Recent Posts

Pages: [1] 2 3 4 ... 10
1
Equities / Re: KLSE starting to collapse
« Last post by ORIENT on Today at 03:22:25 AM »
The Malaysian palm oil futures rebounded from the previous week’s losses, but failed to maintain its winning streaks due to technical correction and sluggish demand.

The benchmark crude palm oil futures (FCPO) contract fell 3.09 per cent to RM2,194 on Thursday, which was RM70 lower than RM2,264 recorded during the previous week on Friday.

The average daily trading volume during Monday to Thursday increased 14.89 per cent with a total average of 56,175 contracts traded, as compared with a total average of 47,809 contracts traded during last Monday to Thursday.

The daily average open interest during Monday to Thursday increased 2.94 per cent to 263,106 contracts from 255,374 contracts during last Monday to Thursday.

AmSpec reported that exports of Malaysian palm oil products for July 1 to 20 fell 1.3 per cent to 681,178 tonnes, from 690,015 tonnes shipped during June 1 to 20.

Societe Generale de Surveillance (SGS) reported that exports of Malaysian palm oil products during July 1 to 20 rose 3.3 per cent to 692,334 tonnes from 670,442 tonnes shipped during June 1 to 20.

Malaysia’s palm oil production is expected to rise in July and throughout the third quarter of the year, in line with the seasonal trend.

Exports from Malaysia, the world’s second largest palm oil producer, had already declined for a third straight month in June, down 12.6 per cent at 1.13 million tonnes, on slower demand from key buyers India and China. Independent inspection company AmSpec Agri Malaysia reported a 1.3 per cent decline in Malaysian palm oil exports for July 1 to 20.

Spot ringgit depreciated 0.63 per cent to 4.0655 against the US dollar, compared with 4.04 on last Friday.

The dollar held below a one-year high on Friday after US President Donald Trump expressed concerns about a stronger currency, although a weakening Chinese yuan reduced risk appetite.

Technical analysis

According to the FCPO daily chart, FCPO gained from last week’s losses but was unable to maintain its uptrend.

On Monday, FCPO ended at 2,171, 26 points higher than the previous close of 2,j\145, with a traded volume of 17,380.

On Tuesday, FCPO ended at 2,170, one point lower than the previous close of 2,171, with a traded volume of 16,866.

On Wednesday, FCPO ended at 2,212, 42 points higher than the previous close of 2,170, with a traded volume of 24,268.

On Thursday, FCPO ended at 2,195, 17 points lower than the previous close of 2,212, with a traded volume of 19,022.

On Friday, FCPO ended at 2,194, one point lower than the previous close of 2,195, with a traded volume of 17,725.

Based on the daily candlesticks chart, current market showed signs of a rebound but market sentiment remained unclear. In the coming week, FCPO might test the first support level at 2,185.

If FCPO fails to rebound, it is expected to trade lower to the second support level at 2,165.

Traders should wait for the coming week’s market’s movement to further confirm the upcoming market trend.

Resistance lines will be positioned at 2,210 and 2,240, whereas support lines will be at 2,185, and 2,165.

These levels will be observed in the coming week.

Major fundamental news this coming week

AmSpec and SGS reports will be released on July 25.

Oriental Pacific Futures (OPF) is a Trading Participant and Clearing Participant of Bursa Malaysia Derivatives. You may reach us at www.opf.com.my. Disclaimer: This article is written for general information only. The writers, publishers and OPF will not be held liable for any damage or trading losses that result from the use of this article.
2
Equities / Re: KLSE starting to collapse
« Last post by ORIENT on Today at 03:21:53 AM »
The Thomson Reuters BPAM All Bond Index registered a gain of 0.17 per cent to close at 158.787 points from 158.517 points last Friday.

The index gain was partly contributed by the heavy interest emerged in corporate bond/sukuk this week, especially for the government-guaranteed (GG) segment, which had registered a weekly trade volume of RM1.475 billion compared to RM827 million last week.

The strong interest in GG segments had also driven the GG curves bull-flattened by 1-5bps from three-year onwards for the week.

On the other hand, trading momentum in government segment slowed down significantly compared to last week due to lack of fresh leads.

On Wednesday, the Statistics Department announced the Consumer Price Index (CPI) for June 2018, which had registered the lowest growth in 40 months at 0.8 per cent on year-on-year basis.

