merosot 7.489 mata kepada 13,927.98, Indeks Perladangan berkurangan 57.18 mata kepada 7,836.44 dan Indeks Perindustrian lega 20.67 mata kepada 2,863.59.

Indeks FBM Emas susut 35.31 mata kepada 10,450.29, Indeks FBM70 kerugian 27.01 mata kepada 11,143.48 tetapi Indeks FBM Ace menokok 11.7 mata kepada 4,250.07.

Kehendak risiko pelabur terus kekal lemah menjelang tempoh urus niaga yang lebih singkat sempena sambutan Tahun Baru Cina minggu depan. Bank Negara dijangka mengumumkan keputusan dasar monetarinya esok.

Di pasaran global, pasaran masih lagi menantikan kenyataan Rizab Persekutuan AS lewat hari ini yang dijangka mengesahkan kembali hala tuju bank pusat dalam menyokong pertumbuhan.

Saham-saham rugi mengatasi saham untung dengan 418 berbalas 328 sementara 311 tidak berubah, 355 tidak diniagakan dan 25 yang lain digantung. Jumlah dagangan berkurangan kepada 1.420 bilion saham bernilai RM2.601 bilion daripada 1.951 bilion saham bernilai RM2.439 bilion semalam.

Di kalangan kebanyakan saham-saham aktif, SAAG dan Compugates, masing-masing naik setengah sen kepada 12.5 sen dan 6.5 sen, Ho Wah Genting menokok tiga sen kepada 56 sen sementara Ramunia Holdings turun satu sen kepada 64 sen.

Saham-saham berwajaran tinggi, CIMB Group menambah empat sen kepada RM8.34, Sime Darby kerugian 10 sen kepada RM9.20, Axiata susut tiga sen kepada RM4.71 dan Maybank merosot lapan sen kepada RM8.71. IOI Corporation susut satu sen kepada RM5.76 dan PPB Group lebih rendah lapansen kepada RM17.02.

Di pasaran utama, jumlah dagangan turun kepada 1.186 bilion saham bernilai RM2.560 bilion daripada 1.698 bilion saham bernilai RM2.393 bilion semalam.

Jumlah dagangan di Pasaran Ace susut kepada 56.722 juta saham bernilai RM6.857 juta berbanding 83.134 juta unit bernilai RM12.234 juta semalam. Jumlah dagangan waran bagaimanapun meningkat kepada 172.553 juta bernilai RM32.499 juta berbanding 165.145 juta saham bernilai RM31.868 juta pada hari Selasa. - Bernama

TECHNICAL VIEW - Wednesday, 26 January 2011

Although we have not updated the HSI for a while, the market’s near-term technical outlook still remains firmly bullish. To re-cap, the index experienced a major breakout from the mid-term downtrend line in September and that breakout, as mentioned many times previously, had drastically improved its technical landscape. Since then, the HSI has been rising and in the process, constructed an uptrend line, which is portrayed in the above daily chart.

The importance of this uptrend line was confirmed last month when the HSI rebounded right above the trend line. Although it does look like the index could be creating a lower high after experiencing the retracement in recent weeks, everything would be fine for the market as long as it stays at above the uptrend line.

Hence, our near-term view towards the HSI is very straightforward. We will maintain our bullish view until the uptrend line is violated.

From the current level, there is immediate support at the 23,481 pt-level, followed by the 22,782 ptlevel and the 22,392 pt-level. We think a break below 22,000 pts would be sufficient to confirm a shift in the short-term trend. To the upside, an initial resistance lies at the 24,434 pt-level, followed by the 24,988 pt-level, or last year’s peak.

MARKET REVIEW - Wednesday, 26 January 2011

Losing more ground. The FBM KLCI fell 16.54 points to 1,526.43 pts. Today’s headlines include the Minister of International Trade and Industry saying that the Government will not force Proton and Perodua to merge while Public Bank Bhd reported a record net profit of RM846.19m for its 4QFY10, and Malaysia’s logistics industry is expected to grow by 11.5% to RM121bn in 2011. Meanwhile, Ramunia Bhd will buy Oilfab’s fabrication yard for RM84m, and Ann Joo Resources Bhd has entered into a share sale agreement to acquire a 38% stake in Anshin Steel Processor SB at a cash consideration of RM2.10/share worth RM11.97m. Finally, the US markets closed mixed while crude oil price lost USD1.68 to close at USD86.19/barrel.

