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Seminar Jutawan CPO edisi emas...

Market Review

Healthy technical correction? The FBM KLCI ended at 1,566.51, down 3.53 pts on an extended technical sell-off of most counters, especially financial and small-cap stocks. Market breadth was negative, with losers beating winners 545 to 293 while 270 counters were unchanged, 283 untraded and 36 suspended. Among the key market news are the persistently high prices of coal could cut the TNB's 2011 earnings by as much as 20%, OSK eyes Thai brokerage, Perak MB said Vale project may cost up to RM14bn and likely to start in July or August, EPF buys London’s Fleet Street at RM720m, Bina Puri unit wins RM62.8m contract,  Puncak Niaga fails to get Indian jobs, OilCorp set to be delisted on 25 Jan 2011, and Nepline Bhd, Maxbiz Corp Bhd and Prime Utilities Bhd reprimanded for breaching various regulations. Overnight, US stocks erased most of their losses as Morgan Stanley, Home Depot Inc. and builders rallied, DJIA closed almost unchanged at 11,811.8. However, as the Singapore and Hong Kong bourses posted their biggest drop in many weeks yesterday, we expect to see some selling pressure in local bourse today.

Nota dari LT International Futures (M) Sdn Bhd

Technical View

The FBM KLCI continued to consolidate healthily following a gain of some 45 pts in the first week of the year. Although the market shed 4.45 pts yesterday, the market action was still confined within the recent consolidation range. Thus far, the market has been able to retain most of the 45 pts of gains. The FBM KLCI has not only been trending sideways in a constructive manner for more than a week, but what is more important is that the index has remained within the uptrend channel. This is because we view market action within the uptrend channel as insignificant as we will continue to expect the FBM KLCI to trend higher as long as it maintains a posture within the channel. Meanwhile, the index’s current constructive posture is a signal that there is a great possibility that it would be able to create a new record high soon. From the current level, the 1,572 pt-level is the immediate resistance. To the downside, immediate support still lies at the 1,551 pt-level,  followed by the 1,532 pt-level.

Market Review

Consolidation. The market shed 4.45 points to close at 1,570.04 points, with Petronas Chemical and Petronas Dagangan being the main drag. Market volume moderated marginally to 1.704bn shares traded. Today’s notable corporate headlines are Proton being in talks with various banks to raise RM2.35bn for funding requirements to help revive Lotus, Khazanah Nasional to start inviting bids to divest its 32.2% stake in Pos Malaysia, KPJ Healthcare to acquire two medical centres for RM28.1m, a property company from the Persian Gulf is looking at listing a REIT valued at RM833m on Bursa Malaysia and KNM receiving another 4-year extension for its term loan facility worth RM351.3m with Maybank. Taking the cue from relatively strong set of corporate results released in the US and the positive sentiment on Dow overnight, we expect the overall undertone for our market to remain positive today.

Technical View

Last week’s retracement back below the RM3,750 / tonne level indicates that the CPO market had experienced another failed breakout attempt at this level. After CPO prices tumbled sharply in 1Q08, there were actually four major failed rebound attempts at the RM3,750 / tonne level in the 4 months that followed. Hence, last week’s action represents another failed attempt at this level after more than 2 years.
Anyhow, the failed breakout attempt at the RM3,750 / tonne level has not altered the market’s solid rising trend. CPO price are still expected to extend higher aggressively in the near future as long as it stays above the uptrend line as is indicated in the above daily chart.
Even if the uptrend line is violated, the breakdown will not alter our longer-term outlook towards the CPO market. As we mentioned many times before, the breakout from the RM2,800/tonne level, which coincided with the breakout from the “Ascending Triangle”, had substantially improved the CPO futures’ technical landscape. The mid-term technical outlooks of the CPO market will remain bullish as long as prices stay above the RM2,700-RM2,800/tonne area.
From the current level, there is immediate resistance at the RM3,750 / tonne level, followed by the RM4,000 / tonne level. To the downside, immediate support is seen at the RM3,471 / tonne level.

Market Review

Hanging on. The market traded in a typical range bound fashion yesterday but managed to eke out a 4.6-pt  gain to close at the new record of 1574.49 pts. The volume of shares traded remained brisk, with the likes of Digi, Petronas Chemicals and Maybank driving the underlying index higher. Among the corporate headlines for today: (i) Hing Yiap has received an unconditional takeover offer from Everest Hectare for RM1.50/share; (ii) SP Setia to undertake a mixed commercial and residential project in Bangsar, and (iii) Southern Steel’s net profit contracted 62.4% y-o-y in 4QFY10 on lower margins. The prevailing bullish undertone should sustain the local bourse’s positive momentum today. Investors will take the cue from the slew of results set to be announced in the US by end of the week to gauge the earnings recovery prospects.

FBM KLCI catat paras tertinggi baru

KUALA LUMPUR 17 Jan - Bursa Malaysia ditutup teguh hari ini dengan indeks utama berada pada paras tinggi baharu, dirangsang oleh keuntungan dalam saham-saham kewangan dan saham mewah di celah-celah belian asing yang menggalakkan, kata para peniaga.

Indek Komposit FTSE Bursa Malaysia KLCI (FBM KLCI) bagi 30 saham menokok 4.6 mata atau 0.3 peratus untuk ditutup pada 1,574.49, melepasi paras tinggi 1,572.21 yang dicatatkan pada 7 Jan, 2011.Ia dibuka 3.58 mata lebih tinggi pada 1,573.47.

Indeks Kewangan menokok 65.80 mata kepada 14,385.47 dan Indeks Perindustrian lebih tinggi 4.64 mata kepada 2,932.94.Indeks Perladangan, bagaimanapun, susut 9.09 mata kepada 8,230.58.Indeks FBM Emas mengukuh 26.51 mata kepada 10,855.31 dan Indeks FBM Ace menambah 26.51 mata kepada 10,855.31.Indeks FBM70, bagaimanapun, lebih rendah 0.4 mata kepada 11,655.43.