The lower CPI growth in June 2018 was attributed to the abolishment of the GST to zero rated starting June 1, discounted price by retailers in conjunction with festivities and the implementation of Price Control Scheme for 22 selected items in conjunction with Hari Raya Aidilfitri.

Among the main groups that recorded decreases were index for Miscellaneous Goods & Services (3.1 per cent), Communication (three per cent), Recreation & Culture Services (2.9 per cent), Clothing & Footwear (2.6 per cent), Furnishings, Household Equipment & Routine Household Maintenance (2.4 per cent), and Food & Non-Alcoholic Beverages (one per cent).

On month-on-month basis, CPI decreased by 1.2 per cent as a result of the decrease in all main groups.

On the international front, Federal Reserve chairman Jerome Powell on Tuesday emphasised that more rate hikes are right path “for now” despite uncertainties arising from the trade wars between US and China as the job market was expected to improve further and the inflation rate was getting closer to the two per cent target.

Government bonds/sukuk remained the top 10 most actively traded bonds this week despite that the total trade volume for government segment was decreased to RM8.734 million from RM12.259 billion last week.

The recently reopened 10-year benchmark GII maturing on October 31, 2028 continued to top the list with RM1.3 billion changed hands.

On July 18, 2018, RAM Ratings has downgraded TF Varlik Kiralama AS’s (TF Varlik) RM3.0 billion Sukuk Murabahah MTN Programme (2014/2034) and KT Kira Sertifikalari Varlik Kiralama AS’s (KT Kira) RM2 billion Islamic MTN Programme (2015/2025) to A1/Stable and A1(s)/Stable from AA3/Negative and AA3(s)/Negative respectively.

The rating downgrade was triggered by RAM Ratings’ downgrade of Turkey’s sovereign ratings to gBB2(pi)/Stable/gNP(pi) from gBBB3(pi)/Negative/gP3(pi), due to an erosion of the country’s fiscal discipline, a rising likelihood of contingent liabilities crystallising and higher economic volatility.

Based on RAM Ratings methodology, the downgrade of Turkey’s rating to the gBB category necessitates a one-notch ‘sovereign weight’, which then lowers the bank’s long-term rating.
3
Equities / Re: KLSE starting to collapse
« Last post by ORIENT on Today at 03:21:10 AM »

The market staged a technical rebound as expected last week despite weaker ringgit and continuous foreign selling. Furthermore, global markets were mixed. This shows strong support from local institutions. The FBM KLCI rose 1.9 per cent in a week to 1,754.67 points last Friday.

Trading volume continued to increase last week especially towards the end of the week.

The average daily trading volume increased to 2.7 billion shares from 2.5 billion shares two weeks ago and the average daily trading value increased to RM2.7 billion from RM2.5 billion.

The selling mode from foreign institutions has not ended but eased. Net sell from foreign institutions was RM247 million while net buys from local institutions and local retail were RM240 million and RM7 million respectively.

In the FBM KLCI, gainers beat decliners seven to three. The top three gainers were Digi.com Bhd (9.1 per cent in a week to RM4.54), Telekom Malaysia Bhd (5.3 per cent to RM3.81) and Press Metal Bhd (five per cent to RM4.40).

The top three decliners were Hong Leong Bank Bhd (2.1 per cent to RM18.50), Hartalega Holdings Bhd (1.8 per cent to RM6.08) and Hong Leong Financial Group Bhd (1.1 per cent to RM18.20).

Asian markets were mixed last week. Chinese markets including Hong Kong fell lower but others were generally bullish.

Markets were also mixed in Europe but the US market continued to rise and dollar remained strong against other currencies.

The US dollar remained firm against major currencies in the past one week. The US dollar Index closed at 94.5 points last Friday as compared to 94.7 points the week before.

The Malaysian ringgit weakened against the US dollar from RM4.05 to a US dollar two weeks ago to RM4.06 last Friday.

Commodities prices ended generally lower last week. Gold (COMEX) fell 0.8 per cent in a week to US$1,231.90 an ounce, the lowest level in a year. Crude oil (Brent) declined 2.6 per cent in a week to US$73.00 a barrel.

