M+ Morning Market Buzz - 31Jan25
Dow Jones: 44,882.13 pts (+168.61pts, +0.38%)
⬆️ Resistance: 46000
⬇️ Support: 43200
FBM KLCI: 1,552.69 pts (-6.28pts, -0.40%)
⬆️ Resistance: 1610
⬇️ Support: 1520
HSI Index: 20,225.11 pts (+27.34pts, +0.14%)
⬆️ Resistance: 20800
⬇️ Support: 19400
Crude Palm Oil: RM4,279 (+RM61, +1.45%)
⬆️ Resistance: 4380
⬇️ Support: 4070
Brent Oil: $76.58 (+$0.49, +0.64%)
⬆️ Resistance: 80.60
⬇️ Support: 74.50
Gold: $2,759.36 (+$33.70, +1.22%)
⬆️ Resistance: 2860
⬇️ Support: 2680
Source: Bloomberg, M+
Dow Jones: 44,882.13 pts (+168.61pts, +0.38%)
⬆️ Resistance: 46000
⬇️ Support: 43200
FBM KLCI: 1,552.69 pts (-6.28pts, -0.40%)
⬆️ Resistance: 1610
⬇️ Support: 1520
HSI Index: 20,225.11 pts (+27.34pts, +0.14%)
⬆️ Resistance: 20800
⬇️ Support: 19400
Crude Palm Oil: RM4,279 (+RM61, +1.45%)
⬆️ Resistance: 4380
⬇️ Support: 4070
Brent Oil: $76.58 (+$0.49, +0.64%)
⬆️ Resistance: 80.60
⬇️ Support: 74.50
Gold: $2,759.36 (+$33.70, +1.22%)
⬆️ Resistance: 2860
⬇️ Support: 2680
Source: Bloomberg, M+
👍5😁1
M+ Market Update – 31Jan25
Bargain Hunting To Emerge
The FBMKLCI extended its losses as global sentiment weakened amid concerns over the rise of a low-cost AI model from the Chinese startup DeepSeek. Meanwhile, Wall Street closed higher following quarterly results from Tesla and Meta, despite the Fed indicated of a slower easing interest rate environment ahead. Traders will closely watch upcoming data, including (i) the core PCE index and (ii) the employment cost index later today. In the commodities market, Brent Crude rebounded above USD76 per barrel mark, while gold prices charged towards all-time-high above USD2,790 and CPO prices stablised above RM4,270.
Sector Focus: After the sell-offs in the past few trading sessions, we believe the FBMKLCI is set to open higher, as bargain-hunting could emerge within the Technology sector, taking cue from Wall Street. Also, we opine that trading interest will pick up in gold-related counters as gold hit all-time-high, despite the hawkish stance from the Fed. Besides, we believe domestic-themed play may take the lead driven by (i) ongoing Penang LRT project RM9bn tenders, (ii) JSSEZ initiatives, and (iii) the potential emergence of Sarawak as an energy hub. Lastly, we see trading opportunity on DSONIC, after securing contract extension of passport chips to Malaysia immigration department.
Stocks to watch:
Technology: *ADB*, KGB, *RAMSSOL*
Utility: *PEKAT*, YTLPOWR
Gold: *AUMAS*
Furniture: *SSF*
Source: M+
Bargain Hunting To Emerge
The FBMKLCI extended its losses as global sentiment weakened amid concerns over the rise of a low-cost AI model from the Chinese startup DeepSeek. Meanwhile, Wall Street closed higher following quarterly results from Tesla and Meta, despite the Fed indicated of a slower easing interest rate environment ahead. Traders will closely watch upcoming data, including (i) the core PCE index and (ii) the employment cost index later today. In the commodities market, Brent Crude rebounded above USD76 per barrel mark, while gold prices charged towards all-time-high above USD2,790 and CPO prices stablised above RM4,270.
Sector Focus: After the sell-offs in the past few trading sessions, we believe the FBMKLCI is set to open higher, as bargain-hunting could emerge within the Technology sector, taking cue from Wall Street. Also, we opine that trading interest will pick up in gold-related counters as gold hit all-time-high, despite the hawkish stance from the Fed. Besides, we believe domestic-themed play may take the lead driven by (i) ongoing Penang LRT project RM9bn tenders, (ii) JSSEZ initiatives, and (iii) the potential emergence of Sarawak as an energy hub. Lastly, we see trading opportunity on DSONIC, after securing contract extension of passport chips to Malaysia immigration department.
Stocks to watch:
Technology: *ADB*, KGB, *RAMSSOL*
Utility: *PEKAT*, YTLPOWR
Gold: *AUMAS*
Furniture: *SSF*
Source: M+
👍6
M+ Market Wrap - 31Jan25
FBM KLCI: 1,556.92 pts (+4.23pts, +0.27%)
The FBMKLCI (+0.27%) rebounded, tracking the overnight positive performance on Wall Street; buying pressure was seen among banking heavyweights, namely MAYBANK (+10.0 sen) and CIMB (+8.0 sen). Meanwhile, market breadth was positive, with 508 gainers against 319 losers. On the broader market, Utilities (+1.29%) outperformed as bargain hunting emerged within YTL-related counters, while Plantation (-0.66%) declined the most.
Top 3 Active stocks:
YTL (4677): RM1.910 (+1.0 sen)
YTLPOWR (6742): RM3.130 (+2.0 sen)
GAMUDA (5398): RM4.040 (+1.0 sen)
Volume: 1.47 bn (100-bar avg vol: 2.96 bn)
Value: RM1.92 bn (100-bar avg val: RM2.72 bn)
Market Breadth: ⬆️508 ⬇️319
Crude palm oil: RM4,304 (+RM25)
Dow Futures: 45,166 pts (+111 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,556.92 pts (+4.23pts, +0.27%)
The FBMKLCI (+0.27%) rebounded, tracking the overnight positive performance on Wall Street; buying pressure was seen among banking heavyweights, namely MAYBANK (+10.0 sen) and CIMB (+8.0 sen). Meanwhile, market breadth was positive, with 508 gainers against 319 losers. On the broader market, Utilities (+1.29%) outperformed as bargain hunting emerged within YTL-related counters, while Plantation (-0.66%) declined the most.
