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Friday 29 December 2017

#Ringgit is trading higher against higher global oil prices and the US dollar’s gloomy outlook.


Malaysia: The ringgit is higher against the greenback this morning as news of higher global oil prices and the US dollar’s gloomy outlook helps lift sentiment towards the local note.
At 9.09am, the local unit stood at 4.0575/0605 against the greenback, from 4.0650/0680 at the close yesterday.
Meanwhile, the ringgit is trading higher against a basket of other major currencies.
It appreciated against the Singapore dollar to 3.0341/0370 from 3.0372/0401 yesterday, and rose against the yen to 3.5955/5988 from 3.6002/0041 on Thursday.
The ringgit advanced against the euro to 4.8463/8503 from 4.8495/5543 yesterday, and was higher against the British pound at 5.4565/4618 from 5.4654/4711 on Thursday.

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Wednesday 27 December 2017

RM opens at 4.08; Investors decided to accumulate the US dollar amid a weaker against a basket of major currencies.


Malaysia: The ringgit was slightly lower against the US dollar in the early session today, on weaker demand for the local note.
As at 9.15 am, the local unit stood at 4.0840/0890 against the greenback from 4.0830/0860 at the close yesterday.
A dealer said some investors decided to accumulate the US dollar amid a weaker greenback on gloomy growth prospects.
Meanwhile, the ringgit was traded lower against a basket of major currencies.
It depreciated against the Singapore dollar to 3.0412/0456 from 3.0366/0402 yesterday and fell against the yen to 3.6046/6100 from 3.6031/6067.
The ringgit declined against the euro to 4.8440/8512 from 4.8420/8472 and was lower against the British pound to 5.4611/4690 from 5.4561/4605.

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Tuesday 26 December 2017

Early 2018 BNM will increase the overnight policy rate; depreciated against the Singapore dollar; weakened against the euro; ringgit rose against the yen; improved against the British pound


Malaysia: The ringgit opened marginally higher against the greenback today, on market expectation that Bank Negara Malaysia will increase the overnight policy rate in early 2018.
As at 9.04am, the local unit stood at 4.0750/0800 against the US dollar, from 4.0770/0800 at the close last Friday.
The ringgit was traded mixed against a basket of other major currencies.
It depreciated against the Singapore dollar to 3.0324/0366 from 3.0317/0346 last Friday, and weakened against the euro to 4.8346/8421 from 4.8304/8344.
The ringgit rose against the yen to 3.5947/6001 from 3.5965/5998, and improved against the British pound to 5.4487/4570 from 5.4587/4639 last week.

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Monday 25 December 2017

Early 2018. #Ringgit is expected to strengthen further 4.0400; #Medium-term technical target at 4.00-level


Malaysia: The ringgit is expected to strengthen further next week amid the likelihood of interest rate hike in early 2018, said dealers.
Maybank Investment Bank Bhd Chartist Nik Ihsan Raja Abdullah said the ringgit would strengthen against the greenback in the near term, possibly revisiting its recent level at 4.0400 in the next few weeks, driven by expectations of interest rate hike by Bank Negara Malaysia early next year.
Higher interest rates increase the value of a currency and attract foreign investment.
“Medium-term technical target can be peg at 4.00-level (against the US dollar),” Nik Ihsan told Bernama.
The ringgit spend most of the week within tight range ahead of the extended weekend and holiday season.
Upper resistance remained strong in line with overall weakening US dollar despite staging a mild recovery this week of 0.1 per cent.
On a Friday-to-Friday basis, the ringgit was higher against the greenback at 4.0770/0800 versus 4.0780/0810 in the previous week.
The local note was traded mixed against a basket of currencies.
It traded higher against the yen at 3.5965/5998 against 3.6359/6389 and appreciated against the pound at 5.4587/5639 from 5.4763/4816 previously.
The ringgit declined against the Singapore dollar to 3.0317/0346 from 3.0286/0313 and depreciated against the euro to 4.8304/8344 from 4.8100/8152.

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Friday 22 December 2017

Bursa Malaysia heavyweights; #Maybank was flat #Tenaga rose #Public Bank fell #Petronas Chemicals improved


Malaysia: Bursa Malaysia continued its rally to open marginally higher today on buying interests following gains on overnight global markets coupled with higher oil prices, dealers said.

At 9.07 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,751.31, up 0.10 of-a-point, from Thursday's close of 1,751.21.


