Author Topic: KLSE starting to collapse  (Read 580058 times)

Online ORIENT

  • Marquess
  • ********
  • Posts: 20,749
  • SKRE
Re: KLSE starting to collapse
« Reply #12050 on: May 14, 2019, 09:14:28 AM »
Enjoy the collapsion today  :cash:
Namotasapakawatoarahatosamasamputasa

Offline DR KIM

  • Prince
  • **********
  • Posts: 43,936
Re: KLSE starting to collapse
« Reply #12051 on: May 14, 2019, 09:15:28 AM »
Enjoy the collapsion today  :cash:

Olient , OLY  ?.... :headbang: :headbang:

 :giggle: :giggle:

Online ORIENT

  • Marquess
  • ********
  • Posts: 20,749
  • SKRE
Re: KLSE starting to collapse
« Reply #12052 on: May 14, 2019, 09:16:10 AM »
1580 is here Dogkim  ;)
Namotasapakawatoarahatosamasamputasa

Online ORIENT

  • Marquess
  • ********
  • Posts: 20,749
  • SKRE
Re: KLSE starting to collapse
« Reply #12053 on: May 14, 2019, 09:19:27 AM »
Next 1550, end of this month  :nod:
Namotasapakawatoarahatosamasamputasa

Offline shilau

  • Knight
  • **
  • Posts: 486
Re: KLSE starting to collapse
« Reply #12054 on: May 15, 2019, 09:42:43 AM »
PH  harapan naik

Online ORIENT

  • Marquess
  • ********
  • Posts: 20,749
  • SKRE
Re: KLSE starting to collapse
« Reply #12055 on: May 16, 2019, 04:59:50 PM »
Closed below 1600  :D 8)
Namotasapakawatoarahatosamasamputasa

Online ORIENT

  • Marquess
  • ********
  • Posts: 20,749
  • SKRE
Re: KLSE starting to collapse
« Reply #12056 on: May 16, 2019, 05:00:56 PM »
PH  harapan naik

After 3-5 years perhaps
Namotasapakawatoarahatosamasamputasa

Offline jollybee

  • Viscount
  • ******
  • Posts: 6,398
  • Credit Pacific Global offshore fund intermediary
    • Credit Pacific Global
Re: KLSE starting to collapse
« Reply #12057 on: May 16, 2019, 11:48:20 PM »
After a brutal 2018 in which equity markets took a turn for the worse, market watchers turned more cautious with their outlook
for the first half of 2019. Dark clouds of uncertainty continued to loom over earnings prospects and global investor interest.
KLCI has been reaching its record low in 2019 while the FBM small cap has been been on a small uptrend.
The main reason where KLCI has been dropping tremendously was due to the crash of the banking sector due to the estimated interest rate drop in the future.
Therefore the money has been float out from both the banking sector and Malaysia and KLSE have been weakening recently.

It is the banks that bully their customers with BLR, a higher rate if short of one payment in any loans.  Housing, Commercial and even an OD pledge with FD becomes BLR, and not BR.

Many are not well informed with such new rulings by BNM.
- CP fund price - OCT 2014
CP Master fund    134.46
CP Income fund    fixed 8% 1yr or 30% 3 yrs
CP Global Alpha fund 110.99
CP Multi Strategy fund  88.98

Offline jollybee

  • Viscount
  • ******
  • Posts: 6,398
  • Credit Pacific Global offshore fund intermediary
    • Credit Pacific Global
Re: KLSE starting to collapse
« Reply #12058 on: May 16, 2019, 11:51:53 PM »
The adjustment of lower BLR reflects the dying market caused by the bank sector.
- CP fund price - OCT 2014
CP Master fund    134.46
CP Income fund    fixed 8% 1yr or 30% 3 yrs
CP Global Alpha fund 110.99
CP Multi Strategy fund  88.98

Online ORIENT

  • Marquess
  • ********
  • Posts: 20,749
  • SKRE
Re: KLSE starting to collapse
« Reply #12059 on: May 23, 2019, 09:17:04 AM »
Very nice collapsion  :clap:
Namotasapakawatoarahatosamasamputasa

Online ORIENT

  • Marquess
  • ********
  • Posts: 20,749
  • SKRE
Re: KLSE starting to collapse
« Reply #12060 on: May 23, 2019, 09:17:56 AM »
The adjustment of lower BLR reflects the dying market caused by the bank sector.

