Author Topic: KLSE starting to collapse  (Read 502691 times)

Offline jjwong

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Re: KLSE starting to collapse
« Reply #9650 on: June 21, 2018, 03:17:28 PM »
Mkt oredi uptrend from 2009 until now , uptrend for 9 yrs !

Now if go downtrend for 1 yr is just a chicken feed downtrend onli.  :D :D :D

BURSA OFFICIALLY in bear mkt
200days moving average @1800  support broken May 24th
Rebound failed to break above resistance 200days moving average 1800.
trend lower low

"The only conquests which are permanent and leave no regrets are our conquests over ourselves"    Quote from Napolean Bonaparte

Politicians like to rally the masses to stage conquest  against "the enemy",  the real intent is  actually...$ $

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Re: KLSE starting to collapse
« Reply #9651 on: June 21, 2018, 03:21:42 PM »
BURSA OFFICIALLY in bear mkt
200days moving average @1800  support broken May 24th
Rebound failed to break above resistance 200days moving average 1800.
trend lower low

Thanks for your expert TA on the mkt.  :'( :'( :'(


Offline jjwong

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Re: KLSE starting to collapse
« Reply #9652 on: June 21, 2018, 03:23:12 PM »
BURSA OFFICIALLY in bear mkt
200days moving average @1800  support broken on May 24th
Rebound failed to break above resistance 200days moving average @1800 on June 7th (12 days later)
trend is  lower low
the next major 1700 also broken today June 21th,2018
level of this beast will zoom to is 1614
if 1614 fails, next suppor 1500
next 1291...
"The only conquests which are permanent and leave no regrets are our conquests over ourselves"    Quote from Napolean Bonaparte

Politicians like to rally the masses to stage conquest  against "the enemy",  the real intent is  actually...$ $

Offline jjwong

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Re: KLSE starting to collapse
« Reply #9653 on: June 21, 2018, 03:27:14 PM »
the next major 1700 also broken today June 21th,2018
level of this beast will zoom to is 1614
if 1614 fails, next suppor 1500
next 1291...

testing buy 100 shares at 3pm today..
seller is UBS
foreign fund continue to dump
yesterday ff outflow is $384m.
today may exceed this number
"The only conquests which are permanent and leave no regrets are our conquests over ourselves"    Quote from Napolean Bonaparte

Politicians like to rally the masses to stage conquest  against "the enemy",  the real intent is  actually...$ $

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Re: KLSE starting to collapse
« Reply #9654 on: June 21, 2018, 03:43:04 PM »
the next major 1700 also broken today June 21th,2018
level of this beast will zoom to is 1614
if 1614 fails, next suppor 1500
next 1291...

Thanks.

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Re: KLSE starting to collapse
« Reply #9655 on: June 21, 2018, 05:37:48 PM »
Closed below 1700  :clap:
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Re: KLSE starting to collapse
« Reply #9656 on: June 21, 2018, 05:46:51 PM »
(吉隆坡21日讯)中美贸易战的担忧挥之不去,加上大规模资金撤离新兴市场,导致亚洲股市尾盘几乎全线下跌。

大马股市更是陷入调整格局,截至下午5点闭市,富时隆综指报1692.32点,跌17.43点。

成交量有21亿2468万2280股,成交值26亿7815万658令吉。

上升股199只,下跌股748只,357只无起落,614只无交易。

富时大马全股项指数闭市报11956.89点,跌129.6点。

令吉汇率全天趋跌,截至下午5点报4.0140兑1美元。
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Re: KLSE starting to collapse
« Reply #9657 on: June 21, 2018, 05:47:37 PM »
KUALA LUMPUR (June 21): Asia's underlying fundamentals remain solid with resilient growth prospects despite headwinds from US-China trade friction and rising US interest rates, according to Maybank Kim Eng.

The United States and China are expected to continue driving global growth and investment, which will benefit emerging Asia, the investment banking arm of Maybank Group said at its Invest Asia UK conference in London today, noting rising demand from the world's two largest economies had supported Asia's export recovery last year. Asia's private investment is experiencing a revival this year after a long slump.

In a statement following the conference, the country's biggest banking group said that amid gradual US Fed rate hikes, Asian central banks have also begun normalising interest rates, mitigating the impact of a stronger dollar on emerging market currencies.

Maybank Kim Eng's chief executive officer Datuk John Chong urged investors to look beyond the short-term noise and focus on the region's long-term growth prospects, which is still expected to outshine that of developed economies as the OECD estimates Southeast Asia is poised to achieve average gross domestic product growth of 5.2% between 2018 and 2022.

"While there have been substantial capital outflows as a result of the stronger US dollar, higher interest rates and US-China trade friction, Asia is now better positioned to weather the volatility.

"We believe investors will see real value emerging in Asian corporates after the recent market tantrums and should capitalise on the opportunity," Chong said.

Maybank observed that the region's growth is underpinned by the improvement in trade prospects, big-ticket infrastructure projects, resilience in domestic demand, and the aggressive drive by some governments to develop industries related to information technology and e-commerce through investment incentives.

Touching on Malaysia, Chong pointed to the government's commitment to adopt fiscal reforms and to narrow the fiscal deficit.

"Malaysia's economy remains fundamentally robust, supported by a young demographic, rising oil prices and a reformist government which remains committed and open to trade and foreign investments.

"Following the recent market correction, the FBM KLCI is now priced attractively at 15.4 times on 12 months forward earnings as of June 19, 2018. This puts it at the lower end of its trading range of 15.4 times to 17.3 times over the past three years," he said.

More than 400 delegates from 23 countries including 118 funds across Europe with a combined US$19 trillion in assets under management attended Invest UK Asia.
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Re: KLSE starting to collapse
« Reply #9658 on: June 21, 2018, 05:53:38 PM »
Guan Eng: Govt to inject RM2.8bil to complete Tun Razak Exchange to prevent further losses

Read more at https://www.thestar.com.my/news/nation/2018/06/21/tun-razak-exchange-to-be-continued-says-guan-eng-to-prevent-further-losses/#OVZIf6i88v3F3jMt.99

Online Teosh

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Re: KLSE starting to collapse
« Reply #9659 on: June 21, 2018, 06:10:16 PM »
Talk so much at the end still need to hold responsible and pay
 :D :D :D :D :D

Guan Eng: Govt to inject RM2.8bil to complete Tun Razak Exchange to prevent further losses

Read more at https://www.thestar.com.my/news/nation/2018/06/21/tun-razak-exchange-to-be-continued-says-guan-eng-to-prevent-further-losses/#OVZIf6i88v3F3jMt.99
AIRASIA
TSRCAP
Nextgram
TA

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Re: KLSE starting to collapse
« Reply #9660 on: June 21, 2018, 06:58:16 PM »
Guan Eng: Govt to inject RM2.8bil to complete Tun Razak Exchange to prevent further losses

Read more at https://www.thestar.com.my/news/nation/2018/06/21/tun-razak-exchange-to-be-continued-says-guan-eng-to-prevent-further-losses/#OVZIf6i88v3F3jMt.99

No eyes see
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Re: KLSE starting to collapse
« Reply #9661 on: June 21, 2018, 07:52:35 PM »
No eyes see

DON'T  BE  P O N D A N  , OLIENT   ;) :giggle: :giggle: :rofl:

mine  WARRANTS   + PENNY   >> remained SOLID  + Unscratch :thumbsup: :cash: :cash:

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Re: KLSE starting to collapse
« Reply #9662 on: June 21, 2018, 08:27:36 PM »
DON'T  BE  P O N D A N  , OLIENT   ;) :giggle: :giggle: :rofl:

mine  WARRANTS   + PENNY   >> remained SOLID  + Unscratch :thumbsup: :cash: :cash:

Dont be a dog DOGKIM. It's glad to know that you are still alive  :thumbsup:
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Re: KLSE starting to collapse
« Reply #9663 on: June 22, 2018, 12:33:11 AM »
KUALA LUMPUR: Macquarie Capital Securities (Malaysia) Bhd has issued a total of 1,000 structured warrants in Malaysia since its debut in October 2014, with the latest being the issuance of 12 new warrants on Thursday.

