May 5, 2010

Ringgit ditutup rendah

KUALA LUMPUR 4 Mei - Ringgit berakhir lebih rendah berbanding dolar AS hari ini sejajar dengan trend menurun pada pasaran saham tempatan, kata peniaga.

Pada penutup 5 petang, mata wang tempatan itu didagangkan pada 3.2100/2150 berbanding 3.2085/2115 semalam.

Indeks Komposit Kuala Lumpur FTSE Bursa Malaysia ditutup empat mata lebih rendah pada 1,342.89 berikutan ketidaktentuan pada pasaran global.

Seorang peniaga berkata dolar AS lebih kukuh didorong angka pengilangan dan perbelanjaan persendirian AS yang kukuh.

Sementara itu, unit tempatan ditutup lebih tinggi berbanding lain-lain mata wang utama.

Ia lebih kukuh berbanding dolar Singapura pada 2.3339/3409 daripada 2.3352/3395 semalam dan meningkat berbanding yen pada 3.3911/3978 daripada 3.4126/4169.

Mata wang tempatan juga lebih tinggi berbanding euro pada 4.2154/2229 daripada 4.2455/2501 semalam dan lebih kukuh berbanding pound British pada 4.8753/8842 daripada 4.8891/8946 sebelum ini.

Pasaran global tidak menentu Bursa lemah

KUALA LUMPUR 4 Mei - Harga-harga saham di Bursa Malaysia ditutup rendah hari ini kerana para pelabur enggan melabur semula keuntungan mereka berikutan kebimbangan berhubung situasi tidak menentu dalam pasaran-pasaran global, kata para peniaga.

Pada penutup, Indeks Komposit FTSE Bursa Malaysia Kuala Lumpur (FBM KLCI) susut empat mata kepada 1,342.89 selepas dibuka 1.47 mata lebih tinggi pada 1,348.36 di sesi pagi.

Pasaran global terus berhadapan dengan kemudahruapan, diikuti dengan kebimbangan yang terus berlegar terhadap kesan kemungkinan krisis hutang negara Greece, kata salah seorang peniaga.Ini, telah menjejaskan sentimen pasaran meskipun berlakunya kerancakkan di Wall Street semalaman, tambah beliau.

Pada penutup, Indeks Kewangan turun 17.619 mata kepada 12,076.9 dan Indeks Perusahaan merosot 13.19 mata kepada 2,765.3 tetapi Indeks Perladangan menokok 4.11 mata kepada 6,461.59.Indeks FBM Emas lebih rendah 47.67 mata kepada 9,057.89, FBM70 berkurangan 82.971 mata kepada 8,913.89 dan Indeks FBM Ace pula 52.57 mata lebih rendah pada 4,106.22.

Saham-saham rugi mengatasi saham untung dengan 556 berbalas 175 sementara 285 kaunter tidak berubah, 354 tidak diniagakan dan 29 yang lain digantung.

Jumlah dagangan rendah sedikit kepada 767.454 juta saham bernilai RM1.069 bilion berbanding 771.119 juta saham bernilai RM1.031 bilion semalam.

Di kalangan saham aktif, Talam Corp merosot satu sen kepada 14 sen, Genting turun tiga sen kepada RM2.84, Green Packet berkurangan 2.5 sen kepada 96 sen dan Berjaya Corp susut 14 sen kepada RM1.55.

Jumlah dagangan di Pasaran Utama naik sedikit kepada 640.982 juta bernilai RM1.031 bilion berbanding 636.772 juta saham bernilai RM993.670 juta semalam.

Perolehan dagangan di pasaran ACE merosot kepada 64.941 juta saham bernilai RM12.384 juta daripada 81.241 juta saham bernilai RM17.441 juta.Waran pula menambah kepada 45.434 juta unit bernilai RM9.605 juta daripada 42.392 juta unit bernilai RM8.583 juta sebelumnya.

Produk pengguna menguasai 20.257 juta saham yang diniagakan di Pasaran Utama, produk perindustrian 113.849 juta, pembinaan 44.988 juta, urus niaga dan perkhidmatan 176.159 juta, teknologi 63.896 juta, infrastruktur 25.596 juta, kewangan 61.483 juta, perhotelan 9.271 juta, hartanah 118.275 juta, perladangan 5.324 juta, perlombongan 76,000, REIT 1.781 juta dan dana tertutup 26,500.

Regional markets in the red

KUALA LUMPUR: Key regional markets including Bursa Malaysia were in the red at the midday break on Wednesday, May 5, as investors took money off the table on fears of a worsening Greek debt crisis.

In China, its benchmark index skidded to a fresh seven-month low and Hong Kong shares slid to a nine-week low while at Bursa Malaysia, the market was broadly lower with losers hammering gainers nearly six to one.

