Saham mewah naik Bursa meningkat

KUALA LUMPUR 29 Julai - Harga-harga saham di Bursa Malaysia ditutup tinggi hari ini, dirangsang oleh belian berterusan ke atas saham-saham mewah terpilih dan saham berharga murah, kata para peniaga. Sehingga jam 5 petang, FBM KLCI mengukuh 3.22 mata atau 0.24 peratus untuk ditutup pada 1,358.41,  sekali gus kekal tinggi untuk hari kelima berturut-turut. Ia dibuka pada 1,355.78, naik 0.59 mata pada sesi  pagi dan diniagakan antara paras tinggi seharian 1,359.27 dan serendah 1,353.16 pada sesi berkenaan. Pada penutup, Indeks Kewangan lega 6.64 mata kepada 12,334.58, Indeks Perladangan merosot 6.30 mata kepada 6,410.64 dan Indeks Perusahaan lebih rendah 23.35 mata kepada 2,649.83. Indeks FBM Emas menambah 23.28 mata kepada 9,201.65, Indeks FBM70 menokok 28.64 mata kepada 9,202.98 dan Indeks FBM Ace naik 4.55 mata kepada 3,803.73. Saham-saham untung mengatasi saham rugi dengan 386 berbalas 345 sementara 279 kaunter tidak berubah, 358 tidak diniagakan dan 27 yang digantung urus niaga. Jumlah dagangan mengukuh kepada 999.630 juta saham bernilai RM1.481 bilion daripada 847.160 juta saham bernilai RM1.251 bilion semalam. Saham-saham untung pula, Measat Global mengukuh 27 sen kepada RM4.07, Petronas Dagangan menambah 23 sen kepada RM10.20 dan DiGi.Com lebih tinggi 22 sen kepada RM24.68. Untuk saham berwajaran tinggi, Maybank kekal pada RM7.70 sementara CIMB Group lebih rendah empat sen kepada RM7.45. Sime Darby kerugian tujuh sen kepada RM7.69 dan Maxis turun satu sen kepada RM5.31. Jumlah dagangan di pasaran utama menambah kepada 904.895 juta saham bernilai  RM1.461 bilion daripada 759.561 juta saham bernilai RM1.234 bilion semalam. Jumlah dagangan waran pula naik kepada 50.583 juta saham bernilai RM7.924 juta berbanding 29.511 juta unit bernilai RM4.103 juta sebelumnya. Jumlah dagangan di Pasaran ACE, merosot kepada 33.708 juta saham bernilai RM5.529 juta daripada 52.326 juta saham bernilai RM9.379 juta sebelumnya. Produk pengguna menguasai 91.676 juta saham yang diniagakan di Pasaran Utama, produk perusahaan 154.943 juta, pembinaan 68.782 juta, urus niaga dan perkhidmatan 268.680 juta, teknologi 45.917 juta, infrastruktur 47.994 juta, kewangan 70.277 juta, perhotelan 6.254 juta, hartanah 120.960 juta, perladangan 15.579 juta, perlombongan 87,000, REIT 13.665 juta dan dana tertutup 82,700. - Bernama

Market Review

Consolidation mode. The FBM KLCI closed 2.96 points higher at 1,355.19, underpinned by financials, which benefited from positive news flow of a thinned down implementation of Basel 3. Today’s corporate news include Measat announcing that it has received a privatisation offer from its major shareholder for RM4.20 cash per  share, WCT has proposed an issuance of RM600m serial fixed rate bonds, PLUS to dispose of the entire equity in PT Cimanggis tollway for RM20.2m, MRCB will consider injecting some of its assets into a real estate investment trust and PepsiCo has renewed CI Holdings’ bottoling rights for Pepsi beverages. Finally the US market closed 39.8 points lower on concerns of a slowing economic recovery as unemployment remains high.  We expect our market to consolidate in a tight trading range given its strong recent uptrend.

Bursa kukuh di akhir dagangan

KUALA LUMPUR 28 Julai - Harga saham di Bursa Malaysia ditutup lebih tinggi hari ini, yang disumbang oleh kenaikan saham berkaitan kewangan seperti CIMB Group, kata para peniaga. Sehingga jam 5 petang,  FBM KLCI meningkat 2.96 mata atau 0.22 peratus untuk ditutup kepada paras ketinggian baharunya yang dicatat pada rali 2009-2010 kepada 1,355.19. Indeks FBM KLCI dibuka meningkat 0.42 mata kepada 1,352.65 pada sebelah pagi dan diniagakan pada julat 5.51 mata antara paras ketinggian harian 1,356.13 dan paras terendah harian 1,350.62 semasa sesi dagangan. Semasa ditutup, Indeks Kewangan meningkat 60.60 mata kepada 12,341.22, Indeks Perladangan meningkat 9.34 mata kepada 6,416.94 dan Indeks Perusahaan menokok 2.38 mata kepada 2,673.18. Indeks FBM Emas menokok 23.80 mata kepada 9,178.37, Indeks FBM70 meningkat 25.31 matas kepada 9,174.34 dan Indeks FBM Ace maju 8.15 mata kepada 3,799.18. Kaunter untung mengatasi kaunter rugi sebanyak 445 kepada 264 manakala 278 kaunter tidak berubah, 377 tidak diniagakan dan 28 yang lain digantung.Jumlah dagangan meningkat kepada 847.160 juta saham bernilai  RM1.251 bilion daripada 731.634 juta saham bernilai RM1.33 bilion semalam. Mendahului saham paling aktif ialah kaunter yang membuat kemunculan sulung di Pasaran Utama, Ivory Properties, yang ditutup dagangan hari pertama kepada RM1.30, yang meningkat 30 sen daripada harga tawarannya. Ia dibuka meningkat 15 sen kepada RM1.15.Jadi Imaging meningkat 2.5 sen kepada 30 sen, AirAsia meningkat 7.0 sen kepada RM1.51 dan Berjaya Corporation menokok 6.0 sen kepada RM1.09. Jumlah dagangan Pasaran Utama meningkat kepada 759.561 juta saham bernilai RM1.234 bilion daripada 633.941 juta saham bernilai  RM1.316 bilion semalam. Perolehan di Pasaran ACE merosot kepada 52.326 juta saham bernilai RM9.379 juta berbanding dengan 59.135 juta saham bernilai RM10.835 juta sebelum ini. Jumlah dagangan waran merosot kepada 29.511 juta unit bernilai RM4.103 juta daripada 32.849 juta unit bernilai RM4.906 juta semalam. Produk pengguna mencatatkan 77.599 juta saham diniagakan di Pasaran Utama, produk perusahaan 133.551 juta, pembinaan 62.274 juta, dagang dan perkhidmatan 216.484 juta, teknologi 28.314 juta, prasarana 10.347 juta, kewangan 63.225 juta, hotel 1.809 juta, hartanah 132.875 juta, perladangan 14.875 juta, perlombongan 32,000, REIT 18.115 juta, dan dana tertutup 62,600. - Bernama

Technical View 28 July 2010

The FBM KLCI was trading listlessly in the vicinity of the peak of 2010-2009 rally, which was expected when the market is situated at around a key level. At the end the session, the index carved out a “Doji Star”, which represents indecision in the market. Remember that the 1,350 pt-level is not just a random level, as there were previously three failed breakout attempts at this level during the March-May period.
Anyhow, yesterday was just a day whereby buyers and sellers were trying to dominate each other at this meaningful level. The immediate technical outlook of the FBM KLCI remains bullish.
From the current level, continue to look for the next tough resistance at the 1,395 pt-level. Initial support is now seen at the 1,350 pt-level, followed by the 1,332 pt-level and the 1,326 pt-level.

Belian saham mewah Bursa bercampur-campur

KUALA LUMPUR 27 Julai - Harga-harga saham di Bursa Malaysia ditutup bercampur-campur hari ini  dengan indeks utama berada pada zon positif, disokong oleh belian lewat saham-saham mewah terpilih, kata para peniaga. Pada pukul 5 petang, Indeks FBM KLCI naik 0.41 mata atau 0.03 peratus untuk ditutup pada  1,352.23, selepas dibuka 0.65 mata lebih tinggi pada 1,352.47.Indeks utama diniagakan dalam lingkungan 8.94 mata antara paras tertinggi harian 1357.23 dan terendah 1348.29 semasa sesi urus niaga. Pada penutup,  Indeks Kewangan susut 18.47 mata kepada 12,280.62 dan Indeks Perusahaan turun 5.06 mata kepada 2,670.80 sementara Indeks Perladangan menokok 12.62 mata kepada 6,407.60. Indeks FBM Emas mengukuh 3.79 mata kepada 9,154.57 dan Indeks FBM70 menambah 0.60 mata kepada 9,149.03 tetapi  Indeks FBM Ace kerugian 10.98 mata kepada 3,791.03. Saham-saham rugi mengatasi saham untung dengan 381 berbalas 308 sementara 285 kaunter tidak berubah, 390 tidak diniagakan dan 26 yang lain digantung urus niaga. Jumlah dagangan turun kepada 731.634 juta saham bernilai RM1.33 bilion daripada 850.663 juta saham bernilai RM1.122 bilion semalam.Di kalangan saham aktif, Berjaya Corporation kekal pada RM1.03 sementara AirAsia mengembang dua sen kepada RM1.44. Kenmark Industrial kehilangan satu sen kepada tujuh sen manakala Jadi Imaging Holdings menambah 1.5 sen kepada 27.5 sen. Di kalangan saham yang paling untung ialah Nestle yang mengembang RM1.36 kepada RM38.60, dan Cycle & Carriage Bintang serta Measat Global yang meningkat 31 sen, masing-masing kepada RM6.08 dan RM3.80. Jumlah dagangan di  pasaran utama merosot kepada 633.941 juta saham bernilai RM1.316 bilion daripada 748.439 juta saham bernilai RM1.102 bilion semalam. Perolehan dagangan di Pasaran ACE rendah sedikit kepada 59.135 juta saham bernilai RM10.835 juta berbanding 59.410 juta saham bernilai RM11.476 juta sebelumnya.Jumlah waran pula turun kepada 32.849 juta unit bernilai RM4.906 juta daripada 39.218 juta unit bernilai RM7.146 juta semalam. Produk pengguna menguasai 74.720 juta saham yang diniagakan di Pasaran Utama, produk perindustrian 116.502 juta, pembinaan 45.446 juta, urus niaga dan perkhidmatan 203.294 juta, teknologi  35.135 juta, infrastruktur 15.715 juta, kewangan 43.422 juta, perhotelan 869,200, hartanah 62.907 juta,  perladangan 24.754 juta, perlombongan 10,000, REIT 11.005 juta dan dana tertutup 162,800.- Bernama

Technical View 27 July 2010

Yesterday, the FBM KLCI created a new high in the 2009-2010 rally. Remember that there had previously  been three failed breakout attempts at the 1,350 pt-level during the March-May period. Although the index only violated the 1,350 pt-level marginally, it could turn out to be a major market action which could lead to further upside for the market.
The immediate technical outlook of the FBM KLCI is bullish. The rebound starting from the May low was actually not a bear rebound as we had expected. This is the second time since March 2009 that a major  breakdown experienced by the FBM KLCI did not lead to the kind of sharp decline that we normally see. To  re-cap, the first violation of the critical 50-day MAV line in February this year also did not cause the FBM KLCI to retrace drastically from the moving average line.
From the current level, look for the next tough resistance at the 1,395 pt-level. Initial support is now seen at  the 1,350 pt-level, followed by the 1,332 pt-level and the 1,326 pt-level.