Saham-saham untung mengatasi saham rugi dengan 412 berbalas 410 sementara 312 kaunter tidak berubah, 247 tidak diniagakan dan 26 yang lain digantung.

Jumlah dagangan berkurangan kepada 1.907 bilion saham bernilai RM2.201 bilion daripada 2.144 bilion saham bernilai RM2.537 bilion Jumaat lepas.

Mendahului kaunter aktif ialah SAAG Consolidated, yang mengukuh satu sen kepada 13.5 sen.

Benalec yang baharu disenaraikan, sebuah syarikat penyedia perkhidmatan carter kapal dan pembinaan marin bersepadu, menambah 34 sen kepada RM1.34.

Ia mula disenaraikan di Pasaran Utama Bursa Malaysia dengan premium 36 sen daripada harga tawaran RM1 sesaham.

KUB mengembang 11 sen kepada 91.5 sen, Ho Wah Genting menokok empat sen kepada 47.5 sen dan Talam Corp meningkat separuh sen kepada 11 sen.

Di kalangan saham berwajaran tinggi, Maybank naik lapan sen kepada RM8.97, CIMB Group menambah tujuh sen kepada RM8.80, Sime Darby kekal pada RM9.35 dan Petronas Chemical lebih tinggi 20 kepada RM6.35.

Di pasaran utama, jumlah dagangan turun kepada 1.644 bilion saham bernilai RM2.142 bilion daripada 1.821 bilion saham bernilai RM2.466 bilion Jumaat lepas.Perolehan dagangan di Pasaran Ace mengembang kepada 102.497 juta saham bernilai RM14.553 juta daripada 93.226 juta saham bernilai RM16.416 juta.

Jumlah dagangan waran pula merosot kepada 146.805 juta saham bernilai RM38.533 juta daripada 216.508 juta saham bernilai RM51.346 juta sebelumnya.- Bernama

Market Review

A lift from heavyweights. The FBM KLCI jumped 5.07 pts, or 0.32%, to 1,571.56 pts, backed by gains in selected blue chips. Volume increased to 2.7bn shares valued at RM3bn. Today’s key market news are Suria Capital bags a RM1bn job to build a 300MW combined cycle gas turbine gas-fired power plant project in Sabah, the Perak state government is considering setting up its own low-cost carrier terminal (LCCT) in the northern part of the state, JCorp plans a group-wide transformation, MMM’s RM20m debt written off,  approval in writing for the Langat 2 plant still pending and standalone brokers can now get 1+1 status.  Overnight, US stocks fell, pulling the DJIA to 11,731.9, or 23.54 pts lower, as initial jobless claims rose more than estimated. We expect the market to continue to trade sideways pending major fresh leads.

Saham mewah naik dagangan Bursa tinggi

KUALA LUMPUR 13 Jan - Harga saham di Bursa Malaysia ditutup lebih tinggi hari ini, selepas disokong oleh kenaikan harga saham berwajaran tinggi yang diterajui oleh Genting, kata para peniaga.

Sehingga jam 5 petang, FTSE Bursa Malaysia KLCI (FBM KLCI) menokok 5.07 mata atau 0.32 peratus kepada 1,571.56. Ia dibuka meningkat 4.25 mata kepada 1,570.74.Para peniaga berkata keyakinan para pelabur dirangsang oleh perangkaan ekonomi yang positif dari zon euro dan pasaran AS.

Indeks Kewangan menokok 37.92 mata kepada 14,341.11, Indeks Perladangan menokok 35.73 mata kepada 8,243.65 dan Indeks Perusahaan menokok 16.74 mata kepada 2,923.83.

Indeks FBM Emas menokok 48.70 mata kepada 10,854.89, Indeks FBM70 melonjak 101.58 mata kepada 11,729.77. Indeks FBM Ace pula turun 27.49 mata kepada 4,425.08.

Kaunter untung mengatasi kaunter rugi sebanyak 528 kepada 341 manakala 305 tidak berubah, 210 tidak diniaga dan 31 yang lain digantung.

Jumlah dagangan meningkat kepada 2.704 bilion saham bernilai RM3.001 bilion berbanding dengan 2.473 bilion saham bernilai RM2.703 bilion semalam.

Mendahului saham paling aktif ialah Karambunai yang meningkat 1.5 sen kepada 22.5 sen. SAAG Consolidated turun 0.5 sen kepada 13.5 sen manakala Compugates tidak berubah pada harga 7.0 sen.

Antara saham paling untung, British American Tobacco melonjak RM1.30 kepada RM48.48, JT International meningkat 35 sen kepada RM6.60, Mudajaya meningkat 31 sen kepada RM5.20 dan Boustead Holdings menokok 28 sen kepada RM5.91.

Di kalangan saham berwajaran tinggi, CIMB turun 1.0 sen kepada RM8.77 manakala Maybank meningkat 1.0 sen kepada RM8.89.

Sime Darby meningkat 5.0 sen kepada RM9.35, Petronas Chemicals menokok 1.0 sen kepada RM6.03 dan Axiata menokok 2.0 sen kepada RM4.89.

Di pasaran utama, jumlah dagangan meningkat kepada 2.315 bilion saham bernilai RM2.911 bilion daripada 2.171 bilion saham bernilai RM2.636 bilion semalam.

Perolehan di Pasaran ACE meningkat kepada 113.475 juta saham bernilai RM16.341 juta berbanding dengan 100.844 juta saham bernilai RM14.461 sebelum itu.