The global financial services provider said on Thursday that over the past three years, Macquarie has been the leading warrant issuer in Malaysia, driving education, new technology and keeping investors informed via the structured warrants website malaysiawarrants.com.my.

Macquarie is committed to providing the highest quality market making. Year to date, Macquarie has commanded the leading market share, with 60.1% of the Malaysian warrant market turnover.

It said following the stamp duty exemption for structured warrants in 2018, investors can now trade warrants without paying any stamp duty, making warrants more attractive to traders and investors alike.

Recall that the exemption was provided by the government as an incentive to boost trading, liquidity and vibrancy in the local market.

“This appears to have been successful, with warrant volumes increasing 163% (compared to the same period last year) since the exemption was introduced,” it said.

Macquarie said there has been greater volatility in the Malaysian and global equity markets due to rising global geopolitical tensions, trade tensions between China and the US, and Malaysia’s General Election (GE) all adding to investor uncertainty.

“These dynamics contributed to the strong growth of the structured warrants market from end 2017, with structured warrants turnover increasing to an average of RM97.5mil per day for the first five months of 2018 (5M2018), compared to an average of RM25mil per day in 2017.

“The daily turnover hit a high of RM613.1mil on April 6, 2018, which represented a whopping 40.2% of the total turnover on the whole of the Bursa for that day,” it said.

With the local market becoming increasingly uncertain, warrants over Malaysian single stocks took up a smaller piece of the warrants market, constituting 52.3% of 5M2018 warrants turnover, compared to 79.2% in 2017.

Warrants over Sapura Energy , Supermax, Hengyuan Refining and My E.G. Services were actively traded during this period due to renewed volatility, especially around the GE period. 

Index warrants were actively traded from March 2018 onwards, particularly the call and put warrants over the Hang Seng Index (HSI), which made up 43.9% of the warrants turnover from January to May.

So far, Macquarie is the only structured warrants issuer to list structured warrants over the HSI on the Bursa. These warrants allow investors to gain a leveraged exposure to the HSI while trading on the local exchange.

Barnaby Matthews, head of equity derivatives products for Macquarie in Asia said: “Our primary focus remains on education and delivery of information on warrants.  Last year we held more than 25 free seminars for local investors.

“We believe that as investors become more knowledgeable in their investing, the market will continue to grow,” he added.

“The recent rise in trading activity reflects further growth potential in the Malaysian warrant market. As volatility in the market increases, we expect the shift to index warrants to continue, particularly for investors looking to profit from any short term falls in prices, as put warrants are one of the few ways that Malaysian investors can profit from falls in the stock market,” added Matthews.

Bursa Malaysia Bhd CEO Datuk Seri Tajuddin Atan congratulated Macquarie on the issuance of its 1,000th structured warrant for listing on Bursa Malaysia.

He said the Malaysian warrant market continues to show promising growth, with increased investor appetite towards more sophisticated products.

“Education also remains a key component in the success of this investment tool, and I am pleased to acknowledge Macquarie’s exemplary commitment towards investor education and efforts to further widen the product range available to investors,” said Tajuddin.
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Re: KLSE starting to collapse
« Reply #9664 on: June 22, 2018, 12:33:41 AM »
KUALA LUMPUR (June 21): Malaysian palm oil futures were set for a fourth straight day of losses on Thursday, as weak sentiment persisted due to concerns about a trade war
between China and the U.S. and on losses in U.S. soyoil.

The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange was down 0.2 percent at 2,257 ringgit ($562.84) per tonne at the midday break.

Trading volumes stood at 21,518 lots of 25 tonnes each at noon. <1FCPO-TOT>

"The palm market is taking a breather after the massive sell-offs in China markets... but overall market sentiment is still negative," said a Singapore-based trader.

Palm oil had seen sharp declines earlier in the week, falling as much as 3 percent to two-year lows on Tuesday, tracking related edible oils on the U.S. Chicago Board of Trade (CBOT) and China's Dalian Commodity Exchange.
   
Prices of commodities in China tumbled as investor sentiment was shaken by an intensifying trade war between Beijing and Washington.

Another trader added that palm also declined tracking weaker CBOT soyoil. The Chicago July soybean oil contract was last down 0.7 percent on Thursday.

Meanwhile, the September soybean oil on China's Dalian Commodity Exchange edged up 0.1 percent, while the Dalian September palm oil contract rose 1.3 percent.

Palm oil prices track the performance of other edible oils, as they compete for a share in the global vegetable oils market.
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Re: KLSE starting to collapse
« Reply #9665 on: June 22, 2018, 12:36:35 AM »
(吉隆坡21日讯)富时隆综指周四再跌1%,距离两个月前的高峰,累计跌幅已达11%或204点,不但失守1700点关键水平,综指看似已陷入所谓的调整期。

综指已经连续第9日走跌,逐步滑向2月份以来的最低水平。

今早,综指以1710.44点开跑,随后微扬至1710.71点的全天最高点。

接着,综指便逆转向下跌破1700点,下探至1681.89点的全天最低水平,跌幅深达27.86点,或1.63%。

闭市时,综指稍微收窄跌幅,报1692.32点,全天挫17.43点,或1.019%。

新加坡Standard Life投资高级投资经理克里斯托弗认为,随着新政府尝试找出财务问题的根源,马股近期的前景将持续艰难。

“不过,我相信事情会在中期内获得改善。”

马股已成为世界表现最糟的市场之一。外资因我国的国家债务可能会走高而撤离市场,自5月份开始,外资每日都从马股流出。

而分析员也下砍净利预测,导致大马股市取代韩国,成为亚太市场净利预测被下修最多的市场。

周四综指下跌,领跌的是马电讯(TM,4863,主板贸服股),盘中一度急退12%,因市场担忧固线宽频价格会大降。
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Re: KLSE starting to collapse
« Reply #9666 on: June 22, 2018, 12:36:59 AM »
黄德明力排众议入场吸纳

不过,Areca资本总执行长黄德明的看法则别具一格,即相信综指未来的表现会更好,并预计下半年的净利会重拾动力。

“现在是时候将我们有的现金,投资在风险中等的组合。”黄德明目前正负责管理约7亿令吉的投资组合。

他预计,首相敦马哈迪所祭出的在外资新政策和政府开销,将驱动综指下半年的净利表现重拾动力。

黄德明说,他是精挑细选股项的人,看好电子电器股项,因令吉疲弱对出口商有利,另外,也青睐消费者和汽车股,因消费税归零。

另外,他也乐观看待贷款增长会有改善,因此也看好银行股。

“大马不贵也不便宜,我期待第三季和末季的净利表现。”

根据彭博社,目前,综指正以预测净利15.9倍的水平交易,约是5年平均表现。
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Re: KLSE starting to collapse
« Reply #9667 on: June 22, 2018, 12:37:20 AM »
章荣泉:亚洲基本面强稳

另外,马银行金英总执行长拿督章荣泉在伦敦出席“投资亚洲英国大会”上也说,虽然中美贸易战和美国升息的潜能捎来逆风,但亚洲的整体基本面仍强稳,增长前景也强韧。

他认为,投资者应该将目光放远,超越短期的吵杂声,并专注于区域长期的增长前景,因这些国家预计会比发达国家经济体更出色。

“大马经济的基本面强稳,这由年轻的人口、高涨的油价和新政府所支撑,因政府持续致力于推动外资及对贸易持开放态度。”
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Re: KLSE starting to collapse
« Reply #9668 on: June 22, 2018, 01:03:54 AM »
KUALA LUMPUR (June 21): Malaysian palm oil futures fell for a fourth straight day on Thursday, hitting a two-year low, as weak sentiment persisted due to concerns about a trade war between China and the United States and on losses in U.S. soyoil.

