M+ Morning Market Buzz - 20Feb25
Dow Jones: 44,627.59 pts (+71.25pts, +0.16%)
⬆️ Resistance: 45700
⬇️ Support: 43500
FBM KLCI: 1,580.88 pts (-3.96pts, -0.25%)
⬆️ Resistance: 1640
⬇️ Support: 1550
HSI Index: 22,944.24 pts (-32.57pts, -0.14%)
⬆️ Resistance: 23700
⬇️ Support: 21400
Crude Palm Oil: RM4,672 (-RM53, -1.13%)
⬆️ Resistance: 4790
⬇️ Support: 4370
Brent Oil: $75.84 (+$0.24, +0.32%)
⬆️ Resistance: 78.40
⬇️ Support: 72.60
Gold: $2,933.39 (+$0.03, +0.00%)
⬆️ Resistance: 3010
⬇️ Support: 2820
Source: Bloomberg, M+
Dow Jones: 44,627.59 pts (+71.25pts, +0.16%)
⬆️ Resistance: 45700
⬇️ Support: 43500
FBM KLCI: 1,580.88 pts (-3.96pts, -0.25%)
⬆️ Resistance: 1640
⬇️ Support: 1550
HSI Index: 22,944.24 pts (-32.57pts, -0.14%)
⬆️ Resistance: 23700
⬇️ Support: 21400
Crude Palm Oil: RM4,672 (-RM53, -1.13%)
⬆️ Resistance: 4790
⬇️ Support: 4370
Brent Oil: $75.84 (+$0.24, +0.32%)
⬆️ Resistance: 78.40
⬇️ Support: 72.60
Gold: $2,933.39 (+$0.03, +0.00%)
⬆️ Resistance: 3010
⬇️ Support: 2820
Source: Bloomberg, M+
👍2
M+ Market Update – 20Feb25
Foreign Funds Adopt a Defensive Stance
The local bourse reversed its one-day gains due to renewed selling pressure in banking and consumer heavyweights. On the contrary, Wall Street continued its upward trajectory, with the S&P 500 reaching a record high for the second consecutive day. Investors appeared to look past President Trump’s tariff threats and the Fed’s decision to pause rate cuts, as the FOMC meeting notes confirmed that interest rates are likely to remain unchanged for an extended period until clearer evidence shows inflation aligning with the 2% target. Investors will monitor (i) initial jobless claims, (ii) crude oil inventories, and (iii) the S&P Global Services PMI this week. In the commodities market, Brent oil remains above USD75/barrel, gold prices stayed near its all-time high, and CPO prices surged above the RM4,600 level.
Sector Focus: The sentiment for the local bourse remains choppy amid continuous foreign fund outflows. Hence, we opine that investors adopt a cautious approach, focusing on defensive such as REITs and Banking. Both sectors offer attractive dividend yields and are expected to benefit from increased foot traffic in malls and stable GDP growth. Meanwhile, traders can also explore opportunities in the Renewable Energy sector, as Malaysia aims for a 31% renewable energy capacity by 2025, supported by various government initiatives like NETR and CGPP.
Stocks to watch:
Property: *ECOWLD*, *EXSIMHB*, *SUNWAY*
Sub-Utility: HEGROUP, MNHLDG, *SCGBHD*
Technology: *ITMAX*, NATGATE
Building Material: PMETAL
Telco: TM
Source: M+
Foreign Funds Adopt a Defensive Stance
The local bourse reversed its one-day gains due to renewed selling pressure in banking and consumer heavyweights. On the contrary, Wall Street continued its upward trajectory, with the S&P 500 reaching a record high for the second consecutive day. Investors appeared to look past President Trump’s tariff threats and the Fed’s decision to pause rate cuts, as the FOMC meeting notes confirmed that interest rates are likely to remain unchanged for an extended period until clearer evidence shows inflation aligning with the 2% target. Investors will monitor (i) initial jobless claims, (ii) crude oil inventories, and (iii) the S&P Global Services PMI this week. In the commodities market, Brent oil remains above USD75/barrel, gold prices stayed near its all-time high, and CPO prices surged above the RM4,600 level.
Sector Focus: The sentiment for the local bourse remains choppy amid continuous foreign fund outflows. Hence, we opine that investors adopt a cautious approach, focusing on defensive such as REITs and Banking. Both sectors offer attractive dividend yields and are expected to benefit from increased foot traffic in malls and stable GDP growth. Meanwhile, traders can also explore opportunities in the Renewable Energy sector, as Malaysia aims for a 31% renewable energy capacity by 2025, supported by various government initiatives like NETR and CGPP.
Stocks to watch:
Property: *ECOWLD*, *EXSIMHB*, *SUNWAY*
Sub-Utility: HEGROUP, MNHLDG, *SCGBHD*
Technology: *ITMAX*, NATGATE
Building Material: PMETAL
Telco: TM
Source: M+
👍3😁1
M+ Market Wrap - 20Feb25
FBM KLCI: 1,577.67 pts (-3.21pts, -0.20%)
The selling pressure for FBMKLCI (-0.20%) persisted, closing lower at 1577.67 pts, with key heavyweights like PCHEM (-19.0 sen) and PBBANK (-5.0 sen) dragging the index lower. The country also reported a decline in trade surplus during January, with export growth at a slower pace. The market breadth was negative, with 644 losers against 347 winners. In the broader market, the Property (+0.15%) sector emerged as the best performer, buoyed by gains in ECOWLD (+4.0 sen) and E&O (+3.0 sen). Meanwhile, the Telecommunications & Media (-1.98%) sector experienced the largest decline.
