Forwarded from Trade With Maybank
Bursa Malaysia Midday Recap: Markets Turn Cautious Post-Merdeka
The FBM KLCI opened higher after the Merdeka break but slipped into the red, reflecting cautious sentiment ahead of key events this week. Market breadth was weak, with nearly all indices in the red. Only financials and REITs stood out as gainers. Gold prices surged to all-time highs, supported by a weaker dollar and rising expectations of a US interest rate cut this month. Looking ahead, focus is on BNM's monetary policy decision (4 Sep) and key US data, including the S&P Global Manufacturing PMI (2 Sep), non-farm payrolls, and unemployment rate (5 Sep).
With sentiment turning more cautious, investors seeking trading opportunities may consider BNASTRA (Estimated Resistance: MYR2.16) or KAREX (ER: MYR0.855). As always, adhere to the stop-loss levels outlined by our analysts, and check out today’s Traders’ Almanac video for more insights.
Trade Your Way Forward. Simple, Smart, Seamless.
#MiddayRecap
The FBM KLCI opened higher after the Merdeka break but slipped into the red, reflecting cautious sentiment ahead of key events this week. Market breadth was weak, with nearly all indices in the red. Only financials and REITs stood out as gainers. Gold prices surged to all-time highs, supported by a weaker dollar and rising expectations of a US interest rate cut this month. Looking ahead, focus is on BNM's monetary policy decision (4 Sep) and key US data, including the S&P Global Manufacturing PMI (2 Sep), non-farm payrolls, and unemployment rate (5 Sep).
With sentiment turning more cautious, investors seeking trading opportunities may consider BNASTRA (Estimated Resistance: MYR2.16) or KAREX (ER: MYR0.855). As always, adhere to the stop-loss levels outlined by our analysts, and check out today’s Traders’ Almanac video for more insights.
Trade Your Way Forward. Simple, Smart, Seamless.
#MiddayRecap
"Gold prices hit record high above $3,500/oz on rate cut bets, tariff uncertainty"
https://uk.investing.com/news/commodities-news/gold-prices-near-4500oz-record-high-on-rate-cut-bets-us-tariff-uncertainty-4244406
https://uk.investing.com/news/commodities-news/gold-prices-near-4500oz-record-high-on-rate-cut-bets-us-tariff-uncertainty-4244406
Investing.com UK
Gold prices near $4,500/oz record high on rate cut bets, US tariff uncertainty By Investing.com
https://www.thestar.com.my/business/business-news/2025/09/02/ringgit-opens-higher-vs-greenback-ahead-of-bnm-policy-meeting-us-non-farm-payrolls
The Star
The Star
The Star
Ringgit opens higher vs greenback ahead of BNM policy meeting, US non-farm payrolls
KUALA LUMPUR: The ringgit opened higher on Tuesday but is likely to trade cautiously today as traders will be observing Bank Negara Malaysia's (BNM) Monetary Policy Committee meeting this Thursday, along with the United States (US) non-farm payrolls (NFP)…
Forwarded from Bursa Malaysia (Atiqah R)
Forwarded from Bursa Malaysia (Atiqah R)
A total of 82 stocks will have their dividend ex-dates between 2 and12 September 2025, including 4 stocks that have proposed special dividends.
#BursaDigitalResearch
#BursaDigitalResearch
Forwarded from M+ On-The-Go
M+ Global Market Wrap - 3Sep25
FBM KLCI: 1,578.52 pts (+1.82pts, +0.12%)
Despite the overnight losses in the US, the FBMKLCI (+0.12%) bucked the trend and closing higher for the second day, as gains in SUNWAY (+22.0 sen) and IHH (+11.0 sen) lifted the key index. Meanwhile, investors will also be focusing on BNM's OPR decision tomorrow. Market breadth turned positive, with 604 winners against 409 losers. Sector-wise, majority of the sectors turned bullish. Technology (+1.69%) sector outperformed, potentially buoyed by the news of OPPSTAR (+7.5 sen) teaming up with Inventec Corp to jointly develop a next-generation AI processing chip, while the Telecommunications & Media (-0.50%) sector declined the most.
Top 3 Active stocks:
VELESTO (5243): RM0.215 (+1.0 sen)
TANCO (2429): RM0.800 (+9.5 sen)
ZETRIX (0138): RM0.870 (+1.5 sen)
Volume: 2.70 bn (100-bar avg vol: 2.95 bn)
Value: RM2.81 bn (100-bar avg val: RM2.39 bn)
Market Breadth: ⬆️604⬇️409
Crude palm oil: RM4,450 (-RM26)
Dow Futures: 45,314 pts (-37 pts)
**Source: M+ Global, Bloomberg **
FBM KLCI: 1,578.52 pts (+1.82pts, +0.12%)
Despite the overnight losses in the US, the FBMKLCI (+0.12%) bucked the trend and closing higher for the second day, as gains in SUNWAY (+22.0 sen) and IHH (+11.0 sen) lifted the key index. Meanwhile, investors will also be focusing on BNM's OPR decision tomorrow. Market breadth turned positive, with 604 winners against 409 losers. Sector-wise, majority of the sectors turned bullish. Technology (+1.69%) sector outperformed, potentially buoyed by the news of OPPSTAR (+7.5 sen) teaming up with Inventec Corp to jointly develop a next-generation AI processing chip, while the Telecommunications & Media (-0.50%) sector declined the most.
