Malaysia Jan swelling rate ascends to 3.5% year on year, somewhat beneath figure

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Malaysia Jan inflation rate ascends to 3.5% year on year, somewhat beneath figure

Malaysia's buyer cost record in January rose 3.5 for every penny from a year prior, the biggest yearly increment since March 2014.

Information from the Statistics Department on Wednesday ascribed the January ascend to higher costs for liquor and tobacco items and in addition shopper merchandise.

Shares open lower on Wednesday

MALAYSIA Share prices opened lower on Wednesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 2.87 focuses to 1676.43.

Volume was 41.9 million lots worth RM13.2 million.


Todays signal for
  
Lafarge Malayan Cement: rise towards 10.14 

The downside breakout of 8.67 would call for 8.24 and 7.98.

 Supports and resistances: 
10.68 **
10.41 *
10.14 **
9.88
9.2 last
8.83
8.67 **
8.24 *
7.98 **

                                                                          Top Gainers

Stock Name	Open	Range	Last	Change	Volume
DIN040000223	98.8	98.65 - 98.80	98.8	+1.00 (1.02%)	300
KLK	24.52	23.84 - 24.78	24.58	+0.38 (1.57%)	618500
UTDPLT	25.48	25.26 - 25.50	25.48	+0.22 (0.87%)	21500
TAHPS	6.6	6.60 - 6.60	6.6	+0.20 (3.13%)	2600
PANAMY	25.64	25.56 - 25.70	25.7	+0.20 (0.78%)	7000
HSI-HS	1.42	1.42 - 1.51	1.51	+0.14 (10.22%)	31300
NESTLE	74.88	74.70 - 74.88	74.7	+0.12 (0.16%)	700
AEONCR	11.36	11.36 - 11.46	11.46	+0.10 (0.88%)	5600
HSI-HR	0.78	0.775 - 0.84	0.84	+0.095 (12.75%)	304000
SCC	1.88	1.85 - 1.88	1.88	+0.08 (4.44%)	3000
HSI-HT	0.75	0.745 - 0.81	0.81	+0.075 (10.20%)	1960000
HLBANK	13.18	13.10 - 13.18	13.14	+0.06 (0.46%)	156900
SUCCESS	2.19	2.19 - 2.25	2.25	+0.06 (2.74%)	13000
HSI-HZ	0.75	0.75 - 0.795	0.795	+0.06 (8.16%)	392500
TUNEPRO	1.2	1.20 - 1.26	1.25	+0.06 (5.04%)	5518800
HSI-HW	1.2	1.20 - 1.23	1.23	+0.06 (5.13%)	203000
HSI-HQ	0.355	0.34 - 0.39	0.39	+0.055 (16.42%)	12886800
FARMBES	0.76	0.745 - 0.80	0.795	+0.05 (6.71%)	1580500
KAREX	3.95	3.95 - 4.02	4	+0.05 (1.27%)	240200
AFUJIYA	0.41	0.41 - 0.41	0.41	+0.035 (9.33%)	4100
MAGNA-WB	0.34	0.315 - 0.38	0.38	+0.035 (10.14%)	15600

 

Stocks close higher on powerless yen, oil bounce back

                                          Todays News

1. Tokyo stocks disregarded early misfortunes to close higher on Monday as a debilitating yen lifted exporters and conclusion got a support from a bounce back in oil costs. The benchmark Nikkei 225 list at the Tokyo Stock Exchange rose 0.90 for every penny, or 143.88 focuses, to complete at 16,111.05, while the more extensive Topix record of all first-area offers rose 0.63 for each penny, or 8.18 focuses, to 1,300.00


2.Oil costs bounce back in Asia, US rough back above US$30

Oil costs recouped in Asia on Monday after a precarious fall in the past session, with US unrefined back above US$30 a barrel as brokers reflected on the effect of a potential stop by key makers.
Oil spiked strongly a week ago after significant exporters held chats on a potential consent to diminish a worldwide supply overabundance that has dragged costs to their most minimal levels in almost 13 years this month.

3. China's yuan scarcely moved against the dollar on Monday as the national bank continued holding the line through an enduring midpoint settling. Merchants anticipate that the yuan's solidness will last at any rate until the end of the G20 meeting in Shanghai not long from now.

G20 fund priests and national bank governors are because of meet on Feb 26 and 27 to talk about issues including China's abundance limit, oil costs and worldwide development.

Todays Signal 

Hang Seng Intraday: limited upside.

Long positions above 19250 with targets @ 19750 and 19900 in augmentation.

 below 19250 look for further downside with 18900 & 18500 as targets.

Supports and resistances:
20000 
19900 
19750 
19480 Last
19250 
18900 
18500 

TOP GAINERS
Stock Name	Open	Range	Last	Change	Volume
DIN042300721	100	100.00 - 100.00	100	+0.80 (0.81%)	200
DIN045801028	100	99.90 - 100.00	100	+0.40 (0.40%)	1100
NESTLE	74.44	74.44 - 74.82	74.78	+0.34 (0.46%)	1800
PIE	10.28	10.28 - 10.60	10.6	+0.28 (2.71%)	58000
TOPGLOV	5.58	5.58 - 5.89	5.87	+0.28 (5.01%)	5402200
TIENWAH	2.81	2.81 - 3.01	3.01	+0.21 (7.50%)	161400
PPB	16.18	15.96 - 16.28	16.16	+0.20 (1.25%)	715100
INARI-WA	3.1	3.10 - 3.10	3.1	+0.19 (6.53%)	5200
MPI	7.8	7.80 - 8.01	8	+0.18 (2.30%)	240800
GESHEN	2.42	2.42 - 2.58	2.57	+0.18 (7.53%)	994000
AJI	9.25	9.15 - 9.36	9.27	+0.17 (1.87%)	158400
PETRONM	6.95	6.90 - 7.12	7.1	+0.17 (2.45%)	1113600
HLIND	5.9	5.90 - 5.96	5.96	+0.16 (2.76%)	100600
KLK	24.18	24.00 - 24.48	24.04	+0.14 (0.59%)	1027700
UMCCA	6.05	6.05 - 6.19	6.17	+0.14 (2.32%)	7000
SCABLE	1.57	1.56 - 1.68	1.68	+0.14 (9.09%)	3381900
MBMR	2.44	2.44 - 2.53	2.48	+0.14 (5.98%)	785700
CANONE	4.35	4.34 - 4.49	4.47	+0.13 (3.00%)	478000
MHB-CY	0.255	0.255 - 0.28	0.28	+0.13 (86.67%)	100000
UTDPLT	25.1	25.10 - 25.22	25.22	+0.12 (0.48%)	51300