Top 3 Active stocks:
YTL (4677): RM1.910 (+1.0 sen)
YTLPOWR (6742): RM3.130 (+2.0 sen)
GAMUDA (5398): RM4.040 (+1.0 sen)
Volume: 1.47 bn (100-bar avg vol: 2.96 bn)
Value: RM1.92 bn (100-bar avg val: RM2.72 bn)
Market Breadth: ⬆️508 ⬇️319
Crude palm oil: RM4,304 (+RM25)
Dow Futures: 45,166 pts (+111 pts)
**Source: Bloomberg, M+**
M+ Morning Market Buzz - 3Feb25
Dow Jones: 44,544.66 pts (-337.47pts, -0.75%)
⬆️ Resistance: 46000
⬇️ Support: 43200
FBM KLCI: 1,556.92 pts (+4.23pts, +0.27%)
⬆️ Resistance: 1610
⬇️ Support: 1520
HSI Index: 20,225.11 pts (+27.34pts, +0.14%)
⬆️ Resistance: 20800
⬇️ Support: 19800
Crude Palm Oil: RM4,289 (+RM10, +0.23%)
⬆️ Resistance: 4410
⬇️ Support: 4110
Brent Oil: $75.67 (-$0.22, -0.29%)
⬆️ Resistance: 80.60
⬇️ Support: 74.50
Gold: $2,798.41 (+$3.82, +0.14%)
⬆️ Resistance: 2880
⬇️ Support: 2680
Source: Bloomberg, M+
Dow Jones: 44,544.66 pts (-337.47pts, -0.75%)
⬆️ Resistance: 46000
⬇️ Support: 43200
FBM KLCI: 1,556.92 pts (+4.23pts, +0.27%)
⬆️ Resistance: 1610
⬇️ Support: 1520
HSI Index: 20,225.11 pts (+27.34pts, +0.14%)
⬆️ Resistance: 20800
⬇️ Support: 19800
Crude Palm Oil: RM4,289 (+RM10, +0.23%)
⬆️ Resistance: 4410
⬇️ Support: 4110
Brent Oil: $75.67 (-$0.22, -0.29%)
⬆️ Resistance: 80.60
⬇️ Support: 74.50
Gold: $2,798.41 (+$3.82, +0.14%)
⬆️ Resistance: 2880
⬇️ Support: 2680
Source: Bloomberg, M+
👍1
M+ Market Update – 03Feb25
Volatility To Rise After Trump’s Tariffs
The FBMKLCI recovered slightly from its downward pressure as bargain hunting activities were seen in banking and utility heavyweights. Meanwhile, Wall Street closed lower following President Trump’s tariffs implementation on Canada, Mexico, and China, which took effect on Saturday. Technology sector remained a key focus driven by the rise of China’s AI startup, DeepSeek. This week, traders will closely monitor the (i) ISM Manufacturing and Non-Manufacturing PMIs, (ii) initial jobless claims, and (iii) US unemployment rate. In the commodities market, Brent Crude is trading close to USD76 per barrel, while gold prices charged toward an all-time high of USD2,817 before closing slightly below the USD2,800 mark. Meanwhile, CPO prices broke above their short term RM4,278 resistance level.
Sector Focus: Given last Friday’s sell-offs in Wall Street and the ongoing negative sentiment in Wall Street futures following President Trump’s tariff remarks, we expect the local bourse to mirror the US performance. Investors are likely to shift toward defensive sector like REIT in view of their defensive characteristic and strong quarterly performances due to higher net property income. Meanwhile, we believe renewable energy will remain on traders’ radar, driven by various government initiatives, including NETR and LSS and CGPP.
Stocks to watch:
Utility: MNHLDG, *SCGBHD*
Technology: *RAMSSOL*
Gold: *AUMAS*
Construction: BNASTRA
Consumer: *GCB*
Building Material: *UNIQUE*
Source: M+
Volatility To Rise After Trump’s Tariffs
The FBMKLCI recovered slightly from its downward pressure as bargain hunting activities were seen in banking and utility heavyweights. Meanwhile, Wall Street closed lower following President Trump’s tariffs implementation on Canada, Mexico, and China, which took effect on Saturday. Technology sector remained a key focus driven by the rise of China’s AI startup, DeepSeek. This week, traders will closely monitor the (i) ISM Manufacturing and Non-Manufacturing PMIs, (ii) initial jobless claims, and (iii) US unemployment rate. In the commodities market, Brent Crude is trading close to USD76 per barrel, while gold prices charged toward an all-time high of USD2,817 before closing slightly below the USD2,800 mark. Meanwhile, CPO prices broke above their short term RM4,278 resistance level.
Sector Focus: Given last Friday’s sell-offs in Wall Street and the ongoing negative sentiment in Wall Street futures following President Trump’s tariff remarks, we expect the local bourse to mirror the US performance. Investors are likely to shift toward defensive sector like REIT in view of their defensive characteristic and strong quarterly performances due to higher net property income. Meanwhile, we believe renewable energy will remain on traders’ radar, driven by various government initiatives, including NETR and LSS and CGPP.