The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange was down 0.5% at 2,251 ringgit (US$560.79) per tonne at the close.

It earlier fell to an intra-day low of 2,238 ringgit, matching Tuesday's lowest levels and is at its weakest levels since July 2016.

Trading volumes stood at 59,361 lots of 25 tonnes each at the close.

"The palm market is taking a breather, after the massive sell-offs in China markets... But overall market sentiment is still negative," said a Singapore-based trader.

Palm oil had seen sharp declines earlier in the week, falling as much as 3% to two-year lows on Tuesday, tracking related edible oils on the U.S. Chicago Board of Trade (CBOT) and China's Dalian Commodity Exchange.

Prices of commodities in China tumbled, as investor sentiment was shaken by an intensifying trade war between Beijing and Washington.

Another trader added that palm also declined tracking weaker CBOT soyoil. The Chicago July soybean oil contract was last down 0.6% on Thursday.

Meanwhile, September soybean oil on China's Dalian Commodity Exchange was slightly down by 0.04%, while the Dalian September palm oil contract rose 1.5%.

Palm oil prices track the performance of other edible oils, as they compete for a share in the global vegetable oils market.
       
 Palm, soy and crude oil prices at 1110 GMT

 Contract          Month    Last  Change     Low   High   Volume
 MY PALM OIL       JUL8     2254   -7.00    2245   2262     1226
 MY PALM OIL       AUG8     2249   -8.00    2239   2274     5445
 MY PALM OIL       SEP8     2249  -11.00    2238   2276    23655
 CHINA PALM OLEIN  SEP8     4696  +68.00    4664   4716   292576
 CHINA SOYOIL      SEP8     5490   -2.00    5478   5518   303802
 CBOT SOY OIL      JUL8    29.19   -0.18   29.01  29.45     4218
 INDIA PALM OIL    JUN8   629.30   -3.10  628.60  632.6      487
 INDIA SOYOIL      JUL8   745.05   -0.55   743.5    748    15890
 NYMEX CRUDE       AUG8    64.90   -0.81   64.34  65.80   174205

 Palm oil prices in Malaysian ringgit per tonne
 CBOT soy oil in U.S. cents per pound
 Dalian soy oil and RBD palm olein in Chinese yuan per tonne
 India soy oil in Indian rupee per 10 kg
 Crude in U.S. dollars per barrel
 
(US$1 = 4.0140 ringgit)
(US$1 = 68.0100 Indian rupees)
(US$1 = 6.4973 Chinese yuan)
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Re: KLSE starting to collapse
« Reply #9669 on: June 22, 2018, 07:24:52 AM »
U.S. subsidiaries of six foreign lenders, including Deutsche Bank, Credit Suisse Group AG and UBS Group AG, also go through the test and had their results publicly released for the first time.

WASHINGTON: The 35 largest U.S. banks are poised to put more money toward dividends, share buybacks and business investments, after clearing the first stage of an annual regulatory stress test on Thursday, showing they have enough capital to withstand an extreme recession.

Although the lenders would suffer $578 billion in total losses in the Federal Reserve's most severe scenario to date, their level of high-quality capital would be greater than the threshold that regulators demand - and above levels seen immediately leading up to the 2007-2009 crisis, the Fed said.

Thursday’s results are the first of a two-part exam, showing whether banks would meet minimum requirements under the Fed’s methodology, using materials they submitted. Some might still stumble in next week's second, tougher test, which includes operational factors like risk management.

"This is the science and next week is the art," said Mike Alix, financial services risk leader at PwC. "This is the mathematical calculation that shows there are robust levels of capital for most firms. Next week will be the judgment."

The Fed introduced the stress tests during the financial crisis to ensure the strength of the banking industry, whose ability to lend is considered crucial to the health of the economy.

Since the first test in 2009, banks have seen losses abate, loan portfolios improve and profits grow. The banks that now undergo the exam have also strengthened their balance sheets by adding more than $800 billion in top-notch capital, the Fed said.

U.S. subsidiaries of six foreign lenders, including Deutsche Bank, Credit Suisse Group AG and UBS Group AG, also go through the test and had their results publicly released for the first time.

Deutsche Bank, whose U.S. operations have been under intense regulatory scrutiny, also easily met all the minimum capital requirements, as did Credit Suisse and UBS, the results showed.

Other banks tested include household names like JPMorgan Chase & Co, Citigroup Inc, Bank of America Corp and Wells Fargo & Co, as well as major regional lenders like Capital One Financial Corp, PNC Financial Services Group Inc and U.S. Bancorp and Wall Street banks Goldman Sachs Group Inc and Morgan Stanley.

Banks investors view the test as a hurdle for capital returns through stock buybacks and dividends. It could also boost the case for regulatory relief promised by the Trump administration.

The Fed increases the difficulty of the test as the broader economic environment improves. This year the test features a severe global recession with the U.S. unemployment rate rising by almost 6 percentage points to 10 percent, accompanied by a steepening Treasury yield curve.

Some banks' results were hurt this time by the new federal tax law, which changed the impact of past losses on hypothetical tax bills under the scenarios, senior Fed officials said.

The second portion of the test will be released on Wednesday. Those results will determine whether the Fed approves or denies capital plans. Banks now have an opportunity to resubmit those plans if they find their own projections were much sunnier than the Fed's. - Reuters
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Re: KLSE starting to collapse
« Reply #9670 on: June 22, 2018, 07:26:25 AM »
Today's movie KLSE COLLAPSION episode 10  :clap:
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Re: KLSE starting to collapse
« Reply #9671 on: June 22, 2018, 07:30:04 AM »
KUALA LUMPUR: Malaysian palm oil futures fell for a fourth straight day on Thursday, hitting a two-year low, as weak sentiment persisted due to concerns about a trade war between China and the United States and on losses in U.S. soyoil.

The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange was down 0.5 percent at 2,251 ringgit ($560.79) per tonne at the close.

It earlier fell to an intra-day low of 2,238 ringgit, matching Tuesday's lowest levels and is at its weakest levels since July 2016.

Trading volumes stood at 59,361 lots of 25 tonnes each at the close.

"The palm market is taking a breather after the massive sell-offs in China markets... But overall market sentiment is still negative," said a Singapore-based trader.

Palm oil had seen sharp declines earlier in the week, falling as much as 3 percent to two-year lows on Tuesday, tracking related edible oils on the U.S. Chicago Board of Trade (CBOT) and China's Dalian Commodity Exchange.

Prices of commodities in China tumbled as investor sentiment was shaken by an intensifying trade war between Beijing and Washington.