Top 3 Active stocks:
SUNLOGY (0345): RM0.300 (unch)
INGENIEU (5178): RM0.055 (unch)
MYEG (0138): RM1.020 (+2.0 sen)
Volume: 3.16 bn (100-bar avg vol: 2.93 bn)
Value: RM2.44 bn (100-bar avg val: RM2.56 bn)
Market Breadth: ⬆️347 ⬇️644
Crude palm oil: RM4,654 (-RM18)
Dow Futures: 44,634 pts (-77 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,577.67 pts (-3.21pts, -0.20%)
The selling pressure for FBMKLCI (-0.20%) persisted, closing lower at 1577.67 pts, with key heavyweights like PCHEM (-19.0 sen) and PBBANK (-5.0 sen) dragging the index lower. The country also reported a decline in trade surplus during January, with export growth at a slower pace. The market breadth was negative, with 644 losers against 347 winners. In the broader market, the Property (+0.15%) sector emerged as the best performer, buoyed by gains in ECOWLD (+4.0 sen) and E&O (+3.0 sen). Meanwhile, the Telecommunications & Media (-1.98%) sector experienced the largest decline.
Top 3 Active stocks:
SUNLOGY (0345): RM0.300 (unch)
INGENIEU (5178): RM0.055 (unch)
MYEG (0138): RM1.020 (+2.0 sen)
Volume: 3.16 bn (100-bar avg vol: 2.93 bn)
Value: RM2.44 bn (100-bar avg val: RM2.56 bn)
Market Breadth: ⬆️347 ⬇️644
Crude palm oil: RM4,654 (-RM18)
Dow Futures: 44,634 pts (-77 pts)
**Source: Bloomberg, M+**
🥰2😁1
M+ Morning Market Buzz - 21Feb25
Dow Jones: 44,176.65 pts (-450.94pts, -1.01%)
⬆️ Resistance: 45700
⬇️ Support: 43100
FBM KLCI: 1,577.67 pts (-3.21pts, -0.20%)
⬆️ Resistance: 1630
⬇️ Support: 1550
HSI Index: 22,576.98 pts (-367.26pts, -1.60%)
⬆️ Resistance: 23700
⬇️ Support: 21600
Crude Palm Oil: RM4,642 (+RM55, +1.18%)
⬆️ Resistance: 4790
⬇️ Support: 4370
Brent Oil: $76.04 (+$0.62, +0.82%)
⬆️ Resistance: 78.70
⬇️ Support: 72.80
Gold: $2,938.98 (+$4.15, +0.14%)
⬆️ Resistance: 3020
⬇️ Support: 2820
Source: Bloomberg, M+
Dow Jones: 44,176.65 pts (-450.94pts, -1.01%)
⬆️ Resistance: 45700
⬇️ Support: 43100
FBM KLCI: 1,577.67 pts (-3.21pts, -0.20%)
⬆️ Resistance: 1630
⬇️ Support: 1550
HSI Index: 22,576.98 pts (-367.26pts, -1.60%)
⬆️ Resistance: 23700
⬇️ Support: 21600
Crude Palm Oil: RM4,642 (+RM55, +1.18%)
⬆️ Resistance: 4790
⬇️ Support: 4370
Brent Oil: $76.04 (+$0.62, +0.82%)
⬆️ Resistance: 78.70
⬇️ Support: 72.80
Gold: $2,938.98 (+$4.15, +0.14%)
⬆️ Resistance: 3020
⬇️ Support: 2820
Source: Bloomberg, M+
👍6
M+ Market Update – 21Feb25
Market Sentiment Remains Shaky
The local bourse continued to decline amid selling pressure in chemicals and banking heavyweights. Similarly, Wall Street reversed its gains after retail giant Walmart unveiled a weaker sales outlook for FY26, raising questions among investors about the US economy outlook. Today, investors will be looking into the (i) S&P Global Manufacturing PMI, (ii) Japan’s Jan-25 Core CPI, and (iii) Malaysia’s Jan-25 CPI data. In the commodities market, Brent oil gained marginally above USD76/barrel, gold price is trading near its all-time high, and CPO prices continue to rebound nearer to RM4,700/tonne.
Sector Focus: Given the subdued local market performance, we reiterate our stance on the defensive sectors like REITs and Banking for their attractive dividends and stable earnings. Traders may also explore the Renewable Energy sector, including the newly listed IPO - ES Sunlogy (M+: RM0.50), as Malaysia targets 31% renewable energy capacity by this year, supported by initiatives like LSS6 (2Q25) and BESS (3Q25). As JSSEZ’s action plan is expected to ready by 3Q25, value opportunities may emerge in the Construction, Property, and Building Materials sectors.
Stocks to watch:
Property: *ECOWLD*, *EXSIMHB, SUNWAY
Technology: *MYEG*, *NATGATE*
Building Material: *PMETAL*
Construction: *GAMUDA*
Utility: SLVEST
Source: M+
Market Sentiment Remains Shaky
The local bourse continued to decline amid selling pressure in chemicals and banking heavyweights. Similarly, Wall Street reversed its gains after retail giant Walmart unveiled a weaker sales outlook for FY26, raising questions among investors about the US economy outlook. Today, investors will be looking into the (i) S&P Global Manufacturing PMI, (ii) Japan’s Jan-25 Core CPI, and (iii) Malaysia’s Jan-25 CPI data. In the commodities market, Brent oil gained marginally above USD76/barrel, gold price is trading near its all-time high, and CPO prices continue to rebound nearer to RM4,700/tonne.
Sector Focus: Given the subdued local market performance, we reiterate our stance on the defensive sectors like REITs and Banking for their attractive dividends and stable earnings. Traders may also explore the Renewable Energy sector, including the newly listed IPO - ES Sunlogy (M+: RM0.50), as Malaysia targets 31% renewable energy capacity by this year, supported by initiatives like LSS6 (2Q25) and BESS (3Q25). As JSSEZ’s action plan is expected to ready by 3Q25, value opportunities may emerge in the Construction, Property, and Building Materials sectors.