Market Review

Scaling new high. The FBM KLCI gained 6.14 points to close at 1,351.82. Khazanah Nasional Bhd has won the bid for control over Asia’s largest hospital chain, Parkway Holdings Ltd, after Fortis accepted its higher cash offer of S$3.95 (RM9.25)/share. Mudajaya Group Bhd’s shares slumped after a news report said it was being probed by the Securities Commission while GPRO Technology Bhd plans to acquire precision casting and injection moulding specialist AB Technology SB at an indicative price of about RM140m through the issuance of new GPRO shares. Leong Hup Holdings Bhd plans to spend up to RM30m in 2010 to set up a broiler farm in the Bio Desaru Food Valley project while the International Trade and Industry Ministry said that foreign direct investment (FDI) inflow totalled RM5.06bn in 1Q10, nearly matching that in the entire 2009 inflow of  RM5.66bn. Finally, the US markets jumped on FedEx's improved forecasts and a better-than-expected housing market report. Crude oil price, however , was flat at USD78.98/barrel.

Pengambilan untung Bursa bercampur-campur

KUALA LUMPUR 26 Julai - Harga-harga saham Bursa Malaysia ditutup bercampur-campur hari ini  apabila sebilangan pelabur mengambil keuntungan selepas kenaikan, kata peniaga. Pada 5 petang, FBM KLCI menokok 6.14 mata atau 0.46 peratus untuk ditutup pada 1,351.82, paras penutup tertingginya tahun ini.Indeks utama bergerak antara 1,352.94 dan 1,348.58 hari ini selepas dibuka 4.86 mata lebih tinggi pada 1,350.54. Indeks Kewangan naik 111.97 mata kepada 12,299.09, Indeks Perladangan naik 14.89 mata kepada 6,394.98 dan Indeks Industri bertambah 8.14 mata kepada 2,675.86. Indeks FBM Emas meningkat  24.21 mata kepada 9,150.78 tetapi Indeks FBM70 merosot 14.51 mata kepada 9,148.43 dan Indeks FBM  Ace susut 14 mata kepada 3,802.01. Kaunter rugi mengatasi untung dengan 355 berbanding 336 sementara 274 kaunter tidak berubah, 400 tidak didagangkan dan 24 yang lain digantung. Jumlah dagangan menyusut  kepada 850.663 juta saham bernilai RM1.122 bilion daripada 993.351 juta saham bernilai RM1.430 bilion Jumaat lepas. Di kalangan saham aktif, Tiger Synergy Bhd-OR naik setengah sen kepada satu sen sementara Time dotCom tidak berubah pada 59.5 sen. Time Engineering susut satu sen kepada 44.5 sen, IFCA MSC merosot 2.5 sen kepada 19.5 sen dan Talam Corporation kekal pada 11.5 sen. Jumlah dagangan pasaran utama menyusut kepada 748.439 juta saham bernilai RM1.102 bilion daripada 899.788 juta saham, bernilai  RM1.404 bilion Jumaat lepas. Perolehan dagangan pada pasaran ACE, bagaimanapun, meningkat kepada 59.410 juta saham bernilai RM11.476 juta berbanding 46.741 juta saham bernilai RM12.539 juta sebelumnya. Dagangan warant juga meningkat pada 39.218 juta unit bernilai RM7.146 juta berbanding 36.073 juta saham bernilai RM7.221 juta Jumaat lepas. Barangan pengguna mewakili 64.079 juta saham yang didagangkan di Pasaran Utama, produk industri 206.640 juta, pembinaan 61.931 juta, dagangan dan perkhidmatan 182.334 juta, teknologi 42.995 juta, prasarana 51.511 juta, kewangan 41.248 juta, hotel 2.055 juta, harta 65.117 juta, perladangan 17.621 juta, perlombongan 15,000, REIT 12.702 juta dan dana tertutup 191,600. - Bernama

Technical View 26 July 2010

 The FBM KLCI’s current technical posture suggests that the key index could be cracking the peak of the 2009-2010 rally soon. The peak is situated at the 1,350 pt-level and the market is now very close to it. In fact, the futures index has surpassed the peak of the 2009-2010 rally last Friday. Remember there were three failed breakout attempts at the 1,350 pt-level during the March-May period. It is amazing that the FBM KLCI could actually return back to the current level after having experienced a major technical breakdown by violating the “Neckline” support line.
Similar to the recent rebound back above the “Neckline” experienced by the palm oil futures market, the FBM KLCI is also experiencing something very unusual. Firstly, the breakdown from the “Neckline” of the “Triple Top” is supposed to be a very reliable mid-term reversal pattern which would normally lead to further downside. However, the downdraft following the breakdown was brief and the retracement was only about 100 pts off the 1,350 pt-peak. Secondly, the FBM KLCI has been actually trending against the DJIA in a major way since last month. While the DJIA continued to trend lower within a broad downtrend channel, the FBM KLCI continued to go higher. Last but not least, the DJIA did look like it  is in the process of creating a major “Head and Shoulder” bearish formation. The combination of these three factors has kept us maintaining our near-term bearish bias view for quite a while despite the fact that the FBM KLCI is obviously trending up.
We will now see if the FBM KLCI can violate the 1,350 pt-level. We are dropping our bearish bias view now. The rebound starting from the May low was actually not a bear rebound as we had been expecting. This is the second time since March 2009 that a major breakdown experienced by the FBM KLCI did not lead to the kind of sharp decline that we normally saw in the past. To re-cap, the first violation of the critical 50-day MAV line in February this year also did not cause the FBM KLCI to retrace drastically from the moving average line.
From the current level, there is a tough resistance at the 1,350 pt-level. Next hurdle would be the 1,395 pt-level while initial support is still situated at the 1,332 pt-level, followed by the 1,326 pt-level.

Market Review

Higher closing. The FBM KLCI jumped 9.63 points to close at 1,345.68. Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE) will offer 25%, or 408m shares, of the enlarged paid-up of 1.6 billion shares for sale under IPO and expects the listing to be completed by 4QCY10. Tanjong plc plans to double its power generation capacity from the current 4,000 megawatt (MW) in the next 4-5 years by expanding its power generation assets in Middle East, North Africa and Asia. Malaysia Airports Holdings Bhd (MAHB)  expects an average growth of 12% in passenger traffic volume this year which is in line with the global  economic recovery, while Kumpulan Wang Persaraan (KWAP) recently emerged as a substantial shareholder of Gamuda Bhd with a 5.16% stake. Finally, the US markets were up on Friday after a report showed that  most of  Europe's big banks have passed the stress tests, which helped to ease investor worries about the strength of the global  economic recovery. Crude oil price, however, fell USD0.32 to close at USD78.98/barrel.

Harga saham uji paras 1,350 mata

KUALA LUMPUR 25 Julai - Harga saham di Bursa Malaysia dijangka meningkat minggu depan menguji  paras 1,350 mata dengan pelabur runcit sebagai peserta utama dalam pasaran, kata para peniaga. Pong Teng Siew daripada Jupiter Securities Sdn. Bhd. berkata, harga komoditi tinggi, seperti minyak sawit, akan menyokong kaunter berkaitan perladangan dan memberikan rangsangan kepada pasaran.Menurutnya, antara kaunter yang dijangka mendapat perhatian minggu depan ialah Sime Darby, IOI Corp dan Kuala Lumpur  Kepong. Kenaikan itu juga akan disokong oleh saham bank, yang baru-baru ini menyaksikan kekurangan minat meskipun Public Bank mencatatkan keuntungan sebelum cukai tinggi sebanyak RM981.98 juta dalam suku keduanya di atas pendapatan RM2.679 bilion, katanya. Saham perbankan lain seperti CIMB dan Hong Leong dijangka kekal menjadi antara saham pilihan berikutan jangkaan pertumbuhan suku kedua kukuh dalam industri tersebut, kata Teng Siew.Keputusan kewangan menggalakkan yang dicatatkan oleh DiGi juga merangsang beberapa minat belian dalam kaunter tersebut pada minggu ini.Seorang penganalisis lain berkata faktor-faktor luar seperti prestasi di Wall Street dan pasaran saham serantau juga perlu diambil kira kerana ia juga boleh menyediakan hala tuju kepada bursa tempatan. Pada Jumaat, bursa tempatan melantun semula sebagai memberi reaksi kepada aliran meningkat di Wall Street, selepas para pelabur agak berhati-hati pada Khamis terhadap kenyataan Pengerusi Rizab Persekutuan AS Ben Bernanke bahawa ekonomi AS berdepan dengan prospek "tidak menentu yang luar biasa". "Pasaran tempatan berada dalam sentimen neutral dan bergerak menghala ke arah positif. Sebarang pengunduran dijangka terhad dengan sokongan indeks utama dilihat pada paras 1,340 mata dan paras ketahanan pada 1,350 mata," kata penganalisis itu. Bagi minggu yang baru berakhir ini, FBM KLCI utama meningkat sebanyak 9.63 mata kepada 1,345.68. Menurut para peniaga, ia merupakan minggu yang baik bagi penyenaraian baharu. EA Holdings Bhd, syarikat pegangan pelaburan, pengurusan dan perkhidmatan perundingan memulakan dagangan sulungnya pada 20 Julai pada 45 sen, di mana premium 20 sen mengatasi harga tawarannya pada 25 sen. Saham tersebut ditutup tinggi minggu ini pada 70 sen. Bagi asas Jumaat ke Jumaat, FBM KLCI meningkat 9.03 mata kepada 1,345.68 daripada 1,336.65 sebelumnya. Indeks FBM Emas naik 78.14 mata kepada 9,126.57, FBM70 meningkat 77.44 mata kepada 9,162.94 dan Indeks FBM Ace menokok 51.40 mata kepada 3,816.01. Indeks Kewangan menambah 86.51 mata kepada 12,187.12, Indeks Perladangan menokok 90.59 mata kepada 6,380.09 dan Indeks Perusahaan naik 12.69 mata kepada 2,667.72. Jumlah dagangan bagi minggu ini naik kepada 4.175 bilion saham bernilai RM6.527 bilion daripada 3.4 bilion saham bernilai RM5.937 bilion minggu sebelumnya. Jumlah dagangan di Pasaran Utama meningkat kepada 4.237 bilion saham bernilai RM6.384 bilion daripada 3.101 bilion saham bernilai RM5.879 bilion sebelumnya. Jumlah dagangan Pasaran Ace menokok kepada 273.18 juta saham bernilai RM216.745 juta daripada 143.064 juta saham bernilai RM19.081 juta pada minggu sebelumnya. Waran naik kepada 176.124 juta unit bernilai RM29.516 juta daripada 131.56 juta unit bernilai RM21.985 juta sebelumnya. - BERNAMA

Technical View 23 July 2010

 Last month, the palm oil futures market experienced an extremely critical breakdown at the RM2,393 / tonne level, which completed the massive “Double Top” formation that took more than 6 months to complete.  Theoretically, the accuracy of this massive bearish reversal pattern should be very high. Palm oil prices should have fallen much further after violating the RM2,393 / tonne level, which is the “Neckline” of the “Double Top”
Surprisingly, in less than a month after taking out the critical RM2,393 / tonne level, prices actually bounced back above the “Neckline”. This is highly unusual, both theoretically and in the actual  trading environment. The return back above the “Neckline” coupled with the violation of the downtrend line stretching from the RM2,722 / tonne level basically completely overturned the previous highly bearish scenario.
In June, it was still a very bearish technical landscape for the palm oil futures market. And after yesterday, we are seeing a very different technical picture. Near-term technical outlook of the palm oil futures market has now become bullish. We believe the recent rebound back above the “Neckline” has caught almost every technician off guard.
From the current level, there is immediate support at the RM2,393 / tonne level, followed by the RM2,270 /  tonne level. To the upside, immediate resistance is now seen at the RM2,600 / tonne level and followed by the RM2,660 / tonne level.

