Bursa Malaysia Stock News and Stock signals

Todays Stock News

1.MALAYSIA share prices opened lower on Wednesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 6.24 points to 1658.75.

           Volume was 35.2 million lots worth RM14.3 million.

2.Strains are presently higher in the South China Sea and all gatherings ought to chip away at quiet arrangements, said Tsai Ing-wen, president-choose of Taiwan, which is a petitioner in the debated sea region.

Ms Tsai said gatherings ought to additionally take a shot at "discretion standards" to discover arrangements, when gotten some information about the issue by journalists on Wednesday.

3.Hong Kong stocks edged up in ahead of schedule exchange Wednesday, developing the current week's rally after a positive lead from Wall Street, while Shanghai was insignificantly higher after a more than three for every penny pick up the day preceding.
                                                                The Hang Seng Index rose 0.40 for each penny, or 76.10 focuses, to 19,198.18 not long after the open.

Todays signals for

Tune Ins Holdings: short term rebound

 The downside breakout of 1.1 would call for 1.03 and 0.99.

 The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the share stands below its 20 and 50 day MA (respectively at 1.17 and 1.26).  

Supports and resistances:

1.4 **
1.36 *
1.31 **
1.27
1.17 last
1.13
1.1 **
1.03 *
0.99 **

Bursa Malaysia Stock Market News

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Malaysian palm oil fates fell almost 2 percent on Monday after prior hitting their most abnormal amount in about two years, weighed around weaker-than-anticipated fare information.

The palm oil contract for April conveyance on the Bursa Malaysia Derivatives Exchange lost 1.8 percent to achieve 2,592 ringgit ($628.36) per ton at the end of exchange. The agreement prior hit a high of 2,648 ringgit, its most elevated since April 29, 2014.                                      

Exchanged volume remained at 40,771 heaps of 25 tons each.


Todays Signals

Hang Seng Intraday: limited upside.

Long positions above 18900 with targets @ 19300 & 19600 in extension.

Supports and resistances:
19900
19600
19300
18901 Last
18900
18500
18300  

     KlSE Top Gainer                                           

Stock Last Change GENTING 8.020 +0.320 UMW 6.930 +0.300 LATITUD 6.870 +0.270 MSM 4.900 +0.250 PCHEM 7.180 +0.220 MPI 7.870 +0.200 GESHEN 2.340 +0.190 KLK 23.580 +0.180
KLSE Top Lossers Stock Last Change BAT 55.900 -0.500 TIMECOM 7.170 -0.260 PETGAS 22.440 -0.200 HUATLAI 4.780 -0.200 UMS 2.800 -0.150 PETRONM 6.680 -0.140 GTRONIC 5.220 -0.130 SCIENTX 10.820 -0.120 NSOP 4.200 -0.100

 

Bursa Malaysia stock news

     STOCK NEWS

1. Thailand's economy developed more than authorities assessed in the last quarter as the military government's game-plan of offer measures some assistance with starting to hold up under normal thing. 

GDP extended 2.8 for every penny in the three months through December from a year prior, the National Economic and Social Development Board said in Bangkok on Monday. 

2.Taiwan stocks slipped on Monday in their first exchanging session after the long Lunar New Year occasions, taking after expansions in some provincial bourses, with TSMC driving heavyweights higher. 

Starting 0214 GMT, the essential TAIEX record was down 0.1 for every penny at 8,047.97 focuses, murdering a 1.1 for every penny slide at the opening.


Todays signal for TSH resources

Our preference --The downside prevails as long as 2.03 is resistance.

 Alternative scenario: the upside breakout of 2.03 would call for 2.12 and 2.17.

 the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day MA (respectively at 1.99 and 1.98).


Supports and resistances: 
2.17 **
2.12 *
2.03 **
2
1.96 last
1.84
1.79 **
1.74 *
1.69 **

The Malaysia External Trade Development Corporation aims to expand Malaysian products in West Africa

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MATRADE plans to utilize Nigeria and Ghana as a stage to advance Malaysian items in the West African district. 

MATRADE Trade Commissioner to West Africa Saifuddin Khalid said the West African locale had begun opening up their economies, bringing about expanding interest for outside items. 

"We will mount a few projects in Nigeria and Ghana and utilize these two nations to investigate the Economic Community of West African States (ECOWAS) locale," he included. 

ECOWAS is a 15-part territorial gathering with an order to advance monetary joining in all fields of movement of the constituting nations. 