Another trader added that palm also declined tracking weaker CBOT soyoil. The Chicago July soybean oil contract was last down 0.6 percent on Thursday.

Meanwhile, September soybean oil on China's Dalian Commodity Exchange was slightly down by 0.04 percent, while the Dalian September palm oil contract rose 1.5 percent.

Palm oil prices track the performance of other edible oils, as they compete for a share in the global vegetable oils market. - Reuters
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Re: KLSE starting to collapse
« Reply #9672 on: June 22, 2018, 07:30:42 AM »
The Dow Jones Industrial Average fell 196.1 points, or 0.8 percent, to 24,461.7, the S&P 500 lost 17.56 points, or 0.63 percent, to 2,749.76 and the Nasdaq Composite <.IXIC> dropped 68.56 points, or 0.88 percent, to 7,712.95. The pan-European FTSEurofirst 300 index <.FTEU3> lost 0.93 percent and MSCI's gauge of stocks across the globe shed 0.63 percent. Emerging market stocks lost 1.20 percent. Argentina's MSCI stock index, however, rose 5.2 percent, its biggest one-day percentage gain since October.

NEW YORK: Stocks around the world fell on Thursday and the U.S. dollar slipped from a peak as investors flocked to bonds on worries about a U.S.-China trade war.

A weaker-than-expected U.S. economic indicator also hit confidence.

Oil futures settled lower before an OPEC meeting expected to increase the world's supply of crude. [O/R]

The dollar fell from an 11-month high against a basket of major currencies after the Philadelphia Federal Reserve's gauge of U.S. Mid-Atlantic business activity fell to a near 1-1/2 year low.

U.S. equity investors sold shares as they got some specific indications on the potential impact of President Donald Trump's trade tariff stand-off with China. German carmaker Daimler <DAIGn.DE> cut its earnings forecast late on Wednesday, saying tariffs on cars sent from the United States to China would hurt Mercedes-Benz car sales.

Also of concern was the U.S. immigration crisis after Trump backed off an unpopular hardline policy that had led to children being separated from their parents when they crossed illegally into the United States from Mexico.

"The headlines seem to be motivating the market. The immigration issue and trade," said Phil Blancato, chief executive of Ladenburg Thalmann Asset Management in New York. "It leads to a lack of confidence in the administration's ability to push its economic agenda forward."

The Dow Jones Industrial Average fell 196.1 points, or 0.8 percent, to 24,461.7, the S&P 500 lost 17.56 points, or 0.63 percent, to 2,749.76 and the Nasdaq Composite <.IXIC> dropped 68.56 points, or 0.88 percent, to 7,712.95.

The pan-European FTSEurofirst 300 index <.FTEU3> lost 0.93 percent and MSCI's gauge of stocks across the globe shed 0.63 percent.

Emerging market stocks lost 1.20 percent.

Argentina's MSCI stock index, however, rose 5.2 percent, its biggest one-day percentage gain since October.

Index provider MSCI said late on Wednesday it would reclassify Argentina and Saudi Arabia as emerging market countries next year, broadening the investor base for both countries.

U.S. Treasuries were also impacted by trade concerns and the Philly Fed index. Benchmark 10-year notes <US10YT=RR> last rose 8/32 in price to yield 2.8986 percent, from 2.928 percent late on Wednesday.

The 30-year bond <US30YT=RR> last rose 13/32 in price to yield 3.0433 percent, from 3.064 percent late on Wednesday.

The dollar index <.DXY> fell 0.2 percent, with the euro <EUR=> up 0.29 percent to $1.1604.

The Japanese yen strengthened 0.34 percent versus the greenback at 109.99 per dollar.

Global benchmark Brent crude fell more than 2 percent ahead of a meeting of the Organization of the Petroleum Exporting Countries, where producers were expected to boost output to stabilise prices. But OPEC was struggling to agree on raising output, with Saudi Arabia warning of supply shortages and price rallies and Iran holding out against a deal.

In the latest trades, U.S. crude <CLcv1> rose 0.09 percent to $65.77 per barrel and Brent <LCOcv1> was last at $73.16, down 2.11 percent on the day.- Reuters
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Re: KLSE starting to collapse
« Reply #9673 on: June 22, 2018, 07:31:49 AM »
KUALA LUMPUR (June 22): The FBM KLCI is expected to remain under pressure today in line with the overnight fall at most global markets, and stay below the 1,700-point level.

Stocks around the world fell on Thursday and the U.S. dollar slipped from a peak as investors flocked to bonds on worries about a U.S.-China trade war, according to Reuters.

A weaker-than-expected U.S. economic indicator also hit confidence, it said.

The Dow Jones Industrial Average fell 196.1 points, or 0.8 percent, to 24,461.7, the S&P 500 lost 17.56 points, or 0.63 percent, to 2,749.76 and the Nasdaq Composite dropped 68.56 points, or 0.88 percent, to 7,712.95, said Reuters.

Meanwhile, the European Commission on Wednesday said the Union will start charging import duties of 25 percent on a range of U.S. products from Friday after Washington imposed tariffs on EU steel and aluminium at the start of June.

Based on corporate announcements and news flow yesterday, companies in focus today may include the following: Jag Bhd, Berjaya Food Bhd, Sapura Energy Bhd, XOX Bhd, Aeon Credit Service (M) Bhd and Multi-Usage Holdings Bhd.
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Re: KLSE starting to collapse
« Reply #9674 on: June 22, 2018, 08:38:54 AM »
The FBM KLCI is expected to remain under pressure today in line with the overnight fall at most global markets, and stay below the 1,700-point level.

Today 1680 or 1670 ?  :handshake:
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Re: KLSE starting to collapse
« Reply #9675 on: June 22, 2018, 09:36:34 AM »
-10.06
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Re: KLSE starting to collapse
« Reply #9676 on: June 22, 2018, 09:37:08 AM »
-9.31
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Re: KLSE starting to collapse
« Reply #9677 on: June 22, 2018, 10:46:52 AM »
foreign fund out flow
oct 9,  2017     82.9m
oct 23, 2017    71.4m
oct 30, 2017    92m
nov 6,  2017    28.6m
nov 20,2017    297.1m
....

mar 5,2018    297.1m
mar 12,2018    299.1m
mar 19,2018    141.2m
mar 26,2018    447.1m
apr 2,2018   301m
apr 9,2018   328m
apr 16,2018   324.7m
apr 30,2018   24.6m
may 21,2018   2.48b
may 28,2018   892m
june 4,2018   1.27b
june 11,2018  903.1m
june 18,2018   1.21b
june 25,2018   ?2b
"The only conquests which are permanent and leave no regrets are our conquests over ourselves"    Quote from Napolean Bonaparte

Politicians like to rally the masses to stage conquest  against "the enemy",  the real intent is  actually...$ $

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Re: KLSE starting to collapse
« Reply #9678 on: June 22, 2018, 11:17:59 AM »
correct,

lari ... the onli way to protect our hard earn moni  :D :D

a lot of our hard earn moni oredi got burn to ashes by the mkt fire. Onli tiny balance left.  :'( :'( :'(

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Re: KLSE starting to collapse
« Reply #9679 on: June 22, 2018, 11:22:11 AM »
Paper loss is still a loss ! A non stop torturing pain when look at lah  :'( :'( :'(