The key index opened 1.64 points higher at 1,752.85.


The market breadth was positive with 124 gainers against 62 losers, 170 counters were unchanged, 1,511 untraded and 33 others suspended.


Turnover stood at 126.25 million shares worth RM28.69 million.


A dealer said the local bourse was expected to be on uptrend today amid the year-end window-dressing.


Among heavyweights, Maybank was flat at RM9.48, Tenaga rose four sen to RM15.00, Public Bank fell two sen to RM20.66 while Petronas Chemicals improved five sen to RM7.65.


Of the actives, PA Resources lost half-a-sen at five sen, DGB added half-a-sen at 17.5 sen while Diversified Gateway Solutions was flat at 11.5 sen.


On the scoreboard, the FBM Emas Index increased 6.95 points to 12,608.09, FBMT 100 Index rose 5.14 points to 12,276.97 and the FBM Ace gained 13.48 points to 6,466.97.


The FBM Emas Shariah Index up 28.69 points to 12,960.08 and the FBM 70 perked 21.48 points to 15,595.58.


Sector-wise, the Finance Index down 13.52 points to 16,554.62, the Industrial Index added 1.53 points to 3,174.36 and the Plantation Index rose 7.31 points to 7,841.13.

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Thursday 21 December 2017

KL BURSA Market breadth was positive; Turnover stood at 152.57 million shares worth RM58.58 million.


Malaysia: Bursa Malaysia opened higher today on buying interests despite softer overnight close of global stock markets, dealers said.
At 9.08 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,751.06, up 4.43 points, from Wednesday's close of 1,746.63.
The key index opened 3.96 points higher at 1,750.59.
Market breadth was positive with 159 gainers against 83 losers, 183 counters were unchanged, 1,441 untraded and 33 others suspended.
Turnover stood at 152.57 million shares worth RM58.58 million.
A dealer said the traders would likely continue their window-dressing activities as year-end approaches.
Among heavyweights, Maybank and Petronas Chemicals were flat at RM9.50 and RM7.48, respectively, Tenaga rose six sen to RM14.92, and Public Bank added two sen to RM20.74.
Of the actives, Diversified Gateway Solutions was flat at 12.5 sen, Perdana Petrolelum eased six sen to 30 sen while PUC and SMTrack each improved one sen to 33 sen and 23 sen, respectively.
On the scoreboard, the FBM Emas Index increased 26.08 points to 12,611.67, FBMT 100 Index rose 25.36 points to 12,281.91 and the FBM Ace increased 17.34 points to 6,486.48.
The FBM Emas Shariah Index went up 26.97 points to 12,936.31 and the FBM 70 improved 13.05 points to 15,624.28.
Sector-wise, the Finance Index gained 40.48 points to 16,649.82, Industrial Index added 9.75 points to 3,152.30 and the Plantation Index rose 27.70 points to 7,817.12.
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Wednesday 20 December 2017

Tokyo stocks opened flat; After all the major US indices eased on profit taking. #Investors expecting


TOKYO: Tokyo stocks opened flat on Wednesday, with investors staying on the sidelines after retreats on Wall Street and before the Bank of Japan's policy meeting.
The benchmark Nikkei 225 index slipped 0.13 percent, or 30.35 points, to 22,837.65 in early trade while the broader Topix index was up 0.04 percent or 0.78 points, at 1,815.96.
The market opening was dominated by selling "after all the major US indices eased on profit taking," Okasan Online Securities said.
"After the initial selling runs its course, a wait-and-see mood will likely to grow ahead of the outcome of the (BoJ) policy meeting tomorrow," it said in a note.
Bank of Japan policymakers are to begin a two-day meeting Wednesday, with investors expecting them to stay pat.
BoJ Governor Haruhiko Kuroda is to speak to reporters Thursday afternoon after the meeting.Wall Street stocks retreated from records Tuesday, pausing from the euphoria over a tax cut bill.
The most comprehensive revamp of the US tax code in three decades is heading to the Senate for a decisive vote expected to take place later Wednesday.Subaru fell 4.46 percent to 3,575 yen after public broadcaster NHK reported the automaker, already hit by an inspection scandal, may also have cheated on fuel efficiency data.
The chief executive of Subaru said Tuesday he and all other executives would return part of their pay until next March after admitting the group had allowed uncertified staff to conduct inspections of some vehicles.Banks were higher with Mitsubishi UFJ up 1.99 percent at 834 yen and Sumitomo Mutsui up 2.21 percent at 4,983 yen.
The dollar was trading at 112.96 yen on Wednesday against 112.86 yen in New York Tuesday afternoon.

