Author Topic: Spot KLCI Index  (Read 1392072 times)

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Re: Spot KLCI Index
« Reply #200 on: June 14, 2016, 07:09:36 AM »



Foreign selling on Bursa falls sharply
Posted on 14 June 2016 - 05:38am
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PETALING JAYA: Foreign selling on Bursa continued for the seventh consecutive week last week, but the pace of the selldown has decelerated significantly, according to MIDF Research.

Its head Zulkifli Hamzah in his weekly fund flow report yesterday, said the net amount offloaded by foreign investors narrowed substantially to only RM169.9 million last week from RM1.19 billion, in the prior week. He said it was also the lowest outflow in seven weeks.

The estimates are based on transactions in the open market which excluded off-market deals.

Foreigners were net sellers on three out of five trading days last week.

“Selling momentum from the week before spilled over when trading commenced on Monday, with foreigners offloading RM28.5 million on the day. However, the selling ended abruptly on Tuesday with a buying of RM93.8 million. It was the highest daily buying since April 21 this year. Foreign purchase was extended into Wednesday at RM31 million.”

Nevertheless, Zulkifli said, buying momentum was halted on Thursday with relatively heavy attrition of RM163.6 million. He said foreigners then continued to sell on Friday at RM102.6 million.

“Last week’s foreign withdrawal further reduced the cumulative net foreign inflow thus far this year into share listed on Bursa to an estimated RM1.11 billion, down marginally from prior week of RM1.22 billion,” he added.

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Re: Spot KLCI Index
« Reply #201 on: June 14, 2016, 11:19:59 AM »


Tuesday, 14 June 2016
Malaysian market feeling jittery from Brexit
BY AFIQ ISA







 Losses continue: Asian equities tumbled, with the MSCI Asia Pacific Index falling by 2%, extending last week’s losses. – Reuters
Losses continue: Asian equities tumbled, with the MSCI Asia Pacific Index falling by 2%, extending last week’s losses. – Reuters
 
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PETALING JAYA: Shares on Bursa Malaysia extended last week’s losses alongside global markets, with the Brexit referendum and the US Federal Reserve’s policy meeting both coming up in the next ten days, which could have an immediate impact on the capital markets, say analysts.

The FBM KLCI closed down 11.45 points to 1,629.77 points yesterday, with the broader market equally bearish with losers outnumbering gainers by more than three to one.

Local sentiment was also hammered by a steady outflow of foreign funds from the stock market.

“Markets are looking ahead to significant risk build-up in the immediate term from the US Fed’s interest rate decision on June 15 and the week after’s Brexit vote on June 23. Volatility is likely to spike up and commodity prices could adjust downward,” said AmBank Research in its weekly commentary yesterday.

Asian equities tumbled, with the MSCI Asia Pacific Index falling by 2%, extending last week’s losses. Hong Kong’s Hang Seng Index and Japan’s Nikkei 225 declined by 2.5% and 3.4%, respectively, on Monday, as optimism gave way to fear that the two upcoming events could have far-reaching consequences.

The ringgit fell alongside emerging market currencies, as the British pound heads to its lowest point in five years. Against the greenback, the ringgit fell to 4.0918 yesterday, compared with 4.0715 last Friday.

Elsewhere, crude oil dipped below the US$50 mark again after a recent rally proved to be short-lived.

Gold and US Treasuries climbed, as risk-averse investors continue to flock towards safe-haven assets.

In its weekly fund flow report, MIDF Research noted that foreign selling on Bursa Malaysia continued for the seventh consecutive week as of last week.

“Last week’s foreign withdrawal further reduced the cumulative net foreign inflow thus far this year to an estimated RM1.1bil. In retrospect, foreigners had offloaded RM19.5bil and RM6.9bil in 2015 and 2014, respectively,” it said.

There are also signs that overall market liquidity has been on a downtrend recently.

According to MIDF, total foreign participation fell to RM809.9mil last week, or the lowest weekly figure so far this year. Similarly, local insitutional participation also fell to RM2.2bil last week, compared to the prior week’s RM1.93bil.

Meanwhile, new data emerging from China yesterday suggested that its economy was stabilising. The country’s industrial production rose 6% from a year earlier in May, matching economists’ estimates. Additionally, retail sales grew by 10%.

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Re: Spot KLCI Index
« Reply #202 on: June 14, 2016, 05:04:38 PM »



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Re: Spot KLCI Index
« Reply #203 on: June 14, 2016, 06:15:06 PM »



LATEST NEWS, CORPORATE
TOP STORIES
Market Close
KLCI extends losses on Brexit, US interest rate concerns
By Gho Chee Yuan / theedgemarkets.com   | June 14, 2016 : 5:44 PM MYT   
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KUALA LUMPUR (June 14): The FBM KLCI slipped 3.66 points or 0.2% on concerns the UK may leave the European Union (EU) amid anticipation of the US interest rate decision.

At 5pm, the KLCI settled at 1,626.11 points after dropping to an intraday low of 1,619.48 points. Yesterday, the KLCI fell 11.45 points.

Today, the KLCI extended losses as investors evaluated the economic impact of the UK's possible EU exit, which is popularly known as Brexit. The UK's Brexit referendum will be undertaken this June 23.

In the US, the Federal Reserve meets today and tomorrow to decide on the country's interest rate direction. US rate hikes do not bode well for emerging Asian markets as investors shift their money back into US dollar-based assets.

In Malaysia, an analyst with Malacca Securities Sdn Bhd told theedgemarkets.com that the local stock market continued to look dour ahead of the US Federal Reserve meeting and Brexit vote next week.

"The above events, coupled with central bank meetings in England and Japan, will be closely watched for their respective monetary measures amid the still slow economic environment and the market's wariness is expected to prevail in the interim," the analyst said.

Bursa Malaysia saw 1.47 billion shares worth RM1.62 billion traded. Decliners beat gainers at 486 against 278.

Top gainer was Malaysia Airports Holdings Bhd while leading decliner was Bintulu Port Holdings Bhd. China Automobile Parts Holdings Ltd was the most actively-traded stock.

Malaysian shares fell with Asian equities. Japan's Nikkei 225 fell 1% while South Korea's Kospi closed 0.36% lower. Hong Kong's Hang Seng declined 0.61%.

Reuters reported that Asian stocks slipped on Tuesday ahead of the US Federal Reserve's two-day meeting that begins later in the day, amid growing worries this month's referendum in Britain could see it exit the EU

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Re: Spot KLCI Index
« Reply #204 on: June 15, 2016, 08:59:54 AM »



Market Preview
Brexit chill to keep KLCI in cold strorage, put market under pressure
By Surin Murugiah / theedgemarkets.com   | June 15, 2016 : 6:07 AM MYT   
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KUALA LUMPUR (June 15): The FBM KLCI is likely to remain under pressure with the next support seen at 1,611 points, underpinned by escalating worries over a potential British exit (Brexit) from the European Union.

Safe-haven German Bund yields fell below zero on Tuesday for the first time and global equity markets slid for a fourth day in a row on intensifying worries about a potential British exit from the European Union next week, according to Reuters.

Polls and bookmakers' odds showed an increasing likelihood that Britons would vote to exit the European Union in the June 23 referendum. Britain's largest tabloid newspaper, the Sun, also said it was backing a "Leave" vote, it said.

AllianceDBS Research in ite evening edition Tuesday said that dampened by the down close in the preceding day, the FBM KLCI had on June 14 broken the 1,622 support to reach an intraday low of 1,619.48 as market participants continued to play on the selling side in anticipation of a lower market.

The research house said that in the absence of stronger supportive buying interest, the benchmark index was in the red throughout the trading sessions before settling at 1,626.11 (down 3.66 points or 0.22%).

“In the broader market, losers outnumbered gainers with 486 stocks ending lower and 278 stocks finishing higher. That gave a market breadth of 0.57 indicating the bears were in control,” it said.

AllianceDBS Research said market saw another day of selling activity on June 14 with the benchmark index dipped below the 1,622 support to a low of 1,619.48.

“Sellers were again in better control over the buyers as buyers were still unwilling to play an aggressive supportive game following the downside gap left behind on June 13.

“However, some bargain hunting interest helped to lift the index back up above the 1,622 level with a settlement of 1,626.11.

“The 1,626.11 market close may not help to change the market sentiment to positive, but there was at least an attempt made to confine the sentiment from deteriorating,” it said.

The research house said that market support remains at 1,622.

It said a fall below 1,622 again would put pressure on the market down to the subsequent support at 1,611.

The research house said that indicator wise, the MACD is still marginally above the 9-day moving average line.

“The analysis of overall market action on June 14 revealed that buying power was weaker than selling pressure.

