Current Market Update

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

Tokyo (Nikkei Average NIK, +0.94% ) up 1% 

 Hong Kong (Hang Seng Index HSI, +0.19% ) up 0.2% (closed) 

 Shanghai (Shanghai Composite Index SHCOMP, +0.76% ) closed for holiday 

 Sydney (S&P/ASX 200 XJO, +0.86% ) up 0.9% 

 Seoul (Kospi SEU, +0.16% ) closed for holiday 

 Mumbai (Sensex 1, +0.35% ) up 0.3% 

 Taipei (Taiex Y9999, +0.35% ) closed for holiday

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KLSE Malaysia Opening Market Update : Epic Research Malaysia

MALAYSIA share prices opened lower on Wednesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 3.53 points to 1806.54.

Volume was 18.9 million lots worth RM7 million.

Gainers outnumbered losers 66 to 57.

Market Closing Update

MALAYSIA share prices closed higher on Tuesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 1.2 points to 1,810.09.

Volume was 1.67 billion lots worth RM1.49 billion.

Losers outnumbered gainers 381 to 349.

KLSE Comex Recommendations

INTERNATIONAL COMMODITY NEWS :

 Crude oil prices eassed Tuesday in Asia ahead of U.S. supply data later in the week and as investors eyed talks between Greece and euro zone finance ministers that broke down overnight when Athens rejected a proposal to request a six-month extension of its international bailout as “unacceptable”.The unexpectedly rapid collapse raised doubts about Greece’s future in the single currency area after a new leftist-led government vowed to scrap the 240 billion euro bailout, reverse austerity policies and end cooperation with EU/IMF inspectors. Greece’s current €240 billion bailout is due to expire on February 28 and the new Greek government does not want it extended, fuelling fears over a conflict with its creditors which could trigger the country’s exit from the euro zone. Greece’s Finance Minister Yiannis Viviparous said Monday that he was ready to sign a document drafted by the European Commission, which outlined a deal between Greece and its partners However, Varoufakis said, Eurogroup President Jeroen Dijsselbloem presented him with another document, which referred to past policies and was vague in key issues such as “flexibility”, which he could not accept.



TRADING STRATEGY :
BUY GOLD ABOVE 1231 TARGET 1236 1242 SL 1225
SELL GOLD BELOW 1223 TARGET 1218 1212 SL 1229

KLSE Stock Recommendations

MARKET UPDATES :

The FBM KLCI index gained 7.94 points or 0.44% on Monday. The Finance Index increased 0.46% to 15996.17 points, the Properties Index up 0.13% to 1313.87 points and the Plantation Index rose 0.25% to 8185.34 points. The market traded within a range of 9.47 points between an intra-day high of 1809.71 and a low of 1800.24 during the session.

STOCK RECOMMENDATION :

BUY FELDA GLOBAL AT CMP 2.900 TARGET 2.940 3.000 SL 2.850