It's going to start below 1600 for quite some time
Namotasapakawatoarahatosamasamputasa

Online ORIENT

  • Marquess
  • ********
  • Posts: 20,749
  • SKRE
Re: KLSE starting to collapse
« Reply #12061 on: May 24, 2019, 08:32:38 AM »
Good show coming later. Stay tuned  :P
Namotasapakawatoarahatosamasamputasa

Offline DR KIM

  • Prince
  • **********
  • Posts: 43,936
Re: KLSE starting to collapse
« Reply #12062 on: May 24, 2019, 08:42:39 AM »
Good show coming later. Stay tuned  :P

不要是池塘 :giggle: :giggle:

Don't  be  * ;)

Online ORIENT

  • Marquess
  • ********
  • Posts: 20,749
  • SKRE
Re: KLSE starting to collapse
« Reply #12063 on: May 24, 2019, 05:04:55 PM »
Whatever goes up have to come down  :clap:
Namotasapakawatoarahatosamasamputasa

Offline jollybee

  • Viscount
  • ******
  • Posts: 6,398
  • Credit Pacific Global offshore fund intermediary
    • Credit Pacific Global
Re: KLSE starting to collapse
« Reply #12064 on: May 30, 2019, 05:51:38 AM »
Every stock investor was expecting a trade deal to none.


https://www.google.com/amp/s/www.cnbc.com/amp/2019/05/29/stock-markets-wall-street-monitors-intensifying-global-growth-fears.html
- CP fund price - OCT 2014
CP Master fund    134.46
CP Income fund    fixed 8% 1yr or 30% 3 yrs
CP Global Alpha fund 110.99
CP Multi Strategy fund  88.98

Online ORIENT

  • Marquess
  • ********
  • Posts: 20,749
  • SKRE
Re: KLSE starting to collapse
« Reply #12065 on: July 12, 2019, 03:22:18 PM »
KUALA LUMPUR (July 12): The FBM KLCI looked poised to end the day in negative territory and fell 0.36% at the midday break, tracking the choppy regional markets.

At 12.30pm, the FBM KLCI lost 6.01 points to 1,673.25.

Losers edged gainers by 279 to 275, while 548 counters traded unchanged. Volume was 1.7 billion shares valued at RM1.11 billion.

The losers included Nestle (M) Bhd, Hong Leong Bank Bhd, Heineken Malaysia Bhd, CIMB Group Holdings Bhd, Lysaght Galvanised Steel Bhd, Maxis Bhd, United Plantations Bhd, PPB Group Bhd and Fraser & Neave Holdings Bhd.

The actives included KNM Group Bhd, Cuscapi Bhd, Sapura Energy Bhd, Prestariang Bhd, My EG Services Bhd, Ekovest Bhd, Impiana Hotels Bhd and Khee San Bhd.

The gainers included Panasonic Manufacturing Malaysia Bhd, British American Tobacco (M) Bhd, Aeon Credit Service (M) Bhd, KESM Industries Bhd, Magni-Tech Industries Bhd, Atlan Holdings Bhd, Carlsberg Brewery Malaysia Bhd, Asia File Corp Bhd, Kuala Lumpur Kepong Bhd and PMB Technology Bhd.

Asian shares veered between small losses and gains on Friday as investors awaited key China trade and lending data, and as worries over Sino-US trade tensions countered optimism rooted in expectations of a Federal Reserve rate cut this month, according to Reuters.

Later on Friday, China will release June trade data, with analysts expecting exports to have fallen as weakening global demand and a sharp hike in US tariffs took a heavier toll on the world's largest trading nation, it said.

Affin Hwang Capital Research said the FBM KLCI Index closed flat on Thursday, up 0.29 points or 0.02% only. The index ended the session at 1,679.26.