“As such, the FBM KLCI would likely trade below the 1,619.48 level on June 15,” said AllianceDBS Research.

Based on corporate announcements and news flow yesterday, companies that may be in today could include: Malaysia Pacific Corp Bhd, Felda Global Ventures Holdings Bhd, Raya International Bhd, Kumpulan Europlus Bhd and Sarawak Consolidated Industries Bhd

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Re: Spot KLCI Index
« Reply #205 on: June 15, 2016, 02:16:05 PM »



LATEST NEWS, CORPORATE
TOP STORIES
Noon Market
KLCI reverses loss but broader market sentiment remains wary
By Surin Murugiah / theedgemarkets.com   | June 15, 2016 : 1:58 PM MYT   
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KUALA LUMPUR (June 15): The FBM KLCI reversed its earlier losses at the midday break today, lifted by select blue chips, but the broader market sentiment remained wary in line with the weaker regional markets.

At 12.30pm, the FBM KLCI rose 1.35 points to 1,627.46. The index had earlier dipped to its intra-morning low of 1,619.78.

Decliners outpaced gainers by 362 to 238, while 310 counters traded unchanged. Volume was 787.92 million shares valued at RM583.55 million.

The gainers included Dutch Lady Milk Industries Bhd, Huat Lai Resources Bhd, United U-Li Corporation Bhd, Genting Bhd, Lii Hen Industries Bhd, Hong Leong Industries Bhd, Scientex Bhd and Malayan Banking Bhd.

The actives included Sanichi Technology Bhd, China Automobile Parts Holdings Ltd, LKL International Bhd, Bumi Armada Bhd, Vivocom International Holdings Bhd, AirAsia Bhd and AirAsia X Bhd.

The top losers included British American Tobacco (M) Bhd, Malaysian Pacific Industries Bhd, Petronas Gas Bhd, Sarawak Plantation Bhd, Berjaya Food Bhd, Petronas Dagangan Bhd, Bursa Malaysia Bhd and Malaysia Airports Holdings Bhd.

Asian shares were slightly weaker but recovered from near three-week lows on Wednesday as markets digested US index provider MSCI's decision not to include domestic Chinese equities in its indexes and Brexit fears drove investors to assets such as US bonds and the yen, according to Reuters.

Mainland Chinese shares, among Asia's worst performers this year, were mixed while Hong Kong slid, as markets, which had expected Chinese A-shares to be included in the emerging market index, considered the announcement, it said.

Kenanga IB Research said the FBM KLCI continued to trade in the red yesterday (June 14) as it declined 3.66 points (0.23%) to close at 1,626.11 amid much uncertainties over the Brexit referendum, US Fed meeting that starts tonight and potential inclusion of China's A-share into MSCI latest weighting, which possibly led to some foreign fund outflows.

The research house said that on the chart, the FBM KLCI continued to decline further post its technical gap down formed two days ago.

It said forming a 'Hammer' candlestick on the daily chart, the key index seems to find some support at the 1,620 support level.

"Nonetheless, the overall technical picture is still on a downside-bias as all key momentum indicators (MACD, RSI and Stochastic) are still portraying a negative picture.

"With the falling Ringgit, weaker Crude oil price and much uncertainties looming over the global economy, we continue to view that the FBM KLCI will trade downside-bias towards its immediate support level of 1,620 in the next few days," it said

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Re: Spot KLCI Index
« Reply #206 on: June 15, 2016, 05:06:24 PM »



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Re: Spot KLCI Index
« Reply #207 on: June 15, 2016, 06:15:05 PM »



Market Close
KLCI up at 11th hour after volatile trade
By Chen Shaua Fui / theedgemarkets.com   | June 15, 2016 : 5:52 PM MYT   
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KUALA LUMPUR (June 15): The FBM KLCI gained 1.85 points or 0.1% on bargain hunting following the index's recent losses. The KLCI's earlier losses were due to concerns on the UK's possible European Union (EU) exit and the US interest rate direction.

At 5pm, the KLCI closed at 1,627.96 points after swinging between negative and positive territories within an intraday range of 1,619.78 to 1,629.05 points. Yesterday, the KLCI fell 3.66 points.

Today, TA Securities Holdings Bhd research head Kaladher Govindan said the KLCI could hover between 1,620 and 1,640 points on uncertainties from the UK's possible EU exit, which is popularly known as Brexit.

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The UK's Brexit referendum is on this June 23. Today, Kaladher said the US Federal Reserve's interest rate decision following a two-day meeting will be closely watched.

In Malaysia, he said: "The outcome of the by-election in Sungai Besar and Kuala Kangsar will also give us an indication on the sentiment on the ground." Both by-elections will be held this Saturday.

Today, Bursa Malaysia saw 409 decliners and 311 gainers. The bourse saw 1.53 billion shares worth RM1.45 billion traded.

Top gainer was Dutch Lady Milk Industries Bhd while the leading decliner was Carlsberg Brewery Malaysia Bhd. The top-active counter was Trive Property Group Bhd.

Across Asian share markets, Japan's Nikkei 225 rose 0.38% while Hong Kong's Hang Seng climbed 0.39%. South Korea's Kospi dipped 0.16%. 

Reuters reported that Asian shares were volatile on Wednesday as a US Federal Reserve policy decision later in the day and Brexit worries kept investors on edge, though China took in stride MSCI's decision not to include domestic Chinese equities in its indexes

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Re: Spot KLCI Index
« Reply #208 on: June 16, 2016, 05:02:45 PM »



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Re: Spot KLCI Index
« Reply #209 on: June 17, 2016, 08:25:37 AM »



Market Preview
KLCI expected to come under pressure to go lower
By Surin Murugiah / theedgemarkets.com   | June 17, 2016 : 5:54 AM MYT   
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KUALA LUMPUR (June 17): The market is expected to come under pressure to go lower today with immediate support at seen 1,611 points for the FBM KLCI.

Sterling advanced on Thursday as campaigning for Britain's vote on whether to leave the European Union was suspended following the murder of a British lawmaker, while U.S. stocks cut losses, according to Reuters.

British Member of Parliament Jo Cox, who was shot dead in the street in her constituency in northern England earlier in the day, had been a vocal supporter of Britain remaining within the EU, it said.

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Meanwhile, U.S. stocks, which had tumbled earlier on global growth worries, cut losses and the Dow briefly traded higher.

The Dow Jones industrial average was up 17.67 points, or 0.1 percent, at 17,657.84, the S&P 500 lost 2.41 points, or 0.12 percent, to 2,069.09 and the Nasdaq Composite dropped 10.81 points, or 0.22 percent, to 4,824.12.

AllianceDBS Research in its eveing edition Thursday said that following the up close in the preceding day, the FBM KLCI had on June 16 traded marginally higher to 1,629.47 as some market participants continued to play on the buying side in anticipation of a higher market.

However, it said non-follow through buying support in the area of 1,629.47 prompted renewed selling interest.

It said this pushed the benchmark index down below the 1,622 support again to a low of 1,613.79 before settling at 1,614.90 (down 13.06 points or 0.80%).

 “In the broader market, losers outnumbered gainers with 591 stocks ending lower and 195 stocks finishing higher. That gave a market breadth of 0.32 indicating the bears were in control,” it said. 

AllianceDBS Research said the higher high followed by a lower low on June 16 indicated that sellers were in better control over the buyers.

“Obviously, there was a change of game play pattern from buying to selling after the opening bell as buyers decided not to fight a battle which carries a higher risk and lower reward ratio.

“After 2 successful endeavours to keep the market above the 1,622 level on June 14 & 15, the market finally gave way to selling pressure.

“This can be seen from the downside violation of 1,622 with a settlement of 1,614.90 on June 16,” it said. 

The research house said following the weak down close on June 15, the market is expected to come under pressure to go lower again with immediate support at 1,611.

It said a fall below 1,611 would send the market down to the subsequent support zone, 1,595 – 1,600, adding that indicator wise, the MACD is below the 9-day moving average line.

“The analysis of overall market action on June 16 revealed that buying power was weaker than selling pressure.

“As such, the FBM KLCI would likely trade below the 1,613.79 level on June 17,” said AllianceDBS Research.

Based on corporate announcements and news flow yesterday, companies that might be in focus today include: AE Multi Holdings Bhd, MB World Group Bhd, DKSH Holdings (Malaysia) Bhd, Lion Corp Bhd, AmanahRaya REIT, Brite-Tech Bhd, Sunway Bhd, Reach Energy Bhd, KNM Group Bhd, Press Metal Bhd, Mudajaya Group Bhd and Mah Sing Group Bhd

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Re: Spot KLCI Index
« Reply #210 on: June 17, 2016, 10:02:58 AM »



Lack of catalyst may pull market further down
By Gho Chee Yuan / The Edge Financial Daily   | June 17, 2016 : 9:37 AM MYT   
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This article first appeared in The Edge Financial Daily, on June 17, 2016.