Jumlah dagangan waran juga melonjak kepada 263.574 juta saham bernilai RM68.246 juta berbanding dengan 183.557 juta bernilai RM48.534 juta pada Rabu.- Bernama

Dari LT International Futures (M) Sdn Bhd

Market Review

The FBM KLCI gained 3.5 points yesterday on the back of gains chalked up by Genting, Genting Malaysia, Petchem, Tenaga and CIMB. The increase, though marginal, was in tandem with regional bourses, all of which were in positive territory. Overnight, the Dow jumped 83 points while the European markets were also broadly higher. It is likely that positive momentum will continue to lift the FBM KLCI today. Today’s news headlines are Pembinaan BLT, which is under the Ministry of Finance, is raising RM10bn worth of sukuk to fund the construction of police quarters and facilities, Tenaga Nasional signed two agreements worth RM2.1bn for its Ulu Jelai hydroelectric project, Faber received non-renewal notice for two of its contracts in Abu Dhabi worth RM184m annually, and SP Setia is said to be leading the race for the 30-year concession to build and operate the Penang International Convention Centre.

Belian berterusan Bursa ditutup tinggi

KUALA LUMPUR 12 Jan - Harga-harga saham di Bursa Malaysia ditutup tinggi hari ini, disokong oleh belian berterusan untuk saham-saham berwajaran tinggi, kata para peniaga.

Pada pukul 5 petang, KLCI FTSE Bursa Malaysia (FBM KLCI) naik 3.55 mata atau 0.23 peratus kepada 1,566.49, selepas dibuka 1.42 mata lebih tinggi pada 1,564.36.

Pasaran tempatan memulakan hari dengan nada positif di mana para pelabur mengambil petunjuk daripada penutup semalaman yang tinggi di Wall Street.

Indeks Kewangan merosot 5.70 mata kepada 14,303.19, Indeks Perladangan turun 5.44 mata kepada 8,207.92 dan Indeks Perusahaan lega 4.64 mata kepada 2,907.09.

Sementara itu, Indeks FBM Emas, mengukuh 41.13 mata kepada 10,806.19 dan Indeks FBM70 melonjak 118.35 mata kepada 11,628.19. Indeks FBM Ace bagaimanapun, turun 1.80 mata kepada 4,452.57.

Saham-saham untung mengatasi saham rugi dengan 460 berbalas 406 sementara 273 tidak berubah, 249 tidak diniagakan dan 39 yang lain digantung urus niaga.

Jumlah dagangan merosot kepada 2.473 bilion saham bernilai RM2.703 bilion daripada 2.706 bilion saham bernilai RM2.637 bilion semalam.

Antara saham yang paling aktif, Metronic Global merosot setengah sen kepada enam sen dan Talam Corporation lebih rendah satu sen kepada 11.0 sen tetapi SAAG Consolidated kekal pada 14 sen.

Saham-saham berwajaran tinggi pula, Maybank kerugian enam sen kepada RM8.88 sementara CIMB Group menokok satu sen kepada RM8.78.

Petronas Chemicals menambah empat sen kepada RM6.02 sementara Genting menambah 42 sen kepada RM11.84 tetapi Axiata turun satu sen kepada RM4.87.

Kaunter berkaitan minyak dan gas, SapuraCrest melonjak 33 sen kepada RM3.78, KNM naik 15 sen kepada RM3.17, Kencana menokok 13 sen kepada RM2.86 dan Dialog meningkat lima sen kepada RM2.21.

Di pasaran utama, jumlah dagangan berkurangan kepada 2.171 bilion saham bernilai RM2.636 bilion daripada 2.312 bilion saham bernilai RM2.550 bilion semalam.

Jumlah dagangan di Pasaran Ace merosot kepada 100.844 juta saham bernilai RM14.461 juta berbanding 209.847 juta unit bernilai RM35.773 juta sebelumnya.

Jumlah waran, bagaimanapun, mengukuh kepada 183.557 juta bernilai RM48.534 juta berbanding 171.528 juta saham bernilai RM45.296 juta sebelumnya.- Bernama

Market Review

Buying support kicks in. The FBM KLCI continued to succumb to mild profit taking, closing a marginal 0.58 points lower at 1,562.9 points, dragged down by PLUS. Trading volume on Bursa Malaysia remained high, rising to 2.6bn shares traded compared to 2.3bn the previous day. Today’s corporate news include the Government announcing 19 projects valued at RM67bn under the ETP for approval, Gas Malaysia is said to be looking at a listing on Bursa Malaysia, Top Glove expects to invest RM160m in Cambodia for rubber tree planting purposes and Low Yat group has proposed to purchase the entire assets and liabilities of AP Land for RM305m. Taking the cue from Wall Street’s positive overnight close of 34.4 points on expectations of a stronger than expected earnings reporting season, we expect out market to climb today.

Pengambilan untung Bursa bercampur-campur

KUALA LUMPUR 11 Jan - Harga-harga saham di Bursa Malaysia ditutup bercampur-campur hari ini dengan indeks utama kekal dalam wilayah negatif pada sepanjang hari berikutan aktiviti pengambilan untung ke atas saham-saham berwajaran tinggi terpilih, kata peniaga.

Pada 5 petang, FTSE Bursa Malaysia KLCI (FBM KLCI) susut 0.58 mata atau 0.04 peratus kepada 1,562.94 selepas dibuka 4.25 mata lebih rendah pada 1,559.27.

Seorang peniaga berkata pasaran dijangka dalam keadaan pembetulan minggu ini selepas peningkatan ketara minggu lepas.

Indeks Kewangan susut 31.41 mata kepada 14,308.89, Indeks Perladangan susut 13.14 mata kepada 8,213.36 dan Indeks Perusahaan turun 4.59 mata kepada 2,911.73.