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Re: KLSE starting to collapse
« Reply #9680 on: June 22, 2018, 12:07:29 PM »
foreign fund out flow
oct 9,  2017   sell  82.9m
oct 23, 2017  sell  71.4m
oct 30, 2017   sell 92m
nov 6,  2017  sell  28.6m
nov 20,2017  sell  297.1m
nov 27 2017  buy 88m
dec 4,2017    buy 273.3m
dec 11,2017  buy 337.7m
dec 18,2017  buy 500m
dec 26,2017  sell 38.2
jan 2,2018    buy 330m
jan 7 ,2018   buy 915m
jan 15,2018  buy 772m
jan 22,2018  buy 705m
feb 7, 2018   buy 3.38b
feb 12,2018  sell 1.75b
feb 19,2018   buy 4.5m
feb 26,2018   buy 90.9m
mar 5,2018    sell 297.1m
mar 12,2018  sell  299.1m
mar 19,2018  sell 141.2m
mar 26,2018  sell 447.1m
apr 2,2018     sell  301m
apr 9,2018     sell  328m
apr 16,2018   sell 324.7m
apr 30,2018   sell 24.6m
may 21,2018  sell 2480m
may 28,2018  sell 892m
june 4,2018   sell 1270m
june 11,2018  sell 903.1m
june 18,2018  sell 1210m
june 25,2018   ?2b
"The only conquests which are permanent and leave no regrets are our conquests over ourselves"    Quote from Napolean Bonaparte

Politicians like to rally the masses to stage conquest  against "the enemy",  the real intent is  actually...$ $

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Re: KLSE starting to collapse
« Reply #9681 on: June 22, 2018, 01:02:39 PM »
Paper loss is still a loss ! A non stop torturing pain when look at lah  :'( :'( :'(

U know how it feels  :handshake:
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Re: KLSE starting to collapse
« Reply #9682 on: June 22, 2018, 01:05:16 PM »
foreign fund out flow
oct 9,  2017     82.9m
oct 23, 2017    71.4m
oct 30, 2017    92m
nov 6,  2017    28.6m
nov 20,2017    297.1m
....

mar 5,2018    297.1m
mar 12,2018    299.1m
mar 19,2018    141.2m
mar 26,2018    447.1m
apr 2,2018   301m
apr 9,2018   328m
apr 16,2018   324.7m
apr 30,2018   24.6m
may 21,2018   2.48b
may 28,2018   892m
june 4,2018   1.27b
june 11,2018  903.1m
june 18,2018   1.21b
june 25,2018   ?2b

 :phew: :phew: :phew:
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Re: KLSE starting to collapse
« Reply #9683 on: June 22, 2018, 01:15:49 PM »
KUALA LUMPUR (June 22): The FBM KLCI pared much of its loss at the midday break today as index-linked banking stocks advanced for the benchmark index to regain some lost ground.

At 12.30pm, the FBM KLCI was down 2.45 points to 1,689.87. The index had earlier slipped to its intra-morning low of 1,768.03.

Losers led gainers by 288 to 208, while 550 counters traded unchanged. Volume was 944.01 million shares valued at RM829.76 million.

The top losers included British American Tobacco (M) Bhd, KESM Industries Bhd, Ayer Holdings Bhd, Tenaga Nasional Bhd, Superlon Holdings Bhd, Kuala Lumpur Kepong Bhd, PPB Group Bhd, Kossan Rubber Industries Bhd, MISC Bhd and Time dotCom Bhd.

The actives included Sapura Energy Bhd, PUC Bhd, My E.G. Services Bhd, Telekom Malaysia Bhd, Iris Corp Bhd, YTL Corp Bhd and Berjaya Corp Bhd.

The gainers included United Plantations Bhd, Fraser & Neave Holdings Bhd, Public Bank Bhd, Hong Leong Financial Group Bhd, Hong Leong Bank Bhd, RHB Bank Bhd and Dutch Lady Milk Industries Bhd.

Asian shares slid to their lowest in six months on Friday, on signs US trade battles with China and many other countries are starting to chip away at corporate profits, while oil prices were choppy ahead of an OPEC meeting to discuss raising output, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan dropped as much as 0.35% at one point to touch its lowest since early December, it said.

Kenanga IB Research said Asian markets closed mostly lower yesterday, with China's markets falling once again amidst trade war tensions.

It said that similarly, the FBM KLCI declined 17.43 points (1.02%) to end at 1,692.32, on the back of a hugely negative broader market with 748 losers against only 199 gainers, while 357 counters traded unchanged.

"Technically, the index remains bearishly biased at this juncture. Recent trend lines are highly negative, with key SMAs currently in a "Death Cross", while the MACD [has] also formed a bearish crossover.

"From here, look towards supports at 1,680 (S1) and possibly 1,615 (S2).

"Should a turnaround occur, overhead resistances can be found at 1,720 (R1) and 1,760 (R20)," it said.
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Re: KLSE starting to collapse
« Reply #9684 on: June 22, 2018, 01:16:39 PM »
KUALA LUMPUR: Bursa Malaysia resumed its slide in Friday morning trade as Asian equity slid to yearly lows as the US trade war threatened to erode corporate profits.

While Public Bank managed to snap 10 consecutive sessions of losses, Tenaga Nasional and telco heavyweights weighed down the index.

The local benchmark index reached as low as 1,678 in the early session, it partially retraced losses to end  2.45 points lower at 1,698.87 at midday.

Turnover for the morning session was 944.01 million shares with a value of RM829.76mil. There were 379 decliners versus 275 gainers and 392 counters unchanged.

Tenaga Nasional dropped 30 sen to RM13.64, while Maxis slipped 10 sen to RM5.47 and Axiata slid eight sen to RM4.25. MISC dipped 13 sen to RM5.87.

In the plantations sector, Sime Darby Plantation lost eight sen to RM5.27, KL Kepong slid 20 sen to RM23.58 and PPB dropped 16 sen to RM19.36.

Meanwhile, banks rebounded after having been pulled lower over the last two trading weeks.

Public Bank rose 36 sen to RM22.98, Maybank gained two sen to RM9.19, Hong Leong Bank put on 18 sen to RM18.08 and RHB added 15 sen to RM5.63. CIMB was unchanged at RM5.83.

Superlon Holdings saw heavy selling pressure following the announcement of its financial results, dropping 28 sen to RM1.24.

Carlsberg pared losses from the previous session, rising 30 sen to RM19.68 while Dutch Lady retraced yesterday's decline, rising 30 sen to RM67.50.
 
Oil prices were lifted on Friday amid uncertainty over whether Opec would decide to boost production at the meeting in Vienna later today.

WTI crude gained 82 cents to US$66.35 a barrel while Brent crude rolse 84 cents to US$73.89 a barrel.