Market Review

Market down on Fed’s view? The FBM KLCI eased 4.97 pts to 1,336.05 as investors turned jittery when Federal Reserve chairman Ben Bernanke in his Congressional testimony on Wednesday said the US economy faced "unusually uncertain" prospects. Losers outnumbered gainers 388 to 318 while 251 counters were unchanged, 410 untraded and 27 were suspended. Nonetheless, with DJIA’s 201.77-pt surge overnight to close at 10,322.3 pts on improving profit forecasts and accelerating growth in the European manufacturing and services industry, we may see buying interest return to the market across the region today. Today’s key highlights are EONCap to call a shareholders meeting on 19 Aug to decide Hong Leong Banks takeover offer, Bank Negara reserves at RM309.9bn, Nagamas signs MOU with Yongzhou City People’s Government to undertake an international multi-trade project in China, Bank Rakyat’s 1H earnings rise 24%, NSTP to be delisted on 30 July and Bursa reprimands Tiger and Tracoma.

Jualan besar-besaran Bursa lemah

KUALA LUMPUR 22 Julai - Jualan besar-besaran saham kewangan dan perladangan di kaunter saham berwajaran tinggi, menyaksikan harga saham di Bursa Malaysia ditutup rendah hari ini. Pelabur bimbang dan bersikap berhati-hati terhadap kenyataan Pengerusi Rizab Persekutuan Ben Bernanke bahawa ekonomi  Amerika Syarikat (US) berhadapan dengan prospek "luar biasa tidak menentu". Ulasan beliau dibuat semasa pelabur sudah sibuk dengan pemulihan ekonomi US yang tertangguh, selain penyiaran keputusan "ujian stres"  ke atas 91 bank Eropah, esok," kata seorang peniaga. Pada 5 petang, petunjuk pasaran Indeks Komposit Kuala Lumpur (KLCI) ditutup 4.97 mata lebih rendah kepada 1,336.05, selepas dibuka dalam jajaran kecil antara 1,332.92 dan 1,339.98 mata. Indeks FBM Emas turun 29.36 mata kepada 9,066.55, Indeks FBM Ace turun 6.77 mata kepada 3,796.74 manakala Indeks FBM70 susut 18.98 mata kepada 9,126.46.Indeks  Kewangan turun 34.49 mata kepada 12,126.62, Indeks Perusahaan susut 17.91 mata kepada 2,657.56 dan Indeks Perladangan turun 9.24 mata kepada 6,336.61. Kaunter rugi mengatasi kaunter untung sebanyak 388 berbanding 318 manakala 251 kaunter tidak berubah, 410 tidak diniagakan dan 27 lagi digantung. Jumlah dagangan berkurangan kepada 872.860 juta saham bernilai RM1.145 bilion berbanding 874.875 juta saham bernilai RM1.268 bilion semalam. Antara kaunter aktif, Kenmark meningkat 3.5 sen kepada 10 sen, Tatt Giat  yang baru disenaraikan menokok tiga sen kepada 61 sen manakala Ho Wah menambah setengah sen kepada 16 sen. Jumlah dagangan di Pasaran Utama meningkat kepada 781.394 juta saham bernilai RM1.128 bilion berbanding 770.316 juta saham bernilai RM1.243 bilion semalam. Perolehan jumlah dagangan di Pasaran ACE meningkat kepada 58.147 juta saham bernilai RM11.421 juta berbanding 57.443 juta unit bernilai  RM16.664 juta yang direkodkan pada Rabu.Waran berkurangan kepada 30.759 juta saham bernilai  RM4.573 juta berbanding 42.123 juta saham bernilai RM6.675 juta semalam. Barangan pengguna menyumbang sejumlah 168.942 juta saham yang diniagakan di Pasaran Utama, barangan perusahaan 203.507 juta, pembinaan 64.362 juta, perdagangan dan perkhidmatan 180.691 juta, teknologi 30.012 juta,  infrastruktur 15.064 juta, kewangan 28.215 juta, hotel 709,500, hartanah 69.579 juta, perladangan 10.981  juta, perlombongan tiada, REIT 9.190 juta dan dana tertutup 136,300. - Bernama

Technical View 22 July 2010

 The USD/RM trend remains the same as we had previously updated in April. The USD continued to be pressured by the 200-day MAV line and an obvious downtrend can be seen on the daily chart. Having failed to break below the RM3.17/USD level after many attempts since April, a strong support has been created at the RM3.17/USD level.
We maintain our bearish view towards the USD/RM currency market as the USD continues to be pressured by the 200-day MAV line.
From the current level, a very strong support lies at the RM3.17/USD level. Should this level be violated, it is very likely that the USD will depreciate at a quicker pace. Below RM3.17/USD, the RM3.14/USD level is the next support. To the upside, there is immediate resistance at the RM3.23/USD level, followed by the RM3.27/USD level.

Market Review

Bargain hunting in selected blue chips. The FBM KLCI rose 3.35 pts to 1,341.02 on follow-through interest in selected blue chips, with foreign funds and institutions remaining in the market. Gainers outnumbered losers by 442 to 298, 277 counters were unchanged, 348 untraded and 26 suspended. Today’s key market  

news include CPI rose 1.6% y-o-y in June, Wilmar buys NatOleo for RM450m, sources said Far East  Consortium International plans to include five Malaysian hotels in a planned listing in Hong Kong, Khazanah unit, Integrated Healthcare Holdings, says it has secured 50.5% approval to date from Parkway shareholders who have voted for its partial offer, Malaysia Mosaics agrees to privatization proposal by its substantial  shareholders, Mudajaya is said to see the entry of a new substantial shareholder, 1 Mont’ Kiara is believed to have been sold for RM333m, and Ivory’s public issue oversubscribed by 2.19 times. Overnight, US stocks slid with the DJIA closing 109.43 pts lower to 10,120.5, as Federal Reserve Chairman Ben S. Bernanke said the economy outlook remains “unusually uncertain” without offering additional measures to stimulate growth. Therefore, we may see investors moving sideways pending any fresh leads.

Saham mewah rangsang Bursa ditutup tinggi

KUALA LUMPUR 21 Julai - Bursa Malaysia ditutup lebih tinggi berikutan minat belian berterusan pada saham berwajaran tinggi terpilih hari ini. Para peniaga berkata Indeks Komposit FTSE Bursa Malaysia Kuala Lumpur (FBM KLCI) kekal di atas paras 1,340 mata sepanjang hari ini apabila peningkatan harga pada stok semalaman AS merangsang para pemain termasuk dana asing dan institusi untuk kekal di dalam pasaran. Sehingga jam 5 petang, Indeks FBM KLCI meningkat 3.35 mata kepada 1,341.02 berbanding dengan penutup semalam."FBM KLCI meningkat 4.32 mata lagi semalam dan menghampiri paras 1,350 mata. Indek FBM Emas menokok 25.32 mata kepada 9,095.91, Indeks FBM Ace meningkat 26.89 mata kepada 3,803.51 dan Indeks FBM70 meningkat 33.90 mata kepada 9,145.44. Indeks Kewangan melonjak 40.54 mata kepada 12,161.11, Indeks Perusahaan meningkat 4.77 mata kepada 2,657.56 dan Indeks Perladangan meningkat 48.76 mata kepada 6,345.85. Kaunter untung mengatasi kaunter rugi sebanyak 442 kepada 298 manakala 277 kaunter tidak berubah, 348 tidak diniagakan dan 26 yang digantung. Perolehan dicatatkan lebih rendah kepada 874.875 juta saham bernilai RM1.268 bilion berbanding dengan 1.126 bilion saham bernilai  RM1.321 bilion semalam. Di kalangan kaunter aktif, SAAG meningkat 0.5 sen kepada 8.0 sen, Berjaya Corp merosot 3.0 sen kepada RM1.10, Jadi Imaging menokok 2.0 sen kepada 25 sen manakala Sinotop meningkat 6.5 sen kepada 34 sen. Bagi saham berwajaran tinggi, Maybank meningkat 3.0 sen kepada RM7.70, CIMB meningkat 9.0 kepada RM7.23 manakala Sime Darby tidak berubah pada harga RM7.74. Jumlah dagangan Pasaran Utama turun kepada 770.316 juta saham bernilai RM1.243 bilion berbanding dengan 1.015 bilion saham bernilai RM1.292 bilion semalam. Perolehan di Pasaran ACE juga merosot  kepada 57.443 juta saham bernilai RM16.664 juta berbanding dengan 74.536 juta unit bernilai RM21.572 juta Selasa.Waran meningkat kepada 42.123 juta saham bernilai RM6.675 juta daripada 30.565 juta saham bernilai RM4.532 juta semalam. Produk pengguna mencatatkan 121.377 juta saham diniagakan di Pasaran Utama, produk perusahaan 166.920 juta, pembinaan 73.933 juta, dagang dan perkhidmatan 221.422 juta,  teknologi 44.154 juta, prasarana 21.927 juta, kewangan 8.937 juta, hotel 2.633 juta, hartanah 53.777 juta,  perladangan 14.905 juta, perlombongan 3,000, REIT 10.293 juta dan dana tertutup 30,000. - Bernama

Technical View 21 July 2010

 After shrugging off the DJIA’s 261.49-pt losses two days ago, the FBM KLCI picked up another 4.32 pts yesterday and got closer to the 1,350 pt-level, or the 2009-2010 peak. In the chart, it looks like the index is ready to run back above the 1,340 pt-level. 

We mentioned yesterday that while the DJIA is obviously trending down within a broad downtrend channel and the index is already 10% off the 2009-2010 rally, the FBM KLCI is indeed only about 20 pts away from breaking out from the 2009-2010 rally peak. To our best memory, this is the first time that we saw such resilient  performance from the FBM KLCI in at least 8 years. Meanwhile, we maintain our bearish view while watching the DJIA’s immediate trend.
From the current level, there is a tough resistance at the 1,350 pt-level. Immediate support is still situated at the 1,332 pt-level, followed by the 1,326 pt-level.

Market Review

Ending higher. The FBM KLCI closed 4.32 points higher at 1,337.7, supported by key heavyweights Tenaga, Genting and Public Bank. Market trading volume was encouraging, with 1.12bn shares traded.  Today’s key headlines include Khazanah disposing of a 5% stake in Telekom Malaysia at RM3.23/share,  Public Bank and Digi reported quarterly earnings that were in line with expectations, the Selangor government has disputed claims by the Federal Government of a state-wide water shortage by 2014 if the Pahang- Selangor water transfer project was not up and running by then, Silver Bird to undertake a proposed private placement of up to 19.5m new shares, Axis REIT plans to raise RM132m next month as part of its capital  management plans and MISC has proposed to acquire four new vessels for RM1.4bn. Overnight, the Dow closed 0.74% higher on optimism of stronger than expected home building leading indicators. We expect our market to remain range bound today given the lack of fresh leads.