 

KUALA LUMPUR: It was a sea of red on the radar showing performance of the regional bourses. The US Federal Reserve’s (Fed) decision not to raise its rate, keeping at current low level did not whet the appetite for equities worldwide, including Bursa Malaysia.

The FBM KLCI slid 13.06 points or 0.8% to 1,614.9 points.

Generally, the Fed’s decision to delay interest rate hike should bode well for stocks as the prevailing low interest rate environment should encourage investments in equities for potentially higher returns compared to fixed income securities.

But the decision on Wednesday failed to excite the market as uncertainties on the UK’s possible exit of the European Union still clouded the outlook of equity markets.

Equity strategists are cautious about the outlook, which hinges a lot on the economic landscape, given that Fed chair Janet Yellen’s remark that “economic growth was relatively weak late last year and even this year”.

Described this as the new dynamic, Inter-Pacific Securities head of research Pong Teng Siew said the market is no longer bothered about the Fed’s decision on policy rate as they did not think it could support the market.

“By not doing anything, the Fed is keeping its dovish viewpoint and the market did not rebound. This suggests that Fed’s interest rate movement was no longer enough to push the market to the uptrend,” he said, adding that this sparks investors to take profit amid the situation.

At this point of time, Pong does not see any recovery sign in the market and expects it to slide further.

“Although the foreign selling has slowed down recently, the local institutional funds are not enough to support the market.

“I am not sure whether they are waiting for the index to fall further before starting to bargain hunting or they have lost confidence in the local stock market given the weak corporate earnings reported in the first quarter this year,” Pong said.

Asian as well as European stocks went south yesterday, while oil prices headed for a sixth session of declines. Adding to the gloominess was that the Bank of Japan refrained from taking further stimulus steps, hours after the Fed struck a cautious note on its policy outlook.

Across the Asia-Pacific key indices, Japan’s Nikkei 225 fell 3.05% while Hong Kong’s Hang Seng dropped 2.1%.

Meanwhile, Kenanga head of research Chan Ken Yew said June would be a slow month due to the Uefa Euro 2016 fever and the Ramadan season.

“This will prompt investors to sell first and re-enter the market at a later date,” Chan added. Given this, he expects the key index to fall to 1,605 points before staging a rebound

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Re: Spot KLCI Index
« Reply #211 on: June 18, 2016, 01:57:05 PM »



Bursa Malaysia expected to trade higher next week
Published: June 18, 2016 10:49 AM GMT+8

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File photo of an investor monitoring share market prices at a brokerage firm in Kuala Lumpur, Malaysia, August 24, 2015. — Reuters pic
File photo of an investor monitoring share market prices at a brokerage firm in Kuala Lumpur, Malaysia, August 24, 2015. — Reuters pic
KUALA LUMPUR, June 18 — Bursa Malaysia is likely to trend higher next week, supported by improving domestic economic figures and stabilising commodity prices.

Affin Hwang Investment Bank Vice-President and Retail Research Head, Datuk Dr Nazri Khan Adam Khan said the local bourse had fairly stabilised during the week just ended after the US Federal Reserve (Fed) kept interest rates unchanged.

The Fed had decided against a rate hike at its fourth Federal Open Market Committee meeting this week, after raising them for the first time in a decade in December 2015.

Nazri Khan said the FBM KLCI would likely find its next support and resistance level at between 1,600 and 1,620, and 1,630 to 1,650, respectively.

“We have improving economic data such as higher labour productivity and easing inflation, which means Bank Negara Malaysia has less pressure to increase interest rates,” he told Bernama.

In May, the Consumer Price Index eased to 2.0 per cent year-on-year, and was marginally down from 2.1 per cent recorded in April. Meanwhile, Malaysia’s labour productivity grew by 3.3 per cent to RM74,538 per labour hour last year from RM73,091 in 2014.


However, investor sentiment was cautious ahead of the United Kingdom’s (UK) referendum on possible exit from the European Union on June 23.

“I think most likely the UK may remain inside the European Union. Even if it decides to exit, it will take two years before it officially comes out. The market will have enough time to adjust,” said Nazri Khan.

On Friday-to-Friday basis, the FBM KLCI fell 17.04 points to 1,624.18 from 1,641.22 recorded last week.

The FBM Emas Index declined 143.15 points to 11,357.42, the FBMT 100 Index shed 131.88 points to 11,060.17 and the FBM Emas Shariah Index was 129.41 points lower at 11,927.30.

On a sectoral basis, the Finance Index fell 155.17 points to 14,035.93, the Industrial Index decreased 28.34 points to 3,053.88 and the Plantation Index eased 8.92 points to 7,568.37.

Weekly turnover decreased to 7.17 billion units worth RM7.25 billion from 8.55 billion units worth RM8.25 billion last week.

Main market volume fell to 4.30 billion shares worth RM6.80 billion from 5.61 billion shares worth RM7.73 billion previously.

Warrant turnover improved to 1.12 billion units valed at RM150.13 million from 1.05 billion units valued at RM150.50 million last week.

The ACE market declined to 1.74 billion shares worth RM297.08 million from 1.88 billion shares worth RM364.59 million previously. — Bernama

- See more at: http://m.themalaymailonline.com/money/article/~-expected-to-trade-higher-next-week1#sthash.bke9GzdY.dpuf

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Re: Spot KLCI Index
« Reply #212 on: June 19, 2016, 05:46:40 PM »



财经  2016年06月19日 | 记者:赖尧章
英脱欧公投 马股观望

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英脱欧公投 马股观望

过去一周笼罩全球股市的英国脱欧公投进入倒数计时,投资者本周料退场静待6月23日的公投结果,大马股市可能因此交投淡静,富时综合指数或窄幅波动。

由于本周三(22日)是可兰经降世日,大马股市休市一天,本周只有4个交易日。

按周比较,富时综合指数从前周的1641.22点,下跌17.04点或1.04%,至1624.18点。全周成交量从85亿6261万股下降16.28%,至71亿6887万股;成交值从82亿5806万令吉,急跌12.21%,至72亿4963万令吉。

由於市场担心英国脱欧,外资上周大举撤资,导致综合指数在1620点上方摇摇欲坠。


马银行(MAYBANK,1155,主板金融股)更因此成为被外资拋售的大蓝筹,股价在周二(14日)滑落至8.00令吉,创下5年新低纪录。

另一个市场焦点,便是美国联储局於周四(16日)在货幣政策会议结束后宣佈不加息。

本周,全球的財经大事无疑是伦敦时间23日(大马时间24日,周五)举行的英国脱欧公投。

英特太平洋证券研究主管冯廷秀表示,英国脱欧公投肯定是本周左右全球股市的关键因素,虽然市场对此议论纷纷,但他相信英国最终会留在欧盟。

与此同时,抽佣经纪卢文豪说,和上周波动的市况相比,市场基本上已经对英国公投作好心理准备,本周在公投前应该不会再惊慌卖股。

「除了英国脱欧风险升温拖累股匯市场之外,欧洲足球赛开踢也令上周市场交投淡静,成交量大幅收窄,而本周市场料更为平淡,因仅有4个交易日。」

陷横摆格局

而冯廷秀也说,英国脱欧公投越靠近,市场的交易量就会越低,因为大部份投资者退场避险,静待公投结果。

技术面方面,兴业投行技术分析员廖志豪指出,技术图显示综合指数仍偏向於横摆下行,加上投资者不活跃,因此他预测综指本周將陷横摆格局。

针对综指的本周走势,冯廷秀把扶持水平设在1614点,而阻力水平则设在1629点。

而卢文豪把扶持水平设在1600点;阻力水平则是1650点。廖志豪则认为扶持水平在1595点和1611点;阻力水平是1635点和1664点。

投资建议方面,他们都建议投资者暂时退场观望,待英国脱欧公投结果出炉后,再作部署。

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Re: Spot KLCI Index
« Reply #213 on: June 20, 2016, 10:21:11 AM »



Fund Flow
Foreigners resume selling, offloaded RM1.01b last week, says MIDF Research
By Surin Murugiah / theedgemarkets.com   | June 20, 2016 : 9:52 AM MYT   
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KUALA LUMPUR (June 20): Foreigners resumed their selling momentum in May last week after prior week’s hiatus, according to MIDF Research.

In his weekly fund flow report today, MIDF Research head Zulkifli Hamzah said that foreign selling in Bursa has extended for the eighth consecutive week.

He said the net amount offloaded by foreign investors increased substantially to RM1.01 billion last week from RM169.9 million the week prior.