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Tuesday 19 December 2017

3.2 percent real wage growth in 2018; #financial-services, #construction, #property-development and #management-industries.


Malaysia: Malaysia will see a 3.2 per cent real wage growth in 2018, an increase from the 1.3 per cent average salary increase recorded in 2017, a forecast issued by the Hay Group division of Korn Ferry revealed.
In a statement today, the organisational advisory firm said financial services, construction and property development and management industries are expected to record the highest salary increases, while real wages for the health and life sciences, oil and gas and industrial products sectors are expected to register the least growth.
Average bonus levels are also expected to decrease slightly in 2018 to 2.5 months from 2.6 months recorded in 2017, it said.
Adjusted for inflation, employees around the world are expected to see real wage increases of only an average of 1.5 per cent, down from 2017's prediction of 2.3 per cent and 2016's prediction of 2.5 per cent.
In Asia however, it said salaries are forecast to increase by 5.4 per cent – down from 6.1 per cent last year.
Inflation-adjusted real wage increases are expected to be 2.8 per cent – the highest globally, but down from 4.3 per cent last year.
China remained consistent with real wage increases predicted at 4.2 per cent for 2018, compared to four per cent last year.
Most countries in this region saw a drop in year-over-year real wage prediction increases – including Vietnam's forecast of 4.6 per cent, down from 7.2 per cent, Singapore at 2.3 per cent, down from 4.7 per cent, and Japan at 1.6 per cent, down from 2.1 per cent.
"With inflation rising in most parts of the world, we're seeing a cut in real wage increases across the globe," said Korn Ferry Global Head of Rewards and Benefits Solutions Bob Wesselkamper.
"The percentage of salary increase or decrease will vary by role, industry, country and region, but one thing is clear, on average, employees are not seeing the same real pay growth they did even one year ago," he said.
The data was drawn from Korn Ferry's pay database which contains data for more than 20 million job holders in 25,000 organizations across more than 110 countries.
It shows predicted salary increases, as forecasted by global HR departments, for 2018 and compares them to predictions made at this time last year regarding 2017.
It also compares them to 2018 inflation data from the Economist Intelligence Unit.

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Monday 18 December 2017

#KL BURSA Sector-wise; the #Industrial-Index fell #Finance-Index dipped #Plantation-Index points higher.


Malaysia: Bursa Malaysia opened marginally higher today, supported by mild buying interests in small-capitalised stocks and lower-liners, dealers said.
At 9.13 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,755.00, up 1.93 points, from Friday's close of 1,753.07.
The key index opened 0.98 of-a-point higher at 1,754.05.
Hong Leong Investment Bank said Bursa Malaysia was expected to be within the uptrend channel but after the steep rally last week, stocks on the local front might take a breather this week.
"Any pullback on the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) will be deemed as healthy for short-term accumulation decision.
"Stocks on the local front may take a breather over the near term as the FBM KLCI is slightly overbought," it said in a note.
On the broader market, gainers outpaced losers by 186 to 91 with 196 counters unchanged, 1,385 counters untraded and 27 others suspended.
Turnover stood at 174.76 million shares worth RM80.62 million.
Among heavyweights, Maybank eased six sen to RM9.48, Tenaga rose eight sen to RM15.52, Public Bank eased two sen to RM20.74 and Petronas Chemicals increased two sen to RM7.47.
Among actively-traded stocks were PUC, which added one sen to 29.5 sen, Dialog Group fell one sen to RM2.46 and CNI added half-a-sen to 14 sen.
On the scoreboard, the FBM Emas Index rose 3.40 points to 12,592.24, FBMT100 Index gained 3.95 points to 12,260.80 and the FBM Emas Shariah Index improved 29.21 points to 12,919.94.
The FBM 70 was 30.06 points better at 15,490.77. The FBM Ace was up 18.62 points to 6,447.04.
On a sectoral basis, the Industrial Index fell 6.11 points to 3,174.05, Finance Index dipped 59.68 points to 16,526.83 and the Plantation Index was 5.21 points higher to 7,815.32.

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