Malaysia Stock Market May Find Traction On Thursday

 Malaysia Stock Market May Find Traction On Thursday

The Malaysia stock market has ticked lower in two straight sessions, slipping almost 5 points or 0.3 percent along the way. The Kuala Lumpur Composite Index now rests just above the 1,520-point plateau although it's poised to find support on Thursday.

This technique is very beneficial in the bullish market but at the same time, it involves a high amount of risk. We, therefore, recommend you to have sound knowledge of the market and get daily stock picks. This research can help you to speculate the opportunities for short selling in the market.

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How an Investor Makes Money By Short Selling Stocks?

Short selling a stock means creating an open position in the market by buying the shares that you don’t own and then selling them to another investor. Investors opt for selling short if he/she feels that share price is going to decline. This technique is useful to earn profits when the share values go down.

In this, the investor usually borrows security or shares from the broker or a person who owns such shares. The investor will then sell these shares in the open market and retain the proceeds from the sale. The investor then anticipates that the prices will fall over a period of time, which will give him an opportunity to buy back the shares at lower prices. The difference in the selling and buying back price would be the profit of the investor. 

Why is Short Selling Used By Investors?

 

This technique is used by investors for the purpose of hedging and speculation. Speculators use this technique to gain from the declining levels of stocks, whereas hedgers use this technique to migrate from the losses that can be caused in the market. Short selling is also used by institutional investors for both hedging and investment.

This technique is very beneficial in the bullish market but at the same time, it involves a high amount of risk. We, therefore, recommend you to have sound knowledge of the market and get daily stock picks. This research can help you to speculate the opportunities for short selling in the market.

Get High accuracy klse signals with daily fundamental and technical analysis.

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FBM KLCI - closed higher for the seventh consecutive session above 1,600

Stocks on Bursa Malaysia ended higher yesterday with the benchmark FBMKLCI finished higher for the seventh consecutive day to close above the 1,600 psychological level, accumulating gains of 5% during its seven-day rally. Read more >>

How to Collect Profit Even When The KLSE Market is Down?

  If you are new to investing, it can be hard to find the best stock suitable for your needs. It is important to have all the tips and techniques that ultimately work in your favor so that you never lose your money in the KLSE Stock Market.

One of the important share market strategies is to invest in undervalued stocks. Undervalued stocks are the ones selling at a discounted price, relative to their intrinsic value. This strategy is called value investing where you invest in undervalued stock with the hope that the prices will rise to their appropriate intrinsic value.

These Bursa Stock picks will help you to generate good returns in the market. If you want to get a consistent and predictable return from the KLSE Stock Market, you will love this guide in which we have compiled some of the Best Performing Stocks.

Follow these Five KLSE Stock Picks of 2021:

#1. AmanahRaya REIT
#2. Focus Lumber Berhad
#4. Poh Huat Resources Holdings Berhad
#5. GDB Holdings Bhd

Bursa Noon Market Report by Money Life Research

 Noon Market

Bursa ends morning session in positive territory

KUALA LUMPUR (April 8): Bursa Malaysia ended the morning session in positive territory on persistent buying support for heavyweight stocks, led by the healthcare counters.

At the lunch break, the FBM KLCI was 1.69 points better at 1,602.28 from yesterday’s close at 1,600.59.

The index opened 0.78 of a point easier at 1,599.81, and moved between 1,599.51 and 1,609.39 throughout the morning session.

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However, on the broader market, losers led gainers 519 versus 486, while 419 counters were unchanged, 732 untraded and 25 others suspended.

Total volume stood at 4.54 billion shares worth RM2.61 billion.

“The FBM KLCI is able to sustain above the 1,600 today, but sentiments remain tepid on the absence of any clear buying catalysts.

Singapore’s Straits Times Index edged up 0.05 per cent to 3,197.49, Japan’s Nikkei was 0.25 per cent easier at 29,747.46, Hong Kong’s Hang Seng was up by 0.83 per cent to 28,913.50, and South Korea’s Kospi fell 0.04 per cent to 3,136.49

Back home, heavyweights Maybank fell 18 sen to RM8.30, Public Bank shed two sen to RM4.20, Petronas Chemicals slipped 10 sen to RM7.85, Tenaga reduced four sen to RM10.22 and IHH Healthcare was down eight sen to RM5.32.

