Archive for October, 2012

Key index gains 9 points

Wednesday, October 31st, 2012

SOUTHEAST Asian stock markets closed generally higher yesterday with Indonesia and Malaysia ending at record highs. Singapore stocks rose, with the benchmark Straits Times Index gaining 0.30 per cent, or 9.12 points, to 3,038.73 at the close. Among the active stocks, Singapore Telecom gained 1.25 per cent to S$ 3.23 and Fraser and Neave added […]

FBM KLCI Daily Chart Analysis

Wednesday, October 31st, 2012

TECHNICAL INDICATIONS Support : 1523,1509     Resistance : 1563  Bias : Upside There appears to be more upside bias as it core indicators continue to strengthen, while the MACD is about to cross the trigger line on the upside. The strengthening indicators are also providing the fuel for the 1555 level to be penetrated and if […]

Scomi – Indication of “accumulation activity” by buyer(CIMB)

Wednesday, October 31st, 2012

In the ongoing tussle over Scomi Group, a question that many industry observers are asking is whether businessman Tan Sri Abu Sahid and/or parties aligned to him have secured control over Scomi. Dealers said it was also possible for other fractions could be seeking to strengthen their position in Scomi. They pointed to recent active […]

FBM KLCI at new high, thanks to banks

Wednesday, October 31st, 2012

It had opened 1.74 points lower at 1,670.82. Monday’s closing at 1,672.56 was also a record. Finance blue chips were a major influence in keeping the key index up with gains seen in Public Bank which was up 14 sen to RM15.88, while Hong Leong Bank added 16 sen to RM14.88 and CIMB earned two […]

Perdana – ‘Overweight’ call on Perdana Petroleum (BT)

Wednesday, October 31st, 2012

Hong Leong Investment Bank has initiated coverage of Perdana Petroleum starting the offshore marine services firm with an “overweight” call. The bank said the firm will benefit from a pick-up in the global and domestic off-shore oil and gas sector. “We are projecting a drastic swing from a core earnings loss of RM28 million (in […]

Ringgit stages rebound

Wednesday, October 31st, 2012

RINGGIT KUALA LUMPUR: The ringgit rebounded against the US dollar at close yesterday on renewed interest in riskier assets, dealers said. At 5 pm, the ringgit was quoted at 3.0515/0535 against 3.0580/0610 on Monday. A dealer said the emerging currencies, including ringgit, seemed to benefit from the fall in the oil price in the US […]

how to trade warrant, how to trade warrant

Wednesday, October 31st, 2012

i wonder how to trade warrant. any sifu here? is it same as trading shares? Lowyat.NET: Latest topics in Stock Exchange

CPO futures lower on bearish sentiment

Wednesday, October 31st, 2012

CPO FUTURES KUALA LUMPUR: Crude palm oil futures closed lower yesterday on concerns of the global economy following Hurricane Sandy which caused havoc to major cities in the US, dealers said. Dealers said prices were also lower on Indonesia’s decision to cut its export tax for CPO from 13.5 per cent to nine per cent. […]

Plunge Protection Team – Urban Legend?

Wednesday, October 31st, 2012

Some may be wondering if they even exist. Well, they do. The Plunge Protection Team is officially known as the President’s Working Group on Financial Markets – was created after the 1987 crash. It appears to have powers to support the markets in a crisis with a host of instruments, mostly through buying futures contracts […]

Technical Analysis Oct 2012: MYEG (0138)

Wednesday, October 31st, 2012

MY E.G. SERVICES BERHAD Observation from Chart:- MYEG succeed break through descending triangle resistance level. How high will it go? Other indicator:- MACD trade at negative region, downtrend sign. Stochastic %K on BUY call itinerary. Immediate resistance would be RM0.79 level.If able break through RM0.79, higher high been confirm, probably it may retest RM0.86 level.However, if retrace down, MA20 […]