FBM KLCI Index Gained 3.75 Points

The FBM KLCI index gained 3.75 points or 0.22% on Wednesday. The Finance Index fell 0.08% to 17575.66 points, the Properties Index up 0.27% to 890.26 points and the Plantation Index rose 0.34% to 7426 points. The market traded within a range of 5.51 points between an intra-day high of 1742.80 and a low of 1737.29 during the session.

Actively traded stocks include MRCB, TIGER, BORNOIL, HIBISCS, BARAKAH, NGGB-WA, PWORTH, HIBISCS-WC, VS-WA and NGGB. Trading volume increased to 2025.48 mil shares worth RM2080.06 mil as compared to Tuesday’s 1526.79 mil shares worth RM1615.81 mil.

Leading Movers were GENM (+13 sen to RM4.51), DIGI (+6 sen to RM4.46), IOICORP (+5 sen to RM4.58), PMETAL (+5 sen to RM4.83) and SIMEPLT (+3 sen to RM5.23). Lagging Movers were HLBANK (-26 sen to RM20.68), HLFG (-22 sen to RM18.78), TM (-2 sen to RM2.56), RHBBANK (-4 sen to RM5.29) and MISC (-3 sen to RM5.65). Market breadth was positive with 538 gainers as compared to 275 losers.

Epic Research is playing a basic role as a leading financial advisory by providing best recommendations for,Forex, Comex , KLSE Stocks and all other segments with the help of team of experts and it maintains high accuracy. We Provide Daily KLSE Report , Daily Stock Signals, TOP 5 Gainers , TOP Losers, Malaysia Stock Market, Dividend Stock, KLCI , FCPO Signals, FKLI Signal Here.

Copper Market Update

May copper HGK5, +0.16%  added a penny to $2.78 a pound. April platinum PLJ5, -1.22%  fell $12.40, or 1%, to $1,131.20 an ounce. 

June palladium PAM5, +0.40%  rose 1 cent to $742.45 an ounce, after losing around 4.9% last week.

Iran talks keep crude-oil futures under pressure in Asia

Talks over a possible relaxation of sanctions against Iran that may increase global oil supplies kept crude-oil futures near a week’s low Monday, while a supply disruption due to Saudi airstrikes on Yemen looked increasingly unlikely.

light, sweet crude futures for delivery in May CLK5, -1.45%   traded at $48.09 a barrel, down 86 cents, or 1.8%, in the Globex electronic session. May Brent crude LCOK5, -0.69%  on London’s ICE Futures exchange was down 56 cents, or 1%, to $55.86 a barrel.

KLSE Comex Recommendations

INTERNATIONAL COMMODITY NEWS :

Gold futures retreated on Friday afternoon amid a wavering dollar, as traders awaited comments from Federal Reserve chair Janet Yellen later in the session. On the Comex division of the New York Mercantile Exchange,gold futures for April delivery fell 5.80% or 0.48% to $1,199 a troy ounce. The decline came one day after gold reached a three-week high at $1,205.10, capping a rally precipitated by relatively dovish comments from Ms. Yellen on Mar. 18. Gold prices started trending downward on Mar. 6, after the release of a promising U.S. jobs report fueled speculation that the Fed could raise interest rates sooner than expected. Prices then dipped to a four-month low last week at 1,148.20 ahead of the Fed’s decision to remove its stance of remaining patient on the timing of a potential rate hike.

TRADING STRATEGY :

BUY GOLD ABOVE 1207 TARGET 1212 1218 SL 1201

SELL GOLD BELOW 1194 TARGET 1189 1183 SL 1200

Silver Market Update

May silver SIK5, -0.99%  settled down 7.1 cents, or 0.4%, at $17.069 an ounce, leaving it with a weekly gain of 1.1%.

May copper HGK5, -1.65%  dropped 4.35 cents, or 1.6%, to $2.7675 a pound — up roughly 0.2% for the week. April platinum PLJ5, -1.19%  fell $10.40, or 0.9%, to $1,143.60 an ounce — 0.2% higher from the week-ago settlement. 

June palladium PAM5, -4.62%  gave up $32.35, or 4.2%, to $741 an ounce, losing around 4.9% for the week.

Gas Market Update

April natural gas NGJ15, -2.81%  fell 8.2 cents, or 3.1%, to $2.59 per million British thermal units, with the contract down 7% for the week. The April contract expired at the close of Nymex trading.

Gasoline Market Update

April gasoline RBJ5, -4.55%  settled at $1.798 a gallon, down 8.4 cents, or 4.5%. It was about flat for the week. April heating oil HOJ5, -3.07%  fell 6 cents, or 3.4%, to $1.7275 a gallon—down about 0.4% on the week.

Oil surrenders some Yemen-related gains, still up 5% on week

Oil futures settled lower on Friday for the first time in six sessions but still gained about 5% for the week, with strength fueled in part by an escalating conflict in Yemen.