At midday, the FBM KLCI fell 10.5 points or 0.79% to 1,332.29. Turnover 404.35 million shares valued at RM671 million. There were 93 losers, 566 gainers and 202 stocks unchanged.

Hong Kong's Hang Seng Index lost 2.11% to 20,324.73, Shanghai Composite Index 1.17% lower at 2,802.24 and Singapore's Straits Times Index ended the morning session down 1.47% at 2,858.44.

Maybank Investment Research said in its pre-market technical outlook that the FBM KLCI's resistance areas at 1,342 and 1,355 will cap market gains, whilst the weaker support areas for the FBM KLCI are located at 1,325 and 1,340.

"Due to the Dow's major overnight plunge of 225.06 points, we expect the FBM KLCI to fall initially to be followed by
some local bargain hunting later today. We believe that the FBM KLCI is supported by local funds and might be resilient amidst global adversity," it said.

Maybank Research said the bearish divergent signals suggest that the FBM KLCI may be stalling as it rises. Short-term trading or scalping the market would be the best market strategy.

"For now, we believe that the market could be very volatile and wild. Therefore, trade with a very short-term horizon. In the longer term, we believe that the FBM KLCI may be peaking and a downside possibility may emerge if local funds start selling as well," it said.

Among the index-linked stocks, Sime fell 21 sen to RM8.55 on concerns over cost overruns at the Bakun dam project, dragging the index down by 3.03 points.

BAT fell the most, down 48 sen to RM44, KL Kepong 32 sen to RM16.38, LPI 28 sen to RM15.46, Tanjong 16 sen to RM17.72.

Cepco lost 25 sen to RM2.05, Tan Chong 17 sen to RM4.23 while glove makers Latexx-WA shed 15 sen to RM3.10 and Hartalega 14 sen to RM7.63.

KNM was the most active with 20 million shares done, unchanged at 51.5 sen.

Yee Lee rose the most, up 10 sen to RM2.58, Century seven sen to RM1.67 and Proton four sen higher at RM4.84.

FBM KLCI stays in red at mid-morning

KUALA LUMPUR: The FBM KLCI recovered some lost ground at mid-morning Wednesday, May 5 after it tumbled more than 15 points when trading opened in the morning.

At 10am, the benchmark index was down 9.59 points to 1,333.30. Trading was thin with 186.88 million shares valued at RM243.13 million. Losers thumped gainers by 443 to 49, while 139 counters traded unchanged.

Asian markets also fell this morning after the overnight tumble on Wall Street, with Taiwan's TAIEX Index falling 2.66% to 7,719.73, the Shanghai Composite Index down 1.34% to 2,797.36, Australia's S&P/ASX 200 Index down 1.89% to 4,647.70 and the Singapore Straits Times Index down 1.16% to 2,867.60.

Investors dumped US stocks on Tuesday in Wall Street's worst session in three months on the fear that even with a bailout for Greece, Europe's debt crisis could spread to other weak euro zone countries, according to Reuters.

The sell-off echoed a wave of fear that gripped financial markets as investors fretted the crisis in Europe could derail the global economic recovery. A gauge of investor fear jumped more than 18%, it said.

The Dow Jones industrial average lost 225.06 points, or 2.02%, to 10,926.77. The Standard & Poor's 500 Index fell 28.66 points, or 2.38% to 1,173.60, and the Nasdaq Composite Index dropped 74.49 points, or 2.98% to 2,424.25.

Maybank Investment Bank Research said FBM KLCI's resistance areas at 1,342 and 1,355 would cap market gains, whilst the weaker support areas are located at 1,325 and 1,340.

"Due to the Dow's major overnight plunge of 225.06 points, we expect the FBM KLCI to plunge initially to be followed by some local bargain hunting later today," it said in a note this morning.

Among the major losers on Bursa Malaysia Securities this morning were LPI Capital that fell 50 sen to RM15.24, BAT down 46 sen to RM44.02, KLK and Tan Chong down 22 sen each to RM16.48 and RM4.18, and Nestle down 18 sen to RM35.02.

Meanwhile, Genting fell 17 sen to RM6.37 while Hartalega lost 16 sen to RM7.16.

Gainers this morning included DFZ Capital that added 19 sen to RM4.29, Century up 10 sen to RM1.70, Tradewinds up 8 sen to RM3.16, Vitrox up 5 sen to 83 sen while Atis, Prestar and Taliworks added 3 sen each to RM1.29, 53 sen and RM1.99.

Talam was the most actively traded counter with 10.81 million shares done. The counter fell half a sen to 13.5 sen. Other actives this morning included KNM, Encorp, Scomi and Berjaya Corp.

Tengku Ibrahim no longer PPB's rep

KUALA LUMPUR: In an announcement to Bursa Malaysia, PETRA PERDANA BHD [] (PPB) clarified that Tengku Datuk Ibrahim Petra has ceased to be a corporate representative of the company to attend general meetings in PETRA ENERGY BHD [] (PEB), an associate company of PPB.