Indeks FBM Emas menokok 3.33 mata kepada 10,765.06 dan Indeks FBM70 menambah 2.97 mata kepada 11,509.84.

Indeks FBM Ace bagaimanapun turun 27.89 mata kepada 4,454.37.

Kaunter untung mengatasi kaunter rugi sebanyak 437 berbanding 426 manakala 282 tidak berubah, 244 tidak diniagakan dan 37 digantung.

Jumlah dagangan meningkat kepada 2.706 bilion saham bernilai RM2.637 bilion berbanding 2.226 bilion saham bernilai RM2.800 bilion semalam.

Mengetuai saham untung ialah SAAG Consolidated, yang menokok setengah sen kepada 14 sen. Talam Corp menambah dua sen kepada 12 sen dan Karambunai meningkat satu sen kepada 21.5 sen.

Asia Media, yang mula disenarai di Pasaran ACE hari ini, meningkat 5.5 sen kepada 28.5 sen selepas dibuka pada 40 sen, atau 17 sen, melepasi harga penawaran pada 23 sen.

Antara saham berwajaran tinggi, Maybank dan CIMB Group masing-masing turun enam sen kepada RM8.94 dan RM8.77 manakala Sime Darby rugi satu sen kepada RM9.29.

Di Pasaran Utama, jumlah dagangan meningkat 2.312 bilion saham bernilai RM2.550 bilion berbanding 1.874 bilion saham bernilai RM2.721 bilion semalam.

Jumlah dagangan di Pasaran ACE meningkat kepada 209.847 juta unit bernilai RM35.773 juta berbanding 135.485 juta unit bernilai RM21.530 juta pada Isnin.

Jumlah waran berkurangan kepada 171.528 juta saham bernilai RM45.296 juta berbanding 206.981 juta saham bernilai RM52.951 juta sebelumnya.

- Bernama

Technical View

Unlike the last two sessions, the FBM KLCI eventually failed to hold on to part of the last week’s gains and ended the day with a los off about 9 pts. Nevertheless, yesterday’s retracement was not excessive considering that the index had put on some 45 pts on the first week of 2011.
As we mentioned last week, we have drawn the new resistance line which is projected from the uptrend line.  As a result, we have a new uptrend channel on the daily chart. In fact, we will view the market action within the uptrend channel as insignificant as we will continue to expect the FBM KLCI to trend higher as long as it maintains a posture within the channel.
At this stage, the resistance line is still very much at the assumption stage, being simply a projection from uptrend line 1. This is because we would need at least three connecting points to draw a trend line but the September peak is the only point we have now.
From the current level, last Friday’s intra-day high of 1,572 pts is still the immediate resistance. To the downside, immediate support lies at the 1,551 pt-level, followed by the 1,532 pt-level.

Market Review

The expected correction. After notching up a record high last week, the inevitable correction finally set in yesterday, with the FBM KLCI sliding over 8 points at the close. Regional markets were also not spared a broad sell-down, sparked by renewed concerns over inflationary threats with the Jakarta Composite Index leading the decline. The number of shares traded on Bursa Malaysia remained high at over 2.2bn, indicating possibly strong foreign participation. Jelas Ulung has failed to deposit the RM50m ahead of the 5pm deadline yesterday for its bid to be considered as one of the takeover offers for PLUS; (ii) Transmile will sell 4 aircraft for RM209m; and (iii) a subsidiary of SAAG has inked a RM239m contract to build a 40k tramway in Melaka. The market may trade range bound today in search of fresh leads, with investors also taking the cue from external  developments. Strong support is seen at 1551 pts. Overnight, the US markets finished weaker on concerns over European bank debt and the possible bailout of Portugal.A

Pengambilan untung Bursa ditutup tinggi

KUALA LUMPUR 10 Jan - Harga-harga saham di Bursa Malaysia ditutup lebih rendah hari ini berikutan aktiviti pengambilan untung selepas peningkatan kukuh lima hari berturut-turut, kata para peniaga.

Pada 5 petang, FTSE Bursa Malaysia KLCI (FBM KLCI) susut 8.69 mata atau 0.55 peratus kepada 1,563.52 selepas dibuka 2.43 mata lebih tinggi pada 1,574.64.

Peniaga berkata pasaran bermula positif hari ini tetapi jualan berterusan saham-saham mewah terpilih didorong saham berkaitan kewangan menyebabkan indeks utama itu ditutup pada kawasan negatif.

Indeks Kewangan susut 75.71 mata kepada 14,340.30, Indeks Perladangan susut 21.93 mata kepada 8,226.50 dan Indeks Perusahaan merosot 12.74 mata kepada 2,916.32.

Indeks FBM Emas jatuh 30.14 mata kepada 10,761.73, Indeks FBM Ace merosot 10.20 mata kepada 4,482.26 tetapi Indeks FBM70 naik 30.04 mata kepada 11,506.87.

Kaunter jatuh melebihi untung 478 berbanding 427 sementara 233 tidak berubah, 249 tidak didagangkan dan 38 digantung.

Jumlah dagangan merosot kepada 2.226 bilion saham bernilai RM2.800 bilion daripada 2.536 bilion saham bernilai RM3.454 bilion Jumaat lepas.

Di kalangan saham aktif, SAAG Consolidated naik tiga sen kepada 13.5 sen, Compugates Holdings meningkat setengah sen kepada tujuh sen sementara Hubline merosot satu sen kepada 23.5 sen.

Di kalangan kaunter berwajaran tinggi, CIMB Group dan Petronas Chemicals jatuh 10 sen setiap satu kepada RM8.83 dan RM5.86, Sime Darby merosot tujuh sen kepada RM9.30 dan Genting jatuh empat sen kepada RM11.26.