Stocks to watch:
Property: *ECOWLD*, *EXSIMHB, SUNWAY
Technology: *MYEG*, *NATGATE*
Building Material: *PMETAL*
Construction: *GAMUDA*
Utility: SLVEST
Source: M+
👍5😁2
M+ Market Wrap - 21Feb25
FBM KLCI: 1,591.03 pts (+13.36pts, +0.85%)
The FBMKLCI (+0.85%) rebounded and closed higher at 1591.03 pts, with gains in PETDAG (+124.0 sen) and PPB (+40.0 sen) lifting the key index. The country also reported a 1.7% YoY growth in Jan-25 CPI data, largely driven by higher prices at restaurants and costlier personal goods and services. Market breadth was positive, with 573 winners against 448 losers. In the broader market, the Construction (+3.12%) sector gained the most, led by data centre-related stocks including GAMUDA (+16.0 sen) and SUNCON (+33.0 sen), while the Technology (-1.54%) sector saw the largest decline.
Top 3 Active stocks:
INGENIEU (5178): RM0.050 (-0.5 sen)
MYEG (0138): RM1.040 (+2.0 sen)
TWL (7079): RM0.025 (+0.5 sen)
Volume: 3.00 bn (100-bar avg vol: 2.93 bn)
Value: RM2.63 bn (100-bar avg val: RM2.55 bn)
Market Breadth: ⬆️573 ⬇️448
Crude palm oil: RM4,670 (+RM28)
Dow Futures: 44,294 pts (+26 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,591.03 pts (+13.36pts, +0.85%)
The FBMKLCI (+0.85%) rebounded and closed higher at 1591.03 pts, with gains in PETDAG (+124.0 sen) and PPB (+40.0 sen) lifting the key index. The country also reported a 1.7% YoY growth in Jan-25 CPI data, largely driven by higher prices at restaurants and costlier personal goods and services. Market breadth was positive, with 573 winners against 448 losers. In the broader market, the Construction (+3.12%) sector gained the most, led by data centre-related stocks including GAMUDA (+16.0 sen) and SUNCON (+33.0 sen), while the Technology (-1.54%) sector saw the largest decline.
Top 3 Active stocks:
INGENIEU (5178): RM0.050 (-0.5 sen)
MYEG (0138): RM1.040 (+2.0 sen)
TWL (7079): RM0.025 (+0.5 sen)
Volume: 3.00 bn (100-bar avg vol: 2.93 bn)
Value: RM2.63 bn (100-bar avg val: RM2.55 bn)
Market Breadth: ⬆️573 ⬇️448
Crude palm oil: RM4,670 (+RM28)
Dow Futures: 44,294 pts (+26 pts)
**Source: Bloomberg, M+**
👍5
M+ Market Update – 24Feb25
Seeking Opportunities in the Infrastructure Sector
The local bourse closed on a positive note, buoyed by buying support in Consumer Products & Services. However, Wall Street ended negatively as Services PMI data came in worse-than-anticipated, compounded by Walmart’s conservative revenue guidance, which sparked fears of weakened consumer demand. This week, traders will monitor (i) US Consumer Confidence, (ii) Prelim GDP QoQ, (iii) Unemployment Claims, and (iv) Monthly Core PCE Price Index. In the commodities market, Brent Crude lost 3.1% as the US pressured on Iraq to resume Kurdish oil exports. Meanwhile, both gold and CPO traded within a tight range at USD 2,936 and RM4,664, respectively.
Sector Focus: We see trading opportunities in Industrial Products & Service, given its rebound towards MA20, coupled with stronger earnings from PCHEM. Despite the recent sell-off in glove counters, we remain optimistic on its outlook, supported by (i) healthy restocking activities comparable to the post-Covid era, and (ii) the 50% + 10% tariffs on Chinese glove manufacturers, which would shift the market dynamics towards Malaysian glove manufacturers. On the JSSEZ’s action plan that is expected to ready by 2H25, we believe there might be trading opportunities within the Construction, Property, and Building Materials sectors.
Stocks to watch:
Utility: MNHLDG, *PEKAT*, SLVEST
Technology: *ITMAX*, KGB
Healthcare: KAREX, *KPJ*
Construction: *GAMUDA*, SUNCON
Building Material: *PMETAL*
Chemical: *TMK*
Property: SUNWAY
Financial: OSK
Source: M+
Seeking Opportunities in the Infrastructure Sector
The local bourse closed on a positive note, buoyed by buying support in Consumer Products & Services. However, Wall Street ended negatively as Services PMI data came in worse-than-anticipated, compounded by Walmart’s conservative revenue guidance, which sparked fears of weakened consumer demand. This week, traders will monitor (i) US Consumer Confidence, (ii) Prelim GDP QoQ, (iii) Unemployment Claims, and (iv) Monthly Core PCE Price Index. In the commodities market, Brent Crude lost 3.1% as the US pressured on Iraq to resume Kurdish oil exports. Meanwhile, both gold and CPO traded within a tight range at USD 2,936 and RM4,664, respectively.
Sector Focus: We see trading opportunities in Industrial Products & Service, given its rebound towards MA20, coupled with stronger earnings from PCHEM. Despite the recent sell-off in glove counters, we remain optimistic on its outlook, supported by (i) healthy restocking activities comparable to the post-Covid era, and (ii) the 50% + 10% tariffs on Chinese glove manufacturers, which would shift the market dynamics towards Malaysian glove manufacturers. On the JSSEZ’s action plan that is expected to ready by 2H25, we believe there might be trading opportunities within the Construction, Property, and Building Materials sectors.
Stocks to watch:
Utility: MNHLDG, *PEKAT*, SLVEST
Technology: *ITMAX*, KGB
Healthcare: KAREX, *KPJ*
Construction: *GAMUDA*, SUNCON
Building Material: *PMETAL*
Chemical: *TMK*
Property: SUNWAY
Financial: OSK
Source: M+
👍3
M+ Market Wrap - 24Feb25
FBM KLCI: 1,584.25 pts (-6.78pts, -0.43%)
The FBMKLCI (-0.43%) slid after Industrial Products & Services and Utilities heavyweights weighed on sentiment in the local market; the latter's decline was due to analysts' conservative stance on PCHEM (-40.0 sen), which likely spurred selling pressure in the sector. Market breadth was negative, with losers outpacing gainers at 719-to-304 stocks. On the broader market, Plantation (+1.50%) stocks outperformed, led by gains in SDG (+13.0 sen) and KLK (+42.0 sen), while the Construction (-3.74%) sector declined the most.
