Current Market Update

Here are the latest trading levels for Asia's major stock markets: 

Tokyo (Nikkei Average) flat 
 Hong Kong (Hang Seng Index) up 0.1% 
 Shanghai (Shanghai Composite Index) up 0.5% (at break) 
 Sydney (S&P/ASX 200) up 0.7% 
 Seoul (Kospi) up 0.1% 
 Mumbai (Sensex) down 0.1% 
 Taipei (Taiex) up 0.1%

Asian Market Update

Asian markets were mostly higher Wednesday following better-than-expected US economic growth data and news that Germany had narrowly averted recession.

The dollar struggled to resume its uptrend against the yen, with analysts forecasting the pairing were close to finding their plateau.

Tokyo fell 0.27 per cent owing to the stronger yen, but Hong Kong added 0.13 per cent, Sydney rose 0.87 per cent and Shanghai gained 0.46 per cent. Seoul was flat.

The gains came despite a weak lead from Wall Street, where the Dow and S&P 500 retreated slightly from record highs.

KLSE Malaysia Opening Market Update

MALAYSIA share prices opened higher on Wednesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 1.95 points to 1840.52.

Volume was 30.95 million lots worth RM11.72 million.

Gainers outnumbered losers 99 to 61.

Market Closing Update

MALAYSIAN shares ended higher on Tuesday with the Kuala Lumpur Composite Index adding 4.79 points to close at 1,838.56.

Some 2.09 billion lots, valued at RM2.46 billion were traded. Gainers numbered 308 while losers numbered 476.

KLSE Stock Recommendations

MARKET UPDATES :

WCT Holdings Bhd’s pre-tax profit for the third quarter ended Sept 30, 2014 fell to RM32.37 million from RM59.89 million in the same period last year.Revenue, however, rose to RM471.11 million from RM418.51 million previously. In a filing to Bursa Malaysia, the company said operational profit from its property development, investment, civil engineering and construction segments posted lower operational profit mainly due to lower project margin.



STOCK RECOMMENDATION :

BUY SAPURA KENCANA ABOVE 3.260 TARGET 3.300 3.350 SL 3.200