In currencies, the ringgit was little changed against the greenback at 4.0110. It was also unmoved against the pound sterling at 5.3202 and Singapore dollar at 2.9547.
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Re: KLSE starting to collapse
« Reply #9685 on: June 22, 2018, 01:17:33 PM »
(吉隆坡22日讯)投资者仍担忧贸易战冲击,导致亚洲股市起伏不定且起落参半。

截至中午12半休市,富时隆综指报1689.87点,跌2.45点。成交量有9亿4401万4100股,成交值8亿2976万772令吉。

上升股275只,下跌股379只,392只无起落,880只无交易。

富时大马全股项指数休市报11934.57点,跌22.32点。

截至中午12点半,令吉汇率报4.0130兑1美元。
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Re: KLSE starting to collapse
« Reply #9686 on: June 22, 2018, 01:24:32 PM »
(吉隆坡22日讯)在全球贸易战阴影笼罩,投资者情绪依然紧张,马股跟随区域股市走势,今早下跌0.66%。

截至10时,富时隆综指跌11.02点,报1681.30点。

下跌股达277只、上升股177只,283只无起落。成交量有3亿9865万股,值2亿8286万令吉。

主要下跌股包括British American Tobacco (M) Bhd、Kuala Lumpur Kepong Bhd、Nestle (M) Bhd、Ayer Holdings Bhd、KESM Industries Bhd、Superlon Holdings Bhd、PPB Group Bhd、Tenaga Nasional Bhd和Carlsberg Brewery Malaysia Bhd。

热门股有Sapura Energy Bhd、My E.G. Services Bhd、Telekom Malaysia Bhd、Berjaya Corp Bhd、Nova MSC Bhd和Kretam Holdings Bhd。

上升股则有United Plantations Bhd、Fraser & Neave Holdings Bhd、Mega First Corp Bhd、Chemical Company of Malaysia Bhd、Apex Healthcare Bhd、Telekom Malaysia Bhd和RHB Bank Bhd。

路透社报道,亚洲股市周五承压,因美国与中国及许多其他国家的贸易战开始削减企业盈利,而油价在主要产油国会议前波动。

MSCI明晟亚太地区(除日本)指数盘初几乎没变动,仅略高于周二触及的6个月低位。日本日经指数跌1%。

丰隆投资银行研究指出,市场情绪仍受制于贸易战持续紧张的局势,且如果Donald Trump政府近期有新的消息公布,整体股市可能会进一步下跌。

“同时,投资者可能关注一些主要经济数据,包括今日稍后公布的采购经理人指数(PMI)和服务PMI。”

本地股市方面,该研究机构表示,在贸易紧张局势下,马股可能受到影响,并在近期内走低。

“投资者需要更清楚希望联盟政府制定的政策。”

“如果有任何负面消息,综指可能延续回撤阶段。因此,短期上行将受限。”
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Re: KLSE starting to collapse
« Reply #9687 on: June 22, 2018, 01:24:56 PM »
KUALA LUMPUR (June 22): The FBM KLCI fell 0.66% at mid-morning today, tracking losses at the regional markets as investor sentiment remained jittery given the spectre of a global trade war.

At 10am, the FBM KLCI fell 11.02 points to 1,681.3.

Losers led gainers by 277 to 177, while 283 counters traded unchanged. Volume was 398.65 million shares valued at RM282.86 million.

The top losers included British American Tobacco (M) Bhd, Kuala Lumpur Kepong Bhd, Nestle (M) Bhd, Ayer Holdings Bhd, KESM Industries Bhd, Superlon Holdings Bhd, PPB Group Bhd, Tenaga Nasional Bhd and Carlsberg Brewery Malaysia Bhd.

The actives included Sapura Energy Bhd, My E.G. Services Bhd, Telekom Malaysia Bhd, Berjaya Corp Bhd, Nova MSC Bhd and Kretam Holdings Bhd.

The gainers included United Plantations Bhd, Fraser & Neave Holdings Bhd, Mega First Corp Bhd, Chemical Company of Malaysia Bhd, Apex Healthcare Bhd, Telekom Malaysia Bhd and RHB Bank Bhd.

Asian shares were under pressure on Friday on signs US trade battles with China and many other countries are starting to chip away at corporate profits, with oil prices choppy ahead of major producers meeting to discuss raising output, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan was little changed in early trade, stuck barely above its six-month low hit on Tuesday. Japan's Nikkei lost 1%, it said.

Hong Leong IB Research in a traders' brief said the market sentiment will still be affected by the ongoing trade war tensions and stocks overall could take further beating should there be new announcements by the Trump administration over the near term.

"Meanwhile, some major economic data that traders could focus are the Manufacturing Purchasing Managers' Index (PMI) and Services PMI that will be released later today," it added.

On the outlook for the FBM KLCI, it said as the market prices in the trade tensions development, the local bourse would be affected and may trade lower over the near term.

"Internally, investors will need to get more clarity on policies crafted by the Pakatan Harapan-led government.

"Should there be any negative surprises, we may see extended retracement phase on KLCI. Hence, upside likely to be capped over the near term," it said.
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Re: KLSE starting to collapse
« Reply #9688 on: June 22, 2018, 06:01:53 PM »
Still below 1700  :clap:
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Re: KLSE starting to collapse
« Reply #9689 on: June 23, 2018, 09:25:53 AM »
KUALA LUMPUR: Former Bank Negara Malaysia (BNM) governor Tan Sri Dr Zeti Akhtar Aziz has given the thumbs up to the appointment of Datuk Nor Shamsiah Mohd Yunus as the new governor.

She lauded it as an excellent decision and that the appointment reflected the respect the Govern­ment has for the central bank as an important institution.

“I think this is what the market wants to see, an institution that remains independent in performing its function.

“She will hit the ground running,” Zeti commented.

Nor Shamsiah was officially an­nounced as the new governor yesterday, replacing Tan Sri Muham­mad Ibrahim whose last day was on June 15. She was Dr Zeti’s number two.

Nor Shamsiah had worked with the central bank for nearly 30 years before she left on Nov 15, 2016, amidst a clampdown by the previous government on people who probed the 1Malaysia Development Bhd.

The 54-year-old then joined the International Monetary Fund (IMF) in April last year as the assistant director of the monetary and capital markets department there.

Dr Zeti, speaking to reporters at the Council of Eminent Persons’ meeting yesterday, said Nor Sham­siah’s appointment reflected her capabilities.

“Her position at the IMF was because of her qualifications, and she’s recognised internationally in her area of speciality, which is financial stability,” said Dr Zeti.

Meanwhile, Nomura Global Mar­kets Research said Nor Shamsiah’s appointment implied continuity in the direction and conduct of monetary policy.

“Like Muhammad, she served as deputy governor under Dr Zeti and was a member of the monetary policy committee.

“We maintain our forecast of the policy rate being left unchanged through the rest of this year, as we forecast GDP growth slowing to 5.1% in 2018 from 5.9% in 2017, below Bank Negara’s 5.5 to 6.0% forecast,” it said, adding that consumer price index inflation would also likely fall sharply to 1.3% in 2018 from 3.7% in 2019, below Bank Negara’s 2 to 3% forecast.

Finance Minister Lim Guan Eng, who introduced Nor Shamsiah at a press conference in Putrajaya yesterday, described her as “very capable” and “well respected internationally”.

He said Yang di-Pertuan Agong Sultan Muhammad V had consented to the appointment on June 19.

“Prime Minister Tun Dr Mahathir Mohamad forwarded his recommendation on June 18 to the Yang di-Pertuan Agong that Datuk Nor Shamsiah be appointed as the BNM governor for a term of five years effective from July 1,” he said.

Nor Shamsiah said she accepted the appointment with an “utmost sense of honour and responsibility”.

“I will endeavour to carry out the duties of the governor of Bank Negara Malaysia to the best of my ability together with the present team in Bank Negara.

“Bank Negara Malaysia will continue to focus on delivering its mandate of maintaining monetary and financial stability in the best interest of the nation,” she said.
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Re: KLSE starting to collapse
« Reply #9690 on: June 24, 2018, 04:28:17 AM »
Malaysian Bond Market

The local bond market has remained muted as investors demanded higher yields due to the weakening ringgit. The local govvies’ yields fell across the curve with the exception of the 10-year MGS yields which rose 1bps to 4.23%. At Friday’s noon pricing, the 3-, 5-, 7-, 10-, 15-, 20- and 30-year benchmark MGS yields settled at 3.62%, 3.83%, 4.05%, 4.21%, 4.64%, 4.89% and 4.94% respectively.

