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.

Today's View on Gold by Money life Research

 

‼ ️In last night's trading session, world gold price had 2-way fluctuations.  After the price dropped from 1863 to 1834 (2-way amplitude of 29 $).  Gold ended the day with a bearish candlestick at 1841. In my opinion the close is almost equal to the closing price of the other day (January 27), the possibility of selling has begun.  leveled off and today buying priority would be more reasonable.

 - Moving to the H4 time frame, we can see that Gold price is creating a support zone around 1834 when the price reached this zone in 2 days and rebounded.  So in my personal opinion around 1834-1837 we can make a long position with the precious metal Gold.  The safe target for profit taking will be below the 1860 price zone. This is also the closest resistance level for Gold today.

Gold Trading Tips

Nikkei 225 near lower by 1.89% at 27,663.39

There is a hint of risk aversion ahead of European trading as Asia views red for the most part on concerns regarding a retail trading frenzy as the chaos from the memes took over the market in trading yesterday and that is reflecting today.

Adding to that is talk of a liquidity squeeze in China with overnight repo rates rising to their highest level in almost six years not helping.

The PBOC did little to calm nerves as the ¥100 billion injections today is largely insufficient to deal with the liquidity shortage that may arise from the coming Lunar New Year holidays.

Elsewhere, the Hang Seng is down by 0.6% and Shanghai Composite down by 0.9%. Meanwhile, US futures are also being dumped with S&P 500 futures down 1.1%, and Nasdaq futures down 1.3% as we look towards European trading.

This is all contributing to a stronger dollar for the time with commodity currencies lagging slightly. But as we saw from yesterday, things can quickly turn around in the coming hours but just be wary that conditions may be trickier today amid the month-end.

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Crude Oil, Gold Prices Risk Trends Ahead as per US GDP Data

 Despite aggressive risk aversion on Wall Street, sending the S&P 500 to its worst single-day performance in last 3 months, growth-linked crude oil rates were capable to get by relatively unscathed. Gold, on the other hand, did more critical off compared to WTI, but not quite to the same extent as equities. Copper futures meanwhile slipped 1.71%.

The flexibility in WTI might have been a result of the latest EIA crude inventory report. Stockpiles unexpectedly narrowed 9.9 million barrels last week, the most since July 2020. This decrease in supply helped offset some of the downward pressure energy rates were facing as a result of broad-based risk aversion. This was partially triggered by short squeezes in heavily-sold stocks such as GameStop and AMC. 

Anti-fiat gold rates decreased as a strengthening haven-linked US Dollar capitalized on investors fleeing for safety in Treasuries. That in-turn started yields lower in government bonds, a dynamic that can at times bode well for XAU/USD. Thus, falling Treasury prices in some ways cooled downside potential for the gold.

Futures tracking Wall Street are in the red heading into the European and North American trading sessions. Here poses a risk for WTI rates as the impact of stockpile data wears off. Gold faces an interesting situation because if Treasury yields continue weakening, that may offset some of the downside pressure from a stronger Greenback. All eyes are on US fourth-quarter GDP data due over the remaining 24 hours.

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