Part nations making up ECOWAS are Benin, Burkina Faso, Cape Verde, Cote d'Ivoire, The Gambia, Ghana, Guinea, Guinea Bissau, Liberia, Mali, Niger, Nigeria, Sierra Leone, Senegal and Togo.

Stock Name	Open	Range	Last	Change	Volume
DLADY	48.90	48.88 - 49.80	49.80	+0.92 (1.88%)	2,800
AJI	8.20	8.20 - 8.85	8.85	+0.51 (6.12%)	85,000
NESTLE	74.80	74.80 - 75.00	75.00	+0.50 (0.67%)	1,400
F&N	18.70	18.70 - 19.20	18.90	+0.30 (1.61%)	162,100
BIPORT	7.10	6.95 - 7.10	7.10	+0.30 (4.41%)	25,600
TAANN	5.32	5.32 - 5.75	5.61	+0.26 (4.86%)	997,300
KOSSAN	6.50	6.47 - 6.73	6.70	+0.21 (3.24%)	3,866,900
MISC	8.69	8.46 - 8.69	8.63	+0.15 (1.77%)	3,539,700
TIMECOM	7.60	7.40 - 7.60	7.56	+0.15 (2.02%)	40,300
TOPGLOV	5.53	5.45 - 5.65	5.62	+0.15 (2.74%)	3,778,400
APOLLO	5.96	5.96 - 6.11	6.10	+0.14 (2.35%)	90,000
MBMR	2.20	2.20 - 2.32	2.32	+0.12 (5.45%)	8,500
MAXIS	6.15	6.07 - 6.24	6.21	+0.12 (1.97%)	5,483,200
BKAWAN	17.66	17.66 - 17.70	17.70	+0.10 (0.57%)	44,000
PETRONM	6.65	6.55 - 6.75	6.75	+0.10 (1.50%)	391,100

Crude oil prices jumped 2 percent on Tuesday Asian market trade

Unrefined petroleum costs bounced as much as 2 percent in ahead of schedule Asian exchange on Tuesday, disregarding huge drops in Japan's securities exchange and dissolving a portion of the past session's misfortunes that were driven by putrefying worries about worldwide oversupply.

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U.S. unrefined was up 44 pennies at $30.13 a barrel at 0103 GMT, in the wake of ascending similarly as $30.30. The agreement fell almost 4 percent on Monday, completing at $29.69.

Worldwide unrefined benchmark Brent was up 17 pennies at $33.05 a barrel. It settled the past session down $1.18 at $33.88.

Todays Market update

                                                                Top Gainers

     Stock Name                       Open             Range                 Close                   Change                               Volume

DLADY	48.14	48.14 - 48.90	48.88	+0.88 (1.83%)	8,900
PANAMY	24.78	24.76 - 25.40	25.36	+0.58 (2.34%)	25,700
UTDPLT	24.78	24.70 - 25.26	25.20	+0.38 (1.53%)	53,300
KLK	23.34	23.34 - 23.86	23.82	+0.34 (1.45%)	1,466,500
BAT	57.00	56.16 - 57.00	56.50	+0.30 (0.53%)	204,000
AJI	8.30	8.26 - 8.34	8.34	+0.26 (3.22%)	18,600
AEONCR	11.04	11.00 - 11.18	11.12	+0.20 (1.83%)	20,400

   

Bursa Malaysia to slant higher towards 1,700 focuses level

Bursa Malaysia is relied upon to stay bullish with the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) file inclining towards the 1,700 focuses level, an expert said.

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Affin Hwang Investment Bank VP and Retail Research head Datuk Dr Nazri Khan Adam Khan said the enhancing ringgit, rising oil costs and developing conviction that the US Federal Reserve would not bring financing cost up in the close term look good for the value market.

"Given the positive impetus and in addition enhanced speculator assessment, quick backing and resistance level is set at 1,650 and 1,680 focuses, separately," he told Bernama.

Nazri said raw petroleum picked up a major support with Brent, the worldwide unrefined petroleum benchmark, rising 2.3 for every penny, week-on-week, as the dollar slipped in light of frustrating information on the US administrations division, which fuelled stresses that the nation's assembling troubles were spreading.

"The falling dollar gave short covering firecrackers that push item costs higher," he said.

The business sector will be shut on Monday and Tuesday for Chinese New Year Celebration.

On a week after week premise, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) completed 5.34 focuses lower at 1,662.46 this occasion abbreviated week.

Be that as it may, prior in the week, a weaker US dollar and more grounded oil costs offered the nearby securities exchange some assistance with recouping misfortunes because of an overbought amendment.

