Market Closing Update

MALAYSIAN shares ended lower on Friday with the Kuala Lumpur Composite Index slipping 5.05 points to close at 1,813.37.

Some 1.64 billion lots, valued at RM1.82 billion were traded. Gainers numbered 354 while losers numbered 391.

KLSE Comex Recommendations

INTERNATIONAL COMMODITY NEWS :

Crude oil prices rebounded in Asia on Thursday with events in Yemen offering fresh support as Saudi Arabia and allies bomb Houthi rebel positions and President Abdrabbuh Mansour Hadi hangs onto power. On the New York Mercantile Exchange, WTI crude for May delivery rose 0.99% to $49.70 a barrel. Crude oil futures surged on Wednesday, amid increasing geopolitical risks related to the advance of the Iranian-backed Houthi rebels in Yemen. Global oil prices spiked by more than a dollar on Wednesday afternoon, as reports surfaced that Saudi Arabia is moving heavy military equipment, including artillery to its border with Yemen. The buildup came in response to the seizure of the al-Anad base, a Yemen airbase that had previously been used by U.S. troops in their fight against Al-Qaeda.




TRADING STRATEGY :
BUY GOLD ABOVE 1201 TARGET 1206 1212 SL 1195

SELL GOLD BELOW 1194 TARGET 1189 1183 SL 1200

KLSE Stock Recommendations

MARKET UPDATES :
The FBM KLCI index lost 0.68 points or 0.04% on Thursday. The Finance Index increased 0.12% to 16100.75 points, the Properties Index up 0.23% to 1305.57 points and the Plantation Index down 0.27% to 7786.49 points. The market traded within a range of 5.11 points between an intra-day high of 1820.52 and a low of 1815.41 during the session.

STOCK RECOMMENDATION :

BUY KNM GROUP AT 0.700 – 0.705 TARGET 0.750 0.850 SL 0.600

KUALA LUMPUR MARKET UPDATE FOR 27-MARCH-2015

KUALA LUMPUR: ‪#‎Bluechips‬ ended Friday morning slightly lower in lacklustre trade after the ‪#‎crudeoil‬ prices retreated and the ringgit weakened against the US dollar while investors decided to stay mostly on the sidelines.

At 12.30pm, the ‪#‎KLCI‬ was marginally lower by 0.96 of a point or 0.05% to 1,817.46. Turnover was 824.61 million shares valued at RM679.55mil. There were 267 gainers, 330 losers and 352 counters unchanged.
Reuters reported Asian stocks were mixed as rising tensions in the Middle East obscured the investment outlook, while the dollar rebounded. 

Oil prices ease as market downplays supply threat from Yemen

Oil prices fell over a percentage point on Friday as traders estimated that the threat of a disruption to world crude supplies from Saudi Arabia-led air strikes in Yemen was low.

Goldman Sachs said in an overnight note that the strikes in Yemen would have little effect on oil supplies as the country was only a small crude exporter and tankers could avoid passing its waters to reach their ports of destination.

Internationally traded Brent crude futures were trading at $58.44 a barrel at 0211 GMT, down 75 cents from their last settlement. U.S. crude was down 88 cents at $50.55 a barrel.