He said it was the third largest selling since Sept 25.

He said the estimates are based on transactions in the open market which excluded off market deals.

“Foreigners were net sellers on all five trading days last week.

“We note that prior week’s slowdown in foreign selling appeared to be transient.

“Selling momentum was strong at more than RM180 million per day on Monday through Thursday,” he said.

Zulkifli said that foreigners started the week with heavy attrition of RM227.4 million and RM284.5 million on Monday and Tuesday, respectively.

He said selling pressure eased slightly to RM184 million on Wednesday.

“However, the pace picked up again on Thursday at RM273 million.

“Foreigners eventually closed the week with a milder attrition of RM43.3 million,” he said.

Zulkifli said last week’s foreign withdrawal further reduced the cumulative net foreign inflow thus far this year into share listed on Bursa to an estimated RM100.6 million, down significantly from prior week RM1.11 billion.

He said it was the lowest figure since Feb 26 this year.

“The figure has been on a declining trend for eight successive weeks.

“In retrospect, foreigners had offloaded RM19.5 billion and RM6.9 billion in 2015 and 2014 respectively,” he said.

Zulkifli said foreign participation rate remained moderate last week.

He said it was little changed at RM812.3 million, up 0.3% from prior week.

“Excluding off the outlier data point two weeks ago due to foreigners’ mid-year portfolio rebalancing, their participation rate has remained subdued at less than RM1 billion for three consecutive weeks.

“Local institution provided support to the market by loading up RM799.1 million on Bursa last week.

“Despite that, its participation rate declined further to RM1.6 billion from prior week’s RM1.9 billion. It was the second lowest figure in one year time,” he said.

Zulkifli said retail buyers turned active players last week by loading up RM213.1 million.

He said it was their biggest buying since the end of April this year.

However, their participation rate has edged down to RM487.8 million, he said.

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Re: Spot KLCI Index
« Reply #214 on: June 20, 2016, 02:53:52 PM »



Monday, 20 June 2016
Fund raising becoming difficult in Malaysia
BY DANIEL KHOO







 Prego
Interpacific Research’s head of research Pong Teng Siew told StarBiz that the weak sentiment for fund raising was indicative of a soft market environment where investors believed there was not much upside to prices.
Interpacific Research’s head of research Pong Teng Siew told StarBiz that the weak sentiment for fund raising was indicative of a soft market environment where investors believed there was not much upside to prices.
 
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PETALING JAYA: Fund raising is becoming increasingly difficult in the current market environment.

Boustead Holdings Bhd is one case in point where its rights issuance was oversubscribed by only 0.28%.

The close-to-even subscription rates makes a glaring statement especially for a big company with a market capitalisation of RM3.88bil.

Its share price had also taken a beating and is trading at a multi-year low of RM2.68 while its new rights shares were priced at RM2.55.

Boustead, a plantation-based company had raised RM1bil in fresh capital to reduce debts including to fund its property development and other investment activities.

The company, 58.4% owned by Lembaga Tabung Angkatan Tentera, earlier said it wanted to reduce its gearing from 1.1 times presently to 0.9 times by the end of the year.

The difficult environment may be the new normal if sentiment on the equity market remained uncertain, analysts note.

This may also indicate that investors are less willing to cough up their own cash to plough into their investee companies due to various possible reasons including the soft market sentiment of late.

Another company to watch closely will be Malaysia Building Society Bhd (MBSB) that had recently announced that it wants to raise funds of up to RM1.7bil through rights issuance.

MBSB last traded at a market capitalisation of RM3.16bil said it will soon send out its prospectus to its investors to allow them to decide if they want to take up their rights issuance.

Interpacific Research’s head of research Pong Teng Siew told StarBiz that the weak sentiment for fund raising was indicative of a soft market environment where investors believed there was not much upside to prices.

“People generally may have less money to put into stocks. We have seen worse situations than this actually, especially after the Asian crisis in 2001 to 2002. It was very bad then. There were waves of initial public offerings that were undersubscribed due to the poor liquidity,” Pong said.

“Today while the GDP is growing it is also not a very true indication of money supply. Recent statistics showed that M1 money supply have shrunk. M1 is the most liquid form of money that can be put into the equity market. Liquidity also comes from lending by the bank and margin financings have also shrunk,” he added.

Some other recent examples of companies which have seen their investors clearly undersubscribing to their rights issues are Mulpha International Bhd, PUC Founder (MSC) Bhd and TH Heavy Engineering Bhd (THHE).

Mulpha’s rights issue was undersubscribed by 13.76% at the close of acceptance and payment on June 1 while the two other companies had even bigger undersubscription rates.

PUC’s 28-for-20 rights issue of up to RM83.9mil nominal value of irredeemable convertible unsecured loan stocks (Iculs) with warrants was undersubscribed by 42.8% while THHE’s rights issue of Islamic irredeemable convertible preference (ICPS-i) issuance exercise had been heavily undersubscribed at 69.96%.

Notably, LTH was the sole subscriber of THHE’s rights issue exercise.

However, this does not really come as a surprise given the weak sentiment surrounding the oil and gas industry.

THHE is also in a financially difficult position with a recent reported first quarter ended March 31 that saw net losses almost doubling to RM33.44mil while quarterly revenue shrunk three times to RM14.5mil.

Other smaller capitalised and mostly Ace Market companies have, however, seen sound oversubscription rates to their fund raising plans.

These included Prolexus Bhd (oversubscribed by 37.75%), Netx Holdings Bhd (100% subscription), Connectcounty Holdings Bhd (oversubscribed by 14.71%) and Spring Gallery Bhd (oversubscribed by 21.7%).

This trend indicate that there was not much appetite among shareholders of bigger companies – who are mostly institutional – to add to their holdings by buying into the rights shares.

On the other hand, smaller companies that have a few key shareholders and less occurrence of institutional funds as their long-term holders, have seen stronger subscription rates

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Re: Spot KLCI Index
« Reply #215 on: June 21, 2016, 07:25:03 AM »



Net foreign selling on Bursa last week topped RM1billion
Posted on 21 June 2016 - 05:38am
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PETALING JAYA: Foreigners resumed their selling on Bursa Malaysia last week after a hiatus in the prior week.

MIDF Research head economist Zulkifli Hamzah in his weekly fund flow report yesterday said the net amount offloaded by foreign investors increased substantially to RM1.01 billion last week from RM169.9 million the week before. It was the third largest selling since Sept 25, 2015.

The estimates are based on transactions in the open market which excluded off-market deals.

Zulkifli said foreigners were net sellers on all five trading days last week.

“We note that the prior week’s slowdown in foreign selling appeared to be transient. Selling momentum was strong at >RM180 million per day on Monday through Thursday.” he said.

Zulkifli said last week’s foreign withdrawal further reduced the cumulative net foreign inflow thus far this year into share listed on Bursa Malaysia to an estimated RM100.6 million, down significantly from the prior week’s RM1.11 billion.

“It was the lowest figure since Feb 26 this year. The figure has been on a declining trend for eighth successive week,” he said.

In retrospect, Zulkifli said, foreigners offloaded RM19.5 billion and RM6.9 billion in 2015 and 2014 respectively. The foreign participation rate remained moderate last week.

Meanwhile, he noted that local institutions provided support to the market by loading up RM799.1 million on Bursa last week.

“Despite that, its participation rate declined further to RM1.6 billion from prior week’s RM1.9 billion. It was the second lowest figure in one year time,” he said.

Retail buyers turned active players last week by loading up RM213.1 million. It was their biggest buying spree since the end of April this year. Their participation rate however, edged down to RM487.8 million.