In Malaysia, crude palm oil futures fell 2.3 per cent in a week to RM2,194 per metric tonne last Friday.

The index continued to rise last week after breaking above the resistance level of the down trend at 1,700 points two weeks ago.

The next resistance level is at 1,790 points based on the long term 200-day moving average. Hence, the previous resistance level at 1,700 points now turned support level.

Technically, the FBM KLCI is bullish in the short term above the short term 30-day moving average.

However, the index is still below the long term 200-day moving average and the Ichimoku Cloud indicator, which is currently between 1,780 and 1800 points.

The Ichimoku cloud remained bearish but the tightening of the cloud indicates a weak bearish trend.

Momentum indicators like the RSI, MACD and Momentum Oscillator continued to increase above their mid-levels and this indicates that the bullish momentum is gaining traction.

With the strong bullish rally in the past two weeks, we may expect some pull back this week for profit taking but generally, the trend may remain bullish.

The index is expected to test the next resistance level at 1,790 to 1,800 points.

The above commentary is solely used for educational purposes and is the contributor’s point of view using technical al analysis. The commentary should not be construed as an investment advice or any form of recommendation. Should you need investment advice, please consult a licensed investment advisor.
4
Equities / Re: KLSE starting to collapse
« Last post by ORIENT on Today at 03:12:18 AM »
(吉隆坡20日讯)截至7月13日,我国国际外汇储备减1亿美元,至1046亿美元,相比6月29日为1047亿美元。

国家银行发文告表示,上述外汇储备足以应付7.5月的进口及相等于1.1倍的短期外债。

6月14日,大马外汇储备报1079亿美元(约4357亿令吉),5月31日1085亿美元、5月15日1094亿美元。

基于马币兑美元波动,尽管美元计外汇储备告减,截至7月13日,马币计外汇储备达4251亿令吉,比前期4228亿多23亿令吉。

国行指出,国际储备金主要分布在外汇储备980亿美元、国际货币基金组织储备9亿美元、特别提款权12亿美元、黄金15亿美元及其他储备资产30亿美元。

文告说,国行的资产包括黄金和外汇及其他储备包括特别提款权4230亿8000万令吉、大马政府票据43亿令吉、金融机构存款42亿5000万令吉、贷款与透支72亿5000万令吉、土地及建筑41亿8000万令吉及其他资产95亿7000万令吉。
5
Equities / Re: KLSE starting to collapse
« Last post by ORIENT on Today at 03:11:40 AM »
(吉隆坡20日讯)美国总统特朗普抨击联储局升息决策,加上中国风险疑虑不减,亚洲货币周五(20日)起落参半。

马币兑美元深跌回弹,下午6时升至4.0600令吉,终止周四跌到4.0620令吉的颓势。

美元处于守势,跌0.16%至95.004,此前从2017年7月以来的最高位95.652回落。

盘中,印度卢比跌到历来最低的69.13,印尼盾也改写2015年10月以来新低,因中行利率保持不变。
6
Equities / Re: KLSE starting to collapse
« Last post by ORIENT on Today at 03:11:18 AM »
KUALA LUMPUR: The ringgit is likely to extend its downtrend against the US dollar to next week, amid stronger US economic growth and expectations of gradual interest rates hike by the Federal Reserve, said analysts.
7
Free For All / Re: My son just got diagnosed with asthma...
« Last post by AhmanGuy on Yesterday at 05:07:17 PM »
Is really depend on market need. Cannot deny that both brands are leading the Malaysia market nowadays. Hope can have others competitor in future to bring the price down.

you have the same thought with me :D :D :D
coz their price is reallll high for a normal person.
Hope the government will take action on the industry which is selling something with too much commission/earnings.
8
Equities / Re: KLSE starting to collapse
« Last post by ahbah on Yesterday at 12:01:12 PM »
KUALA LUMPUR: The ringgit is likely to extend its downtrend against the US dollar to next week, amid stronger US economic growth and expectations of gradual interest rates hike by the Federal Reserve, said analysts.
9
Commodities / Re: Spot Gold Price (Per Ounce)
« Last post by king on Yesterday at 11:02:39 AM »



1232
10
Commodities / Re: Spot Brent Oil Price
« Last post by king on Yesterday at 11:02:04 AM »



73.07
Pages: [1] 2 3 4 ... 10