Top 3 Active stocks:
INGENIEU (5178): RM0.050 (unch)
MYEG (0138): RM1.010 (-3.0 sen)
GAMUDA (5398): RM4.490 (-27.0 sen)
Volume: 2.70 bn (100-bar avg vol: 2.93 bn)
Value: RM2.32 bn (100-bar avg val: RM2.54 bn)
Market Breadth: ⬆️304 ⬇️719
Crude palm oil: RM4,563 (-RM101)
Dow Futures: 43,718 pts (+232 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,584.25 pts (-6.78pts, -0.43%)
The FBMKLCI (-0.43%) slid after Industrial Products & Services and Utilities heavyweights weighed on sentiment in the local market; the latter's decline was due to analysts' conservative stance on PCHEM (-40.0 sen), which likely spurred selling pressure in the sector. Market breadth was negative, with losers outpacing gainers at 719-to-304 stocks. On the broader market, Plantation (+1.50%) stocks outperformed, led by gains in SDG (+13.0 sen) and KLK (+42.0 sen), while the Construction (-3.74%) sector declined the most.
Top 3 Active stocks:
INGENIEU (5178): RM0.050 (unch)
MYEG (0138): RM1.010 (-3.0 sen)
GAMUDA (5398): RM4.490 (-27.0 sen)
Volume: 2.70 bn (100-bar avg vol: 2.93 bn)
Value: RM2.32 bn (100-bar avg val: RM2.54 bn)
Market Breadth: ⬆️304 ⬇️719
Crude palm oil: RM4,563 (-RM101)
Dow Futures: 43,718 pts (+232 pts)
**Source: Bloomberg, M+**
👍5
M+ Morning Market Buzz - 25Feb25
Dow Jones: 43,461.21 pts (+33.19pts, +0.08%)
⬆️ Resistance: 45600
⬇️ Support: 42500
FBM KLCI: 1,584.25 pts (-6.78pts, -0.43%)
⬆️ Resistance: 1630
⬇️ Support: 1550
HSI Index: 23,341.61 pts (-136.31pts, -0.58%)
⬆️ Resistance: 24200
⬇️ Support: 22000
Crude Palm Oil: RM4,559 (-RM19, -0.42%)
⬆️ Resistance: 4820
⬇️ Support: 4400
Brent Oil: $74.43 (+$0.37, +0.50%)
⬆️ Resistance: 78.70
⬇️ Support: 72.70
Gold: $2,936.05 (+$16.59, +0.57%)
⬆️ Resistance: 3020
⬇️ Support: 2840
Source: Bloomberg, M+
Dow Jones: 43,461.21 pts (+33.19pts, +0.08%)
⬆️ Resistance: 45600
⬇️ Support: 42500
FBM KLCI: 1,584.25 pts (-6.78pts, -0.43%)
⬆️ Resistance: 1630
⬇️ Support: 1550
HSI Index: 23,341.61 pts (-136.31pts, -0.58%)
⬆️ Resistance: 24200
⬇️ Support: 22000
Crude Palm Oil: RM4,559 (-RM19, -0.42%)
⬆️ Resistance: 4820
⬇️ Support: 4400
Brent Oil: $74.43 (+$0.37, +0.50%)
⬆️ Resistance: 78.70
⬇️ Support: 72.70
Gold: $2,936.05 (+$16.59, +0.57%)
⬆️ Resistance: 3020
⬇️ Support: 2840
Source: Bloomberg, M+
👍2
M+ Market Update – 25Feb25
More Clarity From Microsoft
The local bourse began the week on a negative note as Microsoft’s statement on softer data center capex spooked the market and dampened sentiment across the local data center themes. Also, Wall Street ended mostly lower ahead of Nvidia's earnings report, coupled with softer economic data pointing to weakened consumer demand. We expect Wall Street to trade in a volatile manner as Hong Kong futures are down, while cryptocurrency like Bitcoin has turned weaker at the time of writing. This week, traders will monitor (i) US Consumer Confidence, (ii) Prelim GDP QoQ, (iii) Unemployment Claims, and (iv) the Monthly Core PCE Price Index. In the commodities market, Brent Crude traded around USD74 per barrel. Meanwhile, Gold surged towards the USD2,950 level, while CPO hovered around RM4,500.
Sector Focus: We see opportunities to accumulate in the Construction and Retail sectors, given their oversold conditions, a solid outlook, and steady earnings reports from 99 Speedmart. Despite recent sell offs, we believe traders may look out for bargain hunting activities as Microsoft’s core strategy remains intact for its data center strategy and their 10-year outlook for cloud and AI. Meanwhile, we opine that selected Healthcare and Technology stocks like KPJ and ITMAX will be decent for long-term investment.
Stocks to watch:
Consumer: *DXN*, TEOSENG
Technology: *EG*, ITMAX
Property: EXSIMHB, GDB
Gaming: *GENM*
Healthcare: *KPJ*
Plantation: TSH
Source: M+
More Clarity From Microsoft
The local bourse began the week on a negative note as Microsoft’s statement on softer data center capex spooked the market and dampened sentiment across the local data center themes. Also, Wall Street ended mostly lower ahead of Nvidia's earnings report, coupled with softer economic data pointing to weakened consumer demand. We expect Wall Street to trade in a volatile manner as Hong Kong futures are down, while cryptocurrency like Bitcoin has turned weaker at the time of writing. This week, traders will monitor (i) US Consumer Confidence, (ii) Prelim GDP QoQ, (iii) Unemployment Claims, and (iv) the Monthly Core PCE Price Index. In the commodities market, Brent Crude traded around USD74 per barrel. Meanwhile, Gold surged towards the USD2,950 level, while CPO hovered around RM4,500.
