20 Feb 2014 -BC Daily Trading Floor

Good morning to all... JCY returned to black. Looks like this will be a counter to watch out for today  

happy huat huat trading today  

good morn anonymous682   

tq for tipsy for tdy ...   

happy trading ...    

++1 good afternoon   

good afternoon...

look like a lot of small fishs get caught in Minetec   the big shark really geng..

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apa pendapat traders?   

walaweiii....what happen to POS    

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apa pendapat trades  

WW wrote:look like a lot of small fishs get caught in Minetec   the big shark really geng..

u are already out on this right? 

hmmm

suddenly after market news
will it up again?
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peanut wrote:walaweiii....what happen to POS    

down trend making lows, broke support   

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theres your news
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Market Close KLCI falls marginally on China
Business & Markets 2014
Written by Ho Wah Foon of theedgemalaysia.com
Thursday, 20 February 2014 17:25

KUALA LUMPUR (Feb 20): The key FBM KLCI fell, in line with Asian markets that were initially undermined by overnight dip at Wall Street and later on concerns over China’s economy.

Overnight, key Wall Street stock indices fell between 0.6% and 0.8%, after minutes of the last Federal Reserve meeting indicated that unwinding of the US stimulus program would likely to continue.

The preliminary China Purchasing Managers' Index (PMI) from HSBC/Markit for February fell to a seven-month low of 48.3 in February from January's 49.5, as employment fell at the fastest pace in five years.

At 5.00 pm market close, the benchmark KLCI fell 1.64 points or 0.1% to end at 1827.81, after dipping to a low of 1822.79 at about 4.00 pm.

Losers led gainers by 450 to 379, while 332 counters were traded unchanged. Trades done totalled 2.99 billion shares valued at RM2.50 billion.

“While the index stocks were falling due to external factors, the lower liners were trading actively. This is why volume was high. But the fall of KLCI was very little, nothing to shout about,” said Sam Ng, senior dealer from InterPacific Securities.

In afternoon trades, most Southeast Asian stocks eased after a survey on China's manufacturing sector heightened concerns about its economy, according to Reuters.

Morgan Stanley in a research note said a China slowdown exerts collateral impact on commodity prices and it would "affect terms-of-trade for commodity exporters such as Indonesia and Malaysia."

This had partly caused the KLCI to plunge suddenly at around 4.30 pm, as China is the largest importer of Malaysian goods and commodities.

But a comment by Royal Bank of Scotland appeared to send some relief to Malaysia. In a mid-afternoon note, the bank said it was not too worried about China's growth prospects.

“Though the (China) index is weak, we suggest not reading too much into it. For one, the Chinese New Year holidays make it difficult to interpret not just the current activity numbers, but also the sentiment surveys.

“The very strong trade data for January suggests that many manufacturing companies pushed out production and goods before the end of January, ahead of the extended Chinese New Year break in February.”

The KLCI regained most lost points in late trades after this comment by RBS. But it stayed in the red.

close of session

-okla good volume

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ace
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warrant
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