PPB added that Tengku Ibrahim does not represent the company on the board of PEB.

The decision took effect from Feb 5, following the EGM that saw founder Tengku Ibrahim removed as the chairman and executive director of PPB. Tengku Ibrahim remains the chairman of PEB.

May 4, 2010

Market drifts in cautious trading

KUALA LUMPUR: Market sentiment on the first trading day of May was weak. Bellwether indices in key regional markets were in negative territory throughout the trading day. Interest was also lackluster with markets in Japan and China closed for holidays. Investor confidence was, no doubt, shaken by the recent slew of negative developments.

For starters, the Dow Jones Industrial Average ended last week down 1.7%, snapping its record of eight straight weekly gains. News of possible criminal fraud charges against Goldman Sachs for its mortgage trading operations, on top of the earlier civil suit filed by the US Securities and Exchange Commission, gave investors another excuse to take some money off the table. There are fears that the charges will spur more stringent financial reforms, currently under debate by lawmakers.

Elsewhere, investors remain skeptical of a resolution to Europe's sovereign debt crisis in the near term. Greece won an expanded aid package from the European Union and the International Monetary Fund over the weekend, now totaling €110 billion (RM466.81 billion) over a three-year period. However, it remains to be seen if the country can sustain the painful austerity conditions attached to the bailout and if it can successfully pare borrowings under a negative gross domestic product growth outlook.

Last but not least, sentiment was further hurt after the People's Bank of China raised the reserve requirement ratio for banks by 50 basis points, for the third time this year. Recent measures by the Chinese government to mop up excess liquidity in the system and tamp runaway property prices are a harbinger of tighter monetary policy to come, including interest rate hikes.

Trading activities on the Bursa Malaysia was primarily focused on lower liner stocks while interest in blue chips was lackluster. The FBM KLCI closed marginally higher at 1,346.9 points, but market breadth was in the red throughout the trading day. Losing stocks outnumbered gaining ones by roughly nine to five at the close. Some 771 million shares changed hands.

Note: This report is brought to you by Asia Analytica Sdn Bhd, a licensed investment adviser. Please exercise your own judgment or seek professional advice for your specific investment needs. We are not responsible for your investment decisions. Our shareholders, directors and employees may have positions in any of the stocks mentioned.

Asian markets down at midday

KUALA LUMPUR: Asian markets, including the FBM KLCI fell in morning trade on Monday, May 3 following China's order to its banks to raise their reserves as part of the country's plans to stem inflation and skyrocketing property prices.

The People's Bank of China said that the deposit reserve requirement ratio for most banks will be raised half a percentage point, starting May 10.

This is the third time this year that the central bank has raised the deposit reserve minimum.

The impact of the China's decision somewhat eclipsed the announcement by European governments and the International Monetary Fund on Sunday that they agreed on €110 billion (US$145 billion) in emergency loans for debt-ridden Greece on the condition Athens make painful budget cuts and tax increases.

At noon, Hong Kong's Hang Seng Index fell 1.38% to 20,817.16, South Korea's Kospi lost 1.23% to 1,720.15, Taiwan's TAIEX Index fell 1.07% to 7,918.32 while Singapore's Straits Times Index shed 1.04% to 2,943.67.

The stock exchanges in Japan and China were closed for holidays, as were the markets in Thailand and the Philippines.

The FBM KLCI remained relatively resilient at midday, having declined only 0.26 of a point to 1,346.12. Trading was thin with 367.12 million shares valued at RM395.25 million. Losers led gainers by 377 to 180, while 236 counters traded unchanged.

Among the major losers at noon were Top Glove Corp and Lafarge Malayan Cement that fell 16 sen each to RM12.52 and RM6.59, respectively. Parkson lost 12 sen to RM5.68, while NV Multi, AFG and Perduren fell 8 sen each to 68 sen, RM3.05 and RM1.41, respectively.

LPI Capital was the top gainer, adding 46 sen to RM15.50 after Kenanga Research initiated coverage on the stock with a buy recommendation at RM15.04 and target price RM16.80.

The research house said it favoured LPI the most among general insurers in Malaysia due to its well-diversified business portfolio enabling the company to minimise its operating risks and generates the highest return on equity (RoE) to reward shareholders.

Kuala Lumpur Kepong added 30 sen to RM16.80, BAT up 28 sen to RM44.26, Tanjong up 26 sen to RM18.14, P&O gained 21 sen to RM1.47 while Proton added 18 sen to RM4.98.

Talam was the most actively traded counter with 44 million shares done. The stock gained half a sen to 14.5 sen. Other active counters this morning included Tejari, Damasara Realty Bhd, KNM and Olympia.

Fund Price

About Me

My photo
Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;

music


MusicPlaylistRingtones
Create a playlist at MixPod.com

Followers