Pantulan teknikal Bursa ditutup kukuh

KUALA LUMPUR 20 Julai - Pantulan teknikal menyaksikan harga-harga saham ditutup tinggi hari ini,  disokong oleh faktor luaran, termasuk pemulihan Wall Street. Pada 5 petang, Indeks Komposit FTSE Bursa Malaysia Kuala Lumpur ditutup 4.32 mata lebih tinggi pada 1,337.67, selepas dibuka 1.18 mata lebih tinggi  pada 1,334.532, dengan minat berterusan bertumpu terhadap saham berwajaran tinggi dan saham berharga rendah terpilih. Seorang penganalisis berkata Wall Street mencatat pantulan teknikal susulan peningkatan semalam Dow Jones Industrial Index sebanyak 56.53 mata. Indeks FBM Emas meningkat 29.85 mata kepada 9,070.59, Indeks FBM Ace menokok 33.21 mata kepada 3,776.62 manakala Indeks FBM70 meningkat 14.64 mata kepada 9,111.54. Indeks Kewangan meningkat 34.76 mata kepada 12,120.57,  Indeks Perusahaan menambah 8.97 mata kepada 2,652.79 manakala Indeks Perladangan melonjak 42.04 mata kepada 6,297.09. Kaunter untung mengatasi kaunter rugi sebanyak 466 berbanding 278 manakala 250 kaunter tidak berubah, 371 tidak diniagakan dan 23 yang lain digantung. Jumlah dagangan meningkat kepada 1.126 bilion saham bernilai RM1.321 bilion berbanding 848.631 juta saham bernilai RM1.330 bilion, yang dicatatkan semalam. Antara saham aktif, SAAG rugi setengah sen kepada 7.5 sen, Talam menokok 1.5 sen kepada 12 sen manakala Time DotCom susut 2.5 sen kepada 56.5 sen. Saham berwajaran tinggi, Maybank susut dua sen kepada RM7.67, CIMB menambah tiga sen kepada RM7.14 dan Sime Darby susut satu sen kepada RM7.74. Jumlah dagangan di Pasaran Utama melonjak kepada 1.015 bilion saham bernilai RM1.292 bilion, berbanding 770.898 juta saham bernilai RM1.316 bilion, yang direkodkan pada Isnin. Perolahan dagangan di Pasaran ACE meningkat kepada 74.536 juta unit, bernilai RM21.572 juta berbanding 36.312 juta unit pada Isnin bernilai RM4.567 juta.Waran bagaimanapun susut kepada 30.565 juta saham bernilai  RM4.532 juta berbanding 36.601 juta saham bernilai RM6.513 juta yang dicatatkan sebelumnya. Barangan pengguna menyumbang sebanyak 81.543 juta saham yang diniagakan di Pasaran Utama, barangan perusahaan 217.385 juta, pembinaan 79.662 juta, perdagangan dan perkhidmatan 315.863 juta, teknologi 28.200 juta,  infrastruktur 50.949 juta, kewangan 45.201 juta, hotel 3.699 juta, hartanah 164.025 juta, perladangan 14.475 juta, perlombongan 12,000, REIT 14.311 juta dan dana tertutup 145,900. - Bernama

Technical View 20 July 2010

We thought that the FBM KLCI would have gapped down at least 10 pts at the opening bell yesterday after  the DJIA sank by 261.49 pts last Friday. The index had previously been on a seven-day winning stretch over  the last two weeks, gaining 47.6 pts in the process. We had expected the retracement to be much sharper than the 3.3 pt-loss. Even the futures index was down only marginally by 0.5 pts. All we can say is that there were no major signs of panic selling yesterday, not even during the first hour of trading. Genting, IJM and IOI  succumbed to strong selling pressure in the morning although the momentum was not aggressive. In contrast,  there were a few notable gainers in the top-volume list. The Shanghai Composite Index, which rebounded more than 2% yesterday, could have helped support regional market sentiment.
Another point to note is that while the DJIA is obviously trending down within a broad downtrend channel and the index is already 10% off the 2009-2010 rally, the FBM KLCI is indeed only 20 pts away from breaking out from the 2009-2010 rally peak. To our best memory, this is the first time that we saw such resilient performance from the FBM KLCI over at least the last 8 years.
Meanwhile, we maintain our near-term bearish bias view and continue to monitor how the index will  consolidate the strong rebound from the recent low of 1,294.37 pts. As we mentioned before, while the FBM KLCI is trading some 20 pts below the peak of the 2009-2010 rally, the DJIA is obviously still trending down within a broad downtrend channel. From the current level, there is a tough resistance at the 1,350 pt-level.  Immediate support is still situated at the 1,332 pt-level, followed by the 1,326 pt-level.

Market Review

Drifting. The FBM KLCI closed more than 3 points lower at the start of the new week, with market sentiment weighed down by plantation counters and Tenaga Nasional. The number of gainers and losers were about even,  with investors mostly taking the cue from external developments. Today’s key headlines are: (i) Help proposing a 3-for-5 bonus issue; (ii) Axiata selling its 89% stake in Multinet, Pakistan for USD15m; and (iii) MAS is in a RM2.2bn engine deal with Pratt & Whitney. The Dow closed marginally higher overnight as optimism on corporate earnings overshadowed a slump in homebuilder confidence. We expect the market to continue on its  range bound trading today in the absence of notable leads.

Bursa bercampur-campur di akhir dagangan

KUALA LUMPUR 19 Julai - Harga di Bursa Malaysia ditutup bercampur-campur hari ini berikutan sokongan belian lewat bagi saham wajaran tinggi seperti Genting, BAT dan Digi.Com saham, kata para peniaga. Indeks Komposit Kuala Lumpur FTSE Bursa Malaysia ditutup 3.30 mata lebih rendah pada 1,333.35 selepas turun naik dalam kawasan negatif sepanjang hari. Seorang peniaga berkata pasaran Wall  Street yang lemah, jatuh 261.41 mata kepada 10,097.90 pada Jumaat, mempengaruhi sentimen tempatan.  Indeks S&P 500 susut 31.60 mata kepada 1064.88 dan Nasdaq Komposit berkurangan 70.03 mata kepada 2179.05 pada Jumaat. Indeks FBM Emas susut 7.69 mata kepada 9,040.74 dan Indeks FBM Ace berkurangan 21.20 mata kepada 3,743.41. Sementara itu, FBM70 meningkat 11.40 mata kepada 9,096.90.Indeks Kewangan susut 14.80 mata kepada 12,085.81, Indeks Perusahaan turun 11.21 mata kepada 2,643.82 dan Indeks Perladangan berkurangan 34.45 mata kepada 6,255.05. Kaunter untung mengatasi kauntung rugi sebanyak 327 berbanding 324 manakala 269 kaunter tidak berubah, 447 tidak diniagakan dan 27 yang lain digantung. Jumlah dagangan meningkat kepada 848.631 juta saham, bernilai  RM1.330 bilion daripada 793.61 juta saham bernilai RM1.196 bilion, yang dicatatkan pada Jumaat lepas. Di  kalangan kaunter cergas, Titan Chemicals naik 34 sen kepada RM2.19, Time Engineering menokok dua sen  kepada 47.5 sen manakala Time DotCom menambah 4.5 sen kepada 59 sen. Jumlah dagangan Pasaran Utama meningkat kepada 770.898 juta saham bernilai RM1.316 bilion, daripada 702.001 juta saham bernilai  RM1.177 bilion, yang dicatatkan pada Jumaat minggu lepas. Perolehan dagangan di Pasaran ACE menokok kepada 36.312 juta unit bernilai RM4.567 juta daripada 30.809 juta unit bernilai RM4.143 juta.Bagaimanapun, waran turun kepada 36.601 juta saham bernilai RM6.513 juta daripada 54.518 juta saham bernilai RM10.01 juta pada Jumaat minggu lepas. Barangan pengguna menyumbang 45.441 juta saham yang diniagakan di Pasaran Utama, barangan perusahaan 188.927 juta, pembinaan 65.149 juta, perdagangan dan perkhidmatan 222.454 juta, teknologi 29.383 juta, prasarana 39.920 juta, kewangan 66.824 juta, hotel  380,200, harta 90.140 juta, perladangan 10.872 juta, perlombongan 41,700, REITs 11.199 juta dan dana tertutup 162,700.- Bernama

Technical View 19 July 2010

 

Although the FBM KLCI was stuck in a very tight range last Friday, the key index spent almost the whole session above the flat-line. Despite the index’s lackluster performance, the overall market sentiment was actually very positive. Notable strong gainers were spotted in the top gainer list.
Meanwhile, we maintain our near-term bearish bias view. We will continue to monitor how the index will  consolidate the strong rebound from the recent low of 1,294.37 pts. As we mentioned before, while the FBM KLCI is now trading about 15 pts below the peak of the 2009-2010 rally, the DJIA is obviously still trending downwards within a broad downtrend channel.
From the current level, there is tough resistance at the 1,350 pt-level. Immediate support is now seen at the 1,332 pt-level, followed by the 1,326 pt-level.

Market Review

Finishing higher. The FBM KLCI rose 2.57 points to close at 1,336.65 supported by mild bargain hunting.  Maxis Bhd plans to increase its household penetration in the East Coast to 80% by adding 50% more transmission sites, South Korea’s Honam Petrochemical has acquired a 72.3% stake in Titan Chemical for  RM2.35 a share and will launch a MGO for the remaining shares in Titan while Bina Puri-UEMC JV has been appointed the main contractor for the construction of the new permanent LCCT complex at KLIA for a total  contract value of RM997.2m and Signaland SB has extended an MGO to acquire all the ordinary shares in Southern Steel for RM2.05 per share. Finally, both the US markets and crude oil price fell on Friday as Bank of America and General Electric’s results missed estimates. Crude oil price was lower by USD0.61 at USD76.01/barrel.

Harga Saham Dijangka Tinggi

KUALA LUMPUR 18 Julai - Harga saham di Bursa Malaysia dijangka meningkat minggu depan berikutan rasa optimis pelabur terhadap bursa tempatan, ditambah pula data korporat yang positif serta inisiatif kerajaan untuk merancakkan ekonomi, kata para peniaga. Ketua Penyelidikan MIMB Investment Bank Bhd. Chan Ken Yew berkata, pada masa ini, tersebar banyak berita mengenai penswastaan yang memastikan kadar  faedah positif. Katanya, minat pelabur dijangka tertumpu kepada sektor makanan dan minuman serta sektor  peruncitan. "Pada minggu depan, minat dijangka akan terhad kepada kaunter bermodal kecil dan sederhana.  Kita akan turut melihat kepada pelaburan pusingan," katanya kepada Bernama. Ken Yew berkata, kaunter  yang dipacu pengguna kemungkinan menjadi sumber pertumbuhan. "Malaysia kini menjadi ekonomi yang dipacu penggunaan awam. Kini, ia mencatatkan kira-kira 33 peratus daripada keluaran dalam negara kasar.  Kita juga mempunyai penduduk yang masih muda yang kemungkinan menjadi pengguna," katanya. Mengenai  faktor luaran, katanya kesan secara langsung terhadap negara ini dijangka minimum kerana Bursa Malaysia agak berdaya tahan berbanding dengan bursa serantau yang lain. Beliau menjangka tahap sokongan pada minggu depan dijangka pada paras 1,300 dan paras halangan pada paras 1,350. Ken Yew berkata, langkah kerajaan mengurangkan subsidi secara berperingkat-peringkat kemungkinan menambah baik ekonomi negara ini di masa depan. Pada Khamis, kerajaan telah mengurangkan subsidi petrol, diesel, gas petroleum cecair dan gula sebagai sebahagian daripada strateginya untuk menghapuskan subsidi secara berperingkat-peringkat. Bagi minggu baru berakhir, FBM KLCI meningkat 2.57 mata kepada 1,336.65. Berasaskan Jumaat ke Jumaat,  FBM KLCI meningkat 12.34 mata kepada 1,336.65 berbanding dengan 1,324.31 sebelum ini. Indeks FBM Emas melonjak 117.55 mata kepada 9,048.43, FBM70 menokok 157.23 mata kepada 9,085.5 dan Indeks FBM Ace meningkat 2.88 mata kepada 3,764.61. Indeks Kewangan meningkat 148.94 mata kepada 12,100.61, Indeks Perladangan meningkat 15.56 mata kepada 6,289.50 dan Indeks Perusahaan meningkat  21.18 mata kepada 2,655.03. Jumlah dagangan bagi minggu ini meningkat kepada 3.40 bilion saham bernilai  RM5.94 bilion daripada 2.81 bilion saham bernilai RM5.02 bilion pada minggu lepas. Jumlah dagangan di  Pasaran Utama meningkat kepada 3.10 bilion unit bernilai RM5.88 bilion daripada 2.50 bilion unit bernilai  RM4.96 bilion sebelum ini. Jumlah dagangan Pasaran ACE merosot kepada 143.06 juta saham bernilai  RM19.08 juta daripada 207.64 juta saham bernilai RM37.02 juta pada Jumaat lepas. Waran melonjak kepada 131.56 juta unit bernilai RM21.99 juta daripada 83.08 juta unit bernilai RM9.95 juta sebelum ini.  -Bernama