"Despite the index closing unchanged, market breadth was positive with 501 gainers as compared to 329 losers. Some of the actively traded stocks include KNM, Sapura Energy, Bumi Armada Bhd and London Biscuits Bhd.

"Market was quite muted as the index traded sideways for the last four days and is currently hovering just above the 20-day EMA (exponential moving average). Meanwhile, the immediate resistance around 1,695 still remains valid.

"Anticipate the index to move sideways with downward bias," it said.
Namotasapakawatoarahatosamasamputasa

Offline jjwong

  • Companion of Honour
  • ***
  • Posts: 888
Re: KLSE starting to collapse
« Reply #12066 on: July 17, 2019, 10:28:45 AM »
klse is as good as dead. volume can be 2-3 billions vs 800m many years back
but it is concentrated on few , the many syndicate who helps stir up mkt are either prosecuted for various trading offences. Some may have goreng without informing the bossKU, you know there are 1000 ways to find fault with the syndicate trading account.
So KLSE will be a cementery of Asia, but you still see many ghost floating around, with billions of shares traing. Only the select few make money.Gone were the days, ISTONE limit up, IJM,Ideal,Inari or any other I-xxxx will move. Gone were the days when ISTONE limit up, othere peer playes in the same industry all jump like Olympic high jump athletes. Guess al these syndicate were either in lockup or severely punished for trading offences. because some people miss the big moves.
"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...$ $

Online ORIENT

  • Marquess
  • ********
  • Posts: 20,749
  • SKRE
Re: KLSE starting to collapse
« Reply #12067 on: July 17, 2019, 04:47:56 PM »
HEIGHTENED trade and technology tensions between the US and China this year look to be taking a toll on merger and acquisition (M&A) activity in the region, particularly China.

“M&A activity in Asia-Pacific (APAC), excluding Japan, during the first half of the year slowed down to levels unseen since 2013, amid an escalating US-China trade and technology war,” says deal-tracking firm Mergermarket in its latest global and regional M&A report, released last week.

According to Mergermarket’s data, deal value in APAC ex-Japan stood at US$241 billion in 1H2019, down 36% from the same period last year, even as the region’s market share of global M&A shrank to 14.4% from 18.6%. The number of deals generated in the first half fell to 1,525 from 2,031.

China and Hong Kong — typically where the largest deals are generated — together accounted for about 55% of the total regional deal value. Together, their deal value fell 39% year on year to US$131.85 billion, while deal count fell to 751 from 958.

“The trade war and escalating tensions between the US and China are to blame for declining M&A activity in China and Hong Kong. [These are] creating political and economic uncertainties, affecting investors’ sentiment. For example, investors worry that regulators’ powers could be used [as] a tool in the Sino-US spat. Chinese authorities’ deleveraging efforts are another crucial factor in cooling down M&A activity,” Mergermarket’s APAC research editor, Riccardo Ghia, tells The Edge in an email interview.

Deal value in mainland China alone plunged 44.7% y-o-y, while that in Hong Kong fell by a more modest 11.1%.

In contrast, M&A activity in the US was buoyant in 1H2019, despite the ongoing trade war and calls to regulate the big technology companies. The US had a market share of 53.2% of global M&A, the largest so far on Mergermarket’s record.

“This has as much to do with strong levels of activity in the US — up 14.6% by value [to US$957.3 billion] from the comparable period last year — as with the weak performances of both Europe and Asia, [which were] down 38.8% and 34.2% respectively,” says Mergermarket.

Deal value in the US for the half-year period was the highest in recent years, behind only 2H2015 (US$973.5 billion).

Interestingly, Southeast Asia (SEA) bucked the overall gloomy M&A trend within Asia. Deal value in the 10-nation sub-region was up 42.1% y-o-y to US$34.9 billion, despite a lower deal count of 164 [1H2018: 211].

Singapore-listed property giant CapitaLand Ltd’s acquisition of Ascendas-Singbridge Pte Ltd from Temasek Holdings — a deal struck in January and valued at US$8.1 billion — was the largest transaction in APAC ex-Japan in the first half of this year. CapitaLand announced on June 30 that it had completed the transaction.