Stocks to watch:
Utility: MNHLDG, *SCGBHD*
Technology: *RAMSSOL*
Gold: *AUMAS*
Construction: BNASTRA
Consumer: *GCB*
Building Material: *UNIQUE*
Source: M+
👍7
M+ Market Wrap - 3Feb25
FBM KLCI: 1,553.63 pts (-3.29pts, -0.21%)
The FBMKLCI (-0.21%) mirrored the sluggish overnight performance in the US and closed lower at 1,553.63 pts, with heavyweights like PCHEM (-24.0 sen) and YTLPOWR (-8.0 sen) dragging the key index. The market breadth was also negative, with 589 losers against 382 winners. In the broader market, the Healthcare (+2.49%) sector gained the most, as President Trump’s tariffs on China boosted sentiment for local glove counters. Meanwhile, the Industrial Products & Services (-0.99%) sector declined the most.
Top 3 Active stocks:
COMPUGT (5037): RM0.015 (+0.5 sen)
SUPERMX (7106): RM1.220 (+15.0 sen)
KAB (0193): RM0.325 (-0.5 sen)
Volume: 2.08 bn (100-bar avg vol: 2.96 bn)
Value: RM1.75 bn (100-bar avg val: RM2.71 bn)
Market Breadth: ⬆️382 ⬇️589
Crude palm oil: RM4,391 (+RM102)
Dow Futures: 44,182 pts (-516 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,553.63 pts (-3.29pts, -0.21%)
The FBMKLCI (-0.21%) mirrored the sluggish overnight performance in the US and closed lower at 1,553.63 pts, with heavyweights like PCHEM (-24.0 sen) and YTLPOWR (-8.0 sen) dragging the key index. The market breadth was also negative, with 589 losers against 382 winners. In the broader market, the Healthcare (+2.49%) sector gained the most, as President Trump’s tariffs on China boosted sentiment for local glove counters. Meanwhile, the Industrial Products & Services (-0.99%) sector declined the most.
Top 3 Active stocks:
COMPUGT (5037): RM0.015 (+0.5 sen)
SUPERMX (7106): RM1.220 (+15.0 sen)
KAB (0193): RM0.325 (-0.5 sen)
Volume: 2.08 bn (100-bar avg vol: 2.96 bn)
Value: RM1.75 bn (100-bar avg val: RM2.71 bn)
Market Breadth: ⬆️382 ⬇️589
Crude palm oil: RM4,391 (+RM102)
Dow Futures: 44,182 pts (-516 pts)
**Source: Bloomberg, M+**
👍3😁1
M+ Morning Market Buzz - 4Feb25
Dow Jones: 44,421.91 pts (-122.75pts, -0.28%)
⬆️ Resistance: 46000
⬇️ Support: 43100
FBM KLCI: 1,553.63 pts (-3.29pts, -0.21%)
⬆️ Resistance: 1600
⬇️ Support: 1520
HSI Index: 20,217.26 pts (-7.85pts, -0.04%)
⬆️ Resistance: 20800
⬇️ Support: 19400
Crude Palm Oil: RM4,367 (+RM2, +0.05%)
⬆️ Resistance: 4510
⬇️ Support: 4110
Brent Oil: $75.96 (+$0.29, +0.38%)
⬆️ Resistance: 79.80
⬇️ Support: 73.60
Gold: $2,815.21 (-$1.13, -0.04%)
⬆️ Resistance: 2890
⬇️ Support: 2690
Source: Bloomberg, M+
Dow Jones: 44,421.91 pts (-122.75pts, -0.28%)
⬆️ Resistance: 46000
⬇️ Support: 43100
FBM KLCI: 1,553.63 pts (-3.29pts, -0.21%)
⬆️ Resistance: 1600
⬇️ Support: 1520
HSI Index: 20,217.26 pts (-7.85pts, -0.04%)
⬆️ Resistance: 20800
⬇️ Support: 19400
Crude Palm Oil: RM4,367 (+RM2, +0.05%)
⬆️ Resistance: 4510
⬇️ Support: 4110
Brent Oil: $75.96 (+$0.29, +0.38%)
⬆️ Resistance: 79.80
⬇️ Support: 73.60
Gold: $2,815.21 (-$1.13, -0.04%)
⬆️ Resistance: 2890
⬇️ Support: 2690
Source: Bloomberg, M+
👍3
M+ Market Update – 04Feb25
Slight Relief After Trump Pausing Tariffs
The FBMKLCI edged lower as heavyweights like PCHEM and YTLPOWR dragged the key index amid renewed selling pressure. In the US, while all three indices showed narrowed losses following President Trump’s statement on pausing the tariffs on Mexico and Canada, the key index still ended the day in the red. Meanwhile, the US ISM Manufacturing PMI came in better-than-expected, and traders continue to monitor the (i) ISM Non-Manufacturing PMI, (ii) initial jobless claims, and (iii) China’s Caixin services PMI this week. In the commodities market, Brent Crude is still trading around USD76 per barrel, while gold prices remain elevated near its all-time high of USD2,817 level. CPO prices experienced a breakout above the RM4,300 mark.
Sector Focus: With President Trump imposing an additional 10% tariffs (on top of the 50% currently imposed) on China’s rubber medical and surgical glove exports into the US, we believe it should bode well for sentiment on local glove counters. Meanwhile, given the recent pullback in the construction sector, we believe the significant discount in share prices might present bargain hunting opportunities for the construction counters, supported by JSSEZ initiatives and the ongoing data centre developments in the country.
Stocks to watch:
Utility: GASMSIA, *KJTS*, *PEKAT*
Healthcare: KOSSAN, *SUPERMX*
Consumer: *FOCUSP*, GCB
Gold: AUMAS
Plantation: *JTIASA*
Source: M+
Slight Relief After Trump Pausing Tariffs
The FBMKLCI edged lower as heavyweights like PCHEM and YTLPOWR dragged the key index amid renewed selling pressure. In the US, while all three indices showed narrowed losses following President Trump’s statement on pausing the tariffs on Mexico and Canada, the key index still ended the day in the red. Meanwhile, the US ISM Manufacturing PMI came in better-than-expected, and traders continue to monitor the (i) ISM Non-Manufacturing PMI, (ii) initial jobless claims, and (iii) China’s Caixin services PMI this week. In the commodities market, Brent Crude is still trading around USD76 per barrel, while gold prices remain elevated near its all-time high of USD2,817 level. CPO prices experienced a breakout above the RM4,300 mark.