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Technical View 16 July 2010

The FBM KLCI pierced through the previous peak of 1,335 pts two days ago but retreated to below it yesterday as the key index ended its 7 consecutive days of advances. As we mentioned before, the rally from the recent low of 1,294.37 pts had been over-stretched and the market finally took a breather yesterday.
Yesterday’s market action proves that it was indeed a tricky violation of the previous peak at the 1,335 pt-level  because the breakout happened after the key index recorded 7 consecutive days of gains Hence, the violation of the previous peak has not been confirmed and we maintain our bearish view towards the near-term market. We will see how the FBM KLCI will continue to consolidate its massive gains over the 7 following yesterday’s retracement.
From the current level, the 1,335 pt-level is the immediate resistance and there is tough resistance at the 1,350 pt-level. Immediate support is now seen at the 1,332 pt-level, followed by the 1,326 ptlevel.

Market Review

Regional drag. Profit-taking set in yesterday, dragging the FBM KLCI down by 7 points to 1334 points, led by Tanjong, Genting, CIMB and YTL. Regional markets were also weaker, with the Nikkei and the Hang Seng Index losing 1.1% and 1.5% respectively while the Shanghai Composite lost 1.9%. Today’s news headlines are China's GDP grew by 11.1% in 1H this year, the Malaysian Government cuts subsidy on fuel, cooking gas and sugar, Datuk Mohd Bakke Salleh is appointed Sime Darby's CEO with immediate effect while Datuk Sabri  Ahmad takes over as Felda Holding's MD. The US market clawed back and ended flat last night after losing more than 100 points in early trading while European bourses were in pullback mode. Should the FBM KLCI  weaken further and break its immediate support level at 1332 points, the next support is seen at 1326 points.

Pembetulan teknikal Bursa tinggi

KUALA LUMPUR 15 Julai - Harga saham di Bursa Malaysia lebih rendah pada akhir dagangan hari ini  kerana pembetulan teknikal berikutan kenaikan dalam tujuh hari berturut-turut dari minggu lepas, kata peniaga.

Pada akhir sesi petang, Indeks Komposit Kuala Lumpur FTSE Bursa Malaysia (FBM KLCI) turun tujuh mata atau 0.522 peratus kepada 1,334.08, diseret turun oleh kejatuhan di kaunter-kaunter berwajaran tinggi  seperti Genting Malaysia dan CIMB Group. Indeks utama itu dibuka 1.5 mata lebih rendah pada 1,339.58 pagi tadi berbanding 1,341.08 pada penutupan semalam. Sepanjang hari ini, ia bergerak di antara 1,331.2 dengan 1,340.11. Pada penutupan dagangan hari ini, Indeks Perusahaan susut 3.79 mata kepada 2,659.48,  Indeks Perladangan turun 20.87 mata kepada 6,299.38 dan Indeks Kewangan jatuh 42.91 mata kepada 12,048.68. Indeks FBM Emas merosot 33.649 mata kepada 9,019.41, Indeks FBM70 menokok 7.94 mata kepada 9,061.79 dan Indeks FBM Ace susut 19.12 mata kepada 3,766.32. Saham rugi mengatasi saham untung dengan jumlah 391 berbanding 241 manakala 289 kaunter tidak berubah, 443 tidak diniagakan dan 28 yang lain digantung urus niaga. Jumlah dagangan mengecil kepada 619.65 juta saham bernilai RM1.128 bilion daripada 801.666 juta saham bernilai RM1.538 bilion pada penutupan semalam.Antara saham cergas, Time Dotcom kekal pada 52 sen, Xidelang menambah 1.5 sen kepada 44.5 sen dan Titan Chemicals naik tujuh sen kepada RM1.85, Maybank dan Maxis turun dua sen setiap satu, kepada RM7.69 dan RM5.30. Jumlah dagangan Pasaran Utama mengecil kepada 576.92 juta saham bernilai RM1.121 bilion daripada 734.274 juta saham bernilai RM1.525 bilion semalam. Pasaran Ace menyaksikan perolehan dagangan berkurangan kepada 20.992 juta unit bernilai RM2.764 juta daripada 38.222 juta unit bernilai RM5.312 juta sebelumnya.Waran susut kepada 19.406 juta saham bernilai RM2.481 juta daripada 24.446 juta saham bernilai RM4.041 juta semalam. Barangan pengguna menguasai 65.831 juta saham yang diniagakan di Papan Utama, barangan perusahaan 119.538 juta, pembinaan 74.28 juta, perdagangan dan perkhidmatan 143.004 juta, teknologi  11.609 juta, prasarana 53.473 juta, kewangan 48.014 juta, hotel 472,400, harta 38.538 juta, perladangan 12.246 juta, perlombongan tiada, REIT 9.87 juta, dan dana tertutup 45,600.- Bernama

Technical View 15 July 2010

The FBM KLCI successfully cracked above the previous peak of 1,335 pts yesterday after a 7-day winning streak. The market may actually return back above the previous major breakdown level and is now only about 10 pts below the peak of the 2009-2010 rally.
As the daily chart is now indeed painting a very positive technical landscape after returning back above the previous major breakdown point, we should have dropped our near-term bearish view by now. However, we are sticking to our bearish view for a while because of the tricky violation of the previous peak at the 1,335 pt-level. This is because the breakout happened after the key index recorded 7 consecutive days of gains. The rally from the recent low of 1,294.37 pts is already overextended. The FBM KLCI should be consolidating very soon and we will see how the market will consolidate before altering our bearish view. Moreover, the DJIA is still trending lower within a broad downtrend channel despite its 7 consecutive days of advances.
From the current level, there is tough resistance at the 1,350 pt-level. Immediate support is now seen at the 1,332-1,336 pt-area, followed by the 1,326 pt-level.

Market Review

Follow through buying. The FBM KLCI closed 8.21 points higher at 1,341.08, boosted by gains from Sime,  Tenaga and Maybank. Volume also surged to 801.7m shares from 574.3m shares the previous day. Today’s corporate news are: Gamuda and MMC JV plans to bid for RM14bn of tunnelling works for the proposed  MRT if the project is approved by the Government, Tenaga reported strong 3QFY10 results, boosted by forex translation gains and stronger electricity demand, while UMW plans to assemble the Toyota Camry locally by 2012. Overnight, the Dow Jones closed marginally higher as the Federal Reserves’ latest revised GDP forecast  of 3.0 to 3.5% was less downbeat than initially expected.

Bursa teguh di akhir dagangan

KUALA LUMPUR 14 Julai - Bursa Malaysia mengakhiri dagangan pada paras lebih teguh keseluruhannya hari ini, didorong oleh minat belian kerana pelabur-pelabur menjangkakan beberapa keputusan korporat yang baik mulai hari ini, kata peniaga.Indeks Komposit Kuala Lumpur FTSE Bursa Malaysia (FBMKLCI) naik 8.21 mata kepada 1,341.08, dengan dibantu oleh peningkatan, kebanyakannya di tiga kaunter berwajaran tinggi utama iaitu Sime Darby, Tenaga dan Maybank. FBMKLCI dibuka 3.78 mata lebih tinggi pada 1,336.65 berbanding paras penutupan 1,332.87 semalam. Indeks Perusahaan mengukuh 17.53 mata kepada 2,663.27, Indeks Perladangan meningkat 21.32 mata kepada 6,320.25 dan Indeks Kewangan melonjak 80.04 mata kepada 12,091.59. Indeks FBM Emas naik 61.55 mata kepada 9,053.06, Indeks FBM70 menambah 61.47 mata kepada 9,053.85 dan Indeks FBM Ace menokok 16.8 mata kepada 3,785.44. Saham untung mengatasi saham rugi dengan jumlah 506 berbanding 194 manakala 269 kaunter tidak berubah, 395 tidak diniagakan dan 23 yang lain digantung urus niaga. Jumlah dagangan melonjak kepada 801.666 juta  saham bernilai RM1.538 bilion daripada 574.317 juta saham bernilai RM1.085 bilion sebelumnya. Bagi  saham berwajaran tinggi, Maybank naik tujuh sen kepada RM7.71 dan Sime Darby mengukuh 13 sen kepada RM7.87.CIMB Group kekal pada RM7.13. Tenaga, yang mencatatkan keuntungan sebelum cukai sebanyak RM1.286 bilion bagi suku ketiga berakhir 31 Mei, 2010 daripada RM1.240 bilion dalam suku yang sama tahun lepas, naik 13 sen kepada RM8.61. Jumlah dagangan Pasaran Utama melonjak kepada 734.274 juta saham bernilai RM1.525 bilion daripada 526.876 juta saham bernilai RM1.075 bilion semalam. Pasaran ACE perolehan dagangan bertambah kepada 38.222 juta unit bernilai RM5.312 juta daripada 24.982 juta unit  bernilai RM3.251 juta semalam.Jumlah waran meningkat kepada 24.446 juta saham bernilai RM4.041 juta daripada 17.255 juta saham bernilai RM2.806 juta sebelumnya. Barangan pengguna menyumbang 80.008 juta saham yang diniagakan dalam Pasaran Utama, barangan perusahaan 136.093 juta, pembinaan 82.817 juta,  perdagangan dan perkhidmatan 232.093 juta, teknologi 26.984 juta, prasarana 30.67 juta, kewangan 68.789 juta, hotel 586,700, harta 45.116 juta, perladangan 10.868 juta, perlombongan 2,000, REIT 20.222 juta dan dana tertutup 25,000. - Bernama

Technical View 14 July 2010

The palm oil futures market completed the massive “Double Peak” structure by violating the “Neckline” support  last month. As it took about 6 months to complete the “Double Peak”, the accuracy of this bearish reversal  signal should be rather high.
We maintain our firmly bearish bias view on the near-term technical outlook of the palm oil futures market. We can see from the above daily chart that the price has been slowly trending lower since the “Double Peak” was created.
From the current level, there is a very tough resistance at the “Neckline” situated at the RM2,393 / tonne level,  followed by the RM2,400 / tonne psychological level. To the downside, we are eyeing the recent low of  M2,270 / tonne level as the immediate support. Technically, the rebound from the recent-low is due to the support provided by an “Upside Window” created in November 2009. Next support is seen at the RM2,215 / tonne level.

