KLSE Malaysia Opening Market Update

MALAYSIA share prices opened lower on Friday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 4.37 points to 1814.05 as at 9.30am.

Volume was about 164 million lots worth RM72 million.

Losers outnumbered gainers 134 to 81.

Market Closing Update

MALAYSIAN shares ended lower on Thursday with the Kuala Lumpur Composite Index slipping 0.68 points to close at 1,818.42.

Some 2.44 billion lots, valued at RM1.95 billion were traded. Gainers numbered 426 while losers numbered 397.

KLSE Stock Recommendations

MARKET UPDATES :

The FBM KLCI index gained 5.06 points or 0.28% on Wednesday. The Finance Index increased 0.48% to 16080.99 points, the Properties Index dropped 0.76% to 1302.55 points and the Plantation Index rose 0.16% to 7807.83 points. The market traded within a range of 11.01 points between an intra-day high of 1823.19 and a low of 1812.18 during the session.



STOCK RECOMMENDATION :
BUY FOCUS LUMBER AT 1.500 – 1.505 TARGET 1.550 1.650 SL 1.450

Trading ideas: Public Bank, Eco World, Managepay, Poh Kong, Tanjung

Public Bank, Eco World Development, Managepay Systems, Poh Kong and Tanjung Offshore could see trading interest on Thursday amid tough market conditions after the overnight plunge on Wall Street, says  JF Apex Research.

It said US markets plunged after February durable goods order dropped, indicating weak global demand and stronger US dollar. Similarly, European stocks fell sharply despite better-than-expected business sentiment data in Germany.

At Bursa Malaysia, the FBM KLCI closed up 5.06 points to 1,819.10 to extend its winning streak.

S&P Market News Update

 U.S. stocks were bludgeoned in Wednesday trading with the Dow threatening a 300-point drop as the Nasdaq Composite suffered its steepest decline since April 2014 as investors dumped technology and biotechs shares.

The S&P 500 SPX, -1.46%  fell 30.45 points, or 1.5% to 2,061.05, with nine of its 10 main sectors finishing sharply lower.