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

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