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Re: Spot KLCI Index
« Reply #216 on: June 23, 2016, 08:45:27 AM »



国內  2016年06月22日
投行主管分享 股市年底转向顺风

AddThis Sharing Buttons
(吉隆坡22日讯)兴业投行股票资本市场区域主管顏锦坤表示,我国股票市场將在今年年底从逆风转向顺风,预计明年股市表现会比今年更好,然而许多外来投资者却因为目前的种种不利因素,不敢轻举妄动。

他表示,由於英国退出欧盟、美国利率高,以及中国经济成长等因素下,衝击我国和全球经济。

「事实上,美国的成长正逐渐缓慢,而我国政策制定者已经能够適应,並懂得创新,能够制定良好的政策,来推动我国经济成长。」

他表示,我国是全球最大的棕油和橡胶出口国之一,同时也是原油的进出口国。


「过去大马过於依赖原油税收作为增加我国收入,隨著近年国际原油价格下滑,导致我国收入比预算案来的少,政府因此调整发展和行政开支。」

「目前政府已经改善,逐渐减少过度依赖原油的税收。」

他指出,在2014年,我国有29%的税收来自原油,以及2015年只有18%,然而在今年,我国政府收入预期只有13%来自原油税。

顏锦坤是「马来西亚—广东投资促进总商会」交流晚宴上演讲时表示,由於令吉的表现不爭气,导致许多外来投资者望而却步,尤其马幣去年是亚洲表现最差货幣的国家。

「但是在今年,令吉已经有明显的反弹,与美金相比,令吉目前已经提升了5.6%,排在日圆之后,成为今年第二表现最好的货幣。」

一带一路带来机会

马来西亚中国银行副执行长总裁许赞军认为,大马有极大的市场机会可以发挥和把握,即一带一路倡议、以人民幣结算,以及与中资银行进行交流。

「在2014年至2015年,中国在大马投资数额达到16.5亿美元(约67亿令吉),过去两年投资数额合计几乎等於2014年之前的总额。」

「大马佔了人才、语言、文化、资源和市场优势,而一带一路倡议给大小企业带来机会。」

她表示,若企业家使用人民幣结算,就等於多了一个砝码和机会,因为人民幣是中国人民拥有最多的货幣,也是中国政府最支持的货幣。

此外,她也鼓励大马企业家多和中资银行交流,因为中资银行的作用,就是把中国企业介绍到大马,以及把大马企业介绍去中国,缔造新的市场机会。

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Re: Spot KLCI Index
« Reply #217 on: June 23, 2016, 09:36:59 AM »



Market Preview
KLCI to tread cautiously ahead of UK referendum, next hurdle at 1,642
By Surin Murugiah / theedgemarkets.com   | June 23, 2016 : 6:05 AM MYT   
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KUALA LUMPUR (June 23): The FBM KLCI is expected to tread cautiously today in line with the mixed overnight close at most global markets with the next hurdle seen at 1,642 points, ahead of the referendum in Britain to decide whether it remains in the European Union, which has kept investors on tenterhooks.

Global markets traded cautiously on Wednesday, a day before the United Kingdom votes on whether to stay in the EU, with Wall Street stocks easing lower and sterling inching up, according to Reuters.

Oil fell back below $50 per barrel and the yen was down against the dollar, with the latest polls showing a slight tilt towards leaving the European Union when Britons go to the polls on Thursday, it said.

AllianceDBS Research in its evening edition Tuesday said that following the near day’s high up close in the preceding day, the FBM KLCI had on June 21 crossed over the 1,635 hurdle to settle at the day’s high of 1,637.69 in the last few minutes buying of selective blue chip stocks (up 3.46 or 0.21%). 

The research house said that in the broader market, gainers outnumbered losers with 371 stocks ending higher and 370 stocks finishing lower.

“That gave a market breadth of 1.002 indicating the bulls were marginally in better control with the bears closely matched,” it said.

AllianceDBS Research said the market saw another day of buying support with last few minutes buying of selective blue chip stocks that lifted the index above the 1,635 with a day’s high settlement of 1,637.69.

“A closer study of the way this market carried itself on June 21 indicated that many market participants were still not willing to buy aggressively into the market at this juncture.

“What we saw in the last 3 days were believed to be a reaction to the recent market decline from the high of 1,664 (June 9) to the low of 1,613 (June 16).

“While the 1,637.69 settlement may have placed the market in a convenient position to test higher ground again, the crossover of 1,635 was not convincing at all due to indecisive buying supports,” it said.

The research house said thus, the underlying market strength remains on the weak side and is expected to move between 1,635 and 1,611 in the coming few days.

It said a decisive crossover of 1,635 should see a test of next hurdle at 1,642, adding that indicator wise, the MACD is above the 9-day moving average line.

“The analysis of overall market action on June 21 revealed that buying power was stronger than selling pressure.

“As such, the FBM KLCI would likely trade above the 1,637.69 level on June 23,” said AllianceDBS Research.

Based on corporate announcements and news flow Tuesday, companies that may be in focus today could include: RHB Capita; Bhd, AirAsia Bhd, Felda Global Ventures Holdings Bhd, Sona Petroleum Bhd and Oriental Holdings Bhd.

Meanwhile, plantation-related stocks may attract some trading interest today after France's National Assembly on Wednesday scrapped plans for an additional tax on palm oil, which had raised an outcry in producer countries, after the government said it would propose a new tax scheme for vegetable oils used in food

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Re: Spot KLCI Index
« Reply #218 on: June 23, 2016, 05:05:41 PM »



closed

1639.98

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Re: Spot KLCI Index
« Reply #219 on: June 24, 2016, 02:34:11 PM »



Asia markets tumble as latest count puts UK on course for Brexit
Saheli Roy Choudhury   | @sahelirc
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An employees of a foreign exchange trading company works as he is seen between British Union flag and an EU flag in Tokyo, Japan, June 24, 2016.
Issei Kato | Reuters
An employees of a foreign exchange trading company works as he is seen between British Union flag and an EU flag in Tokyo, Japan, June 24, 2016.
Asian stocks cratered, gold prices surged and the dollar briefly plunged below 100 against the yen on Friday as financial markets were rocked by results from the U.K. referendum on European Union (EU) membership that pointed to a Brexit.

The U.K. is on course to leave the EU according to the latest predictions, a dramatic turn that polls did not predict, and which markets failed to adequately price in.

Major U.K. broadcasters including ITN, Sky and the BBC have all called the result for the leave camp, throwing markets around the world into turmoil and prompting sterling to hit its lowest level since 1985.

The ramifications of the result, although not yet officially announced, are already reverberating across the wider political and economic establishment.

In Japan, the Nikkei 225 tumbled 7.89 percent in the afternoon session on the back of fresh strength in the yen. Japan's Nikkei futures were briefly halted from trading for the first time since May 23, 2013, according to Reuters.
The Japanese yen initially weakened to as much as 106.81 against the dollar in early trade, but tracking a drop in the British pound amid the first set of results from the U.K. referendum, the currency strengthened. As of 12:31 p.m. HK/SIN, the dollar fell to 100.81 against the yen, having briefly fallen below 100.
Across the Korean Strait, the Kospi was down 3.94 percent.
Australia's ASX 200 dropped 3.5 percent, as stocks with exposure to the U.K. tumbled.

Henderson Group was down 12.82 percent; the investment management company is listed both on the Australian Securities Exchange and the London Stock Exchange. Similarly shares of Clydesdale Bank, which was spun-off from the National Australia Bank's U.K. business, was also down 15.34 percent. BT Investment shares dropped 14.48 percent.

Major Australian banks were also under pressure, with shares of ANZ off by 4.83 percent, Commonwealth Bank of Australia down 3.53 percent, Westpac down 5.06 percent and National Australia Bank down 4.07 percent.
Chinese mainland markets were lower, with the Shanghai composite down 1.19 percent and the Shenzhen composite down 1.21 percent. In Hong Kong, the Hang Seng index was down 4.67 percent.

"Risk assets and safe havens alike were whipsawed alongside sterling swings," said Wei Liang Chang, a foreign exchange strategist at Mizuho Bank.

Investors fled to haven assets such as government bonds, gold and the yen amid market volatility and uncertainty.

Spot gold climbed 5.65 percent to $1,326.20 an ounce as of 12:29 p.m. HK/SIN, sending gold miners in the region soaring; shares of Newcrest were up 6.79 percent, Evolution Mining up 13.47 percent and Alacer Gold up 8.14 percent.
Government bonds also saw yields drop; the yield on the 10-year Japanese government bond fell to negative 0.181 percent as of 12:37 p.m. HK/SIN, compared to levels near negative 0.129 percent earlier. The yield on the 10-year U.S. Treasury note fell to 1.5190 percent, compared with 1.704 earlier.

Bond prices move inversely to yields.

The currency market swung wildly. The British pound was at 1.3372 1.01 p.m. against the dollar, after reaching an earlier session low of $1.3224.

"For the most part, trading has been periodic amid dwindling liquidity," said Stephen Innes, a senior foreign exchange trader at OANDA. "While we expect liquidity to deteriorate as we near the final outcome, market depth is playing out as anticipated. We should expect a high level of volatility, bordering on excessive at times, as results hit the wires."

Major Japanese stocks were under pressure, with Toyota down 8.19 percent, Nissan down 8.47 percent and Honda off by 8.12 percent. A stronger yen is a negative for exporters as it reduces their overseas profits when converted into local currency.

Symbol   
Name   
Price       
Change   
%Change
NIKKEI   NIKKEI   14952.02       -1286.33   -7.92%
HSI   HSI   19889.88       -978.46   -4.69%
ASX 200   S&P/ASX 200   5104.20       -176.48   -3.34%
SHANGHAI   Shanghai   2868.01       -23.95   -0.83%
KOSPI   KOSPI Index   1925.24       -61.47   -3.09%
CNBC 100   CNBC 100 ASIA IDX   6040.07       -308.60   -4.86%
The euro also dropped against the greenback, trading at $1.1023 compared to an earlier high of $1.1432. Elsewhere the Australian dollar and the New Zealand dollar also dropped against the dollar.