Market Review

Overseas boost. The FBM KLCI gained 6 points to 1332.87 points, boosted by Digi, RHB Cap, HL Bank,  Genting and Genting Malaysia. Volume, however, remained thin at 572m shares, with gainers and losers quite evenly matched. Today’s corporate news include M.Mosaic to be taken private at RM2.30 per share cash and LBS Bina will launch its long-delayed Zhuhai project worth RM5bn next year. With Europe and the US benchmarks closing 1% to 2% higher overnight, Malaysian stocks are likely to continue to inch up today.  Immediate resistance is expected some 17 points above the current level at 1350 points.

Belian saat akhir rangsang Bursa kukuh

KUALA LUMPUR 13 Julai - Harga saham di Bursa Malaysia ditutup tinggi hari ini dengan Indeks Komposit Kuala Lumpur FTSE Bursa Malaysia (FBMKLCI) ditutup pada paras tertingginya bagi hari ini  pada 1,332.87, kata para peniaga. Belian saat-saat akhir di kaunter terpilih seperti Plus Expressways berjaya melonjakkan indek utama itu 6.13 mata daripada paras 1,326.74 semalam.Pengendali lebuh raya itu ditutup 10 sen lebih tinggi pada RM3.58. Sepanjang hari dagangan, indeks utama bergerak antara 1,328.71 dan 1,332.87. FBMKLCI dibuka 3.13 mata lebih tinggi pada 1,329.87. Sementara itu, Indeks Perusahaan naik 4.56 mata kepada 2,645.74, Indeks Perladangan meningkat 21.72 mata kepada 6,298.93 dan Indeks Kewangan menokok 36.03 mata kepada 12,011.55. Indeks FBM Emas naik 35.88 mata kepada 8,991.51,  Indeks FBM70 meningkat 27.11 mata kepada 8,992.38 manakala Indeks FBM Ace menambah 27.58 mata kepada 3,768.64. Kaunter untung mengatasi kaunter rugi sebanyak 363 berbanding 283 manakala 290 kaunter tidak berubah, 426 tidak diniagakan dan 24 yang lain digantung. Urus niagah dagangan berkurangan kepada 574.317 juta saham bernilai RM1.085 bilion daripada 610.64 juta saham bernilai RM990.825 juta semalam.Jumlah dagangan Pasaran Utama turun kepada 526.876 juta saham bernilai RM1.075 bilion daripada 561.415 juta saham bernilai RM980.46 juta semalam. Perolehan dagangan di Pasaran ACE berkurangan kepada 24.982 juta unit bernilai RM3.251 juta daripada 28.059 juta saham bernilai RM3.611  juta sebelumnya.Bagaimanapun, waran naik kepada 17.255 juta unit bernilai RM2.806 juta daripada 15.934 juta unit bernilai RM2.647 juta sebelumnya. Di kalangan saham cergas, Scomi Marine menokok enam sen kepada 49 sen, Kenmark Industrial turun 2.5 sen kepada enam sen dan Axiata Group menambah satu sen kepada RM4.13. Kaunter untung utama, Digi.Com naik 50 sen kepada RM23.48, KFC Holdings meningkat  32 sen kepada RM10.62 dan United Plantations menokok 30 sen kepada RM14.30. Barangan pengguna menyumbang 75.496 juta saham yang diniagakan di Pasaran Utama, barangan perusahaan 94.335 juta,  pembinaan 42.132 juta, perdagangan dan perkhidmatan 191.487 juta, teknologi 17.378 juta, prasarana 15.401 juta, kewangan 37.72 juta, hotel 1.814 juta, harta 31.919 juta, perladangan 13.404 juta,  perlombongan 23,500, REITs 5.75 juta dan dana tertutup 17,000. - Bernama

Technical View 13 July 2010

 Last week, we highlighted the three shrinking white candlesticks that appeared prior to last Friday’s session. The key index’s 8.28-pt gain last Friday has written off the possibility that the rebound starting from the 1,294.37 pt-low could be losing momentum. Yesterday, the FBM KLCI continued to pick up another 2.43 pts. The index’s performance has basically been in line with the strong rebound experienced by the US market over the last four trading days.
Meanwhile, there is no change on our near-term bearish view on the FBM KLCI. The DJIA is obviously still trending downwards within a broad downtrend channel despite the massive gains recorded over  the last five sessions. Moreover, the FBM KLCI is still trading at below the recent peak recorded in June.
From the current level, there is immediate resistance at the 1,330 pt-level, followed by the 1,350 ptlevel. Immediate support is seen at the 1,316 pt-level, followed by the 1,307 pt-level.

Market Review

External leads. The market kept its composure to close 2 points higher yesterday despite a slow start in the morning. Overall market breadth was positive, with buying interest centered on financial, consumer and telco related stocks. Among the key headlines for today: (i) MMC inked a second supplemental gas supply agreement with Petronas; and (iii) TNB is spending RM120m to replace its ageing fleet of vehicles. In the absence of fresh domestic leads, the local bourse will continue to track external developments. Overnight, Wall Street greeted the start of the earnings on a positive note with better results from Alcoa on stronger aluminium prices.

Ringgit ditutup rendah

KUALA LUMPUR 12 Julai - Ringgit ditutup rendah berbanding dolar Amerika Syarikat (US) hari ini  apabila peniaga mata wang terus mengurangkan kedudukan berikutan dolar yang lebih kukuh, kata peniaga.  Pada 5 petang, ringgit ditutup pada 3.2030/2070 berbanding dolar US, susut daripada 3.1970/1000 pada penutup Jumaat. "Dolar mengukuh secara menyeluruh, pulih daripada kejatuhan berbanding sekumpulan mata wang minggu lepas," kata seorang peniaga.Beliau berkata kebimbangan berterusan mengenai ujian stres ke atas 91 bank Eropah, turut menyumbang kepada penurunan ringgit. Euro susut berbanding dollar US hari ini,  susut daripada paras tertinggi dalam tempoh dua bulan, susulan kebimbangan mengenai keberkesanan ujian stres ke atas bank-bank Eropah yang menyebabkan pelabur mengurangkan kedudukan ke atas mata wang  tunggal Eropah itu. Pada penutup hari ini, ringgit tinggi berbanding mata wang utama yang lain.Ia mengukuh  berbanding dollar Singapura kepada 2.3141/3190 daripada 2.3163/3204 Jumaat lepas serta berbanding yen Jepun pada 3.6086/6143 berbanding 3.6153/6195 sebelumnya. Ringgit juga diniagakan tinggi berbanding pound British pada 4.7894/7961 berbanding 4.8575/8624 Jumaat lepas selain euro pada 4.0242/0315 berbanding 4.0520/0566 sebelumnya. - Bernama

Technical View 09 July 2010

Overnight, the DJIA rebounded strongly for another day after the IMF raised its world GDP forecast from 4.2% to 4.6%. The rebound experienced in the US market over the last three trading days is not unexpected as the DJIA had closed lower in nine out of 10 sessions previously. The US market’s rebound led to FBM KLCI exhibiting similar market action.
Anyhow, the DJIA is still obviously channeling downward and it is the same for the FBM KLCI. We still maintain our bearish stance on the near-term technical outlook of the FBM KLCI after the index violated the short-term uptrend line. The immediate trend is obviously still down after the market created the “Bearish Harami”. Also, do not forget that the benchmark index made three failed attempts to break above the 1,350 pt-level, which led to it breaking below the critical “Neckline” support.
Today, we will see how the benchmark index reacts to the DJIA’s 120.71-pt rebound. The FBM KLCI’s performance yesterday was still lackluster even though the DJIA put on a hefty 274.66 pts on Wednesday.  Another point worth noting is although the FBM KLCI has been trending higher over the past three sessions,  the three white candlesticks are actually shrinking, which could be signaling that the rebound might be losing steam. Anyhow, we should be able to tell if the momentum is indeed slowing down after today’s session.
From the current level, the 1,298-1,303 pt-area is the immediate support while next support is seen at the 200-day MAV line, which now lies at the 1,284 pt-level. To the upside, immediate resistance still lies at 1,318 pt-level, followed by the 1,330 pt-level.

Market Review

Boost from Wall Street. FBM KLCI rose 4.28 pts to 1,316.03 as investors took the cue from the strong uptrend on Wall Street. Gainers outnumbered losers by 365 to 242 while 275 counters remained unchanged,  478 untraded and 23 others suspended. Today’s key market news are BNM raised the OPR for the third  time this year to 2.75%, May IPI rises 12.5%, Fitch keeps Malaysia's foreign debt rating with a stable outlook, KNM secures overseas contracts worth RM289m, Khazanah extends offer for Parkway Bandar  Raya will buy Limitless’ 60% stake in Haute Property SB for RM76m and assumed debt, Iris signs 3 pacts with Senegal and there is a potential RM1.5bn investment from Middle East in a petroleum tank farm and halal industrial park at  Penang Port. Overnight, the DJIA advanced 120.71 pts to 10,139.0 as a drop in jobless claims and higher-  than-forecast sales of some retailers bolstered confidence in the economic recovery. As such, we expect the  positive sentiment to rub off on the local bourse today.

Bursa kukuh seiring pasaran Wall Street

KUALA LUMPUR 8 Julai - Harga-harga saham di Bursa Malaysia ditutup tinggi sedikit hari ini dengan para pelabur mengambil petunjuk daripada trend menaik yang kukuh dalam prestasi semalaman Wall Street, kata para peniaga. Pada pukul 5 petang, Indeks Komposit FTSE Bursa Malaysia (FBM) Kuala Lumpur yang dibuka 2.87 mata lebih tinggi pada 1,314.62, naik 4.28 mata kepada 1,316.03 berbanding penutup semalam iaitu 1,311.75.Para peniaga berkata indeks utama dirangsang oleh perolehan yang dicatatkan oleh konglomerat Sime Darby sebanyak lapan sen kepada RM7.72 dan CIMB lima sen kepada RM7.05. Di  pasaran tempatan, terdapat banyak lagi ruang untuk keyakinan pasaran dan paras sokongan untuk indeks utama ialah pada 1,300 dan halangan 1,320, kata peniaga itu. Indeks Perusahaan menokok 12.02 mata kepada 2,601.27, Indeks Perladangan menambah 3.47 mata kepada 6,249.78 dan Indeks Kewangan lebih tinggi 52.2 mata kepada 11,892.76. Indeks FBM Emas menokok 33.12 mata kepada 8,878.09, Indeks FBM70 meningkat 54.98 mata kepada 8,887.03 dan Indeks FBM Ace menambah 12.48 mata kepada 3,769.85. Saham-saham untung mengatasi saham rugi dengan 365 berbalas 242 sementara 275 kaunter tidak berubah, 478 tidak diniagakan dan 23 yang lain digantung urus niaga. Jumlah dagangan turun kepada 532.634 juta saham tetapi nilai mengembang kepada RM971.134 juta berbanding 539.611 juta saham bernilai  RM919.148 juta semalam. Antara saham aktif, Sunway REIT kerugian 1.5 sen kepada 88.5 sen, Sinotop OR turun satu sen kepada satu sen, SAAG Consolidated naik setengah sen kepada lapan sen dan PJI Holding  lebih rendah setengah sen kepada 12 sen. Jumlah dagangan di Pasaran Utama meningkat kepada 489.382 juta saham bernilai RM963.515 juta berbanding 478.591 juta saham bernilai RM907.679 juta semalam. Perolehan dagangan di Pasaran ACE, bagaimanapun susut kepada 26.461 juta unit bernilai RM3.996 juta daripada 45.947 juta unit bernilai RM8.967 juta. Waran pula lebih tinggi pada 14.23 juta bernilai RM1.706 juta daripada 12.334 juta bernilai RM1.295 juta. Produk-produk pengguna menguasai 60.245 juta saham yang diniagakan di Pasaran Utama, produk perusahaan 71.833 juta, pembinaan 34.817 juta, urus niaga dan perkhidmatan 145.605 juta, teknologi 18.711 juta, infrastruktur 8.599 juta, kewangan 32.566 juta, perhotelan 525,400, hartanah 26.136 juta, perladangan 16.687 juta, perlombongan 28,000, REIT 73.527 dan dana tertutup 103,700. - Bernama

Technical View 08 July 2010

Most of the regional stock markets recorded marginal losses yesterday, which could reflect the disappointment over the US market’s performance on Tuesday as the key indices failed to hold on to most of their impressive gains towards the closing. Anyhow, the FBM KLCI still experienced a bit of follow-through buying yesterday.
We still maintain our bearish stance on the near-term technical outlook of the FBM KLCI after the index violated the short-term uptrend line. The immediate trend is obviously still down after the market  created the “Bearish Harami”. Also do not forget that the benchmark made three failed attempts to break above the 1,350 pt-level, which led to it breaking below the critical “Neckline” support.
From the current level, the 1,298-1,303 pt-area is the immediate support while next support is seen at the 200-day MAV line, which now lies at the 1,284 pt-level. To the upside, immediate resistance lies at 1,318 pt-level, followed by the 1,330 pt-level.

