MARKET UPDATES :
Late buying in selected heavyweight counters pushed Bursa Malaysia to end trading higher today, extending last week’s gains, dealers said. At 5 pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) ended at an intra-day high of 1,735.08, up 2.64 points, after going as low as 1,718.76 throughout the trading day. Regionally, Asian stock markets were mixed, as investors remained cautious over the US non-farm payrolls report released last week, coupled with uncertainty in global oil prices due to weakening demand in Europe and Asia.
STOCK RECOMMENDATION :
BUY V.S INDUSTRY ABOVE 2.830 TARGET 2.880 2.940 SL 2.770
Late buying in selected heavyweight counters pushed Bursa Malaysia to end trading higher today, extending last week’s gains, dealers said. At 5 pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) ended at an intra-day high of 1,735.08, up 2.64 points, after going as low as 1,718.76 throughout the trading day. Regionally, Asian stock markets were mixed, as investors remained cautious over the US non-farm payrolls report released last week, coupled with uncertainty in global oil prices due to weakening demand in Europe and Asia.
STOCK RECOMMENDATION :
BUY V.S INDUSTRY ABOVE 2.830 TARGET 2.880 2.940 SL 2.770
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