Technical View - Tuesday, 25 Jan 2011

The FBM KLCI gave up another 4 pts or so yesterday, which means that the index has lost about 25 points over the last two sessions. Compared to the about 45-pt gain recorded on the first week of 2011, this means that the index has shed more than 50% of its gains.

As we mentioned yesterday, the index staged a minor breakdown last Friday but we are not sure if this breakdown would lead to major damage in the following weeks. We have been using uptrend line 1 as our guidance on the market’s near-term outlook. As the index is now trading just above uptrend line 1, one or two rounds of heavy selling pressure on the index’s component stocks would cause significant damage to the market’s near-term outlook. This is because the FBM KLCI has been trending up rather steadily at above uptrend line 1 since May last year.

Anyhow, we continue to view the market action within the uptrend channel as insignificant as we would expect the FBM KLCI to scale up in the near term as long as it maintains a posture within the channel.

After last Friday’s breakdown, we no longer view the market’s consolidation of the first week’s massive gains as constructive. Immediate support is still seen at the 1,532 pt-level, or the previous historic high, while next support is detected at the 1,500 pt-psychological mark. Immediate resistance is situated at the 1,558 to 1,567-pt downside gap created last Friday. The 1,577 pts historic high is naturally the next resistance for the index.

Technical View

The nearly 20-pt fall in the FBM KLCI last Friday led to the index closing below the recent sideways trading range which took shape after it picked up some 54 pts in the first week of the year. As a result, the index experienced a minor breakdown within the uptrend channel last Friday.

After last Friday’s breakdown, unless the index can quickly rebound back above the 1,558 pt-level, which is the support line of the recent sideways trading range, it is unlikely that the market will create a new high soon and confirm the accuracy of our projected resistance line. Instead, there is a possibility that the FBM KLCI will re-test uptrend line 1 once again. 

Anyhow, we continue to view the market action within the uptrend channel as insignificant as we would expect the FBM KLCI to trend higher in the near term as long as it maintains a posture within the channel. After last Friday’s breakdown, the market’s consolidation of the first week’s massive gains is no longer being viewed as constructive. Immediate support is now seen at the 1,532 pt-level, or the previous historic high while next support is detected at the 1,500 pt-psychological mark. Immediate resistance is now seen at the 1,558-1,567 pt downside gap created last Friday. The 1,577 historic high is naturally the next resistance for the index.

Market Review

A lower week. The FBM KLCI fell 19.08 points to close at 1,547.43 on Friday. Among the news, Bank  Negara said its international reserves stood at RM329.9bn as at 14 Jan 2011, GSB Group Bhd has entered into a conditional sale and purchase agreement with Leopad Holdings SB to sell its property comprising land and a 13-storey hotel for RM22m cash while Salcon is aiming for a 40% contribution to revenue from its overseas operations in two to three years from the current 20% by securing new water-related contracts in countries like China and India. Malaysia Smelting Corp’s public offering share for a secondary listing on the Singapore Exchange Securities Trading Ltd has been fixed at SGD1.75 or RM4.17/share, and Time Engineering Bhd expects to raise RM300.6m for the sale of its entire equity stake in TimedotCom Bhd to the former’s shareholders. Finally, the US markets closed mix, with the technology shares lagging the broader market as investors weighed strong earnings from General Electric against a quarterly loss from Bank of America. Meanwhile, crude oil price dipped USD0.48 to USD89.11/barrel.

Saham diniaga secara berhati-hati

KUALA LUMPUR 23 Jan. - Harga-harga saham di Bursa Malaysia mungkin diniagakan dalam jaluran yang sempit minggu ini dengan para pelabur dijangka kekal tidak memasuki pasaran di celah-celah kegiatan pengambilan untung, kata para peniaga.

Mereka berkata, urus niaga di pasaran tempatan dan serantau mungkin kekal berhati-hati minggu ini berikutan kebimbangan yang masih berlegar-legar mengenai dasar monetari yang lebih ketat diambil oleh kerajaan China bagi memerangi inflasi.