Di Pasaran Utama, jumlah dagangan menyusut kepada 1.874 bilion saham bernilai RM2.721 bilion daripada 2.115 bilion saham bernilai RM3.351 bilion Jumaat lepas.Waran merosot kepada 206.981 juta saham bernilai RM52.951 juta berbanding 292.271 juta saham bernilai RM74.636 juta sebelumnya.

Jumlah dagangan di Pasaran ACE, bagaimanapun, naik kepada 135.485 juta saham bernilai RM21.530 juta berbanding 112.671 juta saham bernilai RM22.547 juta Jumaat lepas.

Barangan pengguna menguasai 96.237 juta saham yang didagangkan di Pasaran Utama, produk perusahaan 329.424 juta, pembinaan 173.158 juta, dagangan dan perkhidmatan 843.967 juta, teknologi 35.690 juta, prasarana 17.057 juta, kewangan 100.740 juta, hotel 40.264 juta, harta 197.910 juta, perladangan 35.940 juta, perlombongan 660,800, REIT 2.519 juta dan dana tertutup 182,400. - Bernama

Technical View

Little has changed as far as the USD/RM’s near-term and mid-term technical outlooks are concerned. The only notable development of late is that the RM had just charted a new high since the introduction of the managed-float system. Not even the strong support floor created at the RM3.07/USD level could defend the selling pressure on the USD.
Our view towards the USD/RM currency market has been relatively straightforward. Thus far, we have been using the downtrend channel for guidance. Although the USD rebounded in November, the rebound only managed to reach the middle point of the downtrend channel. This means that the November rebound was just a bearish rebound within a downtrend. From then, the USD started to depreciate against the RM again.
Hence, with reference to the same downtrend channel drawn in the daily chart many months ago, the USD is expected to continue depreciating against the RM until the channel is violated. Hence, we feel that that the USD/RM outlook will remain firmly bearish as long as USD/RM continues to trade inside the downtrend channel.
From the current level, there is immediate resistance at the RM3.07/USD level, followed by the RM3.11/USD and RM3.19/USD levels. To the downside, there is immediate support at the recent low of RM3.06/USD level.

Market Review

Key index ends higher. FBM KLCI added 2.2 points to 1,568.37, holding up its winning streak for the fourth consecutive day as losses prompted by profit-taking were well absorbed. Gainers led losers 507 to 295 while 284 counters were unchanged, 239 untraded and 34 others were suspended. Trading volume amounted to 2.2bn shares worth RM3.bn. The key market news today are Maybank plans to take over Kim Eng for
up to SGD1.79bn, Selangor makes fresh offers worth over RM9bn to water players, sources said Ramunia is in talks to acquire Syarikat Borcos Shipping SB, Kulim to appoint chairman 5 days before EGM, Hap Seng shares will be suspended today pending the announcement of a major corporate exercise, and Gan Boon Ting resigns as Tasek chief executive. Overnight, the dollar rallied but US equities and oil were lower. The S&P’s 500 Index lost 0.2% to 1,273.85 as earnings valuations climbed to almost 16 times its companies’ operating earnings. We expect investors to stay sidelined pending fresh leads, and thus do not expect major movements in the key index today.

Bursa Malaysia terus catat rekod

KUALA LUMPUR 9 Jan - FTSE Bursa Malaysia KLCI (FBM KLCI) berjaya mencapai paras yang lebih tinggi pada saat-saat akhir dagangan, sekaligus mempertahan arah aliran meningkatnya bagi hari keempat berturut-turut apabila kejatuhan yang disebabkan oleh pengambilan untung diserap dengan baik.

Pada pukul 5 petang, FBM KLCI mencatatkan kenaikan 2.2 kepada 1,568.37 daripada 1,566.17 pada akhir dagangan semalamIndeks Kewangan menokok 21.57 mata kepada 14,425.19, Indeks Perusahaan menambah 0.87 mata kepada 2,927.43 dan Indeks Perladangan meningkat 27.75 mata kepada 8,301.71. Indeks FBM Emas mengukuh 47.9 mata kepada 10,755.98, Indeks FBM Ace menokok 4.35 mata kepada 4,427.14 dan Indeks FBM70 melonjak 152.07 mata kepada 11,431.74.

Saham untung mengatasi saham rugi dengan jumlah 507 berbanding 295 manakala 284 kaunter tidak berubah, 239 tidak diniagakan dan 34 yang lain digantung urus niaga.

Saham-saham diurus niaga berjumlah 2.204 bilion bernilai RM3.141 bilion, susut daripada 2.346 bilion bernilai RM3.69 bilion yang dicatatkan semalam.

Maybank, yang urus niaga sahamnya digantung pagi tadi, mengumumkan bahawa ia akan membeli 44.6 peratus kepentingan dalam firma broker saham yang berpangkalan di Singapura, Kim Eng Holdings Ltd, dengan harga RM1.9 bilion (S$798 juta).

Saham-saham Maybank akan diniagakan semula urus niaga esok pada pukul 9.00 pagi, setelah disebutharga kali terakhir pada RM9.01.

Kemunculan sulung Maxwell International dalam pasaran utama hari ini menyaksikan kaunter itu mengungguli saham-saham paling cergas hari ini. Ia naik 2.5 sen kepada 56.5 sen setelah dibuka bagi premium dua sen pada 56 sen.

Bagi saham-saham cergas yang lain, SAAG Consolidated menokok setengah sen kepada sembilan sen, Ramunia naik 1.5 sen kepada 59.5 sen, Pan Malaysia menambah 1.5 sen kepada 13.5 sen dan Scomi mengukuh 1.5 sen kepada 39.5 sen.

Dalam Pasaran Utama, jumlah dagangan bertambah kepada 1.816 bilion saham bernilai RM3.051 bilion, daripada 1.768 bilion unit bernilai RM3.549 bilion pada penutupan semalam.

