20 March 2014 - BC Daily Trading Floor

by **Cals** Thu 20 Mar 2014, 08:29

Good morning comrades

March 20th - Stocks To Watch Tropicana, Eco World, Kuantan Flour, Top Glove, CIMB
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by **Cals** Thu 20 Mar 2014, 09:57

Market Open KLCI falls in early trade in line with global markets after Wall Street tumble

Business & Markets 2014

Written by Surin Murugiah of theedgemalaysia.com

Thursday, 20 March 2014 09:17

KUALA LUMPUR (March 20): The FBM KLCI fell in early trade on Thursday in line with shaky global markets following the overnight tumble at Wall Street after Federal Reserve Chair Janet Yellen said the central bank could start to raise interest rates around six months later.

At 9.05am, the FBM KLCI fell 3.22 points to 1,814.22.

Gainers led losers by 120 to 88, while 143 counters traded unchanged. Volume was 60.09 million shares valued at RM27.42 million.

The top losers in early trade was Petronas Dagangan, KLK, Telekom, Fima Corp, Hartalega, Dayang, Atlan, Petronas Gas, IJM Corp and AMMB.

Hwang DBS Vickers Research in a market preview Thursday said Wall Street tumbled overnight, adding that its major equity barometers plunged between 0.6% and 0.7% following the US Federal Open Market Committee meeting outcome.

The research house said in effect, the policymakers decided to make a further measured reduction in the pace of its asset purchases by an additional USD10b per month beginning Apr.

Still, a shift in investors’ expectations of faster-than-anticipated interest rate hikes in 2015 and 2016 then spooked sentiment, it said.

“This will likely force our Malaysian equities to face renewed selling pressures today. On the chart, the benchmark FBM KLCI could pull back towards the psychological support mark of 1,800.

“Against the vulnerable market backdrop, stocks that may be in the limelight today include: (a) EcoWorld, which has agreed to acquire land parcels measuring 309 acres in Kuala Langat, Selangor from Tropicana for RM471 million in cash; (b) Formosa Prosonic, following the entry of Wistron (a company listed in Taiwan) as its new strategic shareholder with a 28% equity stake; and (c) TopGlove, as it is due to announce its latest quarterly result during lunch hours,” it said.

Elsewhere, the U.S. dollar was holding hefty gains in Asia on Thursday as investors wrestled with the risk that U.S. interest rates could rise sooner and faster than previously thought, pressuring stock and bond prices, according to Reuters.

Short-term U.S. bond yields jumped by the most in almost three years after Federal Reserve Chair Janet Yellen said the central bank might end its bond-buying program this fall, and could start to raise interest rates around six months later, it said.

by gsrajan Thu 20 Mar 2014, 13:22

Hi BC traders. Why very quite.

My watch list:-

TROP-CD - already on board

E&O-CN - waiting to be on board

For information - I prefer call warrants from CIMB IB Thumbs Up

by **Cals** Thu 20 Mar 2014, 18:36

gsrajan wrote:Hi BC traders. Why very quite.

My watch list:-

TROP-CD - already on board

E&O-CN - waiting to be on board

For information - I prefer call warrants from CIMB IB

any point on why you prefer from CIMB IB mate? Cool

by **Cals** Thu 20 Mar 2014, 19:05

Market Close KLCI ends flat after falling earlier on US Fed rate concerns

Business & Markets 2014

Written by Jonathan Gan of theedgemalaysia.com

Thursday, 20 March 2014 17:39

KUALA LUMPUR (Mar 20): The FBM KLCI ended flat after reacting negatively to news that the US Federal Reserve could start to raise interest rates six months later.

The benchmark index FBM KLCI rose 0.73 points to 1818.17 at 5.00 pm, after falling earlier and getting some push in the last minutes of trades.

Stocks like Tenaga Nasional Bhd, CIMB Group Holdings, Axiata Group Bhd and IHH Healthcare Bhd had supported the market.

Investor sentiments were bearish at market open but a last minute push on some stocks sent the KLCI into a positive territory before close. The index had posted a low of 1811.16 in intraday trades.

Reuters reported today that Southeast Asian stock markets fell on concerns of a sooner-than-expected rise in U.S interest rates.

Sam Ng, a remisier with InterPac Securities, told theedgemalaysia.com that the focus of trades today were on the mid-cap stocks.

A total of 1.51 billion shares worth RM1.85 billion changed hands today, with losers outpacing gainers by 440 to 321.

The top gainer was BAT, which rose 48 sen, while the largest decliner was HL Cap, which fell 54 sen. MQTech was the most actively traded stock today on the exchange.

Top Glove Corporation Bhd fell 25 sen or 4.7% to RM5.28, after reporting weaker than expected results for its second financial quarter.

by gsrajan Thu 20 Mar 2014, 21:59

I prefer CIMB IB because the price of their call warrants movement follow the Intrinsic Value or Time Value in tandam with the mother share movement. I came to understand that Warrants are controlled by the Investmen Bank. It is very interesting to buy and sell CIMB IB call warrants. Handshake

by **Cals** Thu 20 Mar 2014, 22:46

+1 for insight, ITM warrants; usually follow intrinsic value
OOM is on the casino table, thus MM can make or break a derivitive

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