Sector Focus: We see opportunities to accumulate in the Construction and Retail sectors, given their oversold conditions, a solid outlook, and steady earnings reports from 99 Speedmart. Despite recent sell offs, we believe traders may look out for bargain hunting activities as Microsoft’s core strategy remains intact for its data center strategy and their 10-year outlook for cloud and AI. Meanwhile, we opine that selected Healthcare and Technology stocks like KPJ and ITMAX will be decent for long-term investment.
Stocks to watch:
Consumer: *DXN*, TEOSENG
Technology: *EG*, ITMAX
Property: EXSIMHB, GDB
Gaming: *GENM*
Healthcare: *KPJ*
Plantation: TSH
Source: M+
👍6
M+ Market Wrap - 25Feb25
FBM KLCI: 1,568.03 pts (-16.22pts, -1.02%)
The FBMKLCI (-1.02%) closed lower after losses in Banking and Utilities heavyweights dampened sentiment locally, while global peers also declined due to fears of a return of President Trump’s trade war and curbs on Chinese products. Market breadth was negative with losers outpacing gainers by 901-to-217 stocks. On the broader market, the Transportation & Logistics (+0.79%) sector outperformed, led by gains in MISC (-6.0 sen) and HEXTECH (+8.0 sen), while the rest ended in the red.
Top 3 Active stocks:
TWL (7079): RM0.025 (+0.5 sen)
INGENIEU (5178): RM0.045 (-0.5 sen)
MYEG (0138): RM0.975 (-3.5 sen)
Volume: 3.14 bn (100-bar avg vol: 2.92 bn)
Value: RM2.65 bn (100-bar avg val: RM2.54 bn)
Market Breadth: ⬆️217 ⬇️901
Crude palm oil: RM4,564 (+RM5)
Dow Futures: 43,533 pts (-2 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,568.03 pts (-16.22pts, -1.02%)
The FBMKLCI (-1.02%) closed lower after losses in Banking and Utilities heavyweights dampened sentiment locally, while global peers also declined due to fears of a return of President Trump’s trade war and curbs on Chinese products. Market breadth was negative with losers outpacing gainers by 901-to-217 stocks. On the broader market, the Transportation & Logistics (+0.79%) sector outperformed, led by gains in MISC (-6.0 sen) and HEXTECH (+8.0 sen), while the rest ended in the red.
Top 3 Active stocks:
TWL (7079): RM0.025 (+0.5 sen)
INGENIEU (5178): RM0.045 (-0.5 sen)
MYEG (0138): RM0.975 (-3.5 sen)
Volume: 3.14 bn (100-bar avg vol: 2.92 bn)
Value: RM2.65 bn (100-bar avg val: RM2.54 bn)
Market Breadth: ⬆️217 ⬇️901
Crude palm oil: RM4,564 (+RM5)
Dow Futures: 43,533 pts (-2 pts)
**Source: Bloomberg, M+**
👍2👏1
M+ Morning Market Buzz - 26Feb25
Dow Jones: 43,621.16 pts (+159.95pts, +0.37%)
⬆️ Resistance: 45600
⬇️ Support: 42500
FBM KLCI: 1,568.03 pts (-16.22pts, -1.02%)
⬆️ Resistance: 1630
⬇️ Support: 1540
HSI Index: 23,034.02 pts (-307.59pts, -1.32%)
⬆️ Resistance: 24200
⬇️ Support: 22000
Crude Palm Oil: RM4,565 (+RM5, +0.11%)
⬆️ Resistance: 4820
⬇️ Support: 4420
Brent Oil: $74.78 (-$1.56, -2.10%)
⬆️ Resistance: 78.70
⬇️ Support: 71.30
Gold: $2,914.98 (-$0.22, -0.01%)
⬆️ Resistance: 3020
⬇️ Support: 2840
Source: Bloomberg, M+
Dow Jones: 43,621.16 pts (+159.95pts, +0.37%)
⬆️ Resistance: 45600
⬇️ Support: 42500
FBM KLCI: 1,568.03 pts (-16.22pts, -1.02%)
⬆️ Resistance: 1630
⬇️ Support: 1540
HSI Index: 23,034.02 pts (-307.59pts, -1.32%)
⬆️ Resistance: 24200
⬇️ Support: 22000
Crude Palm Oil: RM4,565 (+RM5, +0.11%)
⬆️ Resistance: 4820
⬇️ Support: 4420
Brent Oil: $74.78 (-$1.56, -2.10%)
⬆️ Resistance: 78.70
⬇️ Support: 71.30
Gold: $2,914.98 (-$0.22, -0.01%)
⬆️ Resistance: 3020
⬇️ Support: 2840
Source: Bloomberg, M+
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M+ Market Update – 26Feb25
Awaiting Nvidia’s Results
The local bourse closed lower as losses in Banking and Utilities heavyweights dampened the sentiment locally. Wall Street ended mostly lower after weaker consumer confidence, following a weakening Services PMI and Walmart's conservative outlook. We believe the decline in confidence stems from elevated inflation, worsened by Trump’s tariffs threats on trading partners, suggesting a slower easing cycle ahead. In the commodities market, Brent Crude lost nearly 2.5% on fears of slower energy demand and an elevated stockpile outlook. Meanwhile, gold retreated below USD2,920, while CPO traded around RM4,570.
Sector Focus: Despite the weaker trading sentiment, we see opportunities to accumulate ITMAX after the company reported robust earnings in the latest quarter. Also, its development in Johor and new ventures in Penang should bode well for long term growth. Meanwhile, we believe Frontken’s record quarterly earnings may provide stability towards the Technology sector, after the recent selloff following the Deepseek incident in late 2024. Similarly, we expect positive opportunities in the Consumer and Renewable Energy segments following stronger earnings from Leong Hup and Pekat.