Sector Focus: With President Trump imposing an additional 10% tariffs (on top of the 50% currently imposed) on China’s rubber medical and surgical glove exports into the US, we believe it should bode well for sentiment on local glove counters. Meanwhile, given the recent pullback in the construction sector, we believe the significant discount in share prices might present bargain hunting opportunities for the construction counters, supported by JSSEZ initiatives and the ongoing data centre developments in the country.
Stocks to watch:
Utility: GASMSIA, *KJTS*, *PEKAT*
Healthcare: KOSSAN, *SUPERMX*
Consumer: *FOCUSP*, GCB
Gold: AUMAS
Plantation: *JTIASA*
Source: M+
👍6
M+ Market Wrap - 4Feb25
FBM KLCI: 1,564.56 pts (+10.93pts, +0.70%)
Following President Trump’s tariff delay on Canada and Mexico, the FBMKLCI (+0.70%) rebounded well with the news and closed higher at 1,564.56 pts, led by banking heavyweights including CIMB (+19.0 sen) and PBBANK (+8.0 sen). The market breadth was also positive, with 544 gainers against 415 losers. In the broader market, 11 out of 13 sectors closed on a positive note, with the Telecommunications & Media (+1.06%) sector emerging as the best performer. Meanwhile, the Healthcare (-0.48%) sector declined the most, as investors could be taking a breather awaiting President Trump's reaction after China retaliated with several tariffs on US imports.
Top 3 Active stocks:
HM (0060): RM0.195 (+1.0 sen)
KOPI (0338): RM0.900 (+4.5 sen)
VELESTO (5243): RM0.180 (-1.0 sen)
Volume: 2.23 bn (100-bar avg vol: 2.95 bn)
Value: RM2.06 bn (100-bar avg val: RM2.70 bn)
Market Breadth: ⬆️544 ⬇️415
Crude palm oil: RM4,293 (-RM74)
Dow Futures: 44,405 pts (-160 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,564.56 pts (+10.93pts, +0.70%)
Following President Trump’s tariff delay on Canada and Mexico, the FBMKLCI (+0.70%) rebounded well with the news and closed higher at 1,564.56 pts, led by banking heavyweights including CIMB (+19.0 sen) and PBBANK (+8.0 sen). The market breadth was also positive, with 544 gainers against 415 losers. In the broader market, 11 out of 13 sectors closed on a positive note, with the Telecommunications & Media (+1.06%) sector emerging as the best performer. Meanwhile, the Healthcare (-0.48%) sector declined the most, as investors could be taking a breather awaiting President Trump's reaction after China retaliated with several tariffs on US imports.
Top 3 Active stocks:
HM (0060): RM0.195 (+1.0 sen)
KOPI (0338): RM0.900 (+4.5 sen)
VELESTO (5243): RM0.180 (-1.0 sen)
Volume: 2.23 bn (100-bar avg vol: 2.95 bn)
Value: RM2.06 bn (100-bar avg val: RM2.70 bn)
Market Breadth: ⬆️544 ⬇️415
Crude palm oil: RM4,293 (-RM74)
Dow Futures: 44,405 pts (-160 pts)
**Source: Bloomberg, M+**
👍3
M+ Morning Market Buzz - 5Feb25
Dow Jones: 44,556.04 pts (+134.13pts, +0.30%)
⬆️ Resistance: 46000
⬇️ Support: 43100
FBM KLCI: 1,564.56 pts (+10.93pts, +0.70%)
⬆️ Resistance: 1600
⬇️ Support: 1520
HSI Index: 20,789.96 pts (+572.70pts, +2.83%)
⬆️ Resistance: 21400
⬇️ Support: 19400
Crude Palm Oil: RM4,308 (+RM20, +0.46%)
⬆️ Resistance: 4510
⬇️ Support: 4170
Brent Oil: $76.20 (+$0.24, +0.32%)
⬆️ Resistance: 79.30
⬇️ Support: 72.70
Gold: $2,842.71 (-$1.38, -0.05%)
⬆️ Resistance: 2910
⬇️ Support: 2690
Source: Bloomberg, M+
Dow Jones: 44,556.04 pts (+134.13pts, +0.30%)
⬆️ Resistance: 46000
⬇️ Support: 43100
FBM KLCI: 1,564.56 pts (+10.93pts, +0.70%)
⬆️ Resistance: 1600
⬇️ Support: 1520
HSI Index: 20,789.96 pts (+572.70pts, +2.83%)
⬆️ Resistance: 21400
⬇️ Support: 19400
Crude Palm Oil: RM4,308 (+RM20, +0.46%)
⬆️ Resistance: 4510
⬇️ Support: 4170
Brent Oil: $76.20 (+$0.24, +0.32%)
⬆️ Resistance: 79.30
⬇️ Support: 72.70
Gold: $2,842.71 (-$1.38, -0.05%)
⬆️ Resistance: 2910
⬇️ Support: 2690
Source: Bloomberg, M+
👍4
M+ Market Update – 05Feb25
Shifting Focus To The Upcoming Earnings Season
The local bourse reversed its losses and closed mostly higher, supported by banking heavyweights. Meanwhile, despite China’s retaliatory measures, Wall Street closed higher as traders shrugged off the trade tensions between US-China and focuses on several upbeat earnings announced including Palantir and Spotify which supported the key index. After a slowdown in the US JOLTS openings, traders will continue to monitor the (i) ISM Non-Manufacturing PMI, (ii) S&P Global Services PMI and (iii) China’s Caixin Services PMI today. In the commodities market, Brent Crude is still trading around USD76 per barrel, while gold prices charted its all-time high at USD2,845. The CPO prices maintained above the RM4,300 mark.