Waran susut kepada 268.861 juta saham, bernilai RM63.991 juta, daripada 474.062 juta unit, bernilai RM117.192 juta.

Pasaran ACE mencatatkan lonjakan jumlah dagangan kepada 100.726 juta saham bernilai RM15.693 juta, daripada 88.934 juta unit bernilai RM16.241 juta. - Bernama

Technical View

The uptrend line 1 and uptrend line 2 which we have been using primarily in our analysis over the last few months have become less relevant after the FBM KLCI added some 45 pts since the new year began and created a new historic high.
We have now drawn a new resistance line which is projected from uptrend line 1. A basic theory on drawing a trend line is that we need at least three connecting points. In our current scenario, as it is portrayed in the above daily chart, the only connecting point we have is the September peak. Hence, this resistance line is still  very much at the assumption stage, being simply a projection from the uptrend line 1.
The FBM KLCI staged a remarkable intra-day rebound yesterday, recouping losses of some 10 pts during the session and ended with a 14.28-pt gains. A market correction which ends on the same day during a strong upward phase is what we normally view as a sign of great conviction on the market’s near-term upside momentum. Despite the 47.3-pt gain recorded over the past three days, the daily RSI only closed at the 75.6 pt-level yesterday. As the FBM KLCI normally gets overbought beyond the 80 pt-level, this means the door is still open for additional gains.
Needless to say, the near-term technical outlook of the FBM KLCI is firmly bullish now as it is now trading at its historic high and continues to trend higher within the uptrend channel.
From the current level, yesterday’s intra-day high of 1,572 pts is the immediate resistance. To the downside,  immediate support lies at the 1,551 pt-level, followed by the 1,532 pt-level.

Market Review

Winning streak continues. The FBM KLCI continued to charge higher yesterday, this time lifted by banking stocks CIMB, Maybank and Public Bank. At the close, the benchmark index jumped 14.28 points to 1566.17 points, which was more than 5 points off its best for the day. Market breadth was weaker than the day before,  with 547 gainers against 320 losers. This was perhaps not surprising given that most regional markets were in the red yesterday. Overnight, the Dow climbed further with a 32-point gain while Europe closed mixed. There was little in terms of news flow and hence local stocks could continue to scale higher although a different group of  stocks could take the lead today in typical rotational play.

Bursa Malaysia di paras tertinggi 3 hari berturut-turut

KUALA LUMPUR 5 Jan. - Pasaran saham tempatan terus mengukuh pada hari ini apabila terus melonjak ke paras terbaik dalam tempoh tiga hari berturut-turut.

Indeks Komposit Kuala Lumpur FTSE Bursa Malaysia (FBM KLCI) meningkat 14.28 mata atau 0.9 peratus kepada 1,566.17 mata di akhir dagangan.

FBM KLCI merekodkan paras tertinggi setakat ini pada dagangan tengah hari apabila mencecah paras 1,571.85 mata.

Penganalisis pasaran tempatan berkata, dengan aliran dana asing ke dalam pasaran, sentimen pelabur kekal positif.

Katanya, mereka menjangkakan aktiviti pengambilan untung akan berlaku dalam masa terdekat ini, namun momentum kenaikan ini akan berterusan.

Kemungkinan untuk FBM KLCI mencecah paras 1,600 mata adalah sesuatu yang tidak mustahil.

Pada penutup dagangan sebanyak 547 kaunter untung, 320 rugi dan 273 diniagakan tidak berubah di Bursa Malaysia.

Sementara itu, pasaran saham Asia gagal mengekalkan rentak positif tahun baru apabila pelabur mengambil langkah mengaut keuntungan.

Pasaran saham Tokyo yang mencatatkan kenaikan sejak tujuh setengah bulan, jatuh 0.17 peratus atau 17.33 mata kepada 10,380.77 mata.

Manakala Seoul jatuh 0.12 peratus, Shanghai turun 0.49 peratus, Taipei merudum sebanyak 2.04 peratus.

Selain itu, Hong Kong meningkat 0.38 peratus dan pasaran saham Singapura meningkat 0.12 peratus.

Technical View

 

Previously, we had betted on the formidable RM3,750 / tonne level putting a stop to the CPO prices’ rapid rise, at least temporarily. This is because the RM3,750/tonne level was a meaningful level. After CPO prices tumbled sharply in 1Q08, there were actually four major failed rebound attempts at the RM3,750/tonne level  in the 4 months that followed. As a result, the RM3,750 became a very tough resistance.
Nevertheless, CPO prices are now trading above the RM3,750 / tonne level. We believe the short consolidation phase in the middle of November helped to propel CPO prices beyond the significant RM3,750 / tonne level with ease.
The prices continued to rally furiously after the consolidation in mid-November. The aggressive price action we are seeing now is basically the extension of the uptrend that started since the market staged a major  breakout from the “Ascending Triangle” in October.
We had said before that the breakout from the RM2,800/tonne level, which coincided with the breakout from the “Ascending Triangle”, had substantially improved the CPO futures’ technical landscape. The mid-term technical outlooks of the CPO market will remain bullish as long as prices stay above the RM2,700- RM2,800/tonne area. As far as the nearer-term outlook is concerned, we have drawn a new short-term uptrend line in the above daily chart to provide guidance. Using this trend line as guidance, we know the near-term technical outlook of the market will remain bullish as long as it continues to extend its uptrend above the line.
From the current level, the RM4,400 / tonne level is the next resistance while additional resistance is seen at the RM4,154 / tonne level. To the downside, we are eyeing the RM3,750 / tonne level as the immediate support while next support is seen at the RM3,471 / tonne level.

