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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.
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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.
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