KLSE Stock Recommendations

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

Slumping oil drags U.S. stocks lower ahead of earnings

U.S. stocks ended Monday’s session with losses for the second straight trading session, as a renewed assault on oil prices eroded investor confidence ahead of the start of fourth-quarter earnings season.

The S&P 500 SPX, -0.81%  fell 16.55 points, or 0.8%, to 2,028.26, as nine of 10 main sectors finished lower. Energy sector lost 2.8%, while the technology sector was down 1.3%. Telecoms were the only bright spot, ending 0.6% higher.

Asian Market Update

Asian stocks were mostly firmer after benign Chinese economic data helped offset risk aversion generated by a continuing slide in crude oil prices, while the dollar fell to a one-month low against the safe-haven yen.

MSCI's broadest index of Asia-Pacific shares outside Japan pared earlier losses to rise 0.3 per cent after Chinese trade data proved better than expected.

The indicators provided relief as recent signs of weakness in the world's second largest economy has been central in worries over global growth.

Hong Kong's Hang Seng gained 0.7 per cent and the Shanghai Composite Index rose 0.8 per cent.

KLSE Malaysia Opening Market Update

MALAYSIA share prices opened lower on Tuesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 8.26 points to 1,726.82.

Volume was 26.29 million lots worth RM15.51 million.

Losers outnumbered gainers 118 to 54.

Market Closing Update

MALAYSIAN shares ended higher on Monday with the Kuala Lumpur Composite Index adding 2.64 points to close at 1,735.08.

Some 1.36 billion lots, valued at RM1.46 billion were traded. Gainers numbered 394 while losers numbered 317.