Market Review

Index higher on selective buying. The FBM KLCI ended 4.67 pts higher at 1,311.75 on selective buying in heavyweight counters, pushing the key index into positive territory. Nevertheless, losers outnumbered gainers by 307 to 275 while 272 counters were unchanged, 507 untraded and 25 suspended. Among today’s key market news are Kencana wins a RM201m job, Genting is now the sole bidder for a lottery deal after two US-based firms were disqualified, EON Cap to table HLB’s offer at an EGM, Khazanah is said to be seeking loans to boost its Parkway bid, Syabas asked bondholders’ indulgence for a RM300m to RM400m soft loan from the Government, India's firms involved in pharmaceuticals and biotechnology said to be investing RM2bn in Malaysia while Carrefour Malaysia and Singapore deny exit report. Overnight, the DJIA surged back above the 10,000 pt-mark while the dollar and treasuries slid as growth in US retail sales bolstered optimism on the coming earnings season and speculated that European banks will pass stress test. These positive developments may give a fillip to the local and regional bourses today.

Bursa ditutup bercampur-campur

KUALA LUMPUR 7 Julai - Harga-harga saham di Bursa Malaysia ditutup bercampur-campur hari ini  dengan belian di kaunter berwajaran tinggi terpilih menaikkan indeks utama ke wilayah positif, kata para peniaga. Indeks Komposit FTSE Bursa Malaysia (FBM) Kuala Lumpur ditutup 4.67 mata lebih tinggi pada 1,311.75 selepas bergerak antara 1,304.61 dan 1,311.83. Ia dibuka 1.11 mata lebih rendah pada 1,305.97. Seorang peniaga berkata kedudukan pasaran masih negatif dengan kebanyakan pelabur masih kurang yakin terhadap pemulihan ekonomi dunia.Indeks Perusahaan menokok 18.99 mata kepada 2,589.25 dan Indeks Perladangan meningkat 33.3 mata kepada 6,246.31 namun Indeks Perusahaan susut 11.351 mata kepada 11,840.56. Indeks FBM Emas menambah 26.85 mata kepada 8,844.97 dan Indeks FBM70 menokok 23.75 mata kepada 8,832.05 namun Indeks FBM Ace susut 9.63 mata kepada 3,757.37. Kaunter rugi mengatasi  kaunter untung sebanyak 307 berbanding 275 manakala 272 kaunter tidak berubah, 507 tidak diniagakan dan 25 yang lain digantung. Jumlah dagangan susut kepada 539.611 juta saham bernilai RM919.148 juta berbanding 622.073 juta saham bernilai RM970.018 juta semalam. Antara saham aktif, PJI Holdings menokok dua sen kepada 12.5 sen, Sinotop-OR susut satu sen kepada dua sen, AirAsia meningkat dua sen kepada RM1.34 manakala Genetec Tech turun 3.5 sen kepada 26 sen. Saham berwajaran tinggi, Maybank,  CIMB dan Maxis masing-masing tidak berubah pada RM7.54, RM7.00 dan RM5.33, manakala Sime Darby meningkat 14 sen kepada RM7.64. Jumlah dagangan di Pasaran Utama berkurangan kepada 478.591 juta saham bernilai RM907.679 juta berbanding 536.700 juta saham bernilai RM952.672 juta semalam. Perolehan dagangan di Pasaran ACE turun kepada 45.947 juta unit berbanding RM8.967 juta daripada 63.516 juta unit  bernilai RM13.398 juta. Warran susut kepada 12.334 juta bernilai RM1.295 juta berbanding 19.566 juta bernilai RM2.242 juta. Barangan pengguna menyumbang sebanyak 85.061 juta saham yang diniagakan di   Pasaran Utama, barangan industri 78.781 juta, pembinaan 38.724 juta, perdagangan dan perkhidmatan 181.420 juta, teknologi 13.498 juta, infrastruktur 7.545 juta, kewangan 31.679 juta, hotel 164,500, hartanah 31.979 juta, perladangan 8.777 juta, perlombongan 65,600, REIT 816,900 dan dana tertutup 78,000.- Bernama

Technical View 07 July 2010

Most of the regional stock markets rebounded yesterday. We believe there were expectations of the US market being ripe for a technical rebound after the DJIA recorded losses in nine out of the past 10 sessions.  Yesterday, the FMB KLCI had more or less recovered Monday’s losses but the rebound did not alter the current bearish technical landscape.
The key index appears to be still trading below the short-term uptrend line. The near-term technical outlook of the FBM KLCI is firmly bearish. The “Bearish Harami” has been confirmed by the breakdown from the uptrend line.
From the current level, the 1,298-1,303 pt-area is the immediate support while next support is seen at the 200-day MAV line, which now lies at the 1,284 pt-level. To the upside, an immediate resistance lies at the 1,307/1,308 pt-level, followed by the 1,318 pt-level.

Market Review 07 July 2010

Bargain hunting. The FBM KLCI closed 7.58 points higher at 1,307.2 points on the back of bargain hunting activities and optimism of stronger-than-expected corporate earnings in the upcoming 2QCY reporting season. Today’s corporate news include: Primus’ law suit against the board members and certain shareholders of  EONCap has been fixed for 17 Aug, the Government will proceed with feasibility studies on the proposed MRT, Top Glove has agreed to an out of court settlement with Tillotson with regard to patent infringement,  PLUS has proposed a lane extension on certain stretches of the North South expressway worth RM1.4bn, and Lion industries has entered into a JV for the extraction of metal. Overnight, the Dow Jones closed 0.6% higher after having declined by 7% over the past 2 weeks. A stronger than expected earnings reporting season could provide the catalyst for further market uptrend.

Belian saham murah dagangan Bursa tinggi

KUALA LUMPUR 6 Julai - Harga saham di Bursa Malaysia ditutup tinggi hari ini disokong oleh kegiatan membeli semasa saham berharga murah di kaunter saham wajaran tinggi, kata para peniaga. Indeks Komposit Kuala Lumpur FTSE Bursa Malaysia (FBM KLCI) naik 0.6 peratus atau 7.58 mata lebih tinggi pada 1,307.08 semasa ditutup setelah dibuka 2.19 mata lebih rendah Indeks utama bergerak antara 1,299.50 dan 1,307.22 mata sepanjang hari. Peniaga-peniaga berkata pasaran tempatan mengambil petunjuk daripada aliran menaik di bursa serantau seperti China, Jepun, Hong Kong, Taiwan dan Korea. Indeks Perusahaan meningkat 7.74 mata kepada 2,570.26, Indeks Kewangan menokok 43.33 mata kepada 11,851.91  manakala Indeks Perladangan menambah 37.79 mata kepada 6,213.00. Indeks FBM Emas naik 49.58 mata kepada 8,818.12, Indeks FBM Ace menambah 19.81 mata kepada 3,767.00 manakala FBM70 meningkat  34.49 mata kepada 8,808.30. Saham untung mengatasi rugi pada 406 berbanding 195 manakala 272 kaunter tidak berubah, 488 tidak didagangkan dan 25 yang lain digantung. Jumlah dagangan naik kepada 622.073 juta saham bernilai RM970.018 juta, berbanding semalam pada 449.510 juta saham bernilai RM717.915 juta. Antara saham aktif, Sinotop-OR kekal tiga sen, Talam Corp naik setengah sen kepada 12 sen, Gamuda- Warrants meningkat 7.5 sen kepada RM1.05 manakala Genetec Tech turun dua sen kepada 29.5 sen. Jumlah dagangan di pasaran utama meningkat kepada 536.700 juta saham, bernilai RM952.672 juta,  berbanding dengan 390.352 juta saham, bernilai RM708.012 juta, yang diniagakan semalam. Di Pasaran ACE pula, perolehan dagangan menambah kepada 63.516 juta unit, bernilai RM13.398 juta, daripada 40.319 juta unit, bernilai RM5.645 juta, yang dicatatkan sebelumnya. Jumlah dagangan waran lebih tinggi  pada 19.566 juta saham, bernilai RM2.242 juta, daripada Isnin pada 15.030 juta saham, bernilai RM1.597 juta. Barangan pengguna menguasai 109.636 juta saham yang didagangkan di Pasaran Utama, barangan perusahaan 74.117 juta, pembinaan 60.973 juta, dagangan dan perkhidmatan 153.370 juta, teknologi 23.874 juta, infrastruktur 13.823 juta, kewangan 39.740 juta, hotel 568,500, hartanah 51.551 juta, perladangan 7.879 juta, perlombongan 172,000, REIT 882,000 dan dana tertutup 116,500. - Bernama

Seminar Jutawan Saham di Swiss Inn Sg Petani 11 Julai 2010...