Total M&A deals in Singapore rose 156% y-o-y to US$17.2 billion in 1H2019, the largest in SEA.

“Political uncertainties and clouds over economic growth have impacted equity and bond markets, spurring investors to increase their allocations into the real estate sector. Singapore is seen as a safer haven compared with Hong Kong, which is going through a period of political instability due to a combination of domestic factors and international forces,” Ghia says, explaining why SEA managed to buck the trend.

Apart from that, infrastructure investments related to the China-led Belt and Road Initiative and individual national government policies — for example, the Build Build Build (BBB) campaign by President Rodrigo Duterte in the Philippines — also contributed to SEA’s strong M&A activity, he says.

The BBB campaign is spurring consolidation among cement players.

“Thailand [however] remains a sore spot in the SEA region as deal-making activity slid 64.7% y-o-y in value [to US$3.1 billion] amid growing political uncertainty caused by the ongoing power struggle between pro-military allies and opposition parties,” Ghia adds.

In Malaysia, deal value rose 23.3% to US$3.88 billion in 1H2019. The biggest deal in the period was Thailand-based PTT Exploration and Production PCL’s acquisition of Murphy Oil Corp’s oil and gas assets in Malaysia in a cash transaction worth US$2.127 billion that was announced in March.

In APAC ex-Japan, all sectors except for the consumer sector saw a decrease in both value and volumes in 1H2019. The consumer sector recorded a 7.6% y-o-y increase in value to US$23.2 billion, across 144 deals.

The technology sector dropped a substantial 66% in value to US$22.9 billion across 174 deals, as the tech war between the US and China is threatening to disrupt the supply chain and create a “digital iron curtain” between countries using US technologies and those who adopt Chinese ones, according to Mergermarket.

Chinese outbound investment into the US and Europe in 1H2019 — worth a combined US$5.9 billion over 43 deals — was particularly subdued, reaching lows not seen since 2009, it adds.

 

 
Namotasapakawatoarahatosamasamputasa

Online ORIENT

  • Marquess
  • ********
  • Posts: 20,749
  • SKRE
Re: KLSE starting to collapse
« Reply #12068 on: July 18, 2019, 01:30:01 PM »

KUALA LUMPUR: The FBM KLCI extended its fall, tracking Wall Street losses overnight on fears that US corporate earnings could have been negatively impacted by the US-China trade war.

At 12.30pm, the local index slipped 3.13 points to 1,654.4. Trading volume was 1.56 billion shares valued at RM811.78mil. There were 432 decliners versus 231 gainers and 379 counters unchanged.

Petronas Chemicals experienced a sharp decline with a 26 sen drop to RM7.66 while Maxis shed four sen to RM5.60 and Public Bank dropped six sen to RM22.90.

i-Stone continued to top the most actively traded list, losing 3.5 sen to 21 sen following a strong advance on its debut yesteday.

Other stocks seeing heavy investor interest included Netx unchanged at 1.5 sen and KNM down 1.5 sen to 37.5 sen.

Over on Wall Street, Netflix's share price was sent tumbling 12% in after-market trade as data showed it had lost US streaming customers for the first time in eight years and missed targets for overseas subscribers.

Asian markets picked up on Wall Street's weak overnight performance, which sent major indices lower.

The Shanghai Composite Index slid 0.65%, the CSI300 Index dropped 0.6% and Hong Kong's Hang Seng Index fell 0.5%. Japan's Nikkei Index plunged 1.8% while South Korea's Kospi Index dropped 0.4%

Oil prices were steady on Thursday after falling in the previous session on rising US stockpiles. US crude slid two cents to US$56.76 a barrel and Brent crude rose 10 cents to US$63.76 a barrel.

In currencies, the ringgit was flat against the US dollar at 4.1110 and the pound sterling at 5.1133. It was down 0.1% against the Singapore dollar at 3.0246.

