Malaysia: Shares end higher

 Malaysia: Shares end higher

 MALAYSIAN shares ended higher on Monday with the Kuala Lumpur Composite Index adding 5.44 points to close at 1,697.93.

Some 2.44 billion lots, valued at RM2.45 billion were traded. Gainers numbered 317 while losers numbered 594.

UAE says oil price forcing producers to freeze output

 United Arab Emirates energy minister said on Monday that current oil prices will force many producers to freeze output and that a correction in prices would take time.

"I believe that the current oil prices are forcing everyone to freeze so I think it is happening as we speak. It doesn't make any sense for anyone to increase production at the current prices," Suhail bin Mohammed al-Mazrouei told reporters.

Todays signal for

Hang Seng Intraday: the upside prevails

Long positions above 19800 with targets @ 20500 & 20800 in extension.

Supports and resistances:
21000
20800
20500
20183 Last
19800
19400
19060  

Top Gainers

Stock Name	Open	Range	Last	Change	Volume
BAT	56.48	56.48 - 57.48	57	+0.54 (0.96%)	272600
PANAMY	26.76	26.76 - 26.84	26.78	+0.34 (1.29%)	56500
UTDPLT	25.6	25.60 - 26.34	26.3	+0.30 (1.15%)	3900
PETDAG	24.46	24.46 - 25.12	24.74	+0.30 (1.23%)	918400
KLK	24	23.98 - 24.36	24	+0.28 (1.18%)	1664800
GENTING	8.4	8.39 - 8.70	8.66	+0.28 (3.34%)	4994500
TIMECOM	7.2	7.19 - 7.40	7.4	+0.20 (2.78%)	266800
PETGAS	22.36	22.36 - 22.90	22.5	+0.18 (0.81%)	1192200
AHEALTH	3.9	3.70 - 3.90	3.9	+0.18 (4.84%)	49500
BKAWAN	17.84	17.84 - 17.96	17.84	+0.16 (0.90%)	20100
HLIND	6.09	6.09 - 6.26	6.26	+0.16 (2.62%)	65600
GAB	14.1	14.08 - 14.20	14.2	+0.14 (1.00%)	151900
SUBUR	1.75	1.75 - 1.80	1.8	+0.13 (7.78%)	400
CYPARK	1.77	1.77 - 1.88	1.88	+0.11 (6.21%)	1090800
HLFG	14.68	14.42 - 14.72	14.5	+0.10 (0.69%)	719600
AJI	9.4	9.36 - 9.60	9.46	+0.10 (1.07%)	36600
CMSB	4.78	4.76 - 4.89	4.88	+0.10 (2.09%)	1875400
PPB	16.42	16.42 - 16.68	16.5	+0.10 (0.61%)	921500
TASEK	15.1	15.10 - 15.28	15.2	+0.10 (0.66%)	4100
HSI-C23	1.24	1.24 - 1.24	1.24	+0.10 (8.77%)	60000
MAYBANK	8.84	8.74 - 8.94	8.83	+0.08 (0.91%)	15965600
EIG	0.9	0.90 - 0.90	0.9	+0.08 (9.76%)	1000

Shares hit 7-week high on worldwide, territory China market strength

                                           

Shares rise as miners gain on China stimulus

European shares rose on Wednesday as gains in mining stocks enabled stock markets to recover further from their sharp losses earlier in the year.

The pan-European FTSEuro first 300 index, which had risen in the last four sessions, advanced 0.7 per cent.

Shares hit 7-week high on worldwide, territory China market quality

Hong Kong stocks hopped more than 3 for each penny on Wednesday to their most elevated amount in seven weeks, with financial specialist supposition lifted by quality in worldwide markets and a more than 4 for every penny hop in terrain China offers.

The Hang Seng list rose 3.1 for every penny to 20,003.49 focuses, while the China Enterprises Index increased 3.8 for each penny to 8,374.09 focuses.

Todays Signal for

Hang Seng Intraday: the upside prevails

Long positions above 19400 with targets @ 20100 & 20300 in extension.

Below 19400 look for further downside with 19060 & 18860 as targets.

Supports and resistances:
20500
20300
20100
19980 Last
19400
19060
18860  

                                                   Top gainers of today

Stock Name	Open	Range	Last	Change	Volume
BAT	56.1	56.10 - 57.58	57.58	+0.74 (1.30%)	263700
TASEK	15.2	15.20 - 15.20	15.2	+0.34 (2.29%)	300
PETGAS	22.5	21.86 - 22.86	22.34	+0.32 (1.45%)	1190800
SCIENTX	10.8	10.80 - 11.06	11.06	+0.26 (2.41%)	456900
ALLIANZ	10.28	10.28 - 10.60	10.5	+0.24 (2.34%)	25600
MAXIS	6.27	6.22 - 6.49	6.42	+0.22 (3.55%)	4507500
HSI-C28	1.83	1.83 - 1.88	1.88	+0.22 (13.25%)	10000
SIME	7.79	7.65 - 7.90	7.9	+0.20 (2.60%)	6872800
AMWAY	9.38	9.38 - 9.38	9.38	+0.18 (1.96%)	800
GENTING	8.21	8.20 - 8.39	8.39	+0.17 (2.07%)	4485800
HSI-C26	1.29	1.29 - 1.33	1.32	+0.17 (14.78%)	11000
HSI-C23	1.13	1.13 - 1.20	1.19	+0.17 (16.67%)	1503300
MISC	8.84	8.80 - 8.95	8.9	+0.15 (1.71%)	6768800
DIGI	4.96	4.92 - 5.08	5.08	+0.15 (3.04%)	11998200
HSI-C24	0.83	0.83 - 0.86	0.86	+0.15 (21.13%)	15000
HSI-C22	0.72	0.72 - 0.77	0.77	+0.135 (21.26%)	486200
MAGNI	4.29	4.26 - 4.42	4.39	+0.13 (3.05%)	107500
PBBANK	18.64	18.50 - 18.66	18.64	+0.12 (0.65%)	8037700
CANONE	3.77	3.67 - 3.81	3.79	+0.12 (3.27%)	648300
PMETAL-WC	1.31	1.30 - 1.44	1.42	+0.12 (9.23%)	733200
MAYBANK	8.71	8.67 - 8.75	8.75	+0.11 (1.27%)	17456300
UMS	2.8	2.80 - 2.91	2.91	+0.11 (3.93%)	7500