Sector Focus: Given the pullback in Construction sector over the past month, we opine it might present bargain-hunting opportunities, supported by JSSEZ initiatives and data centre boom in the country. Although traders have turned cautious toward glove counters following President Trump’s decision to pause his tariff orders on Mexico and Canada, we believe investors may hold on as earnings season approaches and we expect sequential growth in their earnings. We also favour Oriental Kopi for its explosive growth potential, its candidacy for a main market transfer and the anticipated shariah status bode well for the company.
Stocks to watch:
Utility: *BMGREEN*, KJTS, PEKAT
Consumer: *GCB*, *KOPI*
Plantation: *JTIASA*
O&G: *HAWK*
IFM: AWC
Healthcare: KPJ
Gold: AUMAS
Technology: ITMAX
Source: M+
Shifting Focus To The Upcoming Earnings Season
The local bourse reversed its losses and closed mostly higher, supported by banking heavyweights. Meanwhile, despite China’s retaliatory measures, Wall Street closed higher as traders shrugged off the trade tensions between US-China and focuses on several upbeat earnings announced including Palantir and Spotify which supported the key index. After a slowdown in the US JOLTS openings, traders will continue to monitor the (i) ISM Non-Manufacturing PMI, (ii) S&P Global Services PMI and (iii) China’s Caixin Services PMI today. In the commodities market, Brent Crude is still trading around USD76 per barrel, while gold prices charted its all-time high at USD2,845. The CPO prices maintained above the RM4,300 mark.
Sector Focus: Given the pullback in Construction sector over the past month, we opine it might present bargain-hunting opportunities, supported by JSSEZ initiatives and data centre boom in the country. Although traders have turned cautious toward glove counters following President Trump’s decision to pause his tariff orders on Mexico and Canada, we believe investors may hold on as earnings season approaches and we expect sequential growth in their earnings. We also favour Oriental Kopi for its explosive growth potential, its candidacy for a main market transfer and the anticipated shariah status bode well for the company.
Stocks to watch:
Utility: *BMGREEN*, KJTS, PEKAT
Consumer: *GCB*, *KOPI*
Plantation: *JTIASA*
O&G: *HAWK*
IFM: AWC
Healthcare: KPJ
Gold: AUMAS
Technology: ITMAX
Source: M+
👍4
M+ Market Wrap - 5Feb25
FBM KLCI: 1,574.51 pts (+9.95pts, +0.64%)
The FBMKLCI (+0.64%) extended its gains for the second consecutive day and closed higher at 1574.51 pts, with data centre related-heavyweights like GAMUDA (+20.0 sen) and YTLPOWR (+13.0 sen) gained traction for the session. The market breadth was also positive, with 622 gainers against 345 losers. In the broader market, all the sectors ended in green, with the Construction (+2.76%) sector showing the strongest rally, buoyed by gains in GAMUDA (+20.0 sen) and SUNCON (+14.0 sen).
Top 3 Active stocks:
TWL (7079): RM0.025 (unch)
HM (0060): RM0.195 (unch)
KOPI (0338): RM0.895 (-0.5 sen)
Volume: 2.86 bn (100-bar avg vol: 2.95 bn)
Value: RM2.33 bn (100-bar avg val: RM2.68 bn)
Market Breadth: ⬆️622 ⬇️345
Crude palm oil: RM4,341 (+RM33)
Dow Futures: 44,630 pts (-67 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,574.51 pts (+9.95pts, +0.64%)
The FBMKLCI (+0.64%) extended its gains for the second consecutive day and closed higher at 1574.51 pts, with data centre related-heavyweights like GAMUDA (+20.0 sen) and YTLPOWR (+13.0 sen) gained traction for the session. The market breadth was also positive, with 622 gainers against 345 losers. In the broader market, all the sectors ended in green, with the Construction (+2.76%) sector showing the strongest rally, buoyed by gains in GAMUDA (+20.0 sen) and SUNCON (+14.0 sen).
Top 3 Active stocks:
TWL (7079): RM0.025 (unch)
HM (0060): RM0.195 (unch)
KOPI (0338): RM0.895 (-0.5 sen)
Volume: 2.86 bn (100-bar avg vol: 2.95 bn)
Value: RM2.33 bn (100-bar avg val: RM2.68 bn)
Market Breadth: ⬆️622 ⬇️345
Crude palm oil: RM4,341 (+RM33)
Dow Futures: 44,630 pts (-67 pts)
**Source: Bloomberg, M+**
👍2
M+ Morning Market Buzz - 6Feb25
Dow Jones: 44,873.28 pts (+317.24pts, +0.71%)
⬆️ Resistance: 46000
⬇️ Support: 43100
FBM KLCI: 1,574.51 pts (+9.95pts, +0.64%)
⬆️ Resistance: 1610
⬇️ Support: 1520
HSI Index: 20,597.09 pts (-192.87pts, -0.93%)
⬆️ Resistance: 21400
⬇️ Support: 19400
Crude Palm Oil: RM4,334 (-RM17, -0.39%)
⬆️ Resistance: 4510
⬇️ Support: 4170
Brent Oil: $74.61 (-$1.59, -2.09%)
⬆️ Resistance: 79.20
⬇️ Support: 72.70
Gold: $2,867.24 (+$1.18, +0.04%)
⬆️ Resistance: 2950
⬇️ Support: 2710
Source: Bloomberg, M+
Dow Jones: 44,873.28 pts (+317.24pts, +0.71%)
⬆️ Resistance: 46000
⬇️ Support: 43100
FBM KLCI: 1,574.51 pts (+9.95pts, +0.64%)
⬆️ Resistance: 1610
⬇️ Support: 1520
HSI Index: 20,597.09 pts (-192.87pts, -0.93%)
⬆️ Resistance: 21400
⬇️ Support: 19400
Crude Palm Oil: RM4,334 (-RM17, -0.39%)
⬆️ Resistance: 4510
⬇️ Support: 4170
Brent Oil: $74.61 (-$1.59, -2.09%)
⬆️ Resistance: 79.20
⬇️ Support: 72.70
Gold: $2,867.24 (+$1.18, +0.04%)
⬆️ Resistance: 2950
⬇️ Support: 2710
Source: Bloomberg, M+
💯1
M+ Market Update – 06Feb25
Tech Sector Set To Regain Momentum
The local bourse nudged higher as data centre-related counters regained traction for the session. In the US, Wall Street continued its upward strength for the third day, buoyed by gains in Nvidia and Super Micro. The falling Treasury yields driven by softer ISM Services PMI, have further boosted the interest rate-sensitive tech sector. Following that, traders will continue to monitor the initial jobless claims later today. In the commodities market, Brent crude oil dipped towards USD74.6 per barrel following the increase in crude oil inventories, while gold prices continue to chart new all-time high at USD2,867. CPO prices held above RM4,300 despite a minor pullback.