Trading activities for the benchmark local govvies’ picked up withtrading volume rising to RM6.3bil for the week from RM4.7bil in the week prior.

Meanwhile, trading activities in the secondary corporate bond market slowed down with total trading volume declining to RM0.5bil versus last week’s RM1.4bil. Some 27% of the trading volume was from GG/AAA with 61% from the AA segment and the remaining 12% from the A segment.

In the GG/AAA segment, notable trades included ‘02/19 and ‘09/19 Cagamas Bhd bonds which recorded with yields mixed between 3.88% and 4.18%, with a total trading volume of RM50mil. Besides, 2046-2048 DanaInfra Nasional Bhd tranches registered mixed yields between 5.22% and 5.21% with RM30mil changing hands. Furthermore, interest was seen in ‘12/21 and ‘02/23 Prasarana Malaysia Bhd bonds which closed with yields mixed between 4.20% and 4.28% respectively, and RM20mil traded. Meanwhile, ‘06/22 Genting Capital Bhd ended with yields 7bps higher at 5.10% with a trading volume totalling RM11mil.

Elsewhere in the AA segment, notable trades were seen in the 2026-2035 Southern Power Generation Sdn Bhd tranches which recorded a trading volume of RM50mil with yields mixed between 4.88% and 5.39%. Besides that, interest was seen in 2018 Perbadanan Kemajuan Negeri Selangor tranches posted a trading volume of RM50mil and closed with yields mixed between 4.23% and 4.38%. Meanwhile, ‘10/18 and ‘11/18 Public Bank Bhd bonds, which closed with yields mixed between 4.34% and 4.38%, recorded a total trading volume of RM35mil. Furthermore, ‘01/22 and ‘06/26 Sarawak Energy Bhd bonds registered yields mixed between 4.60% and 4.85% with RM30mil changing hands.

MYR Interest Rate Swap (IRS) Market

As at Friday’s noon pricing, the three-month KLIBOR stood at 3.69%. Elsewhere, the IRS curve moved in tandem with MGS while the five-year CDS inched higher over the week.
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Re: KLSE starting to collapse
« Reply #9691 on: June 24, 2018, 04:35:45 AM »
The market continued to decline last week and the index broke the crucial support level at 1,705 points.

Weak ringgit and falling commodities prices were primary concerns. Furthermore, Bursa Malaysia was not the only market that went south, most global markets suffered the same fate, especially China.

The FBM KLCI fell 3.8 per cent in a week to 1,694.15 points.

Trading volume has increased last week as selling pressure intensified.

The average daily trading volume increased to 2.6 billion shares from 2.3 billion shares two weeks ago and the average daily trading value increased to RM3.3 billion from RM2.5 billion. This indicates more higher market capped stocks, normally traded by institutions, were being targeted.

Foreign institutions continued to sell and last week even heavier. Net sell from foreign institutions was RM1,887 million while net buys from local institutions and local retail were RM1,479 million and RM408 million respectively.

In the FBM KLCI, only three counters closed higher last week. The three gainers were MISC Bhd (1.5 per cent to RM5.92), Petronas Chemicals Group Bhd (0.7 per cent to RM8.40) and KLCC Property Holdings (KLCC REIT) Bhd (0.3 per cent to RM7.55).

The top decliners were Telekom Malaysia Bhd (16.6 per cent to RM3.21), Axiata Group Bhd (10.7 per cent to RM4.26) and Sime Darby Bhd (6.9 per cent to RM2.42).

Global markets were bearish. In Asia, the fell is led by Shanghai which its benchmark index falling to a two-year low. In Europe, Germany led the fall with a 3.3 per cent decline.

However, UK’s market was held firm. US market also declined but its main technology index, the NASDAQ was held firm near historical highs.

The US dollar was firm against major currencies in the past one week.

The US dollar index closed at 94.5 points last Friday as compared to 94.8 points the week before.

The ringgit was slightly weaker against the US dollar at RM4 per US dollar last Friday as compared to RM3.99 the previous week.

In commodities, Crude oil (Brent) rebounded after two weeks of declines and increased 3.4 per cent last week to US$75.53 a barrel on Friday. Gold (COMEX) fell 0.9 per cent in a week to 1,271.10 an ounce. In the local market, crude palm oil futures fell for the third week, declining 2.3 per cent to RM2,282 per metric tonne. The price is trading near a two-year low.

The FBM KLCI broke a crucial support level at 1,705 points last week and this indicates that the bearish pressure is strong, especially from foreign institutions.

The sell down is not only restricted to the local market but also global markets and hence it is a global bearish sentiment towards equities.

Technically, the trend remained bearish below both the short and long term 30- and 200- day moving averages and these averages are declining.

he long term 200-day moving average has declined for the first time since February 2017.

Furthermore, the index is below the Ichimoku Cloud and the expanding Cloud indicates a strong bearish trend.

Momentum indicators like the RSI, MACD and Momentum Oscillator continued to decline and this indicates that the trend is strongly bearish. However, these indicates are at their oversold levels or relatively low prices.

This may attract some buyers who are looking to bargain hunt.

We see some rebound last Friday at the support level of 1,680 points.

We expect to see the index testing the broken support level at 1,705 points this week and if it fails to overcome this level, further downside is seen.

The next support level the index is going to test if it fails to overcome the 1,705 points level is at 1,620 points.

The above commentary is solely used for educational purposes and is the contributor’s point of view using technical al analysis. The commentary should not be construed as an investment advice or any form of recommendation. Should you need investment advice, please consult a licensed investment advisor.
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Re: KLSE starting to collapse
« Reply #9692 on: June 24, 2018, 03:08:05 PM »
Foreign institutions continued to sell and last week even heavier. :S :S :S

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Re: KLSE starting to collapse
« Reply #9693 on: June 25, 2018, 07:31:50 AM »
MALAYSIAN Prime Minister Mahathir Mohamad said the ringgit's fair value now is the same as the peg his previous government established in 1998 during the Asian financial crisis.

Asked on Friday what he saw as fair value for the currency, Dr Mahathir said "3.8". That's more than 5 per cent stronger than its current level against the US dollar, and a rate it hasn't traded at since mid-2015, when turmoil in Chinese financial markets hit developing-nation assets. The currency strengthened 0.3 per cent on Friday after his remarks were published.

"We would like to strengthen our ringgit, but it should be done naturally," said Dr Mahathir, the architect of capital controls in 1998 that were ultimately seen as helping to stabilise the economy, although they were criticised at the time by the International Monetary Fund. He did not elaborate on steps needed to allow for natural appreciation.

Dr Mahathir indicated that the currency is being unfairly punished by the stresses buffeting most emerging markets. An appreciating dollar, propelled by Federal Reserve monetary tightening, along with concern over a US-China trade war have hurt demand for developing nation assets.

"This is actually the problem arising from the state of the world's economy, not just ours," Dr Mahathir said about the ringgit's current valuation.

Analysts are less sanguine about the ringgit's outlook, saying global factors will play a key role in determining its direction.

"I still see broad market movements dominating the ringgit exchange rate going forward," said Gao Qi, a currency strategist at Scotiabank in Singapore. "I'm watching developments in the US-China dispute and four per dollar remains a key level to watch."