West Texas Intermediate crude for delivery in May CLK5, -5.83%  settled at $48.87 a barrel, down $2.56, or 5% on the New York Mercantile Exchange, with the front-month contract ending about 4.9% higher for the week following a 4.5% jump on Thursday.

May Brent crude on London’s ICE Futures exchange LCOK5, -5.19%  fell $2.78, or 4.7%, to $56.41 a barrel, leaving it with a weekly gain of around 2%.

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

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.

Gas Market Update

April natural gas NGJ15, -0.64%  turned lower to trade at $2.666 per million British thermal units, down 5.7 cents, or 2.1%. The EIA reported Thursday an increase of 12 billion cubic feet in last week’s natural-gas supplies. Analysts polled by Platts forecast a rise of 12 to 16 billion cubic feet.

Silver Market Update

May silver SIK5, -0.53%  added 14 cents, or 0.8%, to end at $17.14 an ounce.

April gasoline RBJ5, -1.39%  traded at $1.862 a gallon, up 2.6 cents, or 1.4%, while April heating oil added 4.1 cents, or 2.4%, to $1.769 a gallon.

Copper Market Update

 

May copper HGK5, -1.09%  rose 1.9 cents, or 0.1%, to $2.811 a pound. 

April platinum PLJ5, -0.26%  tacked on $7.50, or 0.7%, to $1,154 an ounce.

June palladium PAM5, -0.72%  rose $7.95, or 1%, to $773.35 an ounce.

Oil races past $50 amid Saudi airstrikes in Yemen

Oil futures jumped past $50 a barrel on Thursday, headed for their fifth straight daily gain as Saudi Arabian airstrikes in Yemen raised fresh concerns over potential disruptions to crude supplies.

May crude CLK5, -2.00%  climbed 98 cents, or 2%, to $50.19 a barrel on the New York Mercantile Exchange. It hit an intraday high of $52.48 a barrel, according to FactSet data.

May Brent crude LCOK5, -1.61%  on London’s ICE Futures exchange rose $1.70, or 3%, to $58.18 a barrel.

Platinum Market Update

April platinum PLJ5, +0.30%  gained $5 to end at $1,146.50 an ounce.

June palladium PAM5, +0.31%  rose $1.70 to $765.40 an ounce.

May copper HGK5, +0.50%  fell 1 cent to $2.79 a pound.

Gas Market Update

April natural gas NGJ15, +0.44%  continued lower, settling at $2.723 per million British thermal units, down 6.3 cents, or 2.3%, after climbing 1.9% a day earlier.

Gasoline Market Update

April gasoline RBJ5, +1.21%  settled up 3.7 cents, or 2%, at $1.837 a gallon.

April heating oil HOJ5, +1.61%  added 2.2 cents, or 1.3%, to $1.728 a gallon.

May silver SIK5, +0.09%  rose 2 cents, or 0.1%, to settle at $17 an ounce.

Oil ends at more than 2-week high on Middle East turmoil

Oil futures settled above $49 a barrel on Wednesday, at their highest level in more than two weeks, with turmoil in Yemen raising concerns over crude supplies in the Middle East.

crude for delivery in May CLK5, +3.54%  settled at $49.21 a barrel, up $1.70, or 3.6%. Prices had been trading around $48.23 shortly before the supply data, pared gains after it, then spiked higher just over an hour before the scheduled close of trading on Nymex. The settlement was the highest for a front-month contract since March 9.

May Brent crude LCOK5, +2.64%  on London’s ICE Futures exchange rallied $1.37, or 2.5%, to $56.48 a barrel.

KLSE Comex Recommendations

INTERNATIONAL COMMODITY NEWS :

Gold prices were marginally higher in early Asia on Tuesday ahead of the initial HSBC (LONDON:HSBA) manufacturing gauge for March that will also put copper into focus. In China, the March flash reading of the HSBC PMI will be released at 09:45 Beijing time (0145 GMT) and is expected at 50.6, a slight downtick from 50.7 in February. On the Comex division of the New York Mercantile Exchange gold futures for April delivery fell 0.10% to $1,189.100 a troy ounce.Overnight, gold futures edged up on Monday reaching two-week highs, amid modest gains from the euro against the U.S. Dollar. Gold prices have rallied since the middle of last week following relatively dovish comments from Federal Reserve chair Janet Yellen halted the dollar’s steep appreciation against the euro. Despite offering indications that the Fed will likely increase interest rates at some point this year, Yellen said the Fed will take a “data driven” approach on the timing of its first interest rate hike since 2009.



TRADING STRATEGY :

BUY GOLD ABOVE 1192 TARGET 1197 1203 SL 1186
SELL GOLD BELOW 1185 TARGET 1180 1174 SL 1191

Platinum Market Update

April platinum PLJ5, -0.24%  settled up $3.30, or 0.3%, at $1,144.50 an ounce, while June palladium PAM5, +0.23%  fell $8.40, or 1.1%, to $770.70 an ounce.

May copper HGK5, +0.02%  tacked on 2.85 cents, or 1%, to $2.7895 a pound.