Stocks to watch:
Technology: HTPADU, *ITMAX*
Utility: *PEKAT*, *SCGBHD*
Construction: *SUNCON*
Chemical: *TMK*
Consumer: KOPI
REIT: PAVREIT
Property: EXSIMHB
Source: M+
Awaiting Nvidia’s Results
The local bourse closed lower as losses in Banking and Utilities heavyweights dampened the sentiment locally. Wall Street ended mostly lower after weaker consumer confidence, following a weakening Services PMI and Walmart's conservative outlook. We believe the decline in confidence stems from elevated inflation, worsened by Trump’s tariffs threats on trading partners, suggesting a slower easing cycle ahead. In the commodities market, Brent Crude lost nearly 2.5% on fears of slower energy demand and an elevated stockpile outlook. Meanwhile, gold retreated below USD2,920, while CPO traded around RM4,570.
Sector Focus: Despite the weaker trading sentiment, we see opportunities to accumulate ITMAX after the company reported robust earnings in the latest quarter. Also, its development in Johor and new ventures in Penang should bode well for long term growth. Meanwhile, we believe Frontken’s record quarterly earnings may provide stability towards the Technology sector, after the recent selloff following the Deepseek incident in late 2024. Similarly, we expect positive opportunities in the Consumer and Renewable Energy segments following stronger earnings from Leong Hup and Pekat.
Stocks to watch:
Technology: HTPADU, *ITMAX*
Utility: *PEKAT*, *SCGBHD*
Construction: *SUNCON*
Chemical: *TMK*
Consumer: KOPI
REIT: PAVREIT
Property: EXSIMHB
Source: M+
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M+ Market Wrap - 26Feb25
FBM KLCI: 1,588.71 pts (+20.68pts, +1.32%)
The FBMKLCI (+1.32%) rebounded as gains in Banking heavyweights boosted sentiment locally. This uptick in buying interest was driven by Maybank's (+24.0 sen) strong earnings report, which showed higher net interest income and insurance earnings, likely fueling further support for the sector. Market breadth was positive with gainers outpacing losers by 534-to-471 stocks. On the broader market, Financial (+1.73%) outperformed mostly led by Banking heavyweights, while Construction (-0.33%) declined the most.
Top 3 Active stocks:
INGENIEU (5178): RM0.040 (-0.5 sen)
SFPTECH (0251): RM0.320 (-2.5 sen)
MYEG (0138): RM0.955 (-2.5 sen)
Volume: 2.82 bn (100-bar avg vol: 2.92 bn)
Value: RM2.48 bn (100-bar avg val: RM2.54 bn)
Market Breadth: ⬆️534 ⬇️471
Crude palm oil: RM4,568 (+RM3)
Dow Futures: 43,791 pts (+101 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,588.71 pts (+20.68pts, +1.32%)
The FBMKLCI (+1.32%) rebounded as gains in Banking heavyweights boosted sentiment locally. This uptick in buying interest was driven by Maybank's (+24.0 sen) strong earnings report, which showed higher net interest income and insurance earnings, likely fueling further support for the sector. Market breadth was positive with gainers outpacing losers by 534-to-471 stocks. On the broader market, Financial (+1.73%) outperformed mostly led by Banking heavyweights, while Construction (-0.33%) declined the most.
Top 3 Active stocks:
INGENIEU (5178): RM0.040 (-0.5 sen)
SFPTECH (0251): RM0.320 (-2.5 sen)
MYEG (0138): RM0.955 (-2.5 sen)
Volume: 2.82 bn (100-bar avg vol: 2.92 bn)
Value: RM2.48 bn (100-bar avg val: RM2.54 bn)
Market Breadth: ⬆️534 ⬇️471
Crude palm oil: RM4,568 (+RM3)
Dow Futures: 43,791 pts (+101 pts)
**Source: Bloomberg, M+**
M+ Morning Market Buzz - 27Feb25
Dow Jones: 43,433.12 pts (-188.04pts, -0.43%)
⬆️ Resistance: 45500
⬇️ Support: 42500
FBM KLCI: 1,588.71 pts (+20.68pts, +1.32%)
⬆️ Resistance: 1630
⬇️ Support: 1540
HSI Index: 23,787.93 pts (+753.91pts, +3.27%)
⬆️ Resistance: 24500
⬇️ Support: 22000
Crude Palm Oil: RM4,611 (-RM45, -0.98%)
⬆️ Resistance: 4820
⬇️ Support: 4440
Brent Oil: $73.02 (-$0.28, -0.38%)
⬆️ Resistance: 78.70
⬇️ Support: 71.00
Gold: $2,914.98 (+$1.44, +0.05%)
⬆️ Resistance: 3020
⬇️ Support: 2840
Source: Bloomberg, M+
Dow Jones: 43,433.12 pts (-188.04pts, -0.43%)
⬆️ Resistance: 45500
⬇️ Support: 42500
FBM KLCI: 1,588.71 pts (+20.68pts, +1.32%)
⬆️ Resistance: 1630
⬇️ Support: 1540
HSI Index: 23,787.93 pts (+753.91pts, +3.27%)
⬆️ Resistance: 24500
⬇️ Support: 22000
Crude Palm Oil: RM4,611 (-RM45, -0.98%)
⬆️ Resistance: 4820
⬇️ Support: 4440
Brent Oil: $73.02 (-$0.28, -0.38%)
⬆️ Resistance: 78.70
⬇️ Support: 71.00
Gold: $2,914.98 (+$1.44, +0.05%)
⬆️ Resistance: 3020
⬇️ Support: 2840
Source: Bloomberg, M+
👍3
M+ Market Update – 27Feb25
Nvidia’s Earnings Exceeded Expectations
The local bourse closed higher as gains in banking heavyweights lifted sentiment locally, driven by strong banking earnings supported by higher net interest margin and steady loan growth. However, Wall Street remained within a tight range ahead of Nvidia's earnings report. Although Nvidia’s results came in above expectations, the post-market trading is volatile, fluctuating between the positive and negative territory. Thus, we believe positive sentiment surrounding the AI theme could be limited. In the commodities market, Brent Crude retreated further towards USD74 on ongoing fears of weakening demand. Meanwhile, Gold traded flat at USD2,916 while CPO closed lower towards RM4,566.