Sector Focus: Given that President Trump has maintained his 10% tariff on China’s products, we opine that the local Gloves and Technology counters may trade higher as the trade war persists. Meanwhile, bargain-hunting opportunities may extend in the Construction sector, as JSSEZ developments and Malaysia’s ongoing data centre boom. Besides, traders may focus on high-dividend-yield sectors like Banking and REITs, given the prevailing uncertainty and expectations of a stable 3% OPR throughout the year, alongside higher reported net income recently from REITs.
Stocks to watch:
Technology: ADB, *ITMAX*
Plantation: *JTIASA*, TSH
Utility: *BMGREEN*
Logistics: *AGX*
Consumer: *SDS*
O&G: *HAWK*
Construction: BNASTRA
IFM: AWC
Source: M+
Tech Sector Set To Regain Momentum
The local bourse nudged higher as data centre-related counters regained traction for the session. In the US, Wall Street continued its upward strength for the third day, buoyed by gains in Nvidia and Super Micro. The falling Treasury yields driven by softer ISM Services PMI, have further boosted the interest rate-sensitive tech sector. Following that, traders will continue to monitor the initial jobless claims later today. In the commodities market, Brent crude oil dipped towards USD74.6 per barrel following the increase in crude oil inventories, while gold prices continue to chart new all-time high at USD2,867. CPO prices held above RM4,300 despite a minor pullback.
Sector Focus: Given that President Trump has maintained his 10% tariff on China’s products, we opine that the local Gloves and Technology counters may trade higher as the trade war persists. Meanwhile, bargain-hunting opportunities may extend in the Construction sector, as JSSEZ developments and Malaysia’s ongoing data centre boom. Besides, traders may focus on high-dividend-yield sectors like Banking and REITs, given the prevailing uncertainty and expectations of a stable 3% OPR throughout the year, alongside higher reported net income recently from REITs.
Stocks to watch:
Technology: ADB, *ITMAX*
Plantation: *JTIASA*, TSH
Utility: *BMGREEN*
Logistics: *AGX*
Consumer: *SDS*
O&G: *HAWK*
Construction: BNASTRA
IFM: AWC
Source: M+
👍5💯1
M+ Market Wrap - 6Feb25
FBM KLCI: 1,574.51 pts (+9.95pts, +0.64%)
In tandem with the regional market performance, the FBMKLCI (+0.68%) continued to close higher at 1585.17 pts, led by key heavyweights including MAYBANK (+8.0 sen) and PETGAS (+44.0 sen). The market breadth was also positive, with 489 gainers against 388 losers. In the broader market, 12 out of the 13 sectors closed green, with Transportation & Logistics (+1.21%) sector showing the strongest rally. Meanwhile, REIT (-0.20%) was the only sector that closes in the negative territory.
Top 3 Active stocks:
BORNOIL (7036): RM0.010 (unch)
NORTHERN (0340): RM0.790 (+16.0 sen)
MYEG (0138): RM0.985 (+1.5 sen)
Volume: 2.86 bn (100-bar avg vol: 2.95 bn)
Value: RM2.33 bn (100-bar avg val: RM2.66 bn)
Market Breadth: ⬆️489 ⬇️388
Crude palm oil: RM4,317 (-RM17)
Dow Futures: 45,012 pts (+8 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,574.51 pts (+9.95pts, +0.64%)
In tandem with the regional market performance, the FBMKLCI (+0.68%) continued to close higher at 1585.17 pts, led by key heavyweights including MAYBANK (+8.0 sen) and PETGAS (+44.0 sen). The market breadth was also positive, with 489 gainers against 388 losers. In the broader market, 12 out of the 13 sectors closed green, with Transportation & Logistics (+1.21%) sector showing the strongest rally. Meanwhile, REIT (-0.20%) was the only sector that closes in the negative territory.
