Volume was 81.61 million lots worth RM19.53 million.
Gainers outnumbered losers 221 to 27.
KLSE Malaysia Opening Market Update
Friday, 19 December 2014
Volume was 81.61 million lots worth RM19.53 million.
Gainers outnumbered losers 221 to 27.
Market Closing Update
Thursday, 18 December 2014
Some 1.91 billion lots, valued at RM1.93 billion were traded. Gainers numbered 761 while losers numbered 180.
KLSE IForex Recommendations
TRADING TIPS :
EUR/USD was up 0.51% to 117.01 after falling to one-month lows of 115.55 overnight.The dollar received a boost after data earlier showed that Japan’s exports grew by a smaller-than-forecast 4.9% in November, despite the steep fall in the yen, as slower demand in Asia and Europe weighed.Investors remained wary ahead of the Fed’s policy statement, as ongoing speculation over the prospects for a U.S. rate hike next year have fuelled expectations that the bank may change its forward guidance, and drop the pledge to keep interest rates near zero for a “considerable time.The traditional safe haven yen rallied on Tuesday as a rout in oil prices continued, adding to fears over the global economic outlook and the impact of oil’s drop on weakening emerging market economies and their currencies.
INTRADAY OUTLOOK
Support: 1.2436
Resistance: 1.2499
RECOMMENDATION:
1. Buy EUR/USD Above 1.2501-TG:1.2521/1.2551 SL 1.2471
2. Sell EUR/USD Below 1.2434-TG:1.2414/1.2384 SL 1.2474
INTRADAY OUTLOOK
Immediate Support: 1.5678
Immediate Resistance: 1.5749
RECOMMENDATION:
1. Buy GBP/USD Above 1.5751-TG:1.5771/1.5801 SL 1.5721
2. Sell GBP/USD Below 1.5675-TG:1.5655/1.5625 SL 1.5705
KLSE Comex Recommendations
INTERNATIONAL COMMODITY NEWS :
Gold prices eased on Thursday in Asia as the Federal Reserve’s outlook on rates weighed, though support on holiday demand remained. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at $1,190.20 a troy ounce, down 0.36%, after hitting an overnight session low of $1,191.00 and off a high of $1,203.00.Overnight, gold futures dipped on Wednesday as investors jumped to the sidelines ahead of the Federal Reserve’s statement on monetary policy later in the session. The Federal Reserve is not seen raising interest rates until 2015, but many investors bet Wednesday’s statement will scrap language suggesting that borrowing costs will remain low for a considerable amount of time. Expectations for more hawkish language supported the greenback, which tends to trade inversely with gold.
TRADING STRATEGY :
BUY GOLD ABOVE 1203 TARGET 1208 1214 SL 1197
SELL GOLD BELOW 1192.5 TARGET 1187.5 1182.5 SL 1196.5
Gold prices eased on Thursday in Asia as the Federal Reserve’s outlook on rates weighed, though support on holiday demand remained. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at $1,190.20 a troy ounce, down 0.36%, after hitting an overnight session low of $1,191.00 and off a high of $1,203.00.Overnight, gold futures dipped on Wednesday as investors jumped to the sidelines ahead of the Federal Reserve’s statement on monetary policy later in the session. The Federal Reserve is not seen raising interest rates until 2015, but many investors bet Wednesday’s statement will scrap language suggesting that borrowing costs will remain low for a considerable amount of time. Expectations for more hawkish language supported the greenback, which tends to trade inversely with gold.
TRADING STRATEGY :
BUY GOLD ABOVE 1203 TARGET 1208 1214 SL 1197
SELL GOLD BELOW 1192.5 TARGET 1187.5 1182.5 SL 1196.5
KLSE Stock Recommendations
MARKET UPDATES :
The World Bank has projected Malaysia’s economy to grow by 5.7 per cent in 2014 and 4.7 per cent in 2015. Growth will be underpinned by robust domestic growth, against a less favourable external outlook. In its latest Malaysia Economic Monitor, launched today, it described enlarging the middle class as critical to reducing income inequality and promoting shared prosperity in Malaysia. “Malaysia has used its rich natural resources and high economic growth to lift millions of households out of absolute poverty,” says Ulrich Zachau, World Bank country director for Malaysia.
The World Bank has projected Malaysia’s economy to grow by 5.7 per cent in 2014 and 4.7 per cent in 2015. Growth will be underpinned by robust domestic growth, against a less favourable external outlook. In its latest Malaysia Economic Monitor, launched today, it described enlarging the middle class as critical to reducing income inequality and promoting shared prosperity in Malaysia. “Malaysia has used its rich natural resources and high economic growth to lift millions of households out of absolute poverty,” says Ulrich Zachau, World Bank country director for Malaysia.
STOCK RECOMMENDATION :
BUY AIRAISA ABOVE 2.820 TARGET 2.860 2.920 SL 2.750
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