Sector Focus: While sentiment may be subdued, we expect the oversold conditions, coupled with Nvidia’s earnings beat, to support a rebound to the Technology sector locally with ITMAX looking favourable due to its recent earnings. Meanwhile, we believe SUNWAY’s record high revenue in FY24 could spur bargain hunting in the Property and Construction sector, as well as among companies linked to the data center supply chain and the JSSEZ action plan. For conservative traders, we believe Banking and REITs will remain in focus, given their steady earnings growth and dividend yield appeal.
Stocks to watch:
Utility: *PEKAT*, SCGBHD, SLVEST
Financial: *MAYBANK*, OSK
Healthcare: *KPJ*
Logistics: *WPRTS*
Consumer: *LHI*
Technology: ITMAX
REIT: IGBREIT
Source: M+
Nvidia’s Earnings Exceeded Expectations
The local bourse closed higher as gains in banking heavyweights lifted sentiment locally, driven by strong banking earnings supported by higher net interest margin and steady loan growth. However, Wall Street remained within a tight range ahead of Nvidia's earnings report. Although Nvidia’s results came in above expectations, the post-market trading is volatile, fluctuating between the positive and negative territory. Thus, we believe positive sentiment surrounding the AI theme could be limited. In the commodities market, Brent Crude retreated further towards USD74 on ongoing fears of weakening demand. Meanwhile, Gold traded flat at USD2,916 while CPO closed lower towards RM4,566.
Sector Focus: While sentiment may be subdued, we expect the oversold conditions, coupled with Nvidia’s earnings beat, to support a rebound to the Technology sector locally with ITMAX looking favourable due to its recent earnings. Meanwhile, we believe SUNWAY’s record high revenue in FY24 could spur bargain hunting in the Property and Construction sector, as well as among companies linked to the data center supply chain and the JSSEZ action plan. For conservative traders, we believe Banking and REITs will remain in focus, given their steady earnings growth and dividend yield appeal.
Stocks to watch:
Utility: *PEKAT*, SCGBHD, SLVEST
Financial: *MAYBANK*, OSK
Healthcare: *KPJ*
Logistics: *WPRTS*
Consumer: *LHI*
Technology: ITMAX
REIT: IGBREIT
Source: M+
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M+ Market Wrap - 27Feb25
FBM KLCI: 1,586.60 pts (-2.11pts, -0.13%)
The FBMKLCI (-0.13%) closed lower as sentiment on the local front was dampened by weaknesses in Petronas Dagangan’s (-74.0 sen) earnings, compounded by uncertainties over its domestic CapEx. Besides that, market breadth was still positive with gainers outpacing losers by 573-to-419 stocks. On the broader view, Industrial Products & Services (+1.73%) outperformed led by PMETAL (+25.0 sen) and SUNWAY (+10.0 sen) while Financial (-0.31%) declined the most.
Top 3 Active stocks:
SAPNRG (5218): RM0.035 (+0.5 sen)
MYEG (0138): RM0.955 (+0.5 sen)
NEXG (5216): RM0.255 (-2.0 sen)
Volume: 2.89 bn (100-bar avg vol: 2.91 bn)
Value: RM2.45 bn (100-bar avg val: RM2.54 bn)
Market Breadth: ⬆️573 ⬇️419
Crude palm oil: RM4,479 (-RM132)
Dow Futures: 43,622 pts (+116 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,586.60 pts (-2.11pts, -0.13%)
The FBMKLCI (-0.13%) closed lower as sentiment on the local front was dampened by weaknesses in Petronas Dagangan’s (-74.0 sen) earnings, compounded by uncertainties over its domestic CapEx. Besides that, market breadth was still positive with gainers outpacing losers by 573-to-419 stocks. On the broader view, Industrial Products & Services (+1.73%) outperformed led by PMETAL (+25.0 sen) and SUNWAY (+10.0 sen) while Financial (-0.31%) declined the most.
Top 3 Active stocks:
SAPNRG (5218): RM0.035 (+0.5 sen)
MYEG (0138): RM0.955 (+0.5 sen)
NEXG (5216): RM0.255 (-2.0 sen)
Volume: 2.89 bn (100-bar avg vol: 2.91 bn)
Value: RM2.45 bn (100-bar avg val: RM2.54 bn)
Market Breadth: ⬆️573 ⬇️419
Crude palm oil: RM4,479 (-RM132)
Dow Futures: 43,622 pts (+116 pts)
**Source: Bloomberg, M+**
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M+ Market Update – 28Feb25
Back To Defensive Trades
The local bourse closed lower as sentiment was dampened by weaknesses in Petronas related stocks, coupled with uncertainties surrounding its domestic CapEx outlook. Wall Street ended in red after selling pressure emerged despite Nvidia posting better-than-expected results. We believe the change on mind by President Trump on tariffs threat toward Canada and Mexico, set to take effect on March 4, coupled with a rise in unemployment claims to 242k, highest level in 3 months will contribute to further weakness on the stock markets. On the commodities market, Brent crude rebounded towards USD73 per barrel, while Gold closed below the USD2,880 mark. Meanwhile CPO price hover around RM4,530.
Sector Focus: Given the renewed selling pressure on Wall Street despite Nvidia’s earnings beat, we expect upside in the local Technology sector to be limited, albeit supported by stronger earnings from NationGate. We also favour ITMAX and FRONTKN for long term growth after their solid earnings reports. Meanwhile, we see trading opportunities in Kelington Group due to its (i) RM1.27bn order book, (ii) UHP segment expansion in China and Europe, and (iii) potential data center order replenishment. Besides, we remain positive on Banking, backed by RHB earnings and attractive dividend yield and REITs for their defensive characteristics.