   
Namotasapakawatoarahatosamasamputasa

Offline jollybee

  • Viscount
  • ******
  • Posts: 6,398
  • Credit Pacific Global offshore fund intermediary
    • Credit Pacific Global
Re: KLSE starting to collapse
« Reply #12069 on: July 19, 2019, 01:17:25 AM »
内忧外患
PKR party going to split.  There are 2 PM candidates now.   Will there be a street protest like in 1998?   As HK just had its worst form of street protest last month. Is it our turn now?
- CP fund price - OCT 2014
CP Master fund    134.46
CP Income fund    fixed 8% 1yr or 30% 3 yrs
CP Global Alpha fund 110.99
CP Multi Strategy fund  88.98

Offline DR KIM

  • Prince
  • **********
  • Posts: 43,936
Re: KLSE starting to collapse
« Reply #12070 on: August 02, 2019, 09:43:04 AM »
Getting worst :phew: :sweat: :'(

Offline kakipukul

  • Baron
  • *****
  • Posts: 3,484
  • don't do what u don't like
Re: KLSE starting to collapse
« Reply #12071 on: August 02, 2019, 04:19:32 PM »
 8) everybody will die..  :S

Online ORIENT

  • Marquess
  • ********
  • Posts: 20,749
  • SKRE
Re: KLSE starting to collapse
« Reply #12072 on: August 06, 2019, 09:15:26 AM »
Collapsing  :D
Namotasapakawatoarahatosamasamputasa

Offline jjwong

  • Companion of Honour
  • ***
  • Posts: 888
Re: KLSE starting to collapse
« Reply #12073 on: August 07, 2019, 09:21:20 AM »
last 5 days CIMB itrade.com has been hang regularly , even before mkt crash.
today  7th AUG 2019 , CIMB ITRADE  platform  ...crash.......
"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

  • Companion of Honour
  • ***
  • Posts: 888
Re: KLSE starting to collapse
« Reply #12074 on: August 07, 2019, 09:25:54 AM »
last 5 days CIMB itrade.com has been hang regularly , even before mkt crash.
today  7th AUG 2019 , CIMB ITRADE  platform  ...crash.......

CIMB platform has produced a new version of ITRADE.COM which has many bugs since last 30 days. very lousy paltform too which hang on and off.
"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

  • Companion of Honour
  • ***
  • Posts: 888
Re: KLSE starting to collapse
« Reply #12075 on: August 07, 2019, 09:32:52 AM »
CIMB platform has produced a new version of ITRADE.COM which has many bugs since last 30 days. very lousy paltform too which hang on and off.

NOw after GENM recover from 3.08 low from 3.61 open, CIMB ITRADE.com is back to normal.
Strange?  One possibilty is CIMB was shorting GENM from 3.61 and jamn the ITRADE.com to prevent members from using the platform to trade while the syndicate was shorting and buying GENM.
BURSA should investigate the last 31 minutes trade transaction  from 9.00am to 9.31am 7th Aug 2019
 
"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...$ $

Online ORIENT

  • Marquess
  • ********
  • Posts: 20,749
  • SKRE
Re: KLSE starting to collapse
« Reply #12076 on: August 07, 2019, 02:55:37 PM »
Genm and genting  :D :D :D
Namotasapakawatoarahatosamasamputasa

Offline jjwong

  • Companion of Honour
  • ***
  • Posts: 888
Re: KLSE starting to collapse
« Reply #12077 on: August 08, 2019, 11:26:18 AM »
TODAY Aug 8th,2019, CIMB trading platform CRASH again, even thought regional mkt is stabalised.

