Malaysia: Investors can embrace for a
significant increase in trading activities on Bursa Malaysia on Thursday.
MIDF Research said there are two key
events that will have a significant impact to the trading behaviour of
investors that day.
They are the MSCI Equity Indexes
November 2017 review (or rebalancing exercise) and the demerged Sime Darby Bhd
will resume trading.
MIDF Research said MSCI Inc is set to
release the outcome of semi-annual index review for all the MSCI Equity
Indexes.
The relevant changes to the
constituents in MSCI Global Standard Index and MSCI Global Small Cap Index will
be effective as of the close of November 30.
A total of 14 stocks across the two
indexes are involved in the rebalancing exercise.
The affected stocks that will be
either added or removed include Nestle (M) Bhd, Press Metal Bhd, SP Setia Bhd,
Eco World International Bhd, George Kent (M) Bhd, Petron Malaysia Bhd and Media
Prima Bhd.
The firm said the MSCI rebalancing
exercises had in the past resulted in significant higher trading activities,
both in volume and value.
"The need for fund managers,
especially the ETFs (exchange-traded funds) which benchmarked MSCI indices, to
replicate the index constituents while minimising the tracking errors, would
result in significant trading activities on the rebalancing day.
"We expect volume and value traded to
be higher this week as evidenced by the previous rebalancing exercises in May
2016, November 2016 and May2017," it explained.
MIDF Research said trading of Sime
Darby shares was suspended from Nov 27 to 29 in view of its split off from Sime
Darby Plantation Bhd and Sime Darby Property Bhd.
The reference price for Sime Darby
Plantation is RM5.59. This is followed by Sime Darby Property at RM1.50 and
lastly, Sime Darby at RM1.85.
"On November 30, Sime Darby pure play
strategy will complete with all three companies to be traded on Bursa," the
firm said.
MIDF Research said Bursa's key
FBMKLCI will have 32 members at the start of trading on Thursday, before the
two lowest-ranked companies by market capitalisationbeing removed from the
index at the close of trading day.
The two companies will be demoted to
the FTSE Bursa Malaysia Mid 70 Index.
LIVE Stock Trading folio : REV; THHEAVY; AHB; BARAKAH; ORION-WA.
LIVE Stock Trading SIGNALS With : http://www.mmfsolutions.sg/
LIVE Stock Trading SIGNALS With : http://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