Top 3 Active stocks:
BORNOIL (7036): RM0.010 (unch)
NORTHERN (0340): RM0.790 (+16.0 sen)
MYEG (0138): RM0.985 (+1.5 sen)
Volume: 2.86 bn (100-bar avg vol: 2.95 bn)
Value: RM2.33 bn (100-bar avg val: RM2.66 bn)
Market Breadth: ⬆️489 ⬇️388
Crude palm oil: RM4,317 (-RM17)
Dow Futures: 45,012 pts (+8 pts)
**Source: Bloomberg, M+**
👍5
M+ Morning Market Buzz - 7Feb25
Dow Jones: 44,747.63 pts (-125.65pts, -0.28%)
⬆️ Resistance: 46000
⬇️ Support: 43100
FBM KLCI: 1,585.17 pts (+10.66pts, +0.68%)
⬆️ Resistance: 1620
⬇️ Support: 1520
HSI Index: 20,891.62 pts (+294.53pts, +1.43%)
⬆️ Resistance: 21400
⬇️ Support: 19400
Crude Palm Oil: RM4,403 (+RM8, +0.18%)
⬆️ Resistance: 4520
⬇️ Support: 4170
Brent Oil: $74.29 (-$0.32, -0.43%)
⬆️ Resistance: 79.10
⬇️ Support: 72.70
Gold: $2,856.28 (+$0.69, +0.02%)
⬆️ Resistance: 2950
⬇️ Support: 2720
Source: Bloomberg, M+
Dow Jones: 44,747.63 pts (-125.65pts, -0.28%)
⬆️ Resistance: 46000
⬇️ Support: 43100
FBM KLCI: 1,585.17 pts (+10.66pts, +0.68%)
⬆️ Resistance: 1620
⬇️ Support: 1520
HSI Index: 20,891.62 pts (+294.53pts, +1.43%)
⬆️ Resistance: 21400
⬇️ Support: 19400
Crude Palm Oil: RM4,403 (+RM8, +0.18%)
⬆️ Resistance: 4520
⬇️ Support: 4170
Brent Oil: $74.29 (-$0.32, -0.43%)
⬆️ Resistance: 79.10
⬇️ Support: 72.70
Gold: $2,856.28 (+$0.69, +0.02%)
⬆️ Resistance: 2950
⬇️ Support: 2720
Source: Bloomberg, M+
M+ Market Update – 07Feb25
Malaysia Poised For A Stronger Rebound
The local bourse edged higher for the fourth day, buoyed by gains in MAYBANK and PETGAS. In the US, Wall Street closed mixed, with S&P 500 and Nasdaq posting gains, but the Dow ended lower, as initial jobless claims data came in higher-than-expected. All eyes will be on the nonfarm payrolls later today, which will help Fed determine the path of interest rates ahead. In the commodities market, Brent crude oil dipped towards USD74.3 per barrel following Trump’s renewed pledge on bringing down oil prices, while gold prices retreated marginally from its all-time high, trading around USD2,856 level. Meanwhile, CPO prices regained momentum and broke above the RM4,400 mark.
Sector Focus: Amid the ongoing US-China trade war, we opine that the local Gloves and Technology counters will benefit from the rising tensions. The trade war could also prompt manufacturers to diversify their production bases, further solidifying the China+1 strategy and strengthening Malaysia’s position as a strategic industrial hub, which may benefit the Construction, Building Materials, and Utilities sectors. Lastly, traders can also look into the newly listed solar-related IPO, Northern Solar (M+ TP: RM1.12), which gained 25% on its ACE Market debut yesterday.
Stocks to watch:
Technology: *ADB*, *CORAZA*, *GENETEC*, *MYEG*
Healthcare: KPJ, *SUPERMX*
Consumer: *GCB*
Utility: PEKAT
Logistics: AGX
Source: M+
Malaysia Poised For A Stronger Rebound
The local bourse edged higher for the fourth day, buoyed by gains in MAYBANK and PETGAS. In the US, Wall Street closed mixed, with S&P 500 and Nasdaq posting gains, but the Dow ended lower, as initial jobless claims data came in higher-than-expected. All eyes will be on the nonfarm payrolls later today, which will help Fed determine the path of interest rates ahead. In the commodities market, Brent crude oil dipped towards USD74.3 per barrel following Trump’s renewed pledge on bringing down oil prices, while gold prices retreated marginally from its all-time high, trading around USD2,856 level. Meanwhile, CPO prices regained momentum and broke above the RM4,400 mark.
Sector Focus: Amid the ongoing US-China trade war, we opine that the local Gloves and Technology counters will benefit from the rising tensions. The trade war could also prompt manufacturers to diversify their production bases, further solidifying the China+1 strategy and strengthening Malaysia’s position as a strategic industrial hub, which may benefit the Construction, Building Materials, and Utilities sectors. Lastly, traders can also look into the newly listed solar-related IPO, Northern Solar (M+ TP: RM1.12), which gained 25% on its ACE Market debut yesterday.
Stocks to watch:
Technology: *ADB*, *CORAZA*, *GENETEC*, *MYEG*
Healthcare: KPJ, *SUPERMX*
Consumer: *GCB*
Utility: PEKAT
Logistics: AGX
Source: M+
👍9
M+ Market Wrap - 7Feb25
FBM KLCI: 1,590.91 pts (+5.74pts, +0.36%)
The FBMKLCI (+0.36%) continued its upward tone for the fifth day, closing higher at 1590.91 pts, with gains in CIMB (+17.0 sen) and YTLPOWR (+21.0 sen) leading the key index. According to DOSM, the country also reported a 4.6% YoY up in December’s industrial production index, driven by expansion across all sectors. The market breadth was positive, with 651 winners against 372 losers. In the broader market, the Technology (+2.73%) sector gained the most, led by INARI (+29.0 sen) and MYEG (+3.5 sen), as investors bet that INARI’s key client Broadcom will benefit from higher orders. Meanwhile, the Transportation & Logistics (-0.26%) sector saw the largest decline.
Top 3 Active stocks:
KGROUP (0036): RM0.005 (unch)
MYEG (0138): RM1.020 (+3.5 sen)
TWL (7079): RM0.025 (unch)
Volume: 2.96 bn (100-bar avg vol: 2.95 bn)
Value: RM2.22 bn (100-bar avg val: RM2.65 bn)
Market Breadth: ⬆️651 ⬇️372
Crude palm oil: RM4,540 (+RM137)
Dow Futures: 44,835 pts (-28 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,590.91 pts (+5.74pts, +0.36%)
The FBMKLCI (+0.36%) continued its upward tone for the fifth day, closing higher at 1590.91 pts, with gains in CIMB (+17.0 sen) and YTLPOWR (+21.0 sen) leading the key index. According to DOSM, the country also reported a 4.6% YoY up in December’s industrial production index, driven by expansion across all sectors. The market breadth was positive, with 651 winners against 372 losers. In the broader market, the Technology (+2.73%) sector gained the most, led by INARI (+29.0 sen) and MYEG (+3.5 sen), as investors bet that INARI’s key client Broadcom will benefit from higher orders. Meanwhile, the Transportation & Logistics (-0.26%) sector saw the largest decline.