The on-shore Chinese yuan traded at 6.6091 against the dollar. Before market open, the People's Bank of China (PBOC) guided the yuan weaker by fixing the midpoint at 6.5776, compared to Thursday's fix at 6.5658. China's central bank lets the yuan spot rate rise or fall a maximum of 2 percent against the dollar, relative to the official fixing rate.

"Today is a big test day not only for the confidence of Britain towards the European Union but also for the PBOC on managing the movement of the yuan," said Iris Pang, senior economist for Greater China, at Natixis.

"The PBOC has reiterated that the yuan is liberalized towards a more market-oriented currency. It is important for the regulator to demonstrate to the market that it allows movements in the [onshore yuan] and [offshore yuan] market to reflect the volatilities created by the Brexit voting event," she said.

Sharp shares tumbled 16.54 percent in afternoon trade after the Japan Exchange Group, which operates the Tokyo Stock Exchange, announced the electronics maker would be reassigned from the first section to the second section on the exchange. The first section is for large-sized companies, while the second section is for medium-sized companies.

In Hong Kong, shares of British banks plunged on the back of the U.K. referendum results. HSBC tumbled 9.25 percent, while Standard Chartered bank shares dropped 9.48 percent.

Oil prices were also under pressure Friday Asia time, with global benchmark Brent was down 5.83 percent at $47.94 a barrel as of 12:40 p.m. HK/SIN. U.S. crude futures were down 5.77 percent at $47.22. Energy stocks in the region were under pressure, with Santos shares down 7.68 percent, Woodside Petroleum down 3.8 percent and Inpex off by 9.43 percent.

Stateside, the Dow Jones industrial average closed up 230.24 points, or 1.29 percent, at 18,011.07. The S&P 500 closed up 27.87 points, or 1.34 percent, at 2,113.32 and the Nasdaq composite added 76.72 points, or 1.59 percent, to 4,910.04.
— Holly Ellyatt contributed to this report

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Re: Spot KLCI Index
« Reply #220 on: June 24, 2016, 02:44:10 PM »
Lari lintang pukang..... :sweat:
malimalimaliongongongnotongchefbutishua thuatong

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Re: Spot KLCI Index
« Reply #221 on: June 25, 2016, 02:55:53 PM »



Saturday, 25 June 2016
Brexit’s impact on Malaysians
BY FINTAN NG







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Market uncertainty: People work as screens display news and trading rates at the Euronext Stock Exchange services in Paris’ financial district of La Defense yesterday as Britain votes to leave the European Union, fuelling a wave of global uncertainty. – AFP
Market uncertainty: People work as screens display news and trading rates at the Euronext Stock Exchange services in Paris’ financial district of La Defense yesterday as Britain votes to leave the European Union, fuelling a wave of global uncertainty. – AFP
 
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THE immediate impact to Malaysia from UK leaving the European Union (EU) will be a weaker ringgit, which fell steadily against the US dollar at a pace last seen in the Asian financial crisis of 1997/1998 by midday yesterday as investors dumped riskier assets in emerging markets for so-called safe-haven assets such as US treasuries, Japanese government bonds, German bunds and gold.

Asian financial markets reacted rapidly when realisation set in that the “Leave” vote was leading with Tokyo’s Nikkei 225 and Topix benchmark indices plunging. Similarly, the FBM KLCI had fallen 22.66 points by the midday break. While the local bourse recovered most of the losses from earlier in the day, the intraday price movements is an indicator of what may come in the forseeable future.

The pound sterling had strengthened in the days before the June 23 referendum reflecting the hopeful albeit cautious mood that Brits will vote to stay in the EU. Emerging market equities and currencies also saw gains as investors took a risk-on stance. These gains have gone up in smoke as investors now take a risk-off stance.

Analysts had expected a close fight because the odds for Brexit, as the move to get Britain out of the EU is better known, had fallen somewhat following the murder of Labour Party member of parliament Jo Cox on June 16 with some polls showing that the “Remain” campaign had a slight edge.

The US dollar gained by more than 10% against the pound sterling by noon, Asian markets were mostly in the red at close while European markets opened in the red, with Paris’ benchmark Cac 40 dropping more than 7% in early trade. Investors have piled into safe-haven investments, with spot gold prices soaring and US Treasury 10-year yields falling to near four-year lows at one point as prices rose. Bond prices and yields have an inverse relationship.

Malaysian Rating Corp Bhd chief economist Nor Zahidi Alias says the whole issue boils down to uncertainties that will have impact on business decisions and the real economy especially in Europe. “Brexit will cause a knee jerk reaction to the financial markets – currencies being the most vulnerable. The volatility in equities and bonds cannot be underestimated in the short term but will eventually subside when a clearer picture emerges,” he tells StarBizweek.

Zahidi says the impact on Asian economies will be minimal, based on trade volumes. “Asia exports less than 1% to Britain, while Malaysia’s exports and imports to Britain are roughly 1% of total trade,” he adds.

For now, the pound sterling has weakened against the ringgit but the cross-rate will be up for a lot of volatile trading. Analysts have pointed out before the referendum that the ringgit and the rupiah were the most vulnerable Asean currencies to swings associated to the uncertainties surrounding the aftermath of Brexit.

The direction of commodity prices and crude oil in particular, will be key to the ringgit’s performance. The global crude oil benchmark, Brent, declined by more than 4% in the late morning as British media confirmed that Brexit was imminent. There is every indication that crude oil prices will continue to be volatile because demand may be crimped by Brexit uncertainties stemming from recessions in Britain and the EU, potentially slower US economic growth and the unresolved Chinese debt crisis.

“Although Britain accounts for only 2.5% of global gross domestic product, the indirect impact of Brexit on global growth as a result of uncertainties emanating from it cannot be underestimated. Capital flows will also be affected as investors increasingly seek safe haven assets, leading to further strengthening of the greenback and yen in the near term,” Zahidi says.

Indeed, financial markets are now contending with liquidity problems arising from investors selling riskier assets and buying into safe-haven ones. A Reuters report earlier in the week showed that the options to sell pound sterling far outstripped options to buy it in the run-up to the referendum, making it difficult to price the currency.

These illiquid conditions will also cause wild swings in asset prices, especially for riskier emerging-market assets, which are likely in for a rollercoaster ride because investors are now in risk-off mode, that is, they are now limiting their exposure to such assets.

However, Securities Commission chairman Tan Sri Ranjit Ajit Singh says Malaysia’s capital markets have the the breadth and depth to manage the impact of any volatility. He noted that market conditions have adjusted in an orderly manner as in the past. “Our view is that the market will adjust to reach an equilibrium, the long term implication has not been fully reflected yet but as far as the Malaysian market is concerned, we see orderly conditions prevailing,” Ranjit says.

He adds that market players are well capitalised and are able to absorb any reaction that may occur. “So far, market conditions have been manageable in terms of the impact. We are keeping a close watch on the implications to the financial market, industry and economy. What is clear is that we must be able to ensure and demonstrate our commitment towards open trade and the advantages it provides to Malaysia and Asean. These will have implications for our markets,” Ranjit says.

Meanwhile, Citigroup Inc analysts advised investors in a report following the Brexit results to not invest in emerging markets despite the weakness in these assets because of the limited impact on fundamentals, investors already positioned in the defensive and in anticipation of more monetary policy support especially from the US Federal Reserve, the European Central Bank and the Bank of Japan.

“Elsewhere in Asia, the immediate policy response is likely to be for central banks to step into forex markets to provide liquidity for the likely strong demand for US dollar,” they say, adding that based on past experience, Bank Negara will be reluctant to intervene.

They point out that short-term forex managers’ relatively long exposure to the ringgit indicates that the currency “may suffer the most extreme move in the short run”. They believe that the won and the rupiah are also likely to underperform despite support from their central banks.

Morgan Stanley Research analysts say that Brexit will not trigger a global recession but economic growth will likely slow down to 3.1% from 3.4% on a base case scenario “due mainly to the impact on European growth and global financial conditions tightening”.

They also believe that the likelihood of central-bank intervention in the forex market has risen and indicate that the yen will strengthen to between 90 and 95 to the US dollar. The yen strengthened to as high as 99.02 in intraday trading yesterday.

The analysts say within Morgan Stanley’s Asia Pacific excluding Japan/emerging-market universe, the most preferred countries are India and South Korea. “Our least preferred countries are Australia, South Africa, Singapore,” they say. On a sectoral basis, they prefer staples, pharmaceuticals and IT and least prefer energy, materials and industrials.