Subscribe to #MoneyLifeResearch #klsetradingsignal #klseintradaytips  KLSE Intraday Stock Picks

Bursa opens easier but rebounds thereafter

 bursa malaysia stock tips

KUALA LUMPUR (April 8): Bursa Malaysia opened easier but rebounded thereafter today, attempting to extend yesterday’s gains, despite the flat overnight performance on Wall Street.

The US stock markets staged a modest recovery after the US Federal Reserve signals no changes to the current bond-buying program.

At 9.10am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) gained 2.02 points to 1,602.61 from Wednesday’s close of 1,600.59.

The index opened 0.78 of-a-point easier at 1,599.81.

“We believe the foreign buying support yesterday may continue to lift FBM KLCI members in the near term. Given the higher oil prices resulting from the recovery of global economy, coupled with the smooth ongoing COVID-19 vaccination, it should bring some optimism to the market.

“The key index may have a positive bias moves over the near term with the resistance envisaged along 1,615 to 1,635, while the support level is set at 1,565 to 1,575.

It added that sector-focus traders will still look out for the recovery-theme sector such as consumer, aviation, tourism, construction and property on the back of the ongoing vaccination plan on the local front.

Of the heavyweights, Public Bank gained three sen to RM4.25,  Petronas Chemicals added four sen to RM7.99,  while Maybank fell eight sen to RM8.40, Tenaga shed two sen to RM10.24, and IHH Healthcare was flat at RM5.31.

Among the active counters, Luster Industries and its warrant added one sen each to 24.5 sen and 14.5 sen, respectively, DGB Asia and Pasukhas Group edged up half- a-sen each to 6.5 sen and three sen, respectively, while Permaju was flat at 22 sen.

Sector-wise, the Industrial Products and Services Index edged up 0.24 of-a-point to 195.12, the Financial Services Index slipped 15.5 points to 15,363.71, while the Plantation Index went down 17.48 points to 7,060.43.

Check Out the past 24 hours news

 🌈🌈Good morning!  Happy new week with lots of energy, good work!

 1️⃣ The main news over the weekend

 The US House of Representatives voted to pass the $ 1.9 trillion stimulus bill.

 - The US FDA Advisory Board approved the third Covid19 vaccine.

 - Biden will release a statement on Saudi Arabia on Monday.

 - Biden ordered airstrikes in Syria.

 2️⃣ Notable facts and data this week

 - At Monday, New York Fed President Williams will deliver his opening and closing speech at a series of seminars organized by the New York Fed;  Governor Brainard Federal Reserve is to deliver a speech on financial stability.

 - At Wednesday, Fed Governor Brainard will deliver a speech on diplomatic relations and the economic outlook;  at San Francisco Fed President Daley is to speak at a New York Economic Club online event.

 At Thursday, Chicago Fed President Evans delivered a speech on current monetary and economic policy.

  Fed Chairman Powell is to deliver a speech on the US economy on Friday.

 At Saturday, the Fed President in Atlanta, Bostic, will deliver a speech on "macroeconomic policy."

 The large and small non-farm reports will be released this week, and the non-farm employment population is expected to grow by 133,000 people after a seasonal adjustment in February in the United States.  For now, investors need to pay attention to the trend in US bond yields.  In February alone, the yield on a 10-year US Treasury note rose more than 35% and it has increased by nearly 50% since the beginning of the year.  The in-depth yield adjustment can put the US dollar under great selling pressure and trigger a strong recovery in gold prices and vice versa.

sgx stock picks

+ Check out the news of the past 24 hours

  

1️⃣ The House of Representatives plans to vote on the $ 1.9 trillion stimulus package at the weekend

 The US House of Representatives will vote on Friday on the US $ 1.9 trillion bailout bill proposed by Mr. Biden, said Representative Steny Hoyer, the House's No. 2 Democrat.

 - The American people strongly support this bill and we are moving quickly to make it into law, "Hoyer said on Twitter Tuesday.