The CIMB-CRASH start when GENM start to plunge from 3.27 to 3.22
All cimb customers are kicked out of the trading platform, while dealers are busy shorting the stocks.
"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...$ $

Online ORIENT

  • Marquess
  • ********
  • Posts: 20,749
  • SKRE
Re: KLSE starting to collapse
« Reply #12078 on: August 13, 2019, 09:04:21 AM »
Collapsion continues...  :clap:
Namotasapakawatoarahatosamasamputasa

Online ORIENT

  • Marquess
  • ********
  • Posts: 20,749
  • SKRE
Re: KLSE starting to collapse
« Reply #12079 on: August 13, 2019, 10:16:26 AM »
Below 1600  :D
Namotasapakawatoarahatosamasamputasa

Online ORIENT

  • Marquess
  • ********
  • Posts: 20,749
  • SKRE
Re: KLSE starting to collapse
« Reply #12080 on: August 13, 2019, 11:04:34 AM »
KUALA LUMPUR (Aug 13): The FBM KLCI tumbled 1.24% to below the crucial 1,600-point level at mid-morning today, tracking its regional peers as broader market sentiment remained weak.

At 10am, the FBM KLCI lost 19.86 points to 1,595.19.

Losers thumped gainers by 465 to 95, while 221 counters traded unchanged. Volume was 505.61 million shares valued at RM287.55 million.

The top losers included Public Bank Bhd, Malaysia Airports Holdings Bhd, Petronas Chemicals Group Bhd, Nestle (M) Bhd, Petronas Gas Bhd, Hong Leong Bank Bhd, Syarikat Takaful Malaysia Keluarga Bhd and Tenaga Nasional Bhd.

The actives included Ta Win Holdings Bhd, Genting Malaysia Bhd, Iris Corp Bhd and Bumi Armada Bhd.

The gainers included Allianz Malaysia Bhd, United Plantations Bhd, Lotte Chemical Titan Holding Bhd and Malaysia-listed Hang Seng Index-linked put warrants.

Asian shares fell on Tuesday as fears about a drawn out Sino-US trade war, protests in Hong Kong and a crash in Argentina's peso currency drove investors to safe harbours like bonds, gold, and the yen, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.26% while Japan's Nikkei tumbled 1.28%, it said.

Hong Leong IB Research said that in the US, Wall Street sentiment is likely to remain sluggish following recessionary fears warnings by Goldman Sachs and Morgan Stanley, as investors are watching closely the trade war and currency developments following yuan weakening above CNY7.00/USD threshold and the plummeting Argentine peso.

"Meanwhile, the escalating HK tension, which could lead to greater intervention by mainland Chinese authorities, poses a risk to the Asian region due to its major financial status and could have spillover implications to Europe and the US.

"Given the lingering external headwinds such as heightened US-China trade tension, rising geopolitical tensions in India/Pakistan, Japan/South Korea and US/Iran, coupled with expectations of a tepid August reporting season, KLCI is expected to trend sideways within 1,600-1,633 band in the short term.

"Meanwhile, local sentiment would also be dampened by key concerns e.g. policy reforms, leadership transition in Malaysia, and potential outcomes from the review on Malaysia's position in the World Government Bond Index (WGBI) in early September," it said.
Namotasapakawatoarahatosamasamputasa

Offline DR KIM

  • Prince
  • **********
  • Posts: 43,936
RUNNNNNNNNNNNNNNNNNNNNNNNNNN......
« Reply #12081 on: August 13, 2019, 11:10:26 AM »


BOOOOO   CHOWWWWW   CCCCCCCCCCC

ARGGGHHHHHHHHHH:phew: :sweat: :'(

Online ORIENT

  • Marquess
  • ********
  • Posts: 20,749
  • SKRE
Re: KLSE starting to collapse
« Reply #12082 on: August 13, 2019, 11:16:36 AM »
Very pretty, very beautiful market today. Red red  :thumbsup:
Namotasapakawatoarahatosamasamputasa

Online ORIENT

  • Marquess
  • ********
  • Posts: 20,749
  • SKRE
Re: KLSE starting to collapse
« Reply #12083 on: August 13, 2019, 01:06:11 PM »
 :thumbsup: drop over twenty points
Namotasapakawatoarahatosamasamputasa

Offline jollybee

  • Viscount
  • ******
  • Posts: 6,398
  • Credit Pacific Global offshore fund intermediary
    • Credit Pacific Global
Re: KLSE starting to collapse
« Reply #12084 on: August 13, 2019, 09:25:59 PM »
1580 support level no longer holds.
- CP fund price - OCT 2014
CP Master fund    134.46
CP Income fund    fixed 8% 1yr or 30% 3 yrs
CP Global Alpha fund 110.99
CP Multi Strategy fund  88.98

Online ORIENT

  • Marquess
  • ********
  • Posts: 20,749
  • SKRE
Re: KLSE starting to collapse
« Reply #12085 on: August 13, 2019, 11:55:09 PM »
Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today.