Stocks to watch:
Utility: *BMGREEN*, PEKAT, SCGBHD
Plantation: *JTIASA*, TSH
Building Material: *PMETAL*
Construction: *SUNCON*
Financial: *OSK*
Consumer: *LHI*
Technology: KGB
Source: M+
Back To Defensive Trades
The local bourse closed lower as sentiment was dampened by weaknesses in Petronas related stocks, coupled with uncertainties surrounding its domestic CapEx outlook. Wall Street ended in red after selling pressure emerged despite Nvidia posting better-than-expected results. We believe the change on mind by President Trump on tariffs threat toward Canada and Mexico, set to take effect on March 4, coupled with a rise in unemployment claims to 242k, highest level in 3 months will contribute to further weakness on the stock markets. On the commodities market, Brent crude rebounded towards USD73 per barrel, while Gold closed below the USD2,880 mark. Meanwhile CPO price hover around RM4,530.
Sector Focus: Given the renewed selling pressure on Wall Street despite Nvidia’s earnings beat, we expect upside in the local Technology sector to be limited, albeit supported by stronger earnings from NationGate. We also favour ITMAX and FRONTKN for long term growth after their solid earnings reports. Meanwhile, we see trading opportunities in Kelington Group due to its (i) RM1.27bn order book, (ii) UHP segment expansion in China and Europe, and (iii) potential data center order replenishment. Besides, we remain positive on Banking, backed by RHB earnings and attractive dividend yield and REITs for their defensive characteristics.
Stocks to watch:
Utility: *BMGREEN*, PEKAT, SCGBHD
Plantation: *JTIASA*, TSH
Building Material: *PMETAL*
Construction: *SUNCON*
Financial: *OSK*
Consumer: *LHI*
Technology: KGB
Source: M+
👍3
M+ Morning Market Buzz - 28Feb25
Dow Jones: 43,239.50 pts (-193.62pts, -0.45%)
⬆️ Resistance: 44900
⬇️ Support: 42400
FBM KLCI: 1,586.60 pts (-2.11pts, -0.13%)
⬆️ Resistance: 1630
⬇️ Support: 1540
HSI Index: 23,718.29 pts (-69.64pts, -0.29%)
⬆️ Resistance: 24600
⬇️ Support: 22300
Crude Palm Oil: RM4,511 (+RM18, +0.40%)
⬆️ Resistance: 4820
⬇️ Support: 4390
Brent Oil: $74.04 (+$1.51, +2.08%)
⬆️ Resistance: 78.30
⬇️ Support: 71.00
Gold: $2,877.52 (+$2.24, +0.08%)
⬆️ Resistance: 3020
⬇️ Support: 2820
Source: Bloomberg, M+
Dow Jones: 43,239.50 pts (-193.62pts, -0.45%)
⬆️ Resistance: 44900
⬇️ Support: 42400
FBM KLCI: 1,586.60 pts (-2.11pts, -0.13%)
⬆️ Resistance: 1630
⬇️ Support: 1540
HSI Index: 23,718.29 pts (-69.64pts, -0.29%)
⬆️ Resistance: 24600
⬇️ Support: 22300
Crude Palm Oil: RM4,511 (+RM18, +0.40%)
⬆️ Resistance: 4820
⬇️ Support: 4390
Brent Oil: $74.04 (+$1.51, +2.08%)
⬆️ Resistance: 78.30
⬇️ Support: 71.00
Gold: $2,877.52 (+$2.24, +0.08%)
⬆️ Resistance: 3020
⬇️ Support: 2820
Source: Bloomberg, M+
M+ Market Wrap - 28Feb25
FBM KLCI: 1,574.70 pts (-11.90pts, -0.75%)
The FBMKLCI (-0.75%) ended in the red as losses in Consumer Products & Services dampened the local sentiment; MR DIY reported an earnings decline, while 7-Eleven posted a net loss. Market breadth was negative, with losers outpacing gainers by 862 to 257 stocks. On a broader view, Telco & Media (+0.92%) outperformed, led by CDB (+17.0 sen) and AXIATA (+2.0 sen), while Technology (-5.87%) saw a further decline.
Top 3 Active stocks:
GENM (4715): RM1.900 (-46.0 sen)
INARI (0166): RM2.070 (-12.0 sen)
CIMB (1023): RM7.810 (-41.0 sen)
Volume: 4.40 bn (100-bar avg vol: 2.92 bn)
Value: RM6.46 bn (100-bar avg val: RM2.53 bn)
Market Breadth: ⬆️257 ⬇️862
Crude palm oil: RM4,547 (+RM36)
Dow Futures: 43,400 pts (+103 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,574.70 pts (-11.90pts, -0.75%)
The FBMKLCI (-0.75%) ended in the red as losses in Consumer Products & Services dampened the local sentiment; MR DIY reported an earnings decline, while 7-Eleven posted a net loss. Market breadth was negative, with losers outpacing gainers by 862 to 257 stocks. On a broader view, Telco & Media (+0.92%) outperformed, led by CDB (+17.0 sen) and AXIATA (+2.0 sen), while Technology (-5.87%) saw a further decline.
Top 3 Active stocks:
GENM (4715): RM1.900 (-46.0 sen)
INARI (0166): RM2.070 (-12.0 sen)
CIMB (1023): RM7.810 (-41.0 sen)
Volume: 4.40 bn (100-bar avg vol: 2.92 bn)
Value: RM6.46 bn (100-bar avg val: RM2.53 bn)
Market Breadth: ⬆️257 ⬇️862
Crude palm oil: RM4,547 (+RM36)
Dow Futures: 43,400 pts (+103 pts)
**Source: Bloomberg, M+**
👍3