 The House Budget Committee approved the measure on Monday.  Adopting new bailout packages to reduce the economic damage caused by the pandemic is a top priority for Democratic President Joe Biden.

 Although polls show that Americans want more economic support, Democrats - which control Congress closely - and Republicans have been very different in their views about whether it has  how can be given.

 The number of coronavirus deaths of the United States this week surpassed half a million, along with millions of others are infected and unemployed.

 2️⃣ Fed Chairman - J. Powell's statements during Monday's hearing to House Financial Services Committee:

 - Inflation may take more than 3 years to reach the Fed's inflation target.

 - Fed will continue to keep interest rates low.

 - Repeat commitment to continue buying bonds to support the economy.

 => The Chairman's comments are a sign that the Fed plans to keep interest rates unchanged for a long time, at least 3 years.  Fed will be ready to keep the stimulus to support the economy in the next 3 years.  This allayed concerns about the possibility that the Fed would soon raise interest rates when the economy began to recover.  Gold has the potential to increase in the near future.

 3️⃣ Notable facts and data for today

  - At tonight, the United States will announce the adjusted value of the annual real GDP ratio for the fourth quarter, which is expected to be adjusted up to 4.2%.  Also announced is the monthly rate of US durable orders in January, is expected to hit a record 1.1%.

 At tonight, Bostic, the 2021 FOMC voting committee and Atlanta Fed president, delivered the opening speech at the 2021 virtual banking outlook hosted by the Atlanta Fed.  In the early hours of Friday morning, the 2021 FOMC voting committee, the Atlanta Fed President, Bostic, and the FOMC permanent voting committee, New York Fed President, Williams will also make speeches.

EUR/USD: Options market seems bias for Euro weakness past three months

• EUR/USD three-month risk reversal shows the strongest bearish bias since June 2020. 
• Technical charts and macro factors look to have aligned in favor of the bears. 
• German Factory Orders are forecast to contract 1% in December. 

EUR/USD's options market positioning looks stacked against the single currency. 

According to data source Reuters, the three-month risk reversal shows an implied volatility premium for puts over calls at an eight-month high (of -0.275). In other words, the bearish bias is strongest since June 2020. 

The negative risk reversal is the result of demand for puts outstripping demand for calls. The metric flipped bearish with a drop below zero on Jan. 27. 

A put option gives the holder the right but not obligation to sell the underlying asset at a predetermined price on or before a specific date. Meanwhile, a call represents the right to buy.

The increased demand for puts highlighted by risk reversals is consistent with the bearish developments on technical charts, which indicate scope for a continued decline toward 1.1888. That's the 61.8% Fibonacci retracement of the rally from 1.1602 to 1.2349. 

The macro factors are also biased bearish. The battered dollar is rising with progress in coronavirus vaccinations, the US President Joe Biden's unveiling of a $1.9 trillion fiscal stimulus, and upbeat economic data. Meanwhile, concerns about the Eurozone's slow delivery of coronavirus vaccines look to be weighing over the euro. 

EUR/USD's downside will likely gather pace if the data due at 07:00 GMT shows a bigger-than-expected contraction in the German Factory Orders growth in December. The US Nonfarm Payrolls due at 13:30 GMT is expected to show the economy added 50K jobs in January, having shed 140K jobs in December. Again, a big beat on expectations could draw stronger buying pressure for the dollar.

Malaysia Stock Tips 

Mid- Morning Market Report- Money Life Research

The main index of Bursa Malaysia reversed its earlier gains and dipped in the mid-morning as glove makers and plantation stocks dragged against a backdrop of mixed regional markets.

At 10am, the FBM KLCI had fallen 2.82 points to 1,582.08. The index earlier rose to a high of 1,590.47.

The decliners included Nestle (Malaysia) Bhd, Kuala Lumpur Kepong Bhd (KLK), Supermax Corp Bhd, Unisem (M) Bhd, Top Glove Corp Bhd, PPB Group Bhd, United Plantations Bhd, and Batu Kawan Bhd.

