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Stocks on Bursa Malaysia snapped a three-day losing streak to end higher last Friday on bargain hunting in selected heavyweights, which saw late fund buying of Tanaga Nasional and Malayan Banking. Bargain hunting by institutional funds supported the local market but further gains were limited by fears of a...
Market review Last Friday, the MSCI Asia Pacific Index (MXAP) inched up 0.24-pt to 138.16 (wow -1.73%) after recorded a 5th straight decline following a higher-than-expected China CPI, signaled surprising economic strength in the world's second largest economy. However, sentiment remained cautious...
Stocks fell on Tuesday, with most investors sidelined amid lack of local leads and attention focused on the first direct US Presidential debate. The KLCI slipped 4.78 points to end at 1,664.72, after ranging between high of 1,666.69 and low of 1,661.58, as losers beat gainers 426 to 338 on slower turnover...
Bursa Malaysia shares managed to rebound from early decline in choppy trade Thursday, in line with most of the regional markets as weak trade data from Japan weighed on sentiment. The index inched up by 0.55 points to close at the day’s high of 1,694.87, off an early low of 1,690.44, as losers beat...
■ We are of the view global equity markets are not starting a major bear market phase. ■ US DJIA could be in a major sideways triangle consolidation phase. Long-term uptrend is still intact. ■ MSCI Asia ex-Japan has reached our target levels. Technical indicators show positive divergence...
The FBM KLCI might add a few points today following the rebound of global stocks overnight that clawed back some of the losses due to the Federal Reserve’s inaction last week. #160; The FBM KLCI might add a few points today following the rebound of global stocks overnight that clawed back some of...
NDF foretelling Ringgit respite? Equity market regains some upside KLCI: 1,603.36 points 2015 Year-end Target: 1,650 points …which spiked up to almost 1,000 pips near mid-August… Henceforth, the underlying pressure returned more strongly. In the ensuing months of June to August 2015, the spread of...
Blue chips on Bursa Malaysia slipped into profit-taking correction mode late last week, reversing earlier first-half window-dressing gains due to increased geopolitical concern over Iraq and downward revision to United States economic growth. Sentiment was adversely affected by comments from a US Federal...
#160; FBM KLCI Resistance at 1,840, Next at 1,860 BUY Axiata amp; Genting Bhd for Rebound #160; Blue chips on Bursa Malaysia rose on Monday, copying regional strength after a weak factory survey#160; in#160; China#160; fueled#160; speculation#160; the#160;...
FBM KLCI: 1,785.88#160;#160;#160; (2014 Year-end Target: 1,900 points) The world is transitioning to a more normal monetary as well as macro environment.The US Fed is slowly taking away#160; the#160; QE3#160; liquidity#160; punchbowl#160; with#160;...
After#160; a#160; brilliant#160; 2013,#160; the#160; FBM#160; KLCI#160; may#160; underperform#160; its#160; peers#160; in#160; 2014 Reversion#160; to#160; mean#160; valuation. In#160; our#160; Strategy#160;...