Bagaimanapun, kerugian di pasaran tempatan boleh dikekang oleh belian berterusan dana tempatan dan perkhabaran positif seperti pengumuman projek-projek pembinaan yang disenaraikan dalam Bajet 2011, kata para peniaga.

"Pasaran sudah keletihan," kata Ketua Penyelidikan Runcit Affin Investment Bank, Dr. Nazri Khan sambil menambah yang pengambilan untung akan berterusan memandangkan pasaran telah pun mengalami pembetulan teknikal yang serius minggu lepas.

Beliau berkata, pasaran telah memecah dua paras sokongan yang penting, iaitu 1,560 dan 1,550 selepas memperoleh 92 peratus mulai Mac 2009.

"Pengukuhan pasaran telah pun bermula lebih awal daripada yang dijangkakan oleh kebanyakan penganalisis yang percaya pembetulan akan berlaku selepas Tahun Baru Cina," kata beliau.

Situasi ini akan berpanjangan untuk seketika, biasanya dalam dua bulan kerana dana asing akan terus mengurangkan pegangan masing-masing, kata Nazri.

Beliau berkata, paras sokongan dijangka berada pada paras 1,530 sementara halangan pada 1,515 dan 1,500 sementara saham-saham pula tertumpu kepada yang berkaitan pengguna.

Sementara itu, MIDF Research menjangkakan potensi untuk kenaikan kadar dasar semalaman (OPR) minggu depan boleh menjadi pemangkin untuk pasaran memecah paras 1,600 mata.

Saham-saham perbankan diramal bergerak rancak jika bank pusat menaikkan OPR sebanyak 25 mata asas minggu depan, katanya dalam nota penyelidikan.

"Kami terus berpendapat yang Bank Negara akan menaikkan OPR antara 50 hingga 75 mata asas pada 2011, dengan 40 peratus kemungkinan 25 mata asas kenaikan dalam separuh pertama dan selebihnya dalam separuh kedua 2011," katanya.

Untuk minggu baru berakhir, harga-harga saham di Bursa Malaysia menyaksikan urus niaga lembap berikutan penjualan besar-besaran dalam saham mewah selepas kerancakan kukuh baru-baru ini.

Benalec dan Tambun Indah Land mencatatkan penyenaraian ulung yang memberangsangkan di Papan Utama dengan kedua-duanya mengakhiri minggu urus niaga, masing-masing pada RM1.41 dan 78.5 sen.

Benalec mula disenaraikan dengan premium 36 sen daripada harga tawaran RM1 sesaham, sementara Tambun Indah Land disenaraikan di Pasaran Utama pada 80 sen sesaham, premium sebanyak 10 sen daripada harga terbitan 70 sen sesaham.

Berdasarkan kepada perbandingan Jumaat-Jumaat, FBM KLCI susut 22.46 mata kepada 1,547.43.

Indeks FBM Emas merosot 196.74 mata kepada 10,632.06 dan Indeks FBM Top 70 berkurangan 175.93 mata kepada 10,358.53 tetapi Indeks FBM Ace naik 78.83 mata kepada 4,271.81.

Indeks Kewangan lega 302.62 mata kepada 14,017.05, Indeks Perladangan turun 148.55 mata kepada 8,091.12 dan Indeks Perindustrian lebih rendah 21.27 mata kepada 2,907.03.

Jumlah dagangan mingguan merosot kepada 7.133 bilion saham bernilai RM9.585 bilion daripada 12.254 bilion saham bernilai RM13.678 bilion minggu sebelumnya.

Jumlah dagangan di Pasaran Utama berkurangan kepada 6.195 bilion saham bernilai RM9.382 bilion daripada 10.492 bilion saham bernilai RM13.284 bilion sebelumnya.

Jumlah dagangan di Pasaran ACE melonjak kepada 1.028 bilion saham bernilai RM47.267 juta daripada 652.877 juta saham bernilai RM74.521 juta Jumaat sebelumnya.

Waran pula lebih rendah kepada 577.586 juta unit bernilai RM140.188 juta daripada 1.042 bilion unit bernilai RM266.373 juta sebelumnya. - BERNAMA