Top 3 Active stocks:
KGROUP (0036): RM0.005 (unch)
MYEG (0138): RM1.020 (+3.5 sen)
TWL (7079): RM0.025 (unch)
Volume: 2.96 bn (100-bar avg vol: 2.95 bn)
Value: RM2.22 bn (100-bar avg val: RM2.65 bn)
Market Breadth: ⬆️651 ⬇️372
Crude palm oil: RM4,540 (+RM137)
Dow Futures: 44,835 pts (-28 pts)
**Source: Bloomberg, M+**
👍6
M+ Morning Market Buzz - 10Feb25
Dow Jones: 44,303.40 pts (-444.23pts, -0.99%)
⬆️ Resistance: 45900
⬇️ Support: 43100
FBM KLCI: 1,590.91 pts (+5.74pts, +0.36%)
⬆️ Resistance: 1630
⬇️ Support: 1520
HSI Index: 21,133.54 pts (+241.92pts, +1.16%)
⬆️ Resistance: 21700
⬇️ Support: 19400
Crude Palm Oil: RM4,504 (+RM101, +2.29%)
⬆️ Resistance: 4640
⬇️ Support: 4190
Brent Oil: $74.66 (+$0.37, +0.50%)
⬆️ Resistance: 78.90
⬇️ Support: 72.70
Gold: $2,861.07 (+$4.79, +0.17%)
⬆️ Resistance: 2950
⬇️ Support: 2720
Source: Bloomberg, M+
Dow Jones: 44,303.40 pts (-444.23pts, -0.99%)
⬆️ Resistance: 45900
⬇️ Support: 43100
FBM KLCI: 1,590.91 pts (+5.74pts, +0.36%)
⬆️ Resistance: 1630
⬇️ Support: 1520
HSI Index: 21,133.54 pts (+241.92pts, +1.16%)
⬆️ Resistance: 21700
⬇️ Support: 19400
Crude Palm Oil: RM4,504 (+RM101, +2.29%)
⬆️ Resistance: 4640
⬇️ Support: 4190
Brent Oil: $74.66 (+$0.37, +0.50%)
⬆️ Resistance: 78.90
⬇️ Support: 72.70
Gold: $2,861.07 (+$4.79, +0.17%)
⬆️ Resistance: 2950
⬇️ Support: 2720
Source: Bloomberg, M+
👍4
M+ Market Update – 10Feb25
New Tariff Threats Could Weigh on Gains
The FBMKLCI ended the week with a five-day winning streak, fuelled by bargain hunting in Banking and Utilities heavyweights. Meanwhile, sentiment in the US weakened due to slowing job growth, despite a declining unemployment rate and stronger wage growth. Additionally, inflationary pressure remained elevated compared to previous month, signalling a slower easing cycle ahead. Also, President Trump is reportedly considering fresh tariffs of 25% on all steel and aluminium imports later today. This week, traders will closely monitor key upcoming data, including (i) Core CPI, (ii) CPI, (iii) Core PPI, (iv) PPI, and (v) retail sales. In the commodities market, Brent Crude closed below USD75 per barrel, while gold prices remained elevated around USD2,860 per ounce. CPO prices surged above RM 4,500.
Sector Focus: The local bourse is set to open lower, following Wall Street’s sell-offs on Friday, as fears of a global trade war intensify amid reports that President Trump could announce an additional 25% tariff to be imposed on steel and aluminium. We believe the stronger dollar outlook, coupled with the ongoing US-China trade tensions, will bode well for the Glove sector. Meanwhile, we believe the Renewable Energy, Construction, and Property sectors will remain on traders' radar, driven by various government initiatives like JSSEZ and NETR.
Stocks to watch:
Technology: *GENETEC*, *ITMAX*, KGB, MYEG
Construction: BNASTRA *INTA*
Consumer: *DXN*
Financial: *CIMB*
Building Material: UNIQUE
Logistics: AGX
Source: M+
New Tariff Threats Could Weigh on Gains
The FBMKLCI ended the week with a five-day winning streak, fuelled by bargain hunting in Banking and Utilities heavyweights. Meanwhile, sentiment in the US weakened due to slowing job growth, despite a declining unemployment rate and stronger wage growth. Additionally, inflationary pressure remained elevated compared to previous month, signalling a slower easing cycle ahead. Also, President Trump is reportedly considering fresh tariffs of 25% on all steel and aluminium imports later today. This week, traders will closely monitor key upcoming data, including (i) Core CPI, (ii) CPI, (iii) Core PPI, (iv) PPI, and (v) retail sales. In the commodities market, Brent Crude closed below USD75 per barrel, while gold prices remained elevated around USD2,860 per ounce. CPO prices surged above RM 4,500.
Sector Focus: The local bourse is set to open lower, following Wall Street’s sell-offs on Friday, as fears of a global trade war intensify amid reports that President Trump could announce an additional 25% tariff to be imposed on steel and aluminium. We believe the stronger dollar outlook, coupled with the ongoing US-China trade tensions, will bode well for the Glove sector. Meanwhile, we believe the Renewable Energy, Construction, and Property sectors will remain on traders' radar, driven by various government initiatives like JSSEZ and NETR.
Stocks to watch:
Technology: *GENETEC*, *ITMAX*, KGB, MYEG
Construction: BNASTRA *INTA*
Consumer: *DXN*
Financial: *CIMB*
Building Material: UNIQUE
Logistics: AGX
Source: M+
👍4