The FBM KLCI is expected to trade range bound today


Title : 10 Golden Rules Of Investing In Stock Market

Please signup with your email, below.

We respect your email privacy

Subscriber Counter
KUALA LUMPUR: The FBM KLCI is relied upon to exchange extend bound today, with exchanging movement kept between the 1,762 and 1,788 levels. 
Oil costs recuperated on Friday from a portion of the earlier day’s lofty slide after financial specialist disillusionment that OPEC controls did not go sufficiently far, while Wall Street stocks squeezed out a seventh straight day of increases, as indicated by Reuters. 
U.S. security yields remained unfaltering and gold saw enormous picks up as a hazard off assumption and worries about political vulnerability grabbed hold, with spot gold ascending to its most astounding since May 1, it said. 
The Dow Jones Industrial Average fell 2.67 focuses, or 0.01 percent, to end the week at 21,080.28, the S&P 500 increased 0.75 point, or 0.03 percent, to 2,415.82 and the Nasdaq Composite included 4.94 focuses, or 0.08 percent, to 6,210.19, said Reuters. 
AllianceDBS Research in its night release last Friday said that hosed by the powerless very close in the previous day, the FBM KLCI had on May 26 exchanged lower to 1,769.47 as market members played on the offering side, in expectation of a lower showcase. 
It said without more grounded purchasing interest, the benchmark list was in the red all through the greater part of the exchanging sessions, before settling off the day’s low at 1,772.30 (down 1.66 focuses or 0.09%) in front of end of the week. 
“In the more extensive market, washouts dwarfed gainers with 770 stocks finishing lower and 208 stocks completing higher. That gave a market broadness of 0.27, demonstrating the bears were in charge,” it said. 
AllianceDBS Research said the market made a lower low on May 26 with market members seen all the more ready to play an offering diversion. 
“Rather than sitting staring them in the face throughout the end of the week, many evidently had exchanged some portion of their stock positions trying to diminish hazard presentation because of a paranoid fear of outside negative market advancement. 
“A preparatory examination on how the market had held itself in the course of recent days recommended an on-going fight between the bulls and holds on for market exchanging movement limited between the 1,762 and 1,788 levels,” it said. 
The examination house said a fall beneath 1,762 would put weight available to test the consequent support at 1,748. 

Be that as it may, it said a transcend 1,788 could send the market to 1,800. 

It said taking after the down close on May 26, there ought to be additionally offering endeavor once more. 

“The examination of general market activity on May 26 uncovered that purchasing force was weaker than offering weight. 

“All things considered, the FBM KLCI would likely exchange underneath the 1,772.30 level on May 29,” said AllianceDBS Research. 
In view of corporate declarations and news stream last Friday, stocks in concentrate today may include: China Automobiles Parts Holdings Ltd, Hibiscus Petroleum Bhd, Mah Sing Group Bhd, Icon Offshore Bhd, Serba Dinamik Holdings Bhd, KPJ Healthcare Bhd, RCE Capital Bhd, Econpile Holdings Bhd, Boustead Heavy Industries Corporation Bhd, Titijaya Land Bhd, Tropicana Corp Bhd, Pestech International Bhd, Mitrajaya Holdings Bhd, MCT Bhd, Kenanga Investment Bank Bhd and PIE Industrial Bhd.
For more details traders could visit here: 

Stock Recommendations For Long Term, Daily Stock Picks, Best Daily Stock Picks, Bursa Malaysia Stock Market, Stocks Picks

Powered by WPeMatico

Comments are closed.