MALAYSIA share prices opened higher on Wednesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 2.72 points to 1823.97.
Volume was 153.67 million lots worth RM224.54 million.
Gainers outnumbered losers 119 to 97.
KLSE Malaysia Opening Market Update
Wednesday, 4 March 2015
MALAYSIA share prices opened higher on Wednesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 2.72 points to 1823.97.
Volume was 153.67 million lots worth RM224.54 million.
Gainers outnumbered losers 119 to 97.
Market Closing Update
Tuesday, 3 March 2015
Some 2.83 billion lots, valued at RM2.35 billion were traded. Gainers numbered 420 while losers numbered 461.
KLSE Stock Recommendations
MARKET UPDATES :
The FBM KLCI index lost 4.08 points or 0.22% on Monday. The Finance Index increased 0.26% to 16030.02 points, the Properties Index dropped 0.42% to 1333.08 points and the Plantation Index down 0.59% to 7962.62 points. The market traded within a range of 12.98 points between an intra-day high of 1825.33 and a low of 1812.35 during the session.
STOCK RECOMMENDATION :
BUY DATASONIC AT 1.155 – 1.150 TARGET 1.200 1.260 SL 1.100
The FBM KLCI index lost 4.08 points or 0.22% on Monday. The Finance Index increased 0.26% to 16030.02 points, the Properties Index dropped 0.42% to 1333.08 points and the Plantation Index down 0.59% to 7962.62 points. The market traded within a range of 12.98 points between an intra-day high of 1825.33 and a low of 1812.35 during the session.
STOCK RECOMMENDATION :
BUY DATASONIC AT 1.155 – 1.150 TARGET 1.200 1.260 SL 1.100
KLSE Comex Recommendations
INTERNATIONAL COMMODITY NEWS :
Gold prices held steady to lower in early Asia on Tuesday as investors eyed easy monetary policy in China and continued import restriction in India On the Comex division of the New York Mercantile Exchange, gold futures for April delivery fell 0.02% to $1,206.40 a troy ounce. Overnight, gold prices slipped on Monday afternoon, after reaching a two-week high, amid conflicting reports about demand from the world’s two largest purchasers of the precious metal. Gold initially rose in morning trading following the release of a spate of economic data in China. For the month of February, the HSBC China Manufacturing PMI rose to 50.7 — up a point from 49.7 in January. China also cut its benchmark interest rate for the second time in less than four months, as a number of economists expect more easing measures to follow throughout the remainder of the year.
TRADING STRATEGY :
BUY GOLD ABOVE 1212 TARGET 1217 1223 SL 1206
SELL GOLD BELOW 1203 TARGET 1197 1191 SL 1209
Gold prices held steady to lower in early Asia on Tuesday as investors eyed easy monetary policy in China and continued import restriction in India On the Comex division of the New York Mercantile Exchange, gold futures for April delivery fell 0.02% to $1,206.40 a troy ounce. Overnight, gold prices slipped on Monday afternoon, after reaching a two-week high, amid conflicting reports about demand from the world’s two largest purchasers of the precious metal. Gold initially rose in morning trading following the release of a spate of economic data in China. For the month of February, the HSBC China Manufacturing PMI rose to 50.7 — up a point from 49.7 in January. China also cut its benchmark interest rate for the second time in less than four months, as a number of economists expect more easing measures to follow throughout the remainder of the year.
TRADING STRATEGY :
BUY GOLD ABOVE 1212 TARGET 1217 1223 SL 1206
SELL GOLD BELOW 1203 TARGET 1197 1191 SL 1209
Forex Market Update
The dollar shrugged off a slate of weak economic data Monday to trade higher against the euro, yen and pound, benefiting from a surprise rate cut from the People’s Bank of China.
The euro EURUSD, +0.12% fell to $1.1182, flat compared with its Friday-afternoon value of $1.1198. The buck USDJPY, -0.34% traded at 120.18 yen, its highest level in nearly three weeks. It traded at ¥119.63 Friday.
The pound GBPUSD, +0.11% traded at $1.5366, compared with $1.5440 Friday.
The ICE U.S. Dollar Index, a measure of the greenback’s strength against a trade-weighted basket of six rival currencies, DXY, -0.17% rose 0.2% to 95.47.
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