“Within Japan, we would continue to prefer domestics over exporters, and we maintain our strong preference for real-estate investment trust stocks,” they add.

On the other hand, Bloomberg reported that Macquarie Securities’ Asian strategy head Viktor Shvets says Brexit is a positive for emerging markets, especially those economies underpinned by commodities such as Indonesia and Malaysia as a weaker greenback and stronger yen means better commodity prices and higher global prices, which will be good for emerging markets.

Macquarie has an underweight on Indonesia, Singapore, Thailand, Malaysia and Hong Kong, overweight on India, Philippines, China and Taiwan. Shvets believes the Fed will have less scope to tighten monetary policy, that is, raise interest rates, due to Brexit, deflationary pressure in Japan and the slowdown in China

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Re: Spot KLCI Index
« Reply #222 on: June 25, 2016, 04:46:37 PM »



MONEY

Bursa Malaysia likely to be volatile next week
Published: June 25, 2016 12:05 PM GMT+8

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File photo of an investor monitoring share market prices at a brokerage firm in Kuala Lumpur, Malaysia, August 24, 2015. — Reuters pic
File photo of an investor monitoring share market prices at a brokerage firm in Kuala Lumpur, Malaysia, August 24, 2015. — Reuters pic
KUALA LUMPUR, June 25 — Bursa Malaysia is likely to see volatile trading next week due to weak investor sentiment after the historic referendum, Brexit, that will break the United Kingdom from the European Union, dealers said.

Affin Hwang Investment Bank Vice-President/Retail Research Head, Datuk Dr Nazri Khan Adam Khan, said following the bearish performance of the global stocks, the FTSE Bursa Malaysia KLCI (FBM KLCI) could stage a correction with the 1,700-point level as the immediate target.

“At the moment investors are adopting a wait-and-see stand on the stock movements as they are cautious due to the Brexit.

“The investors are now shifting their interests to the safe haven assets such as bond and gold,” he told Bernama.

He said Bursa Malaysia was expected to trade at 1,600 level for the short term. However, he said, its performance will also depend on the ringgit's movements against the US dollar.

On the technical front, Kenanga Research Head of Research, Chan Ken Yew, said the FBM KLCI would likely remain range-bound next week, so long as it was still capped below the 1,605-1,625 resistance.


“As indicators have weakened, we do not rule out further correction towards the expected level in the near term,” he said.

On a weekly basis, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) added 9.87 points to 1,634.05 from 1,624.18 last week.

The FBM Emas Index increased by 35.89 points to 11,393.31, FBMT100 Index gained 333.14 points to 11,393.31 and the FBM Emas Syariah Index was 41.54 points higher at 11,968.84.

On a sectoral basis, the Finance Index rose by 38.98 points to 14,074.91 and the Industrial Index was 17.72 points higher to 3,071.60.

The Plantation Index eased 29.1 points to 7,539.27. Weekly turnover advanced 2.33 billion units valued at RM2.3 billion from

1.12 billion units valued at RM1.42 billion last week. Main market volume rose to 1.35 billion shares worth RM2.17 billion from 701.96 million shares worth RM1.36 billion previously.

Warrant turnover improved to 530.20 million units valued at RM127.60 million from 151.11 million units valued at RM22.23 million yesterday.

The ACE market added to 338.96 million shares worth RM61.84 million from 263.73 million shares worth RM37.87 million last week. — Bernama

- See more at: http://m.themalaymailonline.com/money/article/~-likely-to-be-volatile-next-week#sthash.1ikzfJsZ.dpuf

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Re: Spot KLCI Index
« Reply #223 on: June 27, 2016, 07:10:19 AM »



李兴裕:仅小震荡 但英资或撤离
本地投资者稳住马股
333点看 2016年6月26日

李兴裕

(吉隆坡26日讯)马股在英国公投脱欧后成为区域内震荡最小的股市,有赖于目前大马股市主要是本地投资者掌握。


但是,若英国情况持续低迷,或有大批英国投资者撤走资金。

资深经济学家李兴裕接受《南洋商报》访问时分析,在公投成绩出人意表的情况下,最容易受到影响的是金融市场,而大马并非没有存在风险。

他认为,基于大马股市许多外资是来自英国,若英国股市未来出现持续低迷,而英国投资者需要将资金撤回英国做“补仓”的举动,我国股市还是可能因为外国投资者的资金回流而受到影响。

马股净流出2亿

在出乎意料的英国脱欧公投成绩出炉后,全球股市哀鸿遍野,日本东京日经指数更急挫7.92%,首尔综合股价指数跌3.09%,香港恒生指数跌2.92%,综指一度挫1.71%,但最终收窄跌幅,全日下跌5.93点或0.36%。

根据大马股票交易所的数据,外国投资者在周五共脱售总值5亿8110万的股票,买入的股票总值3亿6430万令吉,净流出2亿1680万令吉。


姚金龙

不再享欧盟优待 经商成本增加

英脱欧经济将更糟

双威大学经济学教授姚金龙博士认为,英国经济在脱离盟欧后会更糟,因为它将不会再享受欧盟的优待,导致经商成本增加,对英国经济造成困扰。

根据财经周刊The Edge报道,他认为在英国掌握货币政策和赤字等课题上的更大自主权后,对于经济增长的限制也相对的小。

“如果英国经济在脱欧后的增长更慢,全球需求可能会被拖慢,而影响我们的出口,甚至因为投资者有意避险而导致资金回流。”


黄德明

马股须稳住1600点

Areca资本总执行长黄德明则声明,从策略上而言,应该要观察富时隆综指的走势,是否能稳稳保持在1600点以上。

他说,这样才能观察马股在美国股市完全吸收英国脱欧宣布带来的影响,以确定大马股市目前的弹性。

“等到脱欧的影响力逐渐淡化,加上市场期待美国今年只会升息一次,我相信马股在第四季会复苏。”

黄德明也点出,若马股在周一开始能稳住在1600点以上,应该是入市囤货的好时机,但若富时隆综指跌破1600点大关,这将会燃起另一波股市下滑。


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Re: Spot KLCI Index
« Reply #224 on: June 27, 2016, 07:13:20 AM »



外围动荡综指看跌
92点看 2016年6月27日
报道:邓莉璇

备受瞩目的英国脱欧公投结果出现戏剧性大逆转,写下历史新页,同时为市场掷下震撼弹,市场从看好留欧的正面情绪急转直下。


在投资者恐慌的同时,股灾袭击全球金融市场,亚洲股汇哀鸿遍野,马股受殃及应声急挫,令吉领跌亚洲货币。

上周五被视为“黑色星期五”,股汇齐跌,综指以1634.05点挂收,全日跌5.93点或0.36%;不过按周比较,则走高9.87点或0.61%。

展望本周,市场人士预计,综指将窄幅波动或往下跌,符合全球现金市场疲弱的展望,以及外围弥漫着不确定情绪。

艾芬黄氏投资银行副总裁兼散户部研究主管拿督纳兹里甘指出,综指在本周恐会进一步走跌,因英国公投出乎意料的结果,拖累市场情绪。


令吉料跌至4.15

“不过,国家银行采取的措施,将外汇储备金提升至3826亿令吉,有助缓冲劣势。”

他说,市场随着英国公投结果饱受惊慌,估计令吉兑美元会在本周进一步滑落至4.15水平。

“令吉走势调整主要是反射性反应,同时也发生在其他新兴经济体。而这情况将提供趁低购入的最佳时机,不过,最重要仍胥视投资者的情绪,冀望不会出现恐慌抛售。”

资深抽佣经纪卢文豪则说,从英国脱欧公投计票至成绩出炉,由于亚洲股市比欧洲股市更早看到结果,在开盘后下挫,因市场原本乐观的情绪随着计票成绩而急速降温,幸好综指接着成功收复部分失地,收窄跌幅。

他估计综指在本周会出现窄幅波动,因外围的动荡和英国脱欧出乎意料的结果,市场情绪在一定的程度上会受到影响。

他认为,基于大马和英国贸易不多,因此,表现不如和英国贸易紧密的香港和新加坡般糟糕;他将支撑点设在1600点,阻力点则落在1650点。


叶伦

1595至1600点支撑

兴业投行技术分析员廖志豪指出,以技术角度来看,若综指能守住1595点至1600点的支撑水平,走势有望趋稳。

在投资策略方面,卢文豪建议在选股时,要谨慎观察各别股项,不妨趁低购入一些适宜长远投资的股项。

他说,随着英国宣布脱欧,恐会掀起骨牌效应和引发其他欧盟成员国或陆续退出,尽管短期内不会发生,但恐会造成经济不稳定。

“不过往正面看,在局势不稳之际,美联储将会放慢升息步伐。”

