Malaysia: Bursa Malaysia opened
easier today but recovered thereafter tracking the better Asian markets' performances which took the cue from the stronger overnight Wall Street close,
dealers said.
Wall Street pushed US indices to
intra-day peaks overnight with Dow Jones closing at a record, indicating
confidence in the US economy ahead the Federal Reserve minutes to be published
later today.
At 9.05 am, the benchmark FTSE Bursa
Malaysia KLCI (FBM KLCI) edged up 0.15 of a point to 1,761.28 from Tuesday's
close of 1,761.13.
The index opened 0.01 of a point
easier at 1,761.12.
On the broader market, gainers led
losers by 148 to 75, with 206 counters unchanged, 1,422 untraded and 19 others
were suspended.
Turnover stood at 166.78 million
shares worth RM57.51 million.
In a note today, Alliance DBS
Research said, the market saw selling activities yesterday as investors decided
to take profit.
Yesterday's lower low was not
something unusual because market had a tendency to fall following a rise in the
absence of positive news, it said.
"Following the lower close, we
should see selling attempt again with immediate support pegged at 1,758.
"However, the analysis of
overall market action on Tuesday revealed that buying power was stronger than
selling pressure. As such, FBMKLCI would likely trade above the 1,762.64 level
today," it said.
The three major Wall Street indexes
scaled record highs, helped by gains in energy stocks and a 4.5 per cent rise
in shares of Wal-Mart on the back of the company's US$20 billion share buy-back
plan.
The Dow Jones Industrial Average rose
69.61 points to close at 22,830.68, S&P 500 gained 5.91 points to 2,550.64
and the Nasdaq Composite added 7.52 points to 6,587.25.
Of the heavyweights, TNB rose four
sen to RM14.28, Maybank eased two sen to RM9.52, Sime Darby shed four sen to
RM9.10, while Public Bank and Petronas Chemicals were flat at RM20.56 and
RM7.34 respectively.
Among active counters, Hibiscus
Petroleum added one sen at 72.5 sen, Cuscapi improved half-a-sen to 34 sen,
Trive Property gained 1.5 sen to 17.5 sen while Hubline and Trive Property
warrant were flat at 14 sen and four sen respectively.
The FBM Emas Index added 9.92 points
to 12,596.83, FBMT 100 Index gained 6.69 points to 12,242.46, FBM Emas Shariah
Index increased 8.71 points to 12,886.58, the FBM Ace bagged 6.84 points to
6,804.31 and FBM 70 rose 29.43 points to 15,173.91.
Sector-wise, the Plantation Index
expanded 20.04 points to 7,958.35 and the Industrial Index inched up 6.50
points to 3,234.51 as the Finance Index increased 11.12 points to 16,512.01.
LIVE Stock Trading folio : HIBISCS; PALETTE; CUSCAPI; MTOUCHE; PWORTH.
LIVE Stock Trading SIGNALS With : www.mmfsolutions.sg/
To get More Updates:
Stock signals, Stock tips, stock Picks, Stocktips Malaysia, bursa malaysia stock signals, klse daily stock signals, KLSE stock picks, KLSE Stock Recommendations, KLSE stock signals, stock market news, stock market update, Stock Picks Malaysia, Stock trading picks,& Stock trading strategy
For More Visit Us: www.mmfsolutions.sg
Tel- +65-3158-2180 Email- info@mmfsolutions.sg
No comments:
Post a Comment