Technical View

Potential consolidation. Yesterday, encouraged by the Dow's 93-point overnight gain, the FBM KLCI rallied another 18.47 points to close at another record high of 1551.89 points. Market breadth was decidedly positive,  with 637 gainers against 233 losers. Overnight, the Dow inched up marginally by 20 points but the FTSE rallied by 1.9% while other European bourses rose marginally. Commodities suffered a sell-off last night, with crude oil  falling by USD2.35 per barrel to USD89.20. Most other commodities were also lower but the biggest losers were metal, with gold falling 3% and silver, 5%. There was little in terms of news, but with overseas market  holding up, the upward momentum should continue to carry local stocks higher in the morning session although profit-taking could set in subsequently after 2 straight days of strong gains.

Bursa Malaysia terus catat sejarah

KUALA LUMPUR 4 Jan - Dalam perkembangan yang belum pernah berlaku, FTSE Bursa Malaysia KLCI (FBM KLCI) melepasi paras psikologi dan ditutup pada paras tertinggi baharu buat hari kedua berturut-turut, sebahagian besarnya dirangsang oleh keuntungan saham-saham perladangan.

Barometer pasaran menokok 18.47 mata atau 1.2 peratus untuk ditutup pada 1,551.89 dalam dagangan cergas. Ia dibuka 1.15 mata lebih tinggi pada 1,534.57.

Prestasi positif daripada kebanyakan pasaran ekuiti serantau yang disokong oleh keuntungan semalaman di Wall Street, merangsang momentum di sini, kata seorang peniaga.

Di Bursa Malaysia, Indeks Kewangan meningkat 136.87 mata kepada 14,116.32, Indeks Perusahaan menambah 53.84 mata kepada 2,930.08 dan Indeks Perladangan melonjak 146.28 mata kepada 8,279.61. Indeks FBM Emas menokok 121.75 mata kepada 10,613.49, Indeks FBM Ace meningkat 35.23 mata kepada 4,394.72 dan Indeks FBM70 menambah 106.67 mata kepada 11,169.58.

Kaunter untung mengatasi kaunter rugi sebanyak 637 berbanding 233 manakala 262 kaunter tidak berubah, 249 tidak diniagakan dan 30 yang lain digantung.

Jumlah dagangan melonjak kepada 2.011 bilion saham bernilai RM2.88 bilion, beranding 1.608 bilion saham bernilai RM2.09 bilion, semalam.

Kaunter paling untung, British American Tobacco, meningkat 60 sen kepada RM46.40, Sime Darby menokok 51 sen kepada RM9.46, Nestle menambah 42 sen kepada RM43.84, Ekovest untung 37 sen kepada RM2.74, Kulim meningkat 28 sen kepada RM12.76 manakala KL Kepong menokok 28 sen kepada RM22.66.

Antara kaunter aktif, Karambunai meningkat empat sen kepada 21 sen, Talam menokok setengah sen kepada 9.5 sen, Borneo Oil menambah 7.5 sen kepada 42 sen dan Malayan United meningkat dua sen kepada 22.5 sen.

Sebaliknya, United Plantation susut 28 sen kepada RM16.92, MAHB turun 21 sen kepada RM5.99 dan The Store rugi 18 sen kepada RM2.42.

Di Pasaran Utama, jumlah dagangan meningkat kepada 1.661 bilion saham bernilai RM2.792 bilion berbanding 1.297 bilion unit bernilai RM2.015 bilion sebelumnya.

Waran meningkat kepada 269.316 juta saham bernilai RM68.508 juta berbanding 213.234 juta unit bernilai RM57.886 juta yang direkodkan sebelumnya.Jumlah dagangan di Pasaran ACE bagaimanapun berkurangan kepada 63.007 juta saham bernilai RM11.91 juta berbanding 87.767 juta unit bernilai RM14.631 juta semalam.- Bernama

Nota dari LT International Futures (M) Sdn Bhd

Technical View

The market greeted 2011 with a new historic high by advancing nearly 15 pts, which basically confirmed the violation of the 1,510 pt-level. This means that the FBM KLCI is no longer stuck in the recent trading band ranging from the 1,474 pt-level to the 1,510 pt-level.
From here, the index could continue to create new historic highs in the near future. Our stand can be supported by the recent technical developments we mentioned last week. Firstly, the FBM KLCI has violated the short-term downtrend channel. Secondly, the index is starting to rebound from uptrend line 1. Last but not least, as stated above, the breakout from the 1,510 pt-level wrote off the possibility that the market will remain stuck in the recent sideways trading range.
Needless to say, the near-term technical outlook of the FBM KLCI is firmly bullish now as it is now trading at  its historic high and continues to trend above uptrend line 1.
From the current level, the 1,550 psychological mark is the next resistance. The previous historic high of 1,532 pts has now become an immediate support while next support is seen at 1,510 pts.

Market Review

2011 takes off with a bang. The local bourse welcomed the new year on a positive note with the FBM KLCI closing at an all-time high of 1533.42 pts on the first day of trading. With investors back in the market after the long New Year weekend, trading volume raced to 1.6bn versus the average of 906m in the previous week. Today’s key corporate headlines are: (i) Petra Energy is close to bagging a RM100m Murphy Oil job for hook up and commissioning works; (ii) MK Land sells 2 plots of land in Sg Buloh for RM130m; and (iii) Sunway inks 3 contracts worth some RM219m. With the underlying index in uncharted territory, the previous high of 1531.99 pts is now effectively a loose support, followed by the 1510 level. There is a possibility of a small pullback to digest the sharp gains yesterday although the overall strong close on the S&P and Dow overnight should generally see the positive trend continue. Crude oil price was steady, closing at USD91.54.