美联储主席叶伦在上周的新闻发布会上,强调了全球对英国脱欧的担忧,表示如果英国脱欧,可能影响美国经济前景,这是在决定合适的政策路径时所考虑的一个因素。


本周利好

●英国脱欧对大马直接冲击不大

●马股跌至低点涌现入市时机

本周利淡

●令吉波动剧烈

●外围动荡和充斥不确定因素

●投资者信心动摇

●外资恐流出

注意事项

●令吉走势

●英国脱欧的骨牌效应

●欧洲和美国股市走势


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Re: Spot KLCI Index
« Reply #225 on: June 27, 2016, 08:05:35 AM »



脱欧风暴刚发酵/草根牛马
128点看 2016年6月27日

黄金十年●草根牛马
原本以为六月将尽,股市应该重新回去上升的轨道,但是一项出人意料之外的英国公投成绩,点燃了令人心悸的股灾,黑色星期五,横扫全球股市。

写稿之时,美国三大指数跌了3%,其中道琼斯指数跌穿500点。


另外,欧洲股市也一并倒地,德国和法国指数跌了6至8%,反而是罪魁祸首之英国,其指数只跌了3%多,和美国指数看齐。到底什么东西有这么大的影响力?

这就是英国在6月23日进行的全民公投,决定是否要留在欧盟(BREMAIN)还是脱离欧盟(BREXIT)。

从市场反应来看,可以确定这项结果是如此的不受欢迎,意思是如果公投结果是英国继续留在欧盟,那么股市应该大起,不然也会风平浪静。

但世事难料,投票结果是英国人民和全球意见相左,他们选择脱离欧盟,虽然那是小比数领先,但是人民的旨意不能违抗,非其国民无权干涉,所以,英国是确定向欧盟说拜拜了。

同一时间,英国首相也马上呈辞,向他的欧洲同盟谢罪。这场公投,首领为国运负上全责,在我国是多么离奇和遥远的事呐!


英国公投成绩,点燃了令人心悸的股灾,黑色星期五横扫全球股市。

马股本周或“补跌”

至于亚洲国家,除了日本(股市大跌7.9%),其他国家似乎没有很大的反应,跌幅介于1至3%。

我国综合指数在上周五一度跌了28点,之后反弹,临尾收市跌了5.9点,0.36%,小意思。不过,随着美欧股市在周五大跌,本周我们可能“补跌”。

但是,传统上大马股市对外围的震荡反应没有说很强烈,预料这一轮调整,正给予投资者买低的机会。那些希望大马股市崩盘的投资专家,可能又要失望了。不过,英镑和欧元,蒙受极大的卖压,似乎是一个买进的好机会。

买股牛皮靠稳

我们想要买入的股票,基本上还是牛皮靠稳。而且我们只能限在周五收市买入,不能见缝插针,因此,就算是本周大跌,到了周五,可能已经的反弹完毕,我们未必逮到很好的买入良机。

不过,如果读者想要入场,可以在本周留意,因为股市这轮调整已经够低了。

前周买入一些股项,原本想要等待市场反弹赚些蝇头小利,看来时机不对,遇到一场行云布雷的暴风雨,且退场观望,希望雨过天晴,迎来艳阳天。

趁机沽清OMESTI

我们趁OMESTI收市有人扶盘之际,把所有3万股全部卖掉(每股50仙),正式和它告别,也把现金增加到4万令吉以上。

资本回退压低长城

至于长城集团(GLBHD),在除权日期宣布以后,股价继续下滑,已经跌到1.31令吉;这个价位,以前我们是建议买入的,因此,也没有再把剩余的两万股卖掉,安心等它在本周的75仙资本回退除权,进一步提升手上现金,它和商峰(PUNCAK)同样命运,一个资本回退,将股价压缩到历史最低。

无论如何,本质上这些投资和我们去年买入CLIQ能源凭单所犯下的致命错误不同。后者是时间流逝时,生命也流逝,最后一去不复返;而前者,是坐困愁城,消耗时间,但是生命并没随之失去,也许斗转星移,会有另一番春秋。

因此,如果没有更好的选择,持有长城集团或商峰,并不是致命的错误。

但是,如果我们没法确定公司何时翻身,那么在有比它更好的投资机会出现之际,为投入它们的资金“转运”也是无可厚非的。


投资组合回酬跌10%

拜脱欧风暴所赐,组合回酬今年又再下滑,到了负近10%。

最令我担心的是,去年至今组合总亏损已经到了近负15%,看来要重新洗牌了。不过,我之所以没有这么做,是因为我们有两个附加股投资,其股票尚未回笼。

本周协徳(HIAPTEK)的债券和红股、凭单将上市,而多美包装(TOMYPAK)的附加股和凭单,也将在7月5日上市。

这两个生力军将为投资组合带来很正面的影响,因此,我们不应该在现阶段急于把所有股票卖完,重新制定一个新的组合。

只是,其中一个我们要比较注意的是,届时凭单对组合的资本比率,可能上到30%,而在不久的未来,我们又圈定一些不错的凭单想要投资,因此,我们可能适时对凭单的结构作出调整。

免责声明

除了股票基本面,本文内容纯属虚构,所有提及股项纯属学术上或经验上的建议,读者若有兴趣投资,应该自行深入研究或询问股票经纪才决定,盈亏自负。

我们鼓励通过正确的投资方式创造财富,文中的建议,都有一个完整的买卖纪录。


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Re: Spot KLCI Index
« Reply #226 on: June 27, 2016, 08:19:02 AM »



Market Preview
KLCI to remain weak in line with post-Brexit global losses
By Surin Murugiah / theedgemarkets.com   | June 27, 2016 : 6:03 AM MYT   
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Translated by Google Translator:
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KUALA LUMPUR (June 27): The FBM KLCI is expected to remain weak today in line with global markets still reeling from Britain’s decision to exit the European Union following the referendum on June 23.

Global stock markets lost about $2 trillion in value on Friday after Britain voted to leave the European Union, while sterling suffered a record one-day plunge to a 31-year low and money poured into safe-haven gold and government bonds, according to Reuters.

The blow to investor confidence and the uncertainty the vote sparked could keep the U.S. Federal Reserve from raising interest rates as planned this year, and even spark a new round of emergency policy easing from major central banks, it said.

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Jameel Ahmad, VP of Market Research at FXTM said that the financial markets and spectators across the globe were in a complete state of shock following the unexpected outcome to the EU referendum that the UK has voted to leave the European Union.

“Investors were guilty of ignoring the consistent opinion polls that repeatedly pointed out that the vote was going to be close and as a result, the possibility of a UK exit had been severely under-priced throughout the financial markets.

“Make no mistake, around this time last year the markets were in complete pandemonium over what implications a “Grexit” could have on the global markets and the ramifications of a “Brexit” will carry far more severe risks,” Jameel said in a note last Friday.

Based on corporate news flow and announcements today, stocks in focus next Monday (June 27) could include: Berjaya Assets Bhd, MyEG Services Bhd, Sime Darby Bhd, SP Setia Bhd, Eco World International Bhd, Kimlun Corporation, Kelington Group Bhd, REDtone International Bhd, Oriental Interest Bhd and Red Sena Bhd

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« Reply #241 on: June 27, 2016, 11:34:21 AM »



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Re: Spot KLCI Index
« Reply #242 on: June 27, 2016, 11:47:43 AM »



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Re: Spot KLCI Index
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Re: Spot KLCI Index
« Reply #244 on: June 27, 2016, 12:05:48 PM »



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Re: Spot KLCI Index
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Re: Spot KLCI Index
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Re: Spot KLCI Index
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Re: Spot KLCI Index
« Reply #248 on: June 27, 2016, 02:36:06 PM »



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Re: Spot KLCI Index
« Reply #249 on: June 27, 2016, 02:41:53 PM »
Market may need time to evaluate Brexit ~ 26 Jun 2016
http://www.theborneopost.com/2016/06/26/market-may-need-time-to-evaluate-brexit/

Support level is strong at 1,610 points. In the past one month, the FBM KLCI rebounded whenever it fell to this level, including last Friday when there was strong selling pressure. Despite being bearish in the long term, the bullish divergence on the RSI indicator shows that there is strong support. The FBM KLCI is still within the sideways range between 1,610 and 1,640 points. After the UK exit, the market may need some time to evaluate the situation. If the FBM KLCI stays between these levels, the market is still uncertain. However, a breakout above 1,640 points indicates a bullish sentiment and the market may start to rally but a breakout below 1,610 points could cause a major decline and we are talking above the index falling to 1,500 points. Let’s see which level the FBM KLCI breaks.