MMFS: Your segmented signals investment advisory firm

Wednesday, 18 April 2018

Bursa Malaysia is expected to trend as trade worries dominated & pace of growth could slow amid encouraging corporate earnings releases.

Malaysia: Bursa Malaysia extended gains from yesterday to open higher this morning and in taking the lead from the bullish sessions on US, European stock markets, while outweighing lingering concerns over geopolitical and global trade tensions.
At 9.05 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) improved 3.07 points at 1,883.56 from Tuesday’s close of 1,880.49.
The index opened 3.5 points better at 1,883.99.
Public Investment Bank Bhd said Bursa Malaysia is expected to trend higher as hefty gains by the technology sector led Wall Street higher for a second consecutive day, amid encouraging corporate earnings releases.
“Meanwhile, Chinese stocks fell to a year-low as trade worries dominated. Official data showed Chinese economic growth holding steady in the first quarter, although many in the markets argued that the pace of growth could slow later this year,” it said in a note.
China’s gross domestic product grew 6.8 per cent in the first quarter over the same period last year, above the government’s 6.5 per cent expectation.
Market breadth was positive with 162 gainers as compared to 59 losers, while 137 counters were unchanged, 1,554 untraded and 26 others suspended.
Volume stood at 124.43 million units valued at RM43.63 million.
Among heavyweights, Maybank eased two sen to RM10.60, PBBank and IHH bagged two sen each to RM24.0 and RM6.11 respectively, while Tenaga and PChem both gained four sen each to RM15.98 and RM8.55.
Among the advancers, Nestle climbed RM1.80 to RM149.80, KLK increased 36 sen to RM25.90, PetronM improved 19 sen to RM8.69, HengYuan added 13 sen to RM8.87, while GTronic, Vitrox and GenP all improved eight sen each to RM4.41, RM5.52 and RM10.06.
For actives, Iris was one sen higher at 19 sen, PUC and SapNRG both inched up half-a-sen to 27.5 sen and 77.5 sen, while SKH and Vizione were both flat at nine sen and 14.5 sen.
The FBMT 100 Index added 23.36 points to 12,978.90, the FBM Emas Shariah Index gained 32.09 points to 13,392.04 and the FBM 70 rose 35.74 points to 15,729.13 and the FBM Ace rose 62.36 points to 5,597.05.
But the FBM Emas Index was 24.04 points lower at 13,181.80,
Sector-wise, the Finance Index increased 5.80 points for 18,355.04, the Industrial Index bagged 5.09 points to 3,246.02 and the Plantation Index added 7.62 points to 8,047.58.

3 days free trial  
For More Visit Us:
Tel- +65-3158-2180 Email-

No comments:

Post a Comment