The FBM Emas Index facilitated 41.09 focuses to 11,526.56, the FBMT100 Index declined 46.06 focuses to 11,233.8 and the FBM Emas Shariah Index diminished 78 focuses to 12,342.82.

On a sectoral premise, the Plantation Index shed 96.31 focuses to 7,819.89, the Industrial Index deleted 67.02 focuses to 3,253.59 while the Finance Index progressed 15.27 focuses to 13,897.68.

Week after week turnover shrank to 6.64 billion units, worth RM8.11 billion, from 7.51 billion units, worth RM9.85 billion, recorded a week ago.

Fundamental business sector volume tumbled to 4.66 billion shares, esteemed at RM7.71 billion, from 5 billion shares, worth RM9.36 billion, enrolled beforehand.

Warrant turnover diminished to 978.86 million units, worth RM171.3 million, from 1.10 billion units, worth RM203.07 million, exchanged a week ago. — Bernama

NYMEX rough up somewhat in Asia in front of Chinese New Year occasions

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Crude oil costs were up somewhat in Asia on Friday as speculators anticipated more clarity of the likelihood of talks among significant makers to cut yield.

Likewise ahead in the U.S. is apparatus number information from Baker Hughes.

On the New York Mercantile Exchange, WTI rough for March conveyance rose 0.05% to $31.73 a barrel. Brent fell 0.35% to $34.34 a barrel. Markets in Asia will be thin one week from now as Chine heads out for a week-long Lunar New Year occasion.

Overnight, rough fates saw an uneven day of exchanging, as speculators kept on gaging the probability of a potential exceptional OPEC meeting in the not so distant future went for controling an excess of oversupply on vitality markets all through the world.

Instability stayed high, as U.S. unrefined prospects shut by more than 1% in a positive or negative bearing for the thirteenth back to back session. In 2016, there have just been five sessions where WTI unrefined has shut beneath 1% from its earlier day's settlement level.

On the Intercontinental Exchange (ICE), Brent unrefined for April conveyance faltered in the middle of $34.16 and $35.79 a barrel, before shutting at $34.35, down 0.68 or 1.95% on the session. North Sea brent prospects have shut lower in three of its last four sessions, taking after a five-day winning streak that was stopped on Monday.

Both the universal and U.S. household benchmarks of rough surged more than 8% on Wednesday, making the most of their most grounded one-day move in about two weeks. Still, WTI and brent fates stay close to 12-year lows hit prior a month ago after an extensive variety of monetary authorizations were dropped against Iran, making ready for the Gulf country to increase it sends out in the coming months.

Gold stays almost 3-month high in the midst of postponed Fed rate climb trusts

Gold fates stayed close to a three-month high in Europe exchange on Thursday, in the midst of developing doubt over the Federal Reserve's capacity to raise loan fees as much as it might want this year.

Gold for April conveyance on the Comex division of the New York Mercantile Exchange ticked up $1.20, or 0.11%, to exchange at $1,142.50 a troy ounce by 08:00GMT, or 3:00AM ET.

A day prior, gold aroused to $1,146.20, the most since October 30, preceding consummation at $1,141.30, up $14.10, or 1.25%, denoting its greatest day in two weeks.

Wednesday's increases came as the U.S. dollar tumbled to a three-month low after New York Fed President William Dudley said monetary conditions have fixed impressively and the debilitating worldwide standpoint could have "noteworthy results" to the U.S. economy.

The dovish remarks tempered desires on the timing of future U.S. loan cost increments.

Information demonstrating that administration area movement in the U.S. developed at the slowest pace in just about two years in January further cooled desires for a March rate climb.

Market members are envisioning only one more rate trek this year, contrasted with four concurring with Fed policymakers' direction. A continuous way to higher rates is seen as to a lesser degree a danger to gold costs than a quick arrangement of expansions.

Costs of the valuable metal are up right around 8% so far this year as withdrawing oil costs and misfortunes in worldwide value markets supported interest for resources saw as more secure. Gold is frequently seen as an option money in times of worldwide monetary instability and a shelter from budgetary danger.

Financial specialists looked ahead to key U.S. information later in the day to gage the quality of the world's biggest economy.

The U.S. is to discharge the week by week report on introductory jobless cases at 8:30AM ET, and additionally information on nonfarm efficiency took after by industrial facility orders information at 15:00GMT, or 10:00AM ET.

Market players are additionally concentrating on Friday's U.S. nonfarm payrolls report. The accord estimate is that the information will indicate employments development of 190,000 a month ago, after an expansion of 292,000 in December, while the unemployment rate is figure to hold unfaltering at 5.0%.