Top 3 Active stocks:
VELESTO (5243): RM0.215 (+1.0 sen)
TANCO (2429): RM0.800 (+9.5 sen)
ZETRIX (0138): RM0.870 (+1.5 sen)
Volume: 2.70 bn (100-bar avg vol: 2.95 bn)
Value: RM2.81 bn (100-bar avg val: RM2.39 bn)
Market Breadth: ⬆️604⬇️409
Crude palm oil: RM4,450 (-RM26)
Dow Futures: 45,314 pts (-37 pts)
**Source: M+ Global, Bloomberg **
Forwarded from M+ On-The-Go
M+ Morning Market Buzz - 4Sep25
Dow Jones: 45,271.23 pts (-24.58pts, -0.05%)
⬆️ Resistance: 46600
⬇️ Support: 44100
FBM KLCI: 1,578.52 pts (+1.82pts, +0.12%)
⬆️ Resistance: 1630
⬇️ Support: 1540
HSI Index: 25,343.43 pts (-153.12pts, -0.60%)
⬆️ Resistance: 26400
⬇️ Support: 24400
Crude Palm Oil: RM4,442 (-RM20, -0.45%)
⬆️ Resistance: 4590
⬇️ Support: 4290
Brent Oil: $69.14 (-$1.74, -2.52%)
⬆️ Resistance: 71.00
⬇️ Support: 65.80
Gold: $3,559.42 (+$26.26, +0.74%)
⬆️ Resistance: 3660
⬇️ Support: 3320
Source: Bloomberg, M+ Global
Dow Jones: 45,271.23 pts (-24.58pts, -0.05%)
⬆️ Resistance: 46600
⬇️ Support: 44100
FBM KLCI: 1,578.52 pts (+1.82pts, +0.12%)
⬆️ Resistance: 1630
⬇️ Support: 1540
HSI Index: 25,343.43 pts (-153.12pts, -0.60%)
⬆️ Resistance: 26400
⬇️ Support: 24400
Crude Palm Oil: RM4,442 (-RM20, -0.45%)
⬆️ Resistance: 4590
⬇️ Support: 4290
Brent Oil: $69.14 (-$1.74, -2.52%)
⬆️ Resistance: 71.00
⬇️ Support: 65.80
Gold: $3,559.42 (+$26.26, +0.74%)
⬆️ Resistance: 3660
⬇️ Support: 3320
Source: Bloomberg, M+ Global
Forwarded from M+ On-The-Go
M+ Global Market Update – 04Sep25
Solar Theme Back In Play
US: Though little progress has been made on de-escalating trade tensions, with Treasury yields nearing 5%, Wall Street managed to recover its previous day’s losses, which were tied to Alphabet’s antitrust ruling. Overall, we believe market participants will adopt a “wait-and-see” approach and Wall Street may trade cautiously given the uncertain trade tariff environment. On the economic front, the Fed reported softer-than-expected US labour market data, with focus now on upcoming releases including (i) unemployment claims, (ii) ISM services PMI, and (iii) non-farm payrolls. In the commodities market, Brent retreated towards USD67/bbl, while Gold climbed higher to USD3,559/oz. CPO prices remained stable at USD4,422/MT.
MY: Tracking the broadly positive overnight performance in the US, we anticipate the local bourse to trade on a firmer note today. Meanwhile, solar-related companies should see healthy buying support, given the recent rollout of LSS5+ packages. On the construction play, we believe traders may focus on (i) SUNCON and GAMUDA, as we anticipate the data centre boom will be sustained, and (ii) LSH Capital, which we deem undervalued given its 6–7x order book coverage ratio. On a more conservative play, traders may focus on sectors like Banks, REITs, and Consumers such as AMMB, IGBREIT, and 99SMART, given the lower input cost environment, with the latter having just announced its expansion into China.
Stocks to watch:
Technology: *ITMAX*, *UWC*
Building Material: SKBSHUT, *UNIQUE*
Financial: *BURSA*, OSK
Utility: GASMSIA, *PEKAT*
Consumer: HEIM, KOPI
Gaming: *GENM*
Source: M+ Global
Solar Theme Back In Play
US: Though little progress has been made on de-escalating trade tensions, with Treasury yields nearing 5%, Wall Street managed to recover its previous day’s losses, which were tied to Alphabet’s antitrust ruling. Overall, we believe market participants will adopt a “wait-and-see” approach and Wall Street may trade cautiously given the uncertain trade tariff environment. On the economic front, the Fed reported softer-than-expected US labour market data, with focus now on upcoming releases including (i) unemployment claims, (ii) ISM services PMI, and (iii) non-farm payrolls. In the commodities market, Brent retreated towards USD67/bbl, while Gold climbed higher to USD3,559/oz. CPO prices remained stable at USD4,422/MT.
MY: Tracking the broadly positive overnight performance in the US, we anticipate the local bourse to trade on a firmer note today. Meanwhile, solar-related companies should see healthy buying support, given the recent rollout of LSS5+ packages. On the construction play, we believe traders may focus on (i) SUNCON and GAMUDA, as we anticipate the data centre boom will be sustained, and (ii) LSH Capital, which we deem undervalued given its 6–7x order book coverage ratio. On a more conservative play, traders may focus on sectors like Banks, REITs, and Consumers such as AMMB, IGBREIT, and 99SMART, given the lower input cost environment, with the latter having just announced its expansion into China.
Stocks to watch:
Technology: *ITMAX*, *UWC*
Building Material: SKBSHUT, *UNIQUE*
Financial: *BURSA*, OSK
Utility: GASMSIA, *PEKAT*
Consumer: HEIM, KOPI
Gaming: *GENM*
Source: M+ Global