1. KLCI slips below crucial 1,600 point mark, the lowest level in almost four years. 

2. Genting and Genting Malaysia both see their share prices suffer as news surrounding Empire Resorts gets worse.

3. Sime Darby buys NZ-based Gough Group for half-a-billion ringgit, its largest deal since the demerger.

4. Petronas Chemical sees its 2QFY19 net profit drop 22.3% on lower revenue and higher taxes.

5. Malaysia is no closer to nabbing 1MDB fugitives Low Taek Jho and Nik Faisal Ariff Kamil despite Interpol’s Red Notice.

 
Namotasapakawatoarahatosamasamputasa

Online ORIENT

  • Marquess
  • ********
  • Posts: 20,749
  • SKRE
Re: KLSE starting to collapse
« Reply #12086 on: August 15, 2019, 04:09:32 AM »
DJI drop 800 points  :D
Namotasapakawatoarahatosamasamputasa

Online ORIENT

  • Marquess
  • ********
  • Posts: 20,749
  • SKRE
Re: KLSE starting to collapse
« Reply #12087 on: August 15, 2019, 11:39:07 AM »
1580 is coming  :P
Namotasapakawatoarahatosamasamputasa

Online ORIENT

  • Marquess
  • ********
  • Posts: 20,749
  • SKRE
Re: KLSE starting to collapse
« Reply #12088 on: August 16, 2019, 01:25:46 PM »
KUALA LUMPUR (Aug 16): The FBM KLCI pared some of its loss at the midday break today, as regional markets steadied and Bank Negara Malaysia released firmer domestic economic growth data.

Malaysia's economy has recorded a strong growth of 4.9% for the second quarter of 2019 (2Q19), supported by higher household spending and private investment, said Bank Negara Malaysia.

At 12.30pm, the FBM KLCI was down 5.98 points to 1,594.31. The index had earlier slipped to a low of 1,590.18.

Losers led gainers by 274 to 204, while 471 counters traded unchanged. Volume was 962.75 million shares valued at RM595.23 million.

The top losers included Genting Plantations Bhd, British American Tobacco (M) Bhd, Hong Leong Financial Group Bhd, Kuala Lumpur Kepong Bhd, MCE Holdings Bhd, Khind Holdings Bhd, Aeon Credit Service (M) Bhd, Sime Darby Plantation Bhd and Carlsberg Brewery Malaysia Bhd.

The actives included Eduspec Holdings Bhd, Green Packet Bhd, Vsolar Group Bhd, Tiger Synergy Bhd, PCCS Group Bhd, Iris Corp Bhd and KNM Group Bhd.

The gainers included United Plantations Bhd, Heineken Malaysia Bhd, LPI Capital Bhd, Dutch Lady Milk Industries Bhd, Nestle (M) Bhd, Pentamaster Corp Bhd, Sarawak Oil Palms Bhd, Serba Dinamik Holdings Bhd, PPB Group Bhd and Rapid Synergy Bhd.

Asian shares found some footing on Friday after a turbulent week as China hinted at more support for its economy, amid growing expectations of aggressive stimulus from all the major central banks, according to Reuters.

Sentiment got a lift when China's state planner said Beijing would roll out a plan to boost disposable income, though details were lacking, it said.

Affin Hwang Retail Research said the FBM KLCI Index closed flat on Thursday, down only 0.02 points, ending the session at 1,600.29.

"The index gapped down about 15 points initially but buyers managed to push price upwards throughout the session, closing the gap.

"Despite that, bearish bias remains as price is still registering lower highs and lower lows. Currently, there is no clear [sign] of any reversal upwards.

"Downward movement remains intact," it said.
Namotasapakawatoarahatosamasamputasa