The actively traded stocks included i-Stone Group Bhd, Trive Property Group Bhd, Luster Industries Bhd, QES Group Bhd, Iris Corp Bhd, and Fintec Global Bhd.

The gainers included Malaysian Pacific Industries Bhd, Genetec Technology Bhd, See Hup Consolidated Bhd, and Hong Leong Bank Bhd (HLB).

E-mini futures for the S&P 500 and Hong Kong's Hang Seng Index futures were essentially flat, while Japan's Nikkei 225 futures inched 0.1% higher, it said.

Bursa Malaysia Stock Tips

BITCOIN (BTC/USD) PRICE CHART: HOURLY TIME (JANUARY 2021 – FEBRUARY 2021)

Bitcoin has been on the backfoot since timing another record on January 8, tumbling from $42,000 to beneath $29,000 in January alone. While theoretical lunacy was occurring somewhere else, well-known revenue in Bitcoin appeared to blur, in any event immediately, and the biggest digital currency by market cap looked defenseless against additional misfortunes.

In my past Bitcoin standpoint update, we featured an assortment of obstruction from the $35,000 to $36,000 region which we noted may see Bitcoin bit by bit drain lower except if broken. Indeed, the hindrance was immediately thrown away after Mr. Musk's intercession. Accordingly, what seemed to be imposing opposition was broken and Bitcoin got away from the arrangement of lower-highs and lower-lows that were starting to frame a bearish example on the graph. Thus, the specialized break started by Tesla's Chairman may have permitted Bitcoin to dodge further decreases.

A move past the January 29 high could see BTC/USD drive even higher, with ensuing opposition around the $40,000 mark – which corresponds with the January 14 pinnacle – and the record-breaking high around $42,000. 

Then again, uphold from the $30,000 to $28,000 territory stays a significant milestone for bulls. Should value break underneath the zone, BTC could quicken descending as help is moderately inadequate until the Fibonacci level around $24,230. On account of ongoing increases, earlier opposition around the $35,000 may likewise go about as help to go ahead.

Money Life Research provides the latest updates on trading signals. Explore a world of profitable #forextrading with a trusted #forexsignals provider by your side!

Daily stock picks

Bursa Malaysia to trade cautious mode next week

KUALA LUMPUR, Jan 30 — Bursa Malaysia is predicted to still trade a alert mode next week, driven by mixed sentiments by and global economic outlook.

Bhd economist Adam Mohamed Rahim said the local market was expected to ascertain thin trading holiday-shortened week, which can see the FTSE Bursa Malaysia KLCI (FBM KLCI) trading within a decent range.

The current resistance level is spotted at 1,600 points while the immediate price stands at 1,560 points, he said.

“Additionally, the general sentiment would be somewhat dampened following fresh geopolitical tensions after China warned Taiwan that an effort to hunt independence from China could mean war,” he told Bernama.

On the opposite hand, he said the increase in today’s Covid-19 cases to record high could still attract interest in rubber glove counters which structure 10-13 per cent in terms of FBM KLCI’s market capitalization .

“But, any surprise move to increase the movement control order (MCO) further could see some knee-jerk reaction within the market,” he added.

Meanwhile, Adam said restrictions over retail trading of stocks like GameStop and talks surrounding the further development of the US fiscal stimulus within the Senate also affected the mood in Asia.

“As such, glove counters were in high demand on Friday, pushing share prices sharply higher because of the calls made by some unknown investors over social media to require on the short sellers,” he added.

Despite the hefty gains within the major rubber glove counters, he said other stocks were mostly within the red amid fears that retail investors might want to enter other stocks which are a part of the composite index.

In forex market, he said that the ringgit was 0.1 per cent higher against the US dollar amid Moody’s reiteration of a stable rating outlook for Malaysia.

“Aside from that, the US dollar is facing pressure amid nervousness that crept into the greenback following trading restrictions on GameStop shares.

“Looking ahead, the ringgit could appreciate further against the greenback to succeed in 4.03 per US dollar next week if there are positive developments regarding the vaccine roll-out,” he said.

On a Friday-to-Friday basis, the benchmark FBM KLCI slipped 30.34 points to 1,566.44 from last week’s 1,596.74.