Bursa, ringgit catat rekod

KUALA LUMPUR 3 Jan. – Bursa Malaysia memasuki tahun baharu dengan penuh gaya apabila melonjak ke paras tertinggi dalam sejarahnya sambil disokong oleh nilai ringgit yang mencatat nilai paling kukuh sejak 13 tahun lalu.

Bursa saham tempatan dan ringgit juga digalakkan oleh sentimen positif yang ditunjukkan pasaran serantau dan juga prospek pertumbuhan yang baik.

Indeks Komposit Kuala Lumpur FTSE Bursa Malaysia (FBM KLCI) meningkat 14.51 mata kepada 1,533.42 manakala nilai mata wang tempatan diniagakan pada RM3.06 berbanding sedolar Amerika Syarikat (AS)

FBM KLCI pada sesi tengah hari telah berjaya mencatat paras tertinggi terbaharu iaitu 1,535.02 mata sebelum ditutup pada paras semasa untuk mengatasi paras tertinggi pada November tahun lalu iaitu 1,528.01 mata.

Para penganalisis tempatan berkata, peningkatan pasaran saham tempatan itu juga didorong oleh aliran dana asing ke dalam pasaran dan para peniaga juga menjangka ia berterusan.

‘‘Kita bakal menyaksikan permulaan peningkatan yang digalakkan oleh kecairan,’’ katanya dan menjangkakan paras pasaran boleh mencecah 1,550 mata dalam masa terdekat.

OSK Research, sebuah firma penyelidikan tempatan berkata, prospek separuh pertama tahun ini adalah menggalakkan dengan penanda aras bakal mencecah 1,648 mata.

Katanya, risiko seperti tekanan politik dan inflasi dijangka mungkin memberi kesan minimum kepada bursa saham tempatan pada separuh pertama ini.

Menurut Pengarah Eksekutif Urusniaga Jupiter Securities Sdn. Bhd., Nazzary Rosli berkata, lonjakan indeks pasaran modal tempatan sering berlaku pada permulaan tahun baru ekoran kegiatan para pengurus dana sedang menyusun semula portfolio pelaburan mereka.

‘‘Pada kebiasaannya, pengurus-pengurus dana ini mula memasuki pasaran dan membeli saham-saham yang berpotensi di awal tahun baru. Disebabkan aktiviti tersebut telah merancakkan keadaan pasaran pada hari ini.

‘‘Selain itu, keadaan pemulihan ekonomi yang dijangka berterusan terutama di Amerika Syarikat (AS) pada tahun ini juga merupakan faktor penyumbang kepada keadaan pasaran saham tempatan. Sebarang kesan positif yang berlaku di sana akan meninggalkan kesan kepada pasaran saham rantau dan Malaysia,’’ katanya kepada Utusan Malaysia.

Tambah Nazzary, keadaan itu akan berlanjutan untuk minggu ini kerana aktiviti penyusunan semula portfolio pelaburan baru bermula dan ia akan memakan masa.

‘‘Minggu hadapan ia akan kembali stabil apabila pelabur jangka pendek akan mula menjual saham mereka bagi mendapatkan keuntungan berikutan pasaran positif ini,’’ jelasnya.

Sementara itu, pasaran saham tempatan juga mendapat faedah daripada prospek menggalakkan bursa-bursa utama di Asia yang yakin bahawa pemulihan ekonomi global akan berterusan pada tahun ini.

Ini kerana pada separuh pertama tahun ini, bursa saham AS akan terus berada dalam keadaan baik ekoran pemulihan ekonomi di negara berkenaan sekali gus memberikan tempiasnya kepada Asia.

Di pasaran serantau, Indeks Hang Seng Hong Kong menokok 1.74 peratus, Indeks Kospi , South Korea bertambah 0.93 peratus lebih tinggi dan Indeks Straits Times, Singapura menambah 1.20 peratus.

Bagaimanapun, pasaran saham Australia, Jepun, New Zealand, Thailand dan Vietnam pula ditutup sempena kelepasan am.

Technical View

The FBM KLCI ended the last day of 2010 with a slightly more than 5-pt loss. Nevertheless, the benchmark index still ended the session at above the 1,510 pt-level. We mentioned last Thursday that as the index was already more than 14 pts above the 1,510 pt-level, this level can be considered as having been violated.  However, we also said that a break above last Wednesday’s intra-day high of 1,526 pts would make us more comfortable with the violation of the 1,510 pt-level. This is because market action such as the evaporating of  more than 50% of last Tuesday’s gains on that day is normally viewed as a sign of weakness.
Regardless of the market action in the vicinity of 1,510 pts, our view towards the near-term market has been straight-forward. We will maintain our firmly bullish bias view towards the near-term market until uptrend line 1 is decisively violated.
The FBM KLCI’s historic high of 1,532 pts is still the only resistance which we can detect. To the downside, the 1,510 pt-level is still the immediate support while another support is seen at the 1,485- 1,492-pt area.

Market Review

A lower finish. The FBM KLCI lost 5.43 points to close at 1,518.91 on Thursday, which was the year’s last  trading day. According to Bank Negara, net financing to the private sector grew at a slower pace in November,  expanding by RM8.8bn, or 10.8% y-o-y, versus RM11.7bn, or 11.2% y-o-y, in October on fewer private debt securities issuances. IJM Land Bhd and Malaysian Resources Corp Bhd, which earlier announced plans to merge and potentially become the second largest property player in Malaysia, have aborted the plan. Dialog Group Bhd’s subsidiary Dialog E&C SB has been awarded a RM64.6m contract by Asean Bintulu Fertilizer SB for the provision of engineering, procurement, construction and commissioning of a new cooling tower. Meanwhile, the US markets ended the year mixed on Friday. Crude oil price, however, jumped USD1.54 to USD91.38.