Dr Mahathir, 92, took office last month after a surprise election victory more than 14 years after he had stepped down as prime minister. His new administration's warnings that Malaysia's debt is much larger than estimated by the previous government have made some foreign investors wary.

Even so, forecasts since the election show that strategists see the ringgit appreciating in time. The median estimate in a Bloomberg survey is 3.95 for the year-end.
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Re: KLSE starting to collapse
« Reply #9694 on: June 25, 2018, 07:32:14 AM »
(吉隆坡24日訊)投資者對新政府的政策調整採取觀望態度,加上其他海內外隱憂,繼上週跌破關鍵水平后,馬股本週料繼續窄幅波動,投資者可趁機累積特定股項。

分析師也認為,雖然區域股市上周現熊蹤,但以跌幅而言,馬股還沒現熊市。

截至上週五,富馬隆綜指自4月19日的1895.18點閉市新高點,跌了10.61%,至1694.15點。一般上股市從近期高點跌了20%才算陷入熊市,因此分析員普遍相信,國內強勁拋售潮乃短暫的,買家應開始累積特定股項。

從年初至今,富馬隆綜指跌了5.71%,表現僅優于菲律賓、印尼和泰國。

根據財經週刊《The Edge》報導,艾芬投銀高級董事兼研究主管謝艾文(譯音)指出:“我不認為馬股正邁向熊市。反而,我想股市跌越快,反彈也越快,因為顯然的,價值會開始浮現。”

分析師普遍開始看好消費和銀行領域,但謹慎看待建築、建材、能源和通訊領域,主要是受近期政府宣布終止大型項目和結構改變影響。
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Re: KLSE starting to collapse
« Reply #9695 on: June 25, 2018, 07:33:10 AM »
今年內仍波動

另外,樂天交易研究主管余賢彬相信近期的跌勢,為投資者創造了買進機會。

“對我而言,這只是短至中期的低迷,我們不是邁向熊市。近期我們經歷換新政府,有些改革是預期之內的事。這是好事,只是會先帶來一些不確定性,而且很難衡量,有可能在未來幾個月趨向穩定。外資可能會在現在拋售,等待更低的水平再進場。”

他認為,投資者可以開始累積指數相關股項,例如目前有點超賣的馬電訊(TM,4863,主要板貿服),投資者也可考慮銀行股。

興業證券研究主管謝富隆則認為,從年初開始已闡明波動性是今年主要的特徵。

“如果你趁低買進,有一點回升或反彈,就應該快速套利。當然也需要探討具防禦性的領域。”
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Re: KLSE starting to collapse
« Reply #9696 on: June 25, 2018, 07:33:34 AM »
國行新總裁助提振外資信心

拿督諾珊西亞受委出任新任國行總裁,這項消息相信有助提振國內市場。諾珊西亞在1987年加入國行,曾任國行副總裁職6年。

納茲里甘指出:“她在領域內有豐富經驗,這項委任一定能提振外資在馬股的信心。”

財政部長林冠英在週五(22日)宣布,政府委任諾珊西亞為新任國行總裁,任期長達5年,從2018年7月1日至2023年6月30日。她在受委前在國際貨幣基金組織(IMF)服務。

受美中貿易糾紛和外資拋售新興市場影響,馬股過去一週隨亞洲區域股市走跌。

不過,國行委任新總裁和首相敦馬哈迪力撐令吉匯率的言論,成功在上週五止住馬股跌勢,回升1.83點至1694.15點。按週比較,富馬隆綜指下跌67.63點或3.8%,從1761.78點下滑至1694.15點。
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Re: KLSE starting to collapse
« Reply #9697 on: June 25, 2018, 07:34:20 AM »
政企換人外資觀望

Hermana資本總執行長兼首席投資員拿督納茲里甘博士指出,政策調整如政聯企業管理層換人,是投資者選擇觀望的主要因素之一。

“這些改變涉及許多政企的高級管理層,也是外資多年來十分熟悉的人物。這股換人潮使外資選擇留守場外觀望,等待政府對下一步行動釋出更明確詳情。”

不過,納茲里甘相信富馬隆綜指可維持在1680點以上的扶持水平,且國內經濟和財務基本面仍強勁。

繼馬電訊(TM,4863,主要板貿服)董事經理兼集團總執行長拿督斯里莫哈末沙查禮辭職后,大馬機場控股(AIRPORT,5014,主要板貿服)上週五(22日)宣布,董事經理拿督峇里斯漢因合約任期結束退休,成為第二位下台的上市政企高層。
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Re: KLSE starting to collapse
« Reply #9698 on: June 25, 2018, 07:34:50 AM »
中美貿易戰再度升溫,恐慌情緒連累大馬在內的亞州股市,在上週連日走低。同時,希盟執政逾一個月后,外資撤離力度不減,市場人士認為,馬股短期內恐難翻身。

按週比較, 富時大馬綜合指數從前週四(14日) 的1761.78點, 下挫67.63點或3.84%,至1694.15點。

全周成交量從前週的87億零722萬股,起17.11%,至101億9735萬股;成交值從98億3375萬令吉,漲20.12%,至118億1238萬令吉。

英特太平洋證券研究主管馮廷秀接受《東方投資》電訪時指出,雖說綜指連跌9個交易日后,終于在上週五(22日)回升,但他認為,相關反彈或許是迴光返照,綜指可能會繼續走低。

馮廷秀稱,外資可能繼續拋售馬股,而更令他擔心的是,美聯儲(FED)堅持繼續升息,對新興市場和新興貨幣都不利。

「全球正處于升息循環中,若說股市承受的賣壓即將結束,仍言之尚早。」

資深抽佣經紀符之源認同,馬股可能只是短暫反彈。

他指出,內部因素如新政府執政的影響已經消退,外圍因素是拖累馬股上週大跌的罪魁禍首,無論如何,相信綜指可在下週技術性回彈。

他說,中美貿易戰仍無休戰跡象,外圍和國內缺乏其他利好,相信綜指只是短暫的喘息。

「外圍若沒有繼續惡化,綜指有望回彈至1700點之后,維持在相關水平,相信中美貿易戰仍是本週最大的不確定因素。」

達證券技術分析員史益合則指出,馬股經歷顛簸的一周后,終在周五技術性反彈。

即便如此,綜指仍未重返1700點水平,繼續處于超賣區。
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Re: KLSE starting to collapse
« Reply #9699 on: June 25, 2018, 07:35:27 AM »
升幅有限

他透露,從各個技術指標來看,綜指本周料維持反彈勢頭,但升幅有限,最多可升至1740點,因為市場成交量依然薄弱。

史益合認為,綜指當前的阻力為1709點與1749點,而扶持為1692點和1664點。

馮廷秀設下3道阻力,分別為1712點、1725點和1755點,而3道扶持則是1683點、1668點與1639點。

符之源則表示, 一旦綜指突破1700點,該水平就是扶持,阻力則是1720點。

至于投資建議, 馮廷秀稱,部份藍籌股經歷一輪跌勢后,估值已具吸引力,長期投資者可趁低買進。

同時,他認為,投資者應避開估值昂貴的手套股,以及上升空間有限的科技股。

退場觀望

符之源稱, 整體行情低迷,本週沒有值得期待的領域,並指市場好轉需要時間,投資者若要在此時進場,應做好長期持股的準備。

「投資者可關注估值誘人,且基本面良好的個股。」史益合表示,現階段,股市並不穩定,投資者短期內宜退場觀望。
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