On the scoreboard, the FBM Emas Index decreased 199.81 points to 11,363.81, the FBMT 100 Index slid 189.83 points to 11,104.93, the FBM 70 declined 154.34 points to 14,747.34, the FBM Emas Shariah Index eased 861.09 points to 12,187.86 and therefore the FBM ACE Index rose 274.93 points to 11,032.94.

Sector-wise, the Financial Services Index was down 421.54 points to 14,464.06 and therefore the Industrial Products and Services Index inched down 8.16 points to 169.19, while the Plantation Index dropped 125.27 points to 7,097.89.

The Energy Index decreased 40.93 points to 793.14, the Healthcare Index was 48.06 points higher at 3,597.85 and therefore the Technology Index increased 1.32 points to 81.96.

For the holiday-shortened week, weekly turnover decreased to 25.57 billion units worth RM21.23 billion from 33.18 billion units worth RM22.61 billion within the previous week.

Main Market volume eased to fifteen .34 billion shares valued at RM17.64 billion from 18.94 billion shares valued at RM17.51 billion previously.

Warrants turnover rose to 2.04 billion units worth RM320.29 million from 1.98 billion units worth RM315.38 million within the previous week.

bursa malaysia stock tips

Malaysian Glove Stocks Fall Down

 Malaysian retail investors joined teams on social media and pushed up stocks of under-pressure rubber glove makers on Friday (Jan 29), taking inspiration from the recent GameStop trading phenomenon in the US.

Shares of the US video game shop chain surged from less than US$20 to a peak of US$492 earlier this week, after millions of amateur investors active on online forum Reddit rallied together to punish short-sellers by sending prices soaring.

In short-selling, investors borrow stock, sell it and then purchase it back at a lower price, keeping the difference. But if a stock unexpectedly soars, then investors are forced to buy it back at a loss.

Inspired by the US movement, Malaysian mom-and-pop investors Thursday set up their own Reddit group, naming it BursaBets after the country's stock exchange.

Like the US group WallStreetBets, BursaBets became an online rallying spot for those urging people to buy and hold shares, in this case, targeting glove stocks.

Malaysia is the world's top producer of latex gloves, and major producers saw their shares jump last year on strong demand due to the COVID-19 pandemic.

But the companies were hammered in recent weeks as vaccines became available and they were targeted by short-sellers after the government lifted a ban on the practice.

Malaysia Intraday Stock Picks

Malaysia Stock Picks | SGX Signals - Money life Research

SGX Stock Signals- Live Singapore Stock Market Update 

Malaysian Based Stocks on SGX

More than 40 stocks listed on SGX are either headquartered in Malaysia or have core operations based in the country, and have a combined market capitalization of over S$60 billion. Their businesses are categorized under the consumer, healthcare, real estate, information technology, energy, materials and industrial sectors.

Among these Malaysia-based listings, the 5 best performers in the 2019 year-to-date were:  Silverlake Axis (+33.5%), Aspen Group (+28.0%), JB Foods (+16.1%), ISEC Healthcare (+13.7%), and Frencken Group (+11.9%). These 5 stocks have averaged a total return of +20.6% in the YTD, bringing their one-year and three-year total returns to -8.3% and +101.4% respectively.

SGX rolls out pioneering suite of ESGderivatives

THE Singapore Exchange (SGX) has launched its pioneering suite of environment, social and governance (ESG) derivatives under the SGX First (Future in Reshaping Sustainability Together) sustainability agenda, which was announced in December 2020

Shares of SGX were down by S$0.02 or 0.2 per cent at S$10.07 as at the midday trading break.

Brokers' take: Analysts raise SGX target price; see potential upside of 1.3-15.3%

ANALYSTS have raised their target prices (TPs) for Singapore Exchange (SGX) after adjusting their forecasts higher for the bourse operator's FY2021-22 earnings. This came after SGX posted a net income of S$239.8 million for the half year ended Dec 31, 2020, up 12.4 per cent from S$213.3 million a year ago. during a bourse filing on Friday, SGX said it saw revenue increases across all three of its businesses: equities; fixed income, currencies and commodities; and data, connectivity and indices.