Siri Seminar Jutawan Saham kini lebih memfokuskan kepada para pelabur ekuiti di Malaysia iaitu dari segi  Memahami pelaburan, dan  Merancang kewangan. Diatas permintaan ramai menerusi seminar dan juga panggilan telefon, seminar jutawan saham akan lebih tertumpu kepada mereka yang masih diperingkat baru mengenali dunia pasaran saham. Seminar Jutawan Saham akan memfokuskan mengenai: 1. Apa yang dimaksudkan dengan pelaburan 2. Jenis-jenis pelaburan Seterusnya, seminar akan lebih memberi tumpuan kepada: 1. Nilai kedudukan kewangan anda 2. Menyediakan pelan kewangan sendiri 3. Memahami risiko pelaburan 4. Mempelbagaikan pelaburan anda 5. Profil risiko anda 6. Pemikiran yang rasional 7. Mengawasi pelaburan anda Disamping itu anda akan didedahkan dengan: 1. Untuk melabur dengan bijak, apa yang jangan dan yang mesti dilakukan 2. Waspada dengan beberapa peraturan dagangan. Disamping itu, para peserta seminar akan dilengkapi dengan ilmu analisis teknikal melalui Japanese Candlestik dengan memberi penekanan terhadap Konsep Dan Zanger serta ilmu analisis fundamental... dimana akan dikongsikan cara2 mengenalpasti prestasi sesebuah syarikat dengan cara yang mudah dan betul. Diakhir seminar akan diperkenalkan konsep baru pelan pelaburan melalui projek X-traVaganza... Lokasi seminar terkakat ialah: Ahad ini, 11 Julai 2010 di Swiss Inn Sg Petani, Kedah dan di Suria City Hotel Johor Bahru pada hari Sabtu, 17 Julai 2010. lain2 lokasi ialah seperti didalam jadual diatas... Masa Seminar: 10 pagi - 5 Petang Bayaran : RM360 seorang (kini dalam tempuh PROMOSI RM280 seorang), Percuma Buffet Makan Tengahari, Minum Petang, nota-nota dan cenderamata khas... Bekas peserta Seminar/bengkel Jutawan Saham - diberikan diskaun 20% Tarikh: sila hubungi/sms: 017-6627107

Technical View 06 July 2010

As the US market was closed overnight and the regional equity markets were lackluster yesterday, it was pretty much the local market factors that drove the FBM KLCI. Sime Darby was pressured with heavy selling all of the sudden in the afternoon, leading the market lower by nearly 8 pts. After last Friday, two stocks in the top volume list namely Sime Darby and Sinotop, succumbed to heavy selling yesterday. As we mentioned before, we have not seen stocks facing such heavy selling among those in the top volume for many months.
The key index is continuing to go lower after creating the “Bearish Harami”. The bearish reversal pattern has been confirmed by the breakdown from the short-term uptrend line. Since then, the FBM KLCI has been trending lower, which is basically in line with what we would expect after the index violated the short-term uptrend line. The near-term technical outlook of the FBM KLCI is firmly bearish.
From the current level, the 1,298-1,303 pt-area is the immediate support while next support is seen at the 200-day MAV line, which now lies at the 1,284 pt-level. To the upside, an immediate resistance lies at the 1,307/1,308 pt-level, followed by the 1,318 pt-level.

Market Review

Below 1300. The FBM KLCI held up well in the morning session only to succumb to some selling pressure in the afternoon. Overall market breadth was negative, with the number of losers beating gainers almost 2-to-1.  Some of the major corporate headlines today are: (i) Carrefour’s operations in Malaysia, Singapore and Thailand are reportedly up for sale for USD1bn; (ii) Mah Sing in a land deal to develop a piece of land in Kinrara, Selangor and (iii) Naim bags a RM40m jetty contract in Tanjung Manis, Sarawak. US markets were closed yesterday for Independence Day but European markets fell on renewed concerns over the Europenan financial crisis. We expect investors to remain on the sidelines in search of fresh leads, with the market likely to extend its range bound pattern. The start of the US reporting season next week will be closely monitored as with Bank Negara’s stance on the economy at the policy meetinglater this week.

Tekanan jualan Bursa ditutup rendah

KUALA LUMPUR 5 Julai - Harga saham di Bursa Malaysia ditutup lebih rendah hari ini selepas ditarik turun oleh tekanan jualan ke atas saham berwajaran tinggi terpilih, terutama saham kewangan dan perladangan, kata para peniaga. Indeks Komposit FTSE Bursa Malaysia Kuala Lumpur (FBM KLCI) turun 7.94 mata untuk ditutup kepada 1,299.50. Ia dibuka turun 1.93 mata kepada 1,305.51. Seorang peniaga berkata prestasi lembap di Wall Street pada minggu lepas melembapkan kerancakan pasaran apabila para pelabur  bimbang mengenai kemajuan ekonomi global. Katanya kejatuhan saham perladangan adalah berikutan penurunan harga hadapan minyak sawit. Bagaimana pun, beliau berkata masih terdapat ruang bagi merasa optimis di dalam pasaran. Indeks Perusahaan merosot 31.75 mata kepada 2,562.52, Indeks Kewangan turun 63.65 mata kepada 11,808.58 dan Indeks Perladangan turun 8.06 mata kepada 6,175.22. Indeks FBM Emas turun 53.53 mata kepada 8,768.54, Indeks FBM Ace rugi 37.27 mata kepada 3,747.19 dan FBM70 merosot 59.24 mata kepada 8,773.81. Kaunter rugi mengatasi kaunter untung sebanyak 425 kepada 182 manakala 270 kaunter kekal tidak berubah, 484 tidak diniagakan dan 25 yang lain digantung. Jumlah dagangan merosot kepada 449.510 juta saham bernilai RM717.915 juta daripada 626.192 juta saham bernilai RM974.284 juta Jumaat lepas. Di kalangan kaunter aktif, Sinotop-OR turun 1.5 sen kepada 3.0 sen,  Talam Corp turun 0.5 sen kepada 11.5 sen, Gamuda-Waran turun 5.5 sen kepada 97.5 sen dan Integrated Rubber Corp rugi 4.5 sen kepada 59.5 sen. Perolehan di Pasaran Utama turun kepada 390.352 juta saham bernilai RM708.012 juta daripada 553.291 juta saham bernilai RM960.760 juta Jumaat lepas. Pasaran ACE meningkat kepada 40.319 juta unit bernilai RM5.645 juta daripada 37.424 juta unit bernilai RM4.701 juta sebelum ini. Perolehan waran merosot kepada 15.030 juta saham bernilai RM1.597 juta daripada 28.022 juta unit bernilai RM3.168 juta. Produk pengguna mencatatkan 70.919 juta saham diniagakan di Pasaran Utama,  produk perusahaan 62.39 juta, pembinaan 49.889 juta, dagangan dan perkhidmatan 106.240 juta, teknologi  14.506 juta, prasarana 6.489 juta, kewangan 27.863 juta, hotel 556,700, hartanah 40.694 juta, perladangan 9.257 juta, perlombongan sifar, REIT 1.438 juta dan dana tertutup 111,500.

- Bernama

Technical View 05 July 2010

The stock market’s performance has been lackluster following the creation of the “Bearish Harami” and more so after the key index violated the uptrend line. It was not an important trading day as far as the FBM KLCI is concerned as the index was trading within a very tight range. Nevertheless, a few stocks in the top-volume list succumbed to rather heavy selling pressure. To our best memory, we have not seen such phenomena for many months.

Last week, the breakdown from the short-term uptrend line basically confirmed the “Bearish Harami”. The near-term technical outlook of the FBM KLCI is firmly bearish.

To the upside, there is immediate resistance at the 1,318 pt-level, followed by the 1,335 pt-level. The 1,307/1,308 pt-level is still the immediate support for the market. Further away, watch out for the 1,298-1,303 pt-area as the next support.

Market Review

Ending lower. The FBM KLCI was lower by 1.32 points to 1,307.44 on limited buying interest due to the lack of fresh leads. Telekom Malaysia Bhd expects 6%-8% of the 750k premises to be connected to UniFi by year-end. Maybank Islamic Bhd expects 20%-30% growth for both deposits and financing for FY11 following the improved economic environment. Lafarge SA may sell its stake in Lafarge Malaysia Cement Bhd of up to 11.2%. Putrajaya Perdana Bhd was awarded a contract worth RM321.5m by The Intermark SB to complete a redevelopment project in Kuala Lumpur while Petra Energy Bhd has obtained an Islamic financing facility worth RM35m from OCBC Al Amin Bank Bhd to part finance the advances from Petra Perdana Bhd. Finally, the US markets and crude oil price ended lower following the weaker-than-expected June jobs report. Crude oil price closed USD0.81 lower to USD72.14/barrel.

Harga saham dijangka dalam jajaran sempit

KUALA LUMPUR 4 Julai - Harga saham di Bursa Malaysia kemungkinan diniagakan di dalam jajaran yang sempit pada minggu depan dengan para pelabur dijangka terus berada di luar pasaran berikutan kemunculan banyak berita negatif di dalam ekonomi global, kata para peniaga. Dagangan kemungkinan kecil pada minggu depan berikutan wujud kebimbangan mengenai keadaan ekonomi global, kata seorang peniaga. "Tidak terdapat berita positif pada masa ini dan ini akan berterusan untuk melembapkan sentimen para pelabur. "Dengan meningkatnya kebimbangan mengenai keadaan ekonomi global, laporan pekerjaan AS akan diawasi  dengan teliti bagi melihat sama ada wujud petunjuk baharu pada kekukuhan pemulihan ekonomi AS," kata peniaga itu. Peniaga itu berkata, para pelabur turut bimbang mengenai ekonomi China selepas rentak pertumbuhan pengeluaran China bertukar perlahan pada Jun. Bagaimana pun, seorang peniaga lain berkata kerugian di Bursa tempatan dapat disekat oleh pembelian berterusan oleh dana tempatan. "Para pelabur runcit  dan dana asing akan terus mengurangkan pegangan masing-masing tetapi kerugian akan terhad kepada sekongan dari dana tempatan. Peniaga itu menjangka Indeks Komposit FTSE Bursa Malaysia Kuala Lumpur  (FBM KLCI) akan kekal pada paras 1,300 mata pada minggu depan di tengah-tengah minat terhadap kaunter berkaitan penggunaan domestik. Saham yang diberi fokus ialah yang berkaitan pengguna, penjagaan kesihatan dan alat ganti auto yang berkaitan pengguna domestik," kata peniaga itu. "Tahap sokongan dijangka pada paras 1,300 mata manakala halangan pada paras 1,250. Para peniaga sepatutnya membuat jualan singkat indeks hadapan, kumpul dengan memberikan kedudukan opsyen dan pegang sekurang-kurangnya tiga bulan," kata peniaga itu. Bagi minggu yang baharu berakhir, FBM KLCI ditutup turun 1.32 mata kepada 1,307.44. Berasaskan Jumaat ke Jumaat, FBM KLCI turun 19.01 mata kepada 1,307.44 berbanding dengan 1,326.45 sebelum ini. Indeks FBM Emas turun 133.98 mata kepada 8,822.07 daripada 8,956.05, FBM70 turun 122.65 mata kepada 8,833.05 daripada 8,955.70 manakala Indeks FBM Ace merosot 82.44 mata kepada 3,784.46 daripada 3,866.90. Indeks Kewangan rugi 74.16 mata kepada 11,872.23 daripada 11,946.39, Indeks perladangan turun 113.37 mata kepada 6,183.28 daripada 6,296.65 manakala Indeks Perusahaan rugi 62.5 mata kepada 2,594.27 daripada 2,656.77. Sejumlah 3.024 bilion saham bernilai  RM4.822 bilion diniagakan pada minggu ini, yang turun daripada 3.596 bilion saham bernilai RM5.733 bilion sebelum ini. Jumlah dagangan di Papan Utama turun kepada 2.698 bilion saham bernilai RM4.763 bilion daripada 3.184 bilion saham bernilai RM5.643 bilion sebelum ini. Jumlah dagangan Pasaran ACE juga dicatatkan rendah kepada 161.644 juta saham bernilai RM22.126 juta daripada 240.092 juta saham bernilai  at RM40.142 juta. Waran panggilan meningkat kepada 135.217 juta unit bernilai RM16.527 juta daripada 131.467 juta unit bernilai RM21.059 juta sebelum ini. - Bernama

Technical View 02 July 2010

The FBM KLCI’s short-term uptrend line was finally violated two days ago. The breakdown basically suggests that the uptrend created following the formation of the “Bullish Engulfing” pattern has come to an end. The violation of the uptrend line also confirmed the formation of the “Bearish Harami”.
The index finally failed to hold up above the uptrend line as the market was being constantly pressured by the weakening US market. We stated previously that the US market’s near-term technical outlook will remain bearish at below the 10,700 pt-level and are now revising our nearterm technical view on the FBM KLCI back to bearish.
To the upside, there is immediate resistance at the 1,318 pt-level, followed by the 1,335 pt-level. The 1,307/1,308 pt-level is still the immediate support for the market. Further away, watch out for the 1,298-1,303 pt-area as the next support.