MALAYSIA share prices opened lower on Wednesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 3.53 points to 1806.54.
Volume was 18.9 million lots worth RM7 million.
Gainers outnumbered losers 66 to 57.
KLSE Malaysia Opening Market Update : Epic Research Malaysia
Wednesday, 18 February 2015
MALAYSIA share prices opened lower on Wednesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 3.53 points to 1806.54.
Volume was 18.9 million lots worth RM7 million.
Gainers outnumbered losers 66 to 57.
Market Closing Update
Tuesday, 17 February 2015
Volume was 1.67 billion lots worth RM1.49 billion.
Losers outnumbered gainers 381 to 349.
KLSE Comex Recommendations
INTERNATIONAL COMMODITY NEWS :
Crude oil prices eassed Tuesday in Asia ahead of U.S. supply data later in the week and as investors eyed talks between Greece and euro zone finance ministers that broke down overnight when Athens rejected a proposal to request a six-month extension of its international bailout as “unacceptable”.The unexpectedly rapid collapse raised doubts about Greece’s future in the single currency area after a new leftist-led government vowed to scrap the 240 billion euro bailout, reverse austerity policies and end cooperation with EU/IMF inspectors. Greece’s current €240 billion bailout is due to expire on February 28 and the new Greek government does not want it extended, fuelling fears over a conflict with its creditors which could trigger the country’s exit from the euro zone. Greece’s Finance Minister Yiannis Viviparous said Monday that he was ready to sign a document drafted by the European Commission, which outlined a deal between Greece and its partners However, Varoufakis said, Eurogroup President Jeroen Dijsselbloem presented him with another document, which referred to past policies and was vague in key issues such as “flexibility”, which he could not accept.
TRADING STRATEGY :
BUY GOLD ABOVE 1231 TARGET 1236 1242 SL 1225
SELL GOLD BELOW 1223 TARGET 1218 1212 SL 1229
Crude oil prices eassed Tuesday in Asia ahead of U.S. supply data later in the week and as investors eyed talks between Greece and euro zone finance ministers that broke down overnight when Athens rejected a proposal to request a six-month extension of its international bailout as “unacceptable”.The unexpectedly rapid collapse raised doubts about Greece’s future in the single currency area after a new leftist-led government vowed to scrap the 240 billion euro bailout, reverse austerity policies and end cooperation with EU/IMF inspectors. Greece’s current €240 billion bailout is due to expire on February 28 and the new Greek government does not want it extended, fuelling fears over a conflict with its creditors which could trigger the country’s exit from the euro zone. Greece’s Finance Minister Yiannis Viviparous said Monday that he was ready to sign a document drafted by the European Commission, which outlined a deal between Greece and its partners However, Varoufakis said, Eurogroup President Jeroen Dijsselbloem presented him with another document, which referred to past policies and was vague in key issues such as “flexibility”, which he could not accept.
TRADING STRATEGY :
BUY GOLD ABOVE 1231 TARGET 1236 1242 SL 1225
SELL GOLD BELOW 1223 TARGET 1218 1212 SL 1229
KLSE Stock Recommendations
MARKET UPDATES :
The FBM KLCI index gained 7.94 points or 0.44% on Monday. The Finance Index increased 0.46% to 15996.17 points, the Properties Index up 0.13% to 1313.87 points and the Plantation Index rose 0.25% to 8185.34 points. The market traded within a range of 9.47 points between an intra-day high of 1809.71 and a low of 1800.24 during the session.
The FBM KLCI index gained 7.94 points or 0.44% on Monday. The Finance Index increased 0.46% to 15996.17 points, the Properties Index up 0.13% to 1313.87 points and the Plantation Index rose 0.25% to 8185.34 points. The market traded within a range of 9.47 points between an intra-day high of 1809.71 and a low of 1800.24 during the session.
STOCK RECOMMENDATION :
BUY FELDA GLOBAL AT CMP 2.900 TARGET 2.940 3.000 SL 2.850
KLSE IForex Recommendations
TRADING TIPS :
GBP/USD hit 1.5440 during European morning trade, the pair’s highest since January 2; the pair subsequently consolidated at 1.5413, adding 0.12%.The dollar remained under pressure after data on Friday showed that the preliminary reading of the University of Michigan’s consumer sentiment index fell to 93.6, down from January’s final reading of 98.1.The report came a day after data showing that U.S. retail sales unexpectedly fell 0.8% lastmonth after dropping 0.9% in December, indicating that consumer spending remained sluggish at the start of the year.The pound had strengthened last week after the Bank of England said inflation is likely to fall to zero in the first half of this year, but added that there was no threat of deflation taking hold in the U.K.
INTRADAY OUTLOOK
Support: 1.5327
Resistance: 1.5408
RECOMMENDATION:
1. Buy GBP/USD Above 1.5410-TG: 1.5430/1.5460 SL 1.5380
2. Sell GBP/USD Below 1.5325-TG: 1.5305/1.5275 SL 1.5355
INTRADAY OUTLOOK
Immediate Support: 1.1368
Immediate Resistance: 1.1459
RECOMMENDATION:
1. Buy EUR/USD Above -1.1461 TG: 1.1481/1.1511 SL 1.1431
2. Sell EUR/USD Below -